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21  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 16, 2019, 08:59:09 AM
I think this week, bitcoin was down again, but no one will know until how much the price will go down. We cannot predict how long this situation will be, but we can prevent from the down by selling some of bitcoin to buy again at a low price. I think we already make a profit in the last few weeks so we can prepare to buy the next bottom of the price. The trend still on the down and it looks like the trend will be like that for this day unless there is a massive buy from trader so the price can be lifted for a while.

It looks like it has some good support at $9,500 but if it goes below $9,000 we may be in trouble. Personally I got in at sub $9,000 and got out at $10,300 as it had met some tough resistance at $10,400. The chart looks good now and we may see an upward trend forming.
22  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 16, 2019, 08:58:12 AM
what do you think will be the next move after the uptrend. from my own little observation, it looks like we will continue the uptrend towards 13k price mark before another retrenchment to 10k. i doubt if the price will go below 9k this year again.
i will love to see altcoins move in the same direction as bitcoin please.
Since we had once tested the value of $13800, I am sure that there might be a retest of it very soon if there can be a broken barrier of $12k, bitcoin will still try and target that, maybe even get to $14k before retracing back to $10k, but all still a perfect bet even if bitcoin goes back to $10k now, I have some coins that has been sold already at $12k, I would just have a better chance of buying cheaper then at $10k which would give me more coin than what I am holding right now.

Every direction bitcoin goes will always be favorable if you really know how to shocking every side of the market, if bitcoin increases further now, it favors some of us, if it decreases, it still in a very big favor of us. Altcoins, I don’t really know what is going on with those ones.

 Bitcoin was getting rejected hard around $12,000 and now it dropped. It looks like it has some good support at $9,500 now and we may see an upward trend soonish.
23  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 16, 2019, 08:57:07 AM
what do you think will be the next move after the uptrend. from my own little observation, it looks like we will continue the uptrend towards 13k price mark before another retrenchment to 10k. i doubt if the price will go below 9k this year again.
i will love to see altcoins move in the same direction as bitcoin please.

That uptrend seems to be over. The price collapsed back to the support of about $9,500 and it looks like we may be crawling back up right now. If it goes below $9,000 though, we may be in trouble. Goldman Sachs is bullish on Bitcoin, but even their analysts said that if it drops below the $9,000 mark, then Bitcoin is in trouble.
24  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 12, 2019, 03:20:01 PM
The next thing you can do is be careful from where the market move as we don't know what will happen later. But if you can make a solution from now on related to the situation, I think you don't need to panic if the market is increases or decreases. You can use one strategy that will be useful if the price increase. And you can also use the other strategy that will help you to prevent the big loss if the price decreased. So you could still move following the market, and you might get a chance to make a profit if the price increase later.

That's totally true, that is why it is a great strategy to identify support and resistance lines. These can help you understand when there might be a sell off. Here is a TradingView idea I published that identified a bunch of resistance lines:
https://www.tradingview.com/chart/BTCUSD/Ur1qmQ4Z-RESISTANCE-Trading-strategy-on-resistance-and-support/
25  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 12, 2019, 03:18:58 PM
The next thing you can do is be careful from where the market move as we don't know what will happen later. But if you can make a solution from now on related to the situation, I think you don't need to panic if the market is increases or decreases. You can use one strategy that will be useful if the price increase. And you can also use the other strategy that will help you to prevent the big loss if the price decreased. So you could still move following the market, and you might get a chance to make a profit if the price increase later.

Going with the flow of the market is definitely the right way to go. Bitcoin can be very unpredictable at times, but if it breaks the 12k mark, then we can see clear skies ahead.
26  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 12, 2019, 03:18:39 PM
bitcoin is declining I think that's a normal cycle, we can't predict bitcoin in the future. can bitcoin experience price increases and price declines. so I think now the effect of rising or falling prices depends on the cycle in the market

We can't predict the future of course, it is recording lower highs as shown here and it could be a sign of things to come.
https://www.tradingview.com/chart/BTCUSD/dZU6KKRE-Bitcoin-Can-t-Break-Resistance-So-Headed-to-Support/
27  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 12, 2019, 03:18:09 PM
Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.

But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.


Based on your analysis, I can say that this is a very reasonable analysis for this market because it is certain that the value of Bitcoin will fall to a minimum of $8,000 in the coming time and will take long time to be able to return to the price of $10,000. Currently the value of Bitcoin is still very high compared to reality and I believe that holding stablecoin is the top priority option in this period because it is likely that the bear market will soon return.

Because of this things, many will sell their coins now, if they believe in the illustration stated at the above. If it is going to go down at 8k$,
Though the price according to coinmarketcap was 11, 904$, perhaps it will take a long time before it recover again. But wait lets not forget that market is still unpredictable.

The market is definitely unpredictable, but there are strong support lines that Bitcoin has to pass first before making its way down to 8,000.
28  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 12, 2019, 03:17:41 PM
Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.

But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.


Based on your analysis, I can say that this is a very reasonable analysis for this market because it is certain that the value of Bitcoin will fall to a minimum of $8,000 in the coming time and will take long time to be able to return to the price of $10,000. Currently the value of Bitcoin is still very high compared to reality and I believe that holding stablecoin is the top priority option in this period because it is likely that the bear market will soon return.

 A drop to 8,000 is definitely reasonable. As shown here, we are recording lower highs and this could be a sign of things to come.
29  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 12, 2019, 03:17:00 PM
Many people sell their coins, that's why we experienced bitcoin price declined most of the time. Every spike of btc price, the price go down immediately and it's not within our control now. The whales always remained dominant on this market nowadays, and expecting the next waves cannot be predicted accurately. We can't give further analysis for this time, but for sure after the dip price another bounces will occur once rising price attracts more buyers.

 It's totally true that the whales can change the price in a heart beat, but there are some noticeable trends that have occurred. Check this one out about a consolidation leading into a symmetrical triangle:
https://www.tradingview.com/chart/BTCUSD/4B6tnd8v-BITCOIN-Getting-ready-to-break-in-either-direction/
And this one about potentially a new trend forming:
https://www.tradingview.com/chart/BTCUSD/swA4hY5o-BITCOIN-New-Upward-Trend-Forming-Could-We-Hit-12-000-Again/
30  Economy / Trading Discussion / Re: Crypto Bull Run!!! on: August 10, 2019, 04:14:49 PM
Here is the quick Monfex market analysis update.



Trend analysis
The price is starting to consolidate near the $11,800 mark. Reaching higher lows and lower highs, this may indicate a break out in either direction. Volatility is decreasing and the RSI is showing downward momentum.

The fast EMA (200) is starting to make a sideways move, but still showing momentum for Bitcoin .

The current trend broke below the bottom trend line of the trend that was established on July 30. This is could mean it is forming a new trend, but with the aforementioned factors taken into account, we could see some heavy movement in either direction.

What To Watch
Watch for a break above $12,100. If this happens, we could see some good momentum upwards. If the price falls below $11,500 we could see a new downward trend headed to the nearest support of $11,100.

31  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 10, 2019, 04:12:32 PM
Here is the quick Monfex market analysis update.



Trend analysis
The price is starting to consolidate near the $11,800 mark. Reaching higher lows and lower highs, this may indicate a break out in either direction. Volatility is decreasing and the RSI is showing downward momentum.

The fast EMA (200) is starting to make a sideways move, but still showing momentum for Bitcoin .

The current trend broke below the bottom trend line of the trend that was established on July 30. This is could mean it is forming a new trend, but with the aforementioned factors taken into account, we could see some heavy movement in either direction.

What To Watch
Watch for a break above $12,100. If this happens, we could see some good momentum upwards. If the price falls below $11,500 we could see a new downward trend headed to the nearest support of $11,100.

32  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 08, 2019, 11:52:31 AM
Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.

But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.



That resistance level does look strong. If Bitcoin can continue to break past 12k and hover around 14k, I wouldn't worry too much about this trend you listed. But great catch!
33  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 08, 2019, 11:51:51 AM
Bitcoin prices are down and downs and downs in the world of cryptocurrency bitcoin is also one of the biggest coins every year there must be a significant movement, right now the price of bitcoin is down does not mean the end of the price in the future,I am very sure that bitcoin is one of the biggest digital currencies in the world, so the revival will soon come back to life to the most amazing position, we just wait for the process

Bitcoin is definitely not dead. Since this trade war, Bitcoin has gained the most due to investors using Bitcoin as a safe-haven asset. I do believe Bitcoin is the future. Patience is the key though.
34  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 08, 2019, 11:51:17 AM
By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already. Usually when its weekends the price of Bitcoin tends to go down but at current price, it might not go below $9,500 again till Monday or Tuesday so if you bought at $9,500 last July 28, your profits is still safe I think.
 
Currently Bitcoin is still the only coin to get the best stability during the past time. The value of Bitcoin changes every second and every person's investment decision can determine the price of Bitcoin in this market. I think with the recent large price increase this market is ready for new development and I believe Bitcoin and all altcoin will soon increase prices together during this time period.

Great point. Especially with this trade war looming, it is a great time for Bitcoin to shine. It seems that investors are using Bitcoin as a safe-haven asset. Any news is good news for Bitcoin it seems.
35  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 07, 2019, 12:32:43 PM
Hello dear traders! We would like to introduce you our new trading idea!

Bitcoin is on a considerable run headed towards the next resistance mark of $13,000. The fast EMA (200) shows a bullish price crossover, and now the fast EMA (200) is below the current price, which indicates upward momentum. The volume is increasing but the RSI shows that the price is well into the overbought range.

With the price getting rejected hard at the $12,000 mark and now showing a long candle wick on the 4hr chart, we can expect a bit of a pullback.
The closest established support level is at $11,000 so expect a dip into this range. If the pullback reaches this level, consider a BUY at $11,000 and a TAKE-PROFIT at $12,500. The STOP-LOSS should be set at $10,500.

Active Trade Signal:


- Buy at $11,000
- Stop-loss at $10,500
- Take-profit at $12,500
- Forecasted P&L: $3,000 per 0.1 lot with 20x leverage on Monfex Exchange
- Risk/reward ratio: 1:3 (very attractive)

To your Trading Success!
36  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 05, 2019, 11:31:35 AM
You don't need to increase the font size. Increasing the font size won't give you merits or do you any good if that's what you are hoping. In fact it's more like a disturbance to the eyes.

Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Dropping the price will just create a FUD in the market and people will start to panic. I believe bitcoin has far more reasons to increase in price than going downwards.

You're right about the price increase. It is headed steadily up. I am expecting a bit of a pullback into the $11,000 range, and then it will increase again. It is well overbought right now and there was a strong rejection at $11,900. But the overall long term trend looks very nice. Up up and away!
37  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 02, 2019, 01:40:21 PM
The current decline in the price of bitcoin is a technical way to further tighten investors into it,bitcoin every year there must be a very significant turnaround very quickly,Seeing the bitcoin rate from the beginning of the year has begun to crawl up over time,We just wait for the process to come
Patience is the key. I am very bullish on the long term outlook of Bitcoin.
38  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 02, 2019, 01:38:50 PM
By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already. Usually when its weekends the price of Bitcoin tends to go down but at current price, it might not go below $9,500 again till Monday or Tuesday so if you bought at $9,500 last July 28, your profits is still safe I think.
 

I agree, those are some really good gains. Bitcoin has some good momentum now with the RSI recording higher lows, and the fast EMA(200) on the 4h currently moving under the price. The volume is just not there though. Hopefully some volume can back this moment and we could really be going places.
39  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 02, 2019, 01:38:14 PM
Bitcoin is sure to grow in price, do not worry about it. Price reduction is a natural phenomenon. Each crypto has certain periods of growth and fall. When the correction is over we will see growth again.

 I am very bullish on Bitcoin, and I can see it going back up to the 20k mark, but over the short term it is not looking too attractive.
40  Economy / Trading Discussion / Re: Why Bitcoin is Declining? And What’s Next? on: August 02, 2019, 01:36:44 PM
In my view, bitcoin is not declining but gaining more power to break the resistances around $13,800 levels. We cannot expect any market to keep on rising up or falling down and this is what exactly happening since the bulls were back into the business. Already investors got back their faith on bitcoins investments hence we may expect another rally of bulls which may last up to $17,900 levels in this August.

Some governments are on verge of regulating cryptos and when that would be just a regulation rather than banning, I guess we may witness another big leap in crypto markets which might be led by bitcoin prices.

The great news coming in about Bitcoin will definitely affect the price, but the volume just doesn't seem to be there. It is struggling right now to break the resistance levels as we can see.
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