Crucial month ahead: Bitcoin goes to 20k or 3k range

[noormcs5]

I'd actually wait until the months over before thinking of investing. I'd expect the current standoff to stay quite a bit since BTC jumped up by quite a bit from its initial price of around $7k a few days ago. It's a huge jump and would probably require a few days of it being steady there so i'd expect the price to go down below the average a few more times before jumping up again. I wouldn't even be surprised if BTC retraced itself once more in addition to the retrace it has done right now to $8.8k though the chances are a bit on the low side since it has stayed at that price for around 24h already. Still, it wouldn't go up past $9k in the next few days probably and instead spend time reinforcing itself.

The fomo of halving is creeping in. I think we all are waiting for little correction but maybe it will not come at this moment. Bitcoin is very bullish now and halving is just a week away. Bitcoin could pump more as we approach near the halving and then we may see another pull back right after the halving.

[RealMalatesta]

Isn't that the whole purpose, there is no trader in the whole world that constantly make profits without ever losing, everyone loses time to time and that is normal, a trader can't win them all. However as long as you make more profits than you lose, there is really nothing to worry about, the bigger the difference the better.

You can start with 1000 dollars, make it 1500 dollars and drop to 1200 dollars, that is still 200 dollar profit that you should be looking at, there is nothing wrong with the drop because in the end you still made a profit. Markets could be very very scary if you are new, however learning about getting out at the right time and getting in at the right time could change so much, a lot of people joined in at the 6k price of bitcoin for example, why? Because 4-5k was risky, and waiting even more would have been too late.

[Bossian]

bump


If we look at the the monthly candles since the beginning of Bitcoin, we can see the resistance is still there, it was not broken.

Draw a line from the all time high in December 2017, passing through June 2019, February 2020 and May 2020, we have not inverted the trend yet.

When you draw the line, it is better to ignore the wig of the candles, more relevant to consider only the body of the candles.





Trend still bearish to me.

I can sense 7k is coming soon. And probably below that later.

[wozzek23]

I love it whenever I see this topic . Seeing this huge marginal difference, like its going to be 3k range OR 20k!! Look at the freaking difference . Of course they are possible in the bitcoin world and that is why I love it so much.

One more thing, this new chart may look a bit bearish, but I am full on warning everyone, whenever the chart looks obvious to one direction there was always an unexpected thing that changed the price right at the opposite and I am fearing something may actually happen 180 degree to upwards, I mean that would be great because I have bitcoin but these unexpected moves usually scare people off and have a big downfall correction so let the charts fix before we go up and that way everyone will be on board, that would be better.