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I now have 56Activity and if it reaches 60 I will become a member.
This is how the plagiarizer ranked up to Member: MERIT - 8 Merits (out of a total of 11) for plagiarized or text-spinned posts that in the meantime have been replaced by the word "deleted" ACTIVITY - Pump your activity like this. Don't forget to leave your replies in the threads you marked as "deleted", to make sure you don't decrease your activity: This guy's setting a really great example for Newbies.  I asked one of my friends and he said delete the posts that have problems with the rules. I did it willingly. I do not know, is my presence on this site really a big problem? I erase past mistakes, I get reprimanded. I correct, I get reprimanded again. Wrong posts were deleted and I see no reason for untimely errors.  |
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I searched for a book on bitcoin in my hometown, and after several months of searching, no book was found.
I also think that making and publishing books about Bitcoin can help a lot of enthusiastic people in terms of its performance.
And I hope that people will work harder to advance and raise public awareness of Bitcoin.
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Everyone who has entered the Bitcoin market has considered the losses and the bitter days of Bitcoin.
I have said before in an article that you should never invest too much in this way.
Think of Bitcoin as a pastime.
And emotional decisions should be avoided.
Bitcoin changed my life and I hope the benefits of bitcoin become apparent to everyone.
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I do notice that some people naturally don’t allow bitcoin in any of their daily transactions even when it faster and easier, they still don’t prefer using it, I have noticed this a lot, Some classes of human,Sometimes when they are to receive money from another country like international transfer sometimes it takes 2 3 days to arrive,They will advise them to use bitcoin and they still don’t accept it even it faster and easier. Now how come we make bitcoin come to people.
These people are afraid of not knowing enough about bitcoin and how it is formed from bitcoin. Like the first year oil was discovered. In those days, people called oil the Black Forest. Because they did not know what oil was, and today we see that oil has become an essential part of world life. I hope eventually bitcoin will be like oil. |
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Nowadays government thinking is a cashless society to avoid corona virus spread out to the community or society. It is possible that the bitcoin will used in different transaction? Many country nowadays are imposing the system of cash less basis of any transaction. Specially, particular in buying commodities in the department store, petroleum product in gasoline station. even in transportation government impose a cash less payment. Since bitcoin is one of the most popular digital currency in the world, do you think government adopt bitcoin as form payment in cash less transaction in our society?
In my opinion, this idea has existed since the birth of Bitcoin and this is one of the main goals of making Bitcoin. Governments need to use bitcoin not just for the corona era, but for the whole era. And the paper money payment system must be abolished. Only then can we see a huge wave of Bitcoin fans. |
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Those who think bitcoin is an easy money don't have the right knowledge about how investment works and how this cryptocurrency works. There's a strong wall on the resistance level and that is why we are still down, however the future of bitcoin is still bright because of the adoption happening on most of the country. The trend will not always in favor to us, there are times that our patience will be tested so if you have a weak emotion, you'll lose in this market.
These people do not know enough about Bitcoin and this will cause them to fail. I can also say about the future of Bitcoin that governments are more against it !! Because they see the value of their national currency declining. And the only countries that I think agree with Bitcoin are developed countries like China and Japan.  |
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I had no idea what to happen next but the time is not right. Everybody says Bitcoin closely following the event of US election, whatsoever between $10k -$11k range it's ups and down. If the resistance falling we're likely going below $9.5k. There is so much uncertainty at the moment in all markets. We're heading into 2021 and anything could happen. Just my opinion...
It can be said that the election will definitely affect bitcoin and, as in previous years, it has affected the market and the stock market. In general, Bitcoin is not independent of world events, and we saw what happened in response to the Corona virus. The resistance level break has the chance of a downward movement than the forward push. There is minor fluctuations in the market volume at specific time interval. Right now there is big variation in the market of altcoins, almost every altcoin have declined on its value. As of now every move happening with bitcoin seems to be associated with the election campaigning happening activities of USA.
The current resistance will be in the range of 10,800 to 11,000. Market volatility is also declining, indicating a stabilization of resistance. And if bitcoin is on the rise, altcoins will definitely be affected by the king. |
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Considering we are going above $10.5k constantly and the price is trying to break those $10.8k levels in order to reach $11k, doesn't it look like it is going to happen soon? Over $11k is not something we would have hard time doing if you ask me, it all takes some buyers and a bull hype and if we get that, just a tiny bit the people who call out 100k or even 1 million will come back and that will create even a bigger hype where tons of people will invest fearing they will miss out.
Going above $11k also indicates that going above $12k is easier as well, usually when bitcoin price goes up it goes up all together very high, not just tiny bit. So, we just need one bull run for that to happen, if we have one bull run to break the next resistance we are breaking few after that too.
The 10,600 resistance has stabilized and is likely to rise to 10,800 and then to 11,000. Breaking this resistance is not so far-fetched and can be hoped for. Interestingly, when I talk to my friends about the price of 12,000, they say it is unexpected and impossible. But a few months ago we were in the 12,000 resistance and we saw those days. And I think we will go back to those days.
It looks like the price is going to stay this range for some time. We've seen many times that BTC pumps hard that it breaks resistance almost in just a day and it might just be the case to break the $12k. It think its still the case that when BTC price goes up, every thing else goes up too. We just even look at the chart of BTC to summarize the crypto market.
When there are so much demands, traders sells a lot because and it will test the support level just as the bid orders tests resistances. Breaking out means another selling price to break.
If we look at the increase in public demand, we see that the price of Bitcoin will increase with it. And the current price is a period of latency. Bitcoin is preparing for higher prices and we will see this in a few weeks. Also in this case, I think the corona virus is more for the buyer than the seller for sale. |
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It's where the misconception starts. Because of unemployment, they think that bitcoin is a savior to them and it will employ them or will make them money during their unemployment. But it's not the actual thing that happens, it wouldn't just count and give them profit that quick.
Especially the new, that's their mindset and they've seen others make money and so do they think the same and it will be easy for them.
They make some money this way and think they are always going to make a profit this way. And we know that bitcoin is not always profitable and always comes with the sweet days of the bitter days. On the lower time frame, bitcoin price movements still respect to the trend line that forms a symmetrical triangle, which is I'll expect the price will go up again retest the $10.900 barrier. But when its price breakdown the trend line it could fall to $9800 and I'll be expecting the tweezer bottom will be formed by this monthly candlestick. I just thinking that the crypto's whale is preferable not to buy bitcoin, as we can see in the past few weeks the volume for bitcoin price is very small compared to the previous weeks.
If the current triangle is formed, it will most likely have to wait for the price to rise to $ 11,000. Also, whales do not fully control the market. Rather, most of Bitcoin is in the hands of ordinary people and investors, and you can watch the rise of Bitcoin without making wrong and emotional decisions. |
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do not forget that when the news of the Corona virus came, bitcoin did not fall at once and behaved like now, but in the end, March became an exemplary fall.
I think on the other side, bitcoin has shown a very strong resistance not to fall since corona virus. Yes, unlike people believed it was going to drop because people weren't allowed to go out for work but that became an advantage for bitcoin. At the moment, the price is not in bad shape as it is still above $10,000. The current price and resistance is amazing considering the Corona virus. This resistance is well supported and it can be seen that people have resorted to bitcoin in addition to securing capital. I am not sure if people assume 20k is that easy, I fear that people already know that we are not going to be too low anymore which is great but the fear is the fact that many will think it is going to be hard to get to 20k again. Sure there are tons of people who start topics like "bitcoin going to 100k!!" or so whenever we increase, if this month we become 13-14k you will see that not only 20k but there will be topics for 200-400 even 1 million per bitcoin topics, that type of hyperbole unfortunately happens anytime it goes up or down.
However the real investors, people with money knows that it is not going to be really that high anymore, it is going to be probably 14-16 range any time soon and thats it, I am not seeing anything bigger than that from bitcoin.
If people are waiting for the price of 20,000, I do not think we will see this price in the next 2 years. Regarding the long-term analysis of Bitcoin, it must be said that it is a very difficult task, and those who talk about prices of 100,000 or more, their only logic is based on imagination. |
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User: F_Societys
Position to Apply: Member
Posts Start: 120
Address: 3HyFffqyPTXktYpb4ZdB5HmfFaEeNtPfd7
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10K is not only a resistance in the market but it is a resistance in the psychological levels as well, people do not think that bitcoin worths under 10k and that is a very good reason why it continues to go above 10k all the time, but people do not even think it worths over 10k as well so whenever prices change we just end up with the same thing, bitcoin going down and up between 10k and that is how it is for the most of last three years, it reaches as low as 3.8k and still goes over 10k and it reaches at as high as 14.8k and still goes under 10k, it is always doing that.
This means the resistance at 10k doesn't really shock me, it is something we have always lived with, people do not want it go under 10k and there are tons of people who want it down as well which will be a fight.
People expect higher prices from bitcoin and 10,000 resistance is the minimum price they accept, so the real price of bitcoin is not 10,000 and it deserves higher prices. Also about the war with bitcoin, it should be said that many governments are against the presence of bitcoin, because they see the value of their national currency declining, and this is a sign of the power of bitcoin.
I wouldn't call it pessimistic, just a good buying opportunity. After a bull run like we saw in March-August, I would consider a 61.8% retracement (the $7,100s) to be very typical. Doesn't mean it's guaranteed, but it's something worth being prepared for.
Holding in the $9,000+ range is equally plausible. It's just too early to say.
Maybe it also makes sense that, as you said, we will see a drop in prices after a few weeks of resistance in the range of 10,000 and reach lower levels. Also, as you said, we were all waiting for the price to rise in August, when the fall suddenly started. And in general, I have to say that we have to expect everything. Sometimes bitcoins and (whales) stir the market with falling or rising prices. |
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10,700 is a short stay for sure. I don't feel such resistance instead of having the support to start. The Defi surge is almost done and I'd expect more increase 10,800-10,900, but can't be straight to break for 11,000. The market will remain unstable, yet the support system isn't enough to make a huge push. No clue for the hypes when it comes. However, the market is still healthy, we are not in the bullish season and we are not also in the bear season. The last hope, for now, is to keep the trend above 10,000 until the year ended.
As you said, we saw that 10,700 were broken in a few hours and it can be said that the resistance has not been fully formed yet. Also, the season of bitcoin ups and downs is not clear and it can be said that it may reach 10,800 or 11,000 by the end of the year.
This pushed not bitcoin people to research about bitcoin and give themselves the benefit to study about it. And now, probably a portion of those people have been encouraged not by anyone but by themselves to buy.
Bitcoin has shown itself to have enough time and also in a situation where most people are unemployed and looking for a way to earn money. I also think that bitcoin advertising has increased so much that when we open Instagram, it started with at least 2 posts about bitcoin. |
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the news of the Corona virus came, bitcoin did not fall at once BTC fell out of a positive trend before March, it didnt have to fall like that but it was ready to pull back I guess. We've had bad flu strains before, this one was different but there was no real common perception or fear till late Feb I guess then it moved all markets. 11,000 is the level I was just looking at to start proving we have moved past a negative scenario in price action. Till we really establish a price like that as the low then I presume we drift and remain negative medium term, right now its drifting up but I dont count this especially as any action. With the arrival of Corona, everything was affected. And bitcoin was affected by this global atmosphere, albeit with a slight delay, which I think was due to the whales' support for the 12,000 resistance. Expectations have also risen to 11,000 and above, although the current channel can be seen to be stable. There has been a 0.068% drop in prices over the past 24 hours.
Well bitcoin will not be stable technically, perhaps what we are seeing in a relatively calmness in the market, maybe some are into this Defi hype, but if it will burst, investors are going to shift to bitcoin again and maybe we cane and the year in the $11k-$12k range. Corona virus has no impact already, we already pass it, and that's another reason why we are stable.
The meaning of relative resistance stability is in a fixed range and we can never say that bitcoin will remain in the 12000 channel this year !! I also agree with you that in case of failure more buyers will come to Bitcoin and this will be a good reason to increase it. |
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the only resistance that matters in my opinion is the one at $11k. everything else below that and above $10k is going to be normal daily fluctuations. when the $11k breaks then the market can take a direction (similarly if $10k support breaks it will be a downward direction).
meanwhile whales are accumulating!
right now it is $10660 and it did also reach $10750 which is my point about $11k being the real resistance otherwise reaching these prices doesn't really mean much since it could again go back down to $10400 then back up again (rinse and repeat). and this does actually mean bitcoin is stable right now.
as for the news, i haven't see any bad news that affects bitcoin itself. it has affected some weak hands that sold but since they sold recently there aren't that many weak hands left to panic sell which is why we didn't see any drops.
The important thing is that the current resistance is breaking and in the next few days we may see the entry of channel 11000. Also, 11,000 is not a safe area for bitcoin, and we may see it fall back to the 10,000 channel. And then we have to wait for a new resistance that will occur in the channels above 10,000. When the resistance breaks,the price will go down,which might cause some whales and bulls to wake up and start buying,which means that the price might go up again,if the buying pressure is strong enough.
Anyway,the resistance might not break until Christmas or maybe January 2021.
Maybe the downfall is the idea of whales wanting to raise liquidity from the market and take advantage of it when cows sell at a low price. Also, the resistance of 10,000 has reached almost stability and we can hope for higher prices. |
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I am also considering expectations.
CoranaVirus.
This illness could be making a positive effect on the market.
Not that it's a good thing but most whales could be expecting other investors to switch anytime now.
I don't know, it may sound crazy but that is how my mind works for now.
IMHO, resistance is there because of that and it won't go so low in near future.
On the other hand, Corona virus has increased the purchase of bitcoins and increased the safe deposit box of the people, which increases the price. Also, in a situation where we are all at home, there are people who are familiar with bitcoin and this opportunity can be used in favor of bitcoin. |
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I try to draw diagrams, but I leave analyzes that I do not think need diagrams or have a simple understanding without diagrams to challenge the reader's mind. I have to say about 6000 or 7000 that it is a bit pessimistic and we should expect higher prices for zigzagging. We’re on the sideways trend playing between the support and resistance and of course if we break the resistance and there’s a strong volume we will climb up and will create another support level, the next trend is crucial after this. Bitcoin moves slowly in the past days, whales are just waiting for the market signal and if the market hit their target, expect them to move big again.
Yes, what is expected is to break the current resistance and form a resistance in the higher range. And I have to say about whales that they will not make emotional decisions like newcomers, and they will make strange moves when the market is in their favor. |
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In my opinion, it is OK for a correction right now because when there is a correction there is always a momentum for the price to sprung back up again and even breaks the next resistance, That is what bitcoin is trying to do in its recent movements, I guess you are right the whales is really just waiting patiently for the right opportunity to make a move again, I think it is OK for Bitcoin price to have a break once in a while to regain its momentum back up again.
Of course, a price break does not always lead to an increase. Rather, after the resistance is broken, we have to wait for a new move (rise or fall) and this action is possible only if the demand increases. Here is my simple chart for this.
I have strong feeling that strong resistance for short time is around $10, 700 - $10,900. Which is kinda close with yours.
And a minor support around $10,000 - $10,200. Since last week, I am watching closely this support since when we use daily time frame, we still haven't able to make a daily close below $10,000 for almost 2 months now. That's why I clearly see a $10, 000 is strong support here.
A breakout on this resistance, I am hapily to see a easily $12, 000 within few weeks.
Thanks for drawing the chart and also this resistance is not going to be long and finally the prices should jump or fall during these few weeks. And as I said, the conditions are right for a price increase, and the expectation of the 12,000 channel is not far off. |
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In my opinion, it depends on the conditions of the country.
In a place like the UK, I think bitcoin can be a good way to invest.
But in a country like Iran, the best option may be oil and gold, because the price of bitcoin is in dollars and each dollar is a few tomans.
In this situation, someone who invests with Bitcoin seems to have invested in two things (dollars + bitcoins) and this risk is very high.
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Hello to all friends
Rsi has a negative divergence in 4H timeframe, and considering that it could not break the resistance of 10620, I think we will have a correction to the range of 10300, but if 10620 is broken, the next position is 10750, which is a strong resistance range.
This is my analysis.
And the next analysis:
Due to the negative conditions and news these days, Bitcoin has maintained itself and has not fallen seriously and has even grown a bit.
This does not mean that bitcoin is stable, the whales are patient and vigilant, now is the time when bitcoin will make a relatively good ascent to 11500 and after this ascent we will have a drop to channel 9 ka and after that I will serve you What is the situation, do not forget that when the news of the Corona virus came, bitcoin did not fall at once and behaved like now, but in the end, March became an exemplary fall.
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