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rumexx
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September 10, 2018, 12:06:41 PM
 #21

Bitcoin price as at the ending of August and few days of September was showing a good case of price upward movements and it was noted that MACD has crossed the zero datum line for the first time since this year. It was a welcome development as we were expecting $8K as our next destination. I tend to believe your positions as the September date with ETF and SEC is at hand already and if SEC postpone the admission of ETF again then the support at $6k may be broken land crashing bitcoin to sub $5k
frowsiter
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September 10, 2018, 12:45:56 PM
 #22

Don't know why we are bothering with all the price analysis and market analysis. I mean these things are too complicated to get predicted in the crypto world as you know. Things are not the same as they might have been for the last minute and upto that level the crypto is changing. This makes things very much unpredictable here. I have seen many experts giving out advices over it and then eventually when the time comes the crypto analysis would have gotten failed already. This is how crypto is interacting with the market so it'd literally vain to predict anything right now.
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September 10, 2018, 06:42:01 PM
 #23

Don't know why we are bothering with all the price analysis and market analysis. I mean these things are too complicated to get predicted in the crypto world as you know. Things are not the same as they might have been for the last minute and upto that level the crypto is changing. This makes things very much unpredictable here. I have seen many experts giving out advices over it and then eventually when the time comes the crypto analysis would have gotten failed already. This is how crypto is interacting with the market so it'd literally vain to predict anything right now.

Yeah more often than not, predictions are way off target. Though at times, reading charts can be helpful in guiding you at least to where the price is going, but not showing you where it'll arrive at. It's really to random.

 
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eaglewhite80
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September 10, 2018, 06:55:47 PM
 #24

As long as market tends to move faster to the downside than going up, it is obvious the bears are still in this market hugely and price rejection at certain resistance is always going to be rapid. We recently erased about 2 weeks gain within few hours. That to me is something!
maxreish
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September 11, 2018, 06:43:43 AM
 #25

Yeah, you have a good explanation and insight about trend lines, markets and everything. I can sense too, that the correction will be happen soon like for a week or two. As long as big investors or whales will not do some actions to alter the market. Let us just hope that the bull run will  come soon.
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September 11, 2018, 07:15:12 AM
 #26

The reality of the market analysis relay on the technical and fundamentals analysis which we used there indicators to understand the direction the market is taking.  I think many people understand the market analysis just that they don't follow the rules of the indicators that is why we lose money in trading.
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September 11, 2018, 07:37:33 AM
 #27

Never use the current market trend chart to compare with the past trend chart. This is the wrong judgment. Those whales are hoping to see such a result!
NRista94 (OP)
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September 11, 2018, 12:34:06 PM
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 #28

Don't know why we are bothering with all the price analysis and market analysis. I mean these things are too complicated to get predicted in the crypto world as you know. Things are not the same as they might have been for the last minute and upto that level the crypto is changing. This makes things very much unpredictable here. I have seen many experts giving out advices over it and then eventually when the time comes the crypto analysis would have gotten failed already. This is how crypto is interacting with the market so it'd literally vain to predict anything right now.

Well, we can all share our opinions and discuss the current situation in order to get a better view of it, two minds are always smarter than one.
I'm always eager to see someone else's thoughts, and learn something from that
NRista94 (OP)
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September 11, 2018, 03:00:11 PM
 #29

The reality of the market analysis relay on the technical and fundamentals analysis which we used there indicators to understand the direction the market is taking.  I think many people understand the market analysis just that they don't follow the rules of the indicators that is why we lose money in trading.

Many people understand them - Yes, But i think even more people don't understand them, in order for one person to have profits another person has to lose some funds, that's how the market goes for now. There is still a lot of stages crypto has to pass in order to get addopted and when people won't have to change their crypto into RL cash, till then we are going to watch the bear vs bull game.
nicolas1979
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September 11, 2018, 03:33:27 PM
 #30

Bitcoin’s recent movements have given numerous traders hope that this bear market might be over, but there is a reason to believe this might not be the case. With the steep rises which Bitcoin has been engaging in, it is fair to suggest that it will soon be met with a resistance strong enough to cause a full rejection of price, which has been proven with yesterdays dump, but will the price drop even more?

Note that during August, Bitcoin (and other cryptocurrencies) formed an ascending triangle, and while this is generally good activity, the way that September is shaping up suggests that a major fall is about to happen. The positive actions of September are looking like a last minute dash at trying to push Bitcoin into the $8000 range, which sadly, seems unlikely. If resistance toward Bitcoin’s price is strong, it could trigger an ABC correction, leading us into a significant and prolonged fall. Resistance could even be enough to push it down to $5000 or lower, and could therefore temporarily collapse the market.

Sticking directly to the trend line does seem to show a sharp decline is imminent. The historical data reveals that Bitcoin’s current position is extremely similar to its position in 2015, where BTC stuck religiously to its trend line. Bitcoin is also known to stick closer to its trend lines than rivals such as Ethereum, and at the moment the trend lines are not looking good. Bitcoin has always been susceptible to large-scale corrections, less so than most altcoins, but more so than most stocks and other assets.

It is not clear when exactly the correction will take place, but a fair suggestion would be that it could happen within the next seven days.



You have very good analysis but I'm afraid like we do every day, analysis is only prediction. Right or wrong no one knows but at least we have sign to do something, better for everyone. Until now many people only have psychology ( faith ) that bitcoin will rise again and from there they keep standing. In this situation you should see market reality and cut loss from every activity is better than everyday make analysis. I only follow my strategy and before bitcoin get more lower I can't buy, still waiting.

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NRista94 (OP)
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September 11, 2018, 04:53:02 PM
 #31

Never use the current market trend chart to compare with the past trend chart. This is the wrong judgment. Those whales are hoping to see such a result!

I will have that in mind, but what other options do we have, to what can we compare the current situation. All "predictions" have to have a comparison to something, it can still give us some kind of overview of the situation that might come, and make us think more deeply why did it came last time and will it come again.
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September 11, 2018, 04:55:42 PM
 #32

I am actively trading on Bitcoin and watching every move it makes and I do believe we will have a retrace to $5k range before going back up for a new ATH! The bears have dominated the bulls for several months now, almost 1 year so I think that is enough accumulation for big dogs. Moreover, adoption is increasing at an incredible rate so I'm confident that the price will follow soon.
NRista94 (OP)
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September 11, 2018, 05:04:26 PM
 #33

Bitcoin’s recent movements have given numerous traders hope that this bear market might be over, but there is a reason to believe this might not be the case. With the steep rises which Bitcoin has been engaging in, it is fair to suggest that it will soon be met with a resistance strong enough to cause a full rejection of price, which has been proven with yesterdays dump, but will the price drop even more?

Note that during August, Bitcoin (and other cryptocurrencies) formed an ascending triangle, and while this is generally good activity, the way that September is shaping up suggests that a major fall is about to happen. The positive actions of September are looking like a last minute dash at trying to push Bitcoin into the $8000 range, which sadly, seems unlikely. If resistance toward Bitcoin’s price is strong, it could trigger an ABC correction, leading us into a significant and prolonged fall. Resistance could even be enough to push it down to $5000 or lower, and could therefore temporarily collapse the market.

Sticking directly to the trend line does seem to show a sharp decline is imminent. The historical data reveals that Bitcoin’s current position is extremely similar to its position in 2015, where BTC stuck religiously to its trend line. Bitcoin is also known to stick closer to its trend lines than rivals such as Ethereum, and at the moment the trend lines are not looking good. Bitcoin has always been susceptible to large-scale corrections, less so than most altcoins, but more so than most stocks and other assets.

It is not clear when exactly the correction will take place, but a fair suggestion would be that it could happen within the next seven days.



You have very good analysis but I'm afraid like we do every day, analysis is only prediction. Right or wrong no one knows but at least we have sign to do something, better for everyone. Until now many people only have psychology ( faith ) that bitcoin will rise again and from there they keep standing. In this situation you should see market reality and cut loss from every activity is better than everyday make analysis. I only follow my strategy and before bitcoin get more lower I can't buy, still waiting.

I agree that every analysis is just a prediction, but with more positive predictions from different people, there is a higher chance that the market goes up. As i said in a reply above two minds are smarter than one, we share our knowledge and our view of the situation in order to have a cleaner view and gather some profits. Every trader trades for himself and has to do his own math in order to make profits.
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