For now the price decline will occur again, and this will continue if there is negative news spread in the media, and to reach 120000 USD will be difficult to happen this year, but if the price increases again then it will not be impossible to reach that value, we just wait for future developments hopefully the market will again improve.
Just look at the zone that supports this overlap. We still hold the key areas that are needed for resistance before going up. We have 04 days before the end of Q2 where tax-related representatives will be confirmed at this time. Before things start, I'm still optimistic in this niche!  Chart patterns explain the situation, it is better to check the chart for understanding what is going on. IMHO, the market will start to recover after making a few fake breakouts below $30000, after the fake breakouts the BTC can go back to the prices above $50000 until the end of the current year. In another case, it will be very difficult for the bulls to recover below $25k. TBH, I expect a new continuation of the ABCD trading pattern, so the weekly close above the $35k will make it false. The more the bears will squeeze bulls, the market will go lower and lower, the station of bear is around $29k. After $29k the bulls will be liquidated aka REKT. |
|
|
|
It is not the right time, probably the downtrend will continue for another month IMO. After few months, the market can go up for a few weeks and after a small correction, the altcoins will hit new ATH. During the September-October period, I expect huge volatility in the crypto market, the right time should be before September. Everyone's judgment is different when it comes to right time and when not right time. I personally think its not the right time to buy currencies. Because gradually the market goes down and we may have to wait for years for the next bull run to come.
There is not the concrete right time, we all speculate the market and the right time is when we enter the trades. The crypto market will probably go down more and BTC will touch $25k price tag. Entering now is not good idea, better to wait for more correction atm. Hopefully, bears will attack stronger than ever and we will be able to get cheap cryptocurrency. |
|
|
|
I can prefer avax and iota from the three coins you mentioned. But I have other altcoins in my priority, I try to increase the dollar as much as I can because we still don't know that this is the bottom of the decline, so I just look at increasing the number of units, but I see that this lack of volume in the market is an opportunity. I really wonder what they will do in the future. The technologies and solutions of iota and avax are very valuable in both.
when conditions are like this then I don't dare to enter altcoins which in my opinion are not very good because there is no guarantee that prices can recover quickly because the possibility of prices collapsing deeper can still occur, but from the two coins you bought I still have confidence in avax has the potential to bounce back. The correlation will cause a huge pump on altcoin pairs, so it is still early to talk about the continuation of the downtrend. Probably the new market cycle will happen towards the end of the current year and the speculators will look for liquidity on the fake breakouts over support/resistance lines. The fake breakouts are the orders of whales in order to get the more liquidity from the small traders and when they place their orders the market will not move sharply. The sharp market movement means a big order by whales, so they don't want to disclose their identity at the first place. Just my 2 cents. |
|
|
|
Snip Day traders don't get the time for their family  Yeah it is true in most cases, the daily time frames have a better volatility compared to long term trades. The more volatility means more opportunities on the trending markets and you can easily catch small price movements in both flat&trending market patterns. The more you spend time reading news, charts and analysis the less time expected for family and close circles. The life of day trader is horrible from time perspective, otherwise it is really profitable to watch market closely and make decisions based on moments. The bad moments will cost big but the good decisions will be very rewarding. |
|
|
|
Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017. So it is not right to invest in anything now
Yes, because at this time the market was focused on Bitcoin after FUD, maybe the Altcoin market will now improve after the bitcoin price is stable and it will also affect Altcoin too. bitcoin and altcoin have strong rellation in market, every bitcoin movement it could give positive or negative effect to altcoin. sometimes they move parallelly and some time have different direction. if bitcoin price keep dropping , it will be bad moment for altcoin . most of them will continue dropping. The correlation between top cryptocurrencies and altcoins can be a good indicator to invest in altcoins with huge potential. Since the ROI of altcoins has the huge potential, investing in the altcoin markets looks like a sweet deal for all market participants. Otherwise, it is usually flat prices on the BTC market. The flat line trending market doesn't mean the traders wait for breakouts, buying at the support and selling at the resistance lines can leave a sweet profit for the smart traders who likes to trade timeframes less than 1 hour. |
|
|
|
|
It is really individual, general perception is to wait for everyone else to sell in order to buy more and vice versa for me. The market trends are based on HYPE, the continuation of the trends depends on few factors which shows the way to sell or hold more. The stop loss should be on the charts no matter how you are sure on the single trade, in volatile markets single red candle can melt the whole trading position.
The sell limit order should be placed over the resistance lines or below the support price line depending on the market movements, the technical analysis is crucial at this point, IMHO.
|
|
|
|
In past 6 months BNB has increased 380%. It is very big achievement. BNB is coin of strong project so I think there is no any risk in investing in this coin. It has touches 650$ so It can again reach at 600$ when BTC stable. So we should full our bag with BNB in dip.
BNB is the best choice for long-term investing, if you realize the price movement of BNB, it is so clear to see it. BNB is one of the potential coins which has more potential to be successful as right now among other currencies. Since the beginning of this year, this coin reached really a huge achievement. It is so bad to see BNB at this price and to tell the truth, BNB doesn't deserve 100$ and l hope it will change in the near future and BNB starts increasing again. |
|
|
|
Every market can be manipulated in some way. That's not something extraordinary. And i disagree about bad time to buy. Yeah, market can go even lower but bull run will come sooner or later.
There are a lot of people who can manipulate the market and it is not surprising for us. For example, Elon Musk can make it interesting for people to invest in Dogecoin, for this reason, Dogecoin is more successful than some projects. l think there is not any time for investing in any project, instead of bad time there is the wrong choice and right choice. If you can make the right decision about the project which you want to invest in, it will always bring you success. |
|
|
|
Looking at historical trend of bitcoin, once bitcoin reaches it's all time high, it will take some few years before any price action that will send bitcoin to another price high! I do not believe bitcoin will reach $60000 again at least not in the short to medium term. There will be stability of bitcoin price at some point and that will help altcoin to rally.
That is right the statistic is everything, as you above said it can take a bit long time for BTC to get a higher price. So BTC doesn't reach more than 40k in the near future, it helps a lot for other projects to get up. Overall the price of some altcoins depends on the movement of BTC. Top altcoins like ETH price has decreased also when BTC started getting down. If you prefer long-term investing, you have more chance with BTC, however as l said it will take a bit long time. |
|
|
|
The best strategy is to wait long term market trend instead of playing with short term odds on daily basis. Long term trading have several advantages over day trading, so it is important to stick trading plan and experience will make a difference after few failed decisions.
Compared to long-term trading, day trading can be really profitable with 3 screens + coffee + spending at least 7 hours to analyze the market. Reading chart patterns and managing trades based on small time frame price impact is hard for newbies but the whales with huge balances can do this for few hours and make the same profit that you get in a year as a long-term trader.
In this situation, day trading will be a good choice because the market can move up and down many times, and if we can enter the market at the right time, we can expect to buy low and sell high. We have many times to repeat the process to buy low and sell high every day because bitcoin and altcoin do moves good so we can make a profit. But all of that will not work if we do not analyze and only hoping from the other people's suggestions because we can get a wrong signal from them. If you can analyze by yourself, you will see the chance for yourself to enter the market and you can use daily trading means short term trading or long term trading to make more profit in the future. As long as you do not chase a bigger profit, you can make a profit. Day trading can cost a lot to the newbie trader, imagine giving back all profit of the last week in a single loss. The volatility can be insanely high for the crypto daily charts, instead of wasting time&money, I prefer to stick to the main trend. In the case of a flat market, I try my strategies on the timeframes of less than 1 hour. For getting better results you can try weekly or even monthly charts, it is better to check the analyses by different experts and trade based on your final experience. Otherwise, the losses will be over thousands in short timeframes if you keep chasing the losses. In large timeframes, things work differently and you will obviously get more chances compared to the short timeframes. |
|
|
|
|
Regardless of fees, don't gamble the money you can't afford to lose. I see a beg festival on crypto casino chats after some high-rollers share their big hits. It is quite sad drama to see how other gamblers "attack" and beg for few dollars, they just want to feed their addiction. That is why after one level, it is all about addiction, money and commissions are on the second level...
|
|
|
|
A good casino should have a fair RNG. Indications of the game being fair, are when you have both winning days and losing days. If every day is a losing day, I think most can agree that's not a fair system.
By everyday is a losing day, you mean that the guy ends up with net negative profit for that current day? If that's the case, then no, it does not indicate that the system is not fair. You can end up with a loss almost everyday. The more you keep on playing, the more you will lose. But sadly, people thinks that they are getting scammed when they can't make profit. Unfortunately this cannot be used to determine if the casino is fair or not, as we know given a large enough sample almost anything can happen so a casino could be fair and produce bad days and good days or it could produce almost exclusively bad days, but a casino could be cheating their customers and still produce a pattern similar to the one that we see in a fair casino, so those observations are not enough to tell us if we are in the presence of a casino that is cheating their customers or not. I agree, there are crypto casinos with the shady business models. For verifying "provably fair" they give us hashed server seed and user seed but they can easily manipulate the bet result depending on the bet amount, so many new bitcoin casinos can influence nonce on seed placement, so it is better to be safe than sorry. In general, the more we play the more house will make money ake we will lose sooner or later. |
|
|
|
|
The best strategy is to wait long term market trend instead of playing with short term odds on daily basis. Long term trading have several advantages over day trading, so it is important to stick trading plan and experience will make a difference after few failed decisions.
Compared to long-term trading, day trading can be really profitable with 3 screens + coffee + spending at least 7 hours to analyze the market. Reading chart patterns and managing trades based on small time frame price impact is hard for newbies but the whales with huge balances can do this for few hours and make the same profit that you get in a year as a long-term trader.
|
|
|
|
It started before you even knew it. The bear market has started, but that won't make the price of bitcoin fall very deeply. so far bitcoin's resistance point is at 30k, and it's been a few weeks it's still holding up. this proves that bitcoin is still quite strong. maybe this situation will last a long time. bitcoin will go up and down between 30k to 40k.
So far resistance point is around $30k and in case of going below this point, $25k can play the support line role. Unless something bad happens, the market is not going down below $34k and the chances are higher for the upper side direction of the trend compared to the downtrend. I will go for altcoins instead of trading flat market BTC prices. |
|
|
|
I saw some people making crazy bets on France to win against Hungary in EURO 2020, and here are few examples posted in public... Betting is all fine when you win and when you can control yourself, but it's not great when France plays only 1:1 and you lose a lot of money  We always see winning tickets and here are some losing tickets for over $474,450 and for 5,000 euro:   Lol what a crazy bets, why in the first place would you bet on a 1.26 odd?! He probably thought this would be an easy win, but in soccer everything can happen. Also betting on correct score is crazy as this is one of the most difficult markets to bet on. Probably he was doing these crazy bets to increase wager and make a small profit on favorite teams. As you mentioned, the lack of a single goal can cost a huge like in this case. TBH, doing such bets once is acceptable but keep repeating the same method is RIP sooner or later. After making $50k on the first bet, he should stop doing this, IMHO... |
|
|
|
|
It is personal preference, check social media accounts of gem hunters to find the best possible ROI gem altcoins. Investing in top altcoins will not give you huge returns on the investment, try hunting small marketcap altcoins with huge potential especially tech-related new projects that will worth millions on altcoin season.
The ADA BNB XRP EOS looks like a sweet investment in the bear market session, buy in small parts while market is going down. HODL the potential altcoins at least two more years and don't overthink about the altcoin portfolio. Just my 2 cents.
|
|
|
|
why do you think like that? I think it's just a trend. After all they will return to the old proven coins. maybe by following the meme coin they can get profit faster.
Investing in shitcoins is not a good idea better to risk hard-earned money on top altcoins. I prefer to wait for the bull season in order to invest more before the altcoins hit ATH. The reversal can be strong but we need to wait for the market confirmation instead of trying to catch market top-bottom points. In the downtrend, trying to find the dip point is like catching a falling knife which can hurt us. Altcoins with reliable potential will recover in the next bull market no matter what happens in bear market. |
|
|
|
Not only in this trading world but also all every place something DEMO is really needed for the new comers. Maybe we who are very familiar with something we can not feel the feelings like newcomers on that place. When newbies have a advantage of using demo account to test the website/or even in real life, they feel good and there confidence increased a lot. So I also think it's really very important for the newcomers.
Instead of risking real balance, using demo accounts will protect the trader from heavy losses unless newbies luck kicks in. The only downside of the demo trading experience is the lack of controlling emotions because traders will not behave in the same way on demo vs real accounts. Btw money management and controlling margin/leverage can be different depending on the greediness or fear level of the trader. |
|
|
|
This dip was happened because of two reasons that has happened that time, the first one is when China restricts bitcoin in their area, which brings too much dip in the bitcoin, the second reason was the tweet of Elon Musk again when he was tweeted about Tesla which is not going to accept bitcoin anymore for such sh*tty reasons.
There was a new tweet of him that Tesla is going to accept bitcoin again if miners will use clean energy. https://cointelegraph.com/news/elon-musks-lays-out-when-tesla-will-begin-accepting-bitcoin-payments-againunfortunately, that doesn't change the mind of the people riding the hype again as they know that Elon was just playing with them. With his manipulation technique, there's no reason to trust his words. Elon doing a nice job with speculating markets but he will not be able to repeat the same process on stock markets. Due to lack of regulation, things don't go such a way in the crypto trading world, influencers shouldn't abuse their power in social media for manipulation. Another tweet by Elon Musk will pump the market but his team should prepare deep buy orders first... |
|
|
|
I think this is a bit crazy because Doge coin is only used by Elon Musk Fomo to increase the price, it has no real application other than Dice game and HYIP investment channel so I think Doge price in the next 5 years will around 3$~5$ is reasonable.
Because of hype people were gone crazy and almost forget to do basic math. $20,000 for dogecoin in next 5 years, completely ridiculous and that not make any sense at all. Recent hype failed to get dogecoin for $1 each, so $1 still a imagination. I'll be happy to see dogecoin at least $1 each. This number for Dogecoin is really so comic and it is just impossible, firstly BTC should reach 500k for Dogecoin gets this price, on the other hand, Dogecoin can not do this, that is why this coin was made for joking and there are a lot of projects which have more chance than Dogecoin. In the next 5 years, we will not see Dogecoin at this price, Elon musk can make something, but it is not enough to get this price. The speculation around the altcoins makes it worse to trade altcoins at the moment, so I prefer to wait for the better opportunities before jumping over the potential altcoins. It is not good enough to get what we want, so I expect more red market rather than green market for few months. |
|
|
|
|
Show Posts
