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Author Topic: Where will this fluctuation end ?  (Read 2258 times)
karanggatak
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November 10, 2019, 05:29:09 AM
 #101

of course bitcoin price fluctuations will never end. because since the beginning bitcoin was created indeed has a high volatility. and right now if bitcoin fluctuations are low maybe the best attitude we do is wait. I think the bitcoin market is correcting. and I'm sure after this bear market has passed and after defending two bitcoins can get to the moon again. bitcoin investment does require extra patience especially when we enter bitcoin at a bear market like now.

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November 10, 2019, 07:47:52 PM
 #102

Though Bitcoin price fluctuations will not end but I hope its price will remain strong in a price zone like 10-12K USD, or 20-25K USD with the time! Nothing can stop BTC's price fluctuation, as it is a decentralized asset! So, we just can desire to see Bitcoin at a higher price! Though its price is below 10K USD, but I hope it will overcome 10K and will remain strong there.

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November 10, 2019, 07:50:26 PM
 #103

Though Bitcoin price fluctuations will not end but I hope its price will remain strong in a price zone like 10-12K USD, or 20-25K USD with the time! Nothing can stop BTC's price fluctuation, as it is a decentralized asset! So, we just can desire to see Bitcoin at a higher price!

Everyones talking about these 200day moving averages etc. but it seems like we're slicing through them like butter recently. The middle bband on the weekly chart is all I'm looking at. Historically when we pierce below this line we're in bear-market mode and have a real hard time breaking above it. This looks to be no different. There was an attempt at breaking above it on our pump to 10.5k but we can safely say that was rejected quite heavily.

I don't want to sound all doom and gloom but I can see that middle bband acting as resistance for the foreseeable future. Best case scenario we paint an ascending triangle pattern with a break of the bband around Jan 2020, similar to our 3k recovery.
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November 15, 2019, 08:25:41 PM
 #104

The fluctuation will actually end, though that would be later in future when the mining of bitcoin has really decrease because the more the supply of bitcoin comes close to coming to an end, the more that the fluctuation in bitcoin will reduce.

This is the reason some experts believe that one day, the value of bitcoin will become stable after the last coin has been mined as it would have grown in value so much that the price will be so expensive to even buy for any whale to any market player to be able to use it to manipulate the market, but for now, I think that the market is still going to be subject to lots of fluctuation which is going to really be a blessing in disguise because it is through this fluctuation that we can make money from trading it.
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November 15, 2019, 10:24:17 PM
 #105

Though Bitcoin price fluctuations will not end but I hope its price will remain strong in a price zone like 10-12K USD, or 20-25K USD with the time! Nothing can stop BTC's price fluctuation, as it is a decentralized asset! So, we just can desire to see Bitcoin at a higher price!

Everyones talking about these 200day moving averages etc. but it seems like we're slicing through them like butter recently. The middle bband on the weekly chart is all I'm looking at. Historically when we pierce below this line we're in bear-market mode and have a real hard time breaking above it. This looks to be no different. There was an attempt at breaking above it on our pump to 10.5k but we can safely say that was rejected quite heavily.

I don't want to sound all doom and gloom but I can see that middle bband acting as resistance for the foreseeable future. Best case scenario we paint an ascending triangle pattern with a break of the bband around Jan 2020, similar to our 3k recovery.
As long as your predictions are based on facts then no one can say to you that you are being negative about the prospects of the market, I also believe the market will probably not recover as many members are expecting and we will see a slow decrease in the price of bitcoin and most cryptocurrencies, this is not really popular since everyone always want the market to go up but this can be a great opportunity to buy bitcoin for a good price before the halving.
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November 15, 2019, 10:31:07 PM
 #106

Well, if I had cristal ball I could answered that question. It's hard to tell how the price will behave and how the market will react. To my opinion this fluctuation will continue until the end of the year and I don't expect to see some significant changes compared to current situation.
Fluctuation would never end and if it does then people would switch up to other things which are volatile knowing that we do make money out of these movements and if its gone nor become stable then this wont be different with fiat.

Don't hope for fluctuation ending as long theres buyers and sellers there would always be a movement but there are really times which intensity of movements aren't really that
high and that's the time we should refrain on doing active trades on a sideways market.

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