Wow, popular cryptocurrency bitcoin price breaks $10k barrier after having a fourth bullish day in a row. Will bitcoin price increase in the upcoming days? As a trader that believes in technical issues influence prices of an asset more than any other issues and have followed how price behaved around some support and resistance level, I will say bitcoin is currently bullish. The 10ma 22ma and 50ma have been broken on a daily chart and all the lower moving average has cross 50 moving average and that confirm the bullish trend and we should now expect bitcoin to cross $10,800 before end of this weekend. |
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There will be a decicive move either to the upside or downside defining the short to middle term price direction soon (within days).If I give up being objective and use my experiences I would say the movement will be probably to the downside.
I am keeping my eye on BB.Still there may be sudden jumps to 230-240 USD to make a bull trap.The reason for my downside expectation is the money is lacking.However the interest cut of FED may also have a positive affect when we approach October-November.
Have a good and profitable day.
A nice price movement views you have and hope you will keep updating us about the Ethereum/USD trading pair? I have been swing BTC/USD and it has been profitable and see another view in another coin is what I will really like to learn and add to my trading journals. Since the interest rate cutting news we have been seeing Bitcoin and ethereum turning bullish and I think bitcoin might hit $11,000 before the close of work today as the daily chart has turned bullish. Ethereum is currently trading around $222 and $224 and that means we are close to your predictions of $230. |
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Altcoins are falling behind bitcoin as bitcoin has come out of the bear market so when will altcoins follow?
Is there like a pattern to this? If there is a bitcoin bull run then obviously altcoins don't go up at the same time however when bitcoin has a pullback in price then do altcoins shine then or when bitcoin pullsback to a stabilised price for a how long certain period of time before altcoins shine usually?
Can someone compare the patterns from 2017-2018 to 2019 now when it comes to altcoins?
The market keeps changing its pattern especially the popular altcoins that were following bitcoin price movement in 2017, 2018. Traders are moving their altcoins holding into bitcoin in 2019 and when bitcoin gained they are not ready to buy back but selling it for fiat. Most of the altcoins that make significant upward movement in 2017 are not even moving at all and some of them are still in the bearish trend that started in March 2018! I am not expecting much from some of these coins as many of them may not survive in the long term. |
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After the significant interest rate cutting, this is really expected. It could have been a big surprise if Bitcoin did not break the resistance at $10,000 because many good news were hitting the market through this week.and we are having the impact of that news on the market currently. The $10,278 resistance has been broken also and that has turned to the next support as the 50 moving average is moving close to that area. The next level that we would see a strong fight with the bear again should be around $10,800 and $11220 and if those level are broken before the end of the weekend then expect bitcoin to create a new high of the year 2019. |
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This is a wide market and we are having different speculations from different self-made experts daily and I believe that Peter has just expressed his own thoughts concerning the market. Like others has said, "he is a skeptic" and as such he might be seeing bitcoin current state from that angle but those that have been in this market for long do know those that really predict bitcoin price through some technical and fundamental principles and setting! Someone speculates that bitcoin is going to gain over $300 today and that has happened and that is the type of speculations I do accept and not all those that predict based on emotions or selfishness. |
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I've been waiting for the bitcoin to go down in $7500 level so I can be able to buy again. I believe bitcoin will dip further in the coming month of August before climbing back again. If bifcoin become bearish in the month of August, it could be a time for the altcoins to go up. Xrp have a potential to go up more jn the future because it is supported by many international banks
Can you provide good analysis why you think bitcoin is going to deep further by August? Because from all the indications both (technical and fundamental) bitcoin is going to do well in August. The Golden crossing that was promoted in Twitter has happened and currency bitcoin has crossed 50ma as at yesterday. The interest rate cut that happen on Wednesday is another indication that in four to five days to come bitcoin should be above $11,120 one of the strongest and hard to break resistance level. However, if you have your view why bitcoin is going to go down this month, it will be good if you provide it here outside what you just post. |
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yes.. i think can reach up to $70...
and we will see btc up in octob
Binance may crossed $50 in the next bull push and $70 might happen in October or December this year. We are at the best time of the cryptocurrency development as binance (BNB) is leading the way in innovation in the cryptocurrency trading platform. I came back in altcoin trading because of the opportunity I see in binance exchange! I believe more pump is coming and with what is happening binance may become the best trading platform of the year. |
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Savings and investment are not different from each other if you do not want to. When you earn your salary you can put some of it to stocks and call it your savings as well. Not all savings are like putting the money in bank in some account and let it be on some bank interest, that is just one option. Buying crypto is savings as well, buying gold is savings as well.
Savings refer to the act where you do not spend all your money you earned and putting some of it aside, the investment is that "aside" part where you put that savings into something that would make it go even higher while you are still saving. So, putting 100 bucks per month into bitcoin is investment AND savings, you save 100 dollars per month from your pay check and that is called savings and you put 100 bucks into bitcoin and that is called investment.
You did really give a very good explanation on saving and investments. Clement stone said " if you cannot saved money, the seed of greatness is not in you"! It is from a well thought plan to save little as 10% or 20% of your earnings for many months that do create your capital for investment.. If you used all your take home and invested into bitcoin you may died of hunger in the near future. Remember that you most survive before thinking of investment and saving and leaving some part for feeding and taking care of you daily needs is what keeps you and your investment plan. |
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No criticism will not help in this case, the government took its decision and no one else they do not decree.
The government of India has not come out openly to ban bitcoin and other cryptocurrency. Bitcoin cannot be outrightly ban by any counties and if India does that, there are not looking or having a wider views of what bitcoin stand for. We are not going to have all of this banning and accepting issues in the future as countries will be regretting without be part of bitcoin and blockchain technology at this early stage of its developments. |
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it is difficult to say it will be stable or not but in the short term between 9800-10000 can be said to be stable in that range, and at any time can jump or freefall but requires good and bad news that will be followed by most investors and forces the price of bitcoin to move.
Bitcoin has been moving in a range and that is when it is in a sideways trend. We have a volatile market and we must agree with this fact and it might never be stable at a particular price for long term. It must be moving up and down like gold or oil as far as it is not regulated and traders and investors determine the price! If bitcoin is been used as money, that is when we should expect its price to be stabling in a range. |
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At times it is very hard to predict the market and hold without selling. Sell out happens most of the time when there is panic wave relative to the bitcoin. It can be of some negative news or some hacks on exchanges, reserve fund freeze. By this time the respective asset value keeps falling, and if we don't react at the right time we're gonna loss. In recent days Binance is the only coin that overcame such scenario and the growth kept progressing.
Binance coins have done well and I do believe that it is one of the best-performed coins in this 2019! Binance started from a very humble background and has grown significantly for the past one month that bitcoin and ethereum were having bearish momentum. I do believe that we are not going to have continue falling in price as both ethereum and bitcoin has recovered above $10,000 and 220 respectively. Bitcoin is trying to close above $10,000 by the end of July and I believe that August is going to be extremely bullish. Therefore, I join op to said "keep holding, you should not be tempted to sell out"! |
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That's why facebook must make it clear whether the company will actually launch libra token or not, i have experienced this so many times when scammer was creating a new contract address that name a big project that was getting hyped. That scammers were spreading the news in the telegram. Kuna exchange must be told about that and kuna can freeze the amount.
Facebook has come out very clear on this and many media house has reported their positions on the launch of this tokens. I read at coindesk yesterday that "it might be very difficult to launch due to regulations problem across the countries" you can read their here https://www.coindesk.com/facebook-libra-might-not-ever-launch-concedes-firm |
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Bitcoin mining consume a lot of energy and we are daily seeing many technology development now and in future we are going to see mining simplified. Bitcoin has done well for more than 9 years now and it is still growing and that means people are becoming knowledgable in the benefits of blockchain technology and bitcoin. We are having many coins that are fast in transfer of values and coins like monero, stellar, dogecoin, ethereum and litecoin are better than bitcoin in terms of technology but bitcoin remain the strongest and the most used coins because it is the foundation of the cryptocurrency.
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The source of capital for trading is not much important to me. What I consider more important is if I have the ability to make money from trading. If I am sure I can make money from the market I don't care using my salary or even taking loans from Bank to fund my trading account which I know many people do that. It all gets down to how skillful you are and the confidence you have in your trading strategy.
Don’t assume that many people does that, I believe that if you take a survey now and ask how many people would encourage loan, you will see that only 10 percent of the questionnaires will support loan, loan is not a good idea at all, and no matter how great you are or skillful you are, loan is too risky. People do make mistake, and you can never know when he mistake will come, even the so called professional trader will never boast of making mistakes sometimes in trade that usually do cost them a whole lot. Imagine you making some huge mistake that will make you lose your trade, if it was your money, you will only feel the pain of losing, but with loan, you will not only feel the pain, you will also start getting worry about the loan also. Your salary is still quite okay, that is what I use also. I will not support taking loans for investment into liquid assets like forex and cryptocurrency as this is going to affect your performance and also shaping your investments decision. We have stories of people be in problem now because of loans. Someone in one of the states in my country went into a loan from a microfinance bank to invest into cryptocurrency in 2018 February with collateral of his house! The bearish market that happens throughout last year forced him to sell all the coins in September and the court has revoked the ownership of the house from him. I think it will be a big lesson to avoid loan for cryptocurrency investments. |
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It is 30 july 2015 when ETH initially was released. Everyone here might have noticed the amazing work done by ETH team. It is all there efforts that ETH stands the second coin in Crypto coin List.
Happy birthday to ethereum. It has remained one of the best coins that now exist in the market. To me ethereum has outperformed 99% of the coins and it is still one of the favorites coins that attract huge investments from the investors. The last 4 years has made a lot of people rich and many new projects has been launched on ethereum platform and that is a sign that ethereum is the future and it is going to represent our capital market in many years to come especially now that it is becoming more popular! |
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Why Bitcoin is Declining? And What’s Next?
It’s important to emphasize that the current downward move we’re seeing right now is a corrective wave within an upwards trend, and not a trend reversal.
In case of BTC, a hypothetical decline below a significant support at $7,500 would send a strong signal of a possible trend reversal. The retracement we’re observing now is a ‘market noise’ - meaning, it is a short-term trading volatility that does not alter the long-term trend for Bitcoin . In bull markets, corrective waves occur regularly, since any price trend, by definition, consists of a series of waves and counter-waves.
Both technical and fundamental approaches to market analysis indicate a positive long-term outlook for Bitcoin. Currently, the price is adjusting downwards closer to its mean value (i.e. central tendency), which creates a good opportunity to buy Bitcoin with a ‘tight’ stop-loss, thus ensuring an attractive risk/reward ratio. The fundamentals of the Bitcoin network are improving every month - we are seeing increasingly higher numbers of Bitcoin active wallets, Bitcoin daily transactions, and Bitcoin hash rates, all of which indicate an increasing demand for Bitcoin . For example, an increase in the number of Bitcoin active addresses used is associated, by definition, with an increase in global adoption and use of Bitcoin. This translates into increased demand for Bitcoin, which leads to an increase in Bitcoin market price. Since the trend of improving fundamentals continues upwards, we’re expecting to see further price increases of Bitcoin . Active Trade Signal:
- Buy at $10,000
- Take-profit at $15,000
- Stop-loss at $8,000
- Forecasted P&L: $50,000 per 1 lot with 10x leverage
- Risk/reward ratio: 1:2.5 (very attractive) Many people especially the fundamental traders will not understand the principle behind Eliot waves theory, the Fibonacci level and pivot point and as such any pull back is always be taking as trend reversal. I have been in trading of liquid assets for more than ten years and when I see people talking about trend reversal in the face of the little move, I always see them as an ill inform traders or investors and it is because of the fear that the whales are make good money. I think we are still strongly in a bullish trend and this bullish trend is going to last till the end of next year. |
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Players… hmm think if strategies are not 100%, or indestructible… so, why i will share a broken way? if someday you win, why not take more things besides money? I means, if you just took my strategy and won, cool, but.. what do you learning with the situation? If you lose, what do really know? if casinos were just for wins, without experience, so where was the fun? What would you know about yourself in the game? or about the game? ..all strategies on youtube are broken, just for click-baits.. but, Is my opinion. I keep thinking that you should live your expirience. That’s it! Luckygames was created to give a challenge, born with 48% chance to you, 52% is hers… if you want more chance, you can get up to 98%, always 2% is unmarketable… (the house edge) .. BUT.. if you want more chance, LG gives you and more less payements you will receive (if you win…). ok, or you can give your chance to the house too.. and, take huge profits, (if you won…) you will always get 1% chance minimum…. understood? can stay with 1% and give the house 99% .. (payout 99x) .. as you know .. SO, you decide.. play the challenge game or nah! .. think on more time, if you spend hours and days only to win, and dont care about the experience, be careful. I shared some online-tools to help everyone in learning too.. and soon i can put here too, or on my yt channel (adamj5). Think, play and have fun!  Thanks! In the world we rate our success not by what we learned or the knowledge and understand of our actions but by money, we win or lose! No matter how good and perfect a gambling strategy is if it makes losses? It is bad and that is how the world sees it. I believe that many gamblers have come across one strategy or another but as far was the lose based on the strategy, most of us without second tried classified it as bad or scam. Like op has said " it is good we should value the other side of strategy too" maybe by what you gained in the way of knowledge and wisdom you have learned from the strategy. |
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Hmm, The last quarter was very good for bitcoin. And this 3rd quarter is very important I think. If Bitcoin will stable around the last quarter high price, Then people will take BTC very positively and we can see another Crazzy movement in the last quarter of this year. So now pray for bitcoin so that it can remain stable around 12000-14000$ In this Q3. Thanks
Bitcoin has started making some positive stability since when it tried around $9100 and form a double bottom on a daily candlestick yesterday. It will be good bitcoin should cross $10,000 and test the last high again in other for the whales to come into the market. Currently the micro investors are the one buying and selling Bitcoin now and it is when the whales see opportunity or notices that bitcoin is now healthy enough for them to come in a gain before we would began to see them again. |
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Including a picture of where the 50MA is currently at since OP didn't post a picture of it below. Used Bitcoinwisdom.io to make this image, adjusted MA parameters using the 'settings' section on the site. I would agree it does look like resistance at this point, and we even had a little flip of the support to resistance as well with the candle from the upper $10ks to $9k. Been looking at a potential double bottom at $9k with the daily candle yesterday as a result of the stophunt we had as well. I am personally staying out of the markets for the time being, however.  Thank you @leowonderful for adding this picture and I think we can now see clearly of the next task ahead. If bitcoin can close above that level (50ma) in next two days, in a day candlestick , then we should expect a breakthrough that may cause bitcoin to retest $10,800, $11,080, and $12,122 . However, the more bitcoin stay below 50ma the more weakening it become and bear may take the advantage and push it down further. I think you agree with me from macd that the current market position is 50/50 . The probability of bitcoin going down more is high and staying were it is for more days may create doom. |
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The 50 moving average has created a strong resistance level that bitcoin must break in other to resume at its bullish trend again. Bear will push price further down if bitcoin did not cross the 50ma on a daily charts, in the next three days, as the more it stays below 50ma the weaker it becomes. I do believe that the interest rate cutting may give bitcoin an upper edge against USD and bitcoin will cross that limitation in days to come.
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