Bitcoin Forum

The market still looks bullish. Perhaps today the ETF will be rejected. While such thoughts - it is possible to pour up to 6100-6150, a sharp rebound at 6300 (maybe there will be just a candle down and back, that would knock out long positions before this growth is small). Further, most likely, the growth in the outset to 6600, from there we pour on 6300 after which I hope to fly to the top to break the not broken lines. If the violas do not flow strongly to the cue ball on a campaign it to 6150 then this will speak of an upward market and a temporary correction. Who in the viola just do not forget about the foot.

no because SEC has no plans on letting the bitcoin market be rid of them this soon, they will reject ETF by the end of this month no 23 days sooner!

since there is no more news to come out until then we may end up seeing the same slow rise that we had recently towards $8k and then drop down from then when SEC actually rejects the ETF and finally we can see the rise interrupted afterwards.

According to AT its a lowering wedge in downtrend which most often affect in breaking it down. I dont know why you assume that it will break up. Silver looked similar to that chart few years ago. Take a look.

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FE1kIVPx.png&t=592&c=bak_BP3VsNVJIQ

Strong support at 27? Just like bitcoins at 6000?

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIvRu0nW.png&t=592&c=3ocsjBoZ3MY1Ww

Thats how it ended.

In my opinion chart looks extreamly bearlish and if any great news wont appear we will break 6000 which will result in instant drop to 4.5 - 5k. We need good news to save bitcoin from bigger correction. I dont see it to be danger for bitcoin. We can end correction now and slowly go to 100k or drop to 3k stay there for 1 year and slowly go to 500k. Longer we will stay low higher we will bounce.

I think that by Tuesday there will be a correction to 6800, and then again we will only fly all the way to the bottom.

I'm yet to be considering a bottom until ETF. The price is dropping really but not to go beyond $6,000 by the end of the month. And as we already know that we have approached the last quarter of this year, price might not dip but make unexpected increase.

A huge number of traders are waiting for the moment when the market goes into a bullish phase, and from the beginning will begin to give out money. But apparently they do not understand that the market does not give out money and they take it. Until they become passionate in Long, there will be no growth, for those who have become in the position must lose. Do not wait for a miracle, consider the rules.

The bullish should come together to make the market full of positivity. Bring the bitcoin price to its fast recovery. The supposedly bull market about to start, a tremendous decline in just 24 hours broke the trend.

I think bitcoin investors are not concerned whatever the decision of SEC about ETF. They almost feel that the decision is already been determined against. What matters here is how bitcoin will do even without ETF.

The ETF is believed to take place last day of September. Bitcoin will hit low and rebound before that date if you follow the chart from the OP. Until then the market will only range. It is suspected in many quarters by analysts that the outcome of the ETF will be negative for bitcoin but this will not mean that bitcoin will die. Bitcoin will also survive this hurdle again.

There you go. This cycle is non ending and there is no technical analysis which will come to be true to believe on. With the time, there are many changes that will happen and currently the most hot topic is about SEC and it's decisions based on the current use case of crypto currency.

If they keep rejecting the ETF like that then surely each time bitcoin will fall to the ground because major investment will be seen as falling out of the sky.

Due to this we are loosing major investment into crypto and thus there will be no more support walls for unless and until people willingly jump into the crypto itself.

Just patiencely waiting for the bull run to happen this year. Many predictions have given to the dates but still it's unknown to all of us. BTC will surely go with USD if bull run comes for sure. Gathering coins now a days will be a good choice to take and hold it until such time comes.

Not sure how you possibly interpreted that graph as bullish, each successive peak of the bull wave is smaller than the last, this is indicative of a false breakout that will lead nowhere. Bulls don't organize themselves to stabilize the market, right now it's a dog eat dog world and all the small fish are getting eaten.

Maybe it goes into the short-term bull market because I don't see a lot of positive things, it's not the time for us to rise higher, in front of us, the SEC is ready to always prevent it with news, we have to wait to see how far we get good attention from the SEC , this is not the Banteng market but this is a very normal increase with a very small wave played by many people, just wait for the news later this year.

ETF rejection by SEC will not have an effect on bitcoin price movement, the reason that was come out on my mind is many people now trying to play the market and having a bear market, it will make worst if those people having a panic selling. But the decision of SEC was not yet done let's wait for further announcement on it but in this case, we still hope that the market will be fine by next month or within this year end. Since the market is unpredictable we just can wait for what will happen soon!

Well an sec approval may not even be good news since there are still a lot of people in the community who would prefer us to steer clear of any government connection. Though if we are indeed running towards being bullish, it doesn't seem to be like that for the moment.

To make  bull market become reality should be any new money come in to crypto market, currently about $600 billion market cap loss since january.  But i have seen many youtuber and others expert spread good news about Bitcoin and others cryptocurrency in many social media so they also will help to promote Cryptocurrency that will attrack new many investor.

The market cap is not really about putting that much money back into bitcoin.
When you are considering the 600 billion loss in marketcap value that doesn't really mean we need 600 billion dollars go back into bitcoin at all.

You can basically just make people think bitcoin will go up and than they will stop selling their bitcoin for these amounts which means the current buyers will have to pay more to buy bitcoin and just from not selling you made the price go up and eventually of course the marketcap going up as well.

Spending money to make the price go up is not the only way to get the price high, making people believe the price is going up is also another way of making marketcap go up. Hence, I do not believe we need 600 billion to go back to those levels, we just need a hype that would make everyone excited about the potential price of bitcoin or any other coin that comes with it.

Steering clear of government connection or regulations, however you want to call it is something we will definitely not be able to see and we just need to get used to the fact that governments all over the world, will simply not just allow the space to be an alternative when it comes to spending, without at least having some regulations in place.

Market is growing every year and one thing I am sure of is that one way or the other, the market is still very much bullish which I believe for those who are patient enough they will always experience it. Stop bothering about government, just bother about stashing for the future, because whether anyone likes it or not, this space would grow more than this.

Bitcoin investors may not be interested on what the decision of SEC about ETF, but we have to put in mind what is the effect of it's decision pulling to the market especially in bitcoin's price.

They really are together here inside the crypto space. They are together on manipulating it. They don't want small fries to join the rally. They want them to lose hope first before they are going to do it.

New money would most definitely come in at some point as well as even the money that left in the first place as a result of the correction and some big whales cashing out at the peak.

Bulls are always in the market and they have always been in the market, which at this point, considering that we are seeing $6k even as a bottom in this point with over $200 billion market cap and considering that low, shows we have been bullish over the years and years to come will even come with a whole lot more. Investors will pop in one way or the other, what I am just particular about now is to see real life usage for sustainable demand.

This is not necessary that whatever we speculate or say about the market and about the spike or fall happens and choosing a day for it is not possible the least. Market does not work purely on the basis of the demand and supply thing. There are other factors that drive the market and this is the reason why it is not possible to get the desired changes in the market on a specific day that you speculate.

So a double bull in both Bitcoin and USD will be a history in the crypto market and in the international market for investors. But I do not see it coming. It is not realistic.

Bitcoin and USD is come out together for their prices and same price that the price has drop and I think it's a big problem for holders and good news for Waiting people that decrease the price to buy.