Bitcoin price reset

[franky1]

a reset is not 1-6%,, thats just called a dip

a reset/correction is if the price spiked 50%. the reset drops 50%

a rise from 11 to 37 to 48 to 61 would see a 61 to (30-20) as a reset.
                                               would see a 61 to (60-55) as a dip

[Caross]

This is not correct because if you notice bitcoin can reset its price at any point in time but when you look at the partan closely, you will always peek at market sign, once you follow that trend you will know bitcoin market don’t just reset at one’s but follows pattern this also help day-to-day traders.

[cryptomaniac_xxx]

This is not correct because if you notice bitcoin can reset its price at any point in time but when you look at the partan closely, you will always peek at market sign, once you follow that trend you will know bitcoin market don’t just reset at one’s but follows pattern this also help day-to-day traders.

One posts above you just say's it all, this is not a reset, just the usual dip and market correction then there will be a period of accumulation then bitcoin going to a new all time high. For day to day traders, doesn't make sense to short bitcoin as you will lose in the end. Much better to buy the dip and simply hold on it.

[LUCKMCFLY]

If you have been following events as it relates to bitcoin price  weekly analysis you will be familiar with the fact that bitcoin always reset it price on a weekly basis starting from Monday, and the direction the reset goes may greatly determine the price through out the week, take last week Monday 7th of march 2021 for instance bitcoin price was $48,980 and ended the week with  positive price gain of +0.91% and through out last week we saw how the price rose to an all time high of $61179.79 before dropping down again to $60,197.9 starting the new week Monday 15th march 2021 with a negative pull back of 6%- and at the time of making this post 16th March 2021 bitcoin price is $55,710.60. This have shown to a great extent how negativily the market have been this week.
In conclusion
Bitcoin all the time have a new weekly price reset mechanism which control the direction the price will go  either in a positive or negative directions.
What are your thoughts on this?

I think that is not the case, in 2019 I do not know if you remember it, but at the beginning of the year every weekend there was an important movement, usually they were in the "SHORTS" style, my conclusion was that a large whale lowered the price for to be able to buy Bitcoin very cheap, with the intention of snatching the bitcoin of the people who bought at $20k.

Every weekend the market moved, maybe now this is repeated with a whale, maybe it is the same but instead of being in the Bearish sense it is testing new price levels to test the offer.

It is necessary to emphasize that institutional investment is large at the moment, Microestrategy generated with the last Bitcoin bullish rally an increase of more than 4.7 of its net investment, if they decide to buy with half of the profits generated, the market may generate another new ATH for those massive purchases, just as ELON MUSK did not care that Tesla shares fell more than 50% and that his advisers have recommended him to sell his bitcoin to recover the position, he ignored, and now he is enjoying much more profit, if the market moves every week or every month, it is by action of the plan of these whales, it may be that everything is generated there.

[BrewMaster]

If you have been following events as it relates to bitcoin price  weekly analysis you will be familiar with the fact that bitcoin always reset it price on a weekly basis starting from Monday,

if you had looked at the charts for more than one or two weeks you would have been familiar with the fact that bitcoin does not follow any trends like this because bitcoin market is not a traditional market to open at the beginning of the week and close at weekends and it is also global!

and the direction the reset goes may greatly determine the price through out the week,

you are wrong again.
the direction depends only on the trend. on a bull trend the price tends to go up and it will jump up whenever it breaks the resistance. it can be on weekend, middle of the week or the start.

What are your thoughts on this?

you should always look at the chart as a whole not select a tiny portion of it to make a conclusion.

[tygeade]

Bitcoin all the time have a new weekly price reset mechanism which control the direction the price will go  either in a positive or negative directions.

It may be true or not but I just want to know how long you are following these so that you will conclude that every week is following that mechanism so that the direction of market is moving accordingly. I mean just noticing in 1 or 2 weeks will not be enough evidence to say that. You must have at least 20 to 50 such incidents so that you can conclude in more assured way.

I'm saying these because I'm not closely watching like you are mentioning. But there could be many hidden patterns are available in any market and only when we are analyzing in that way, we could notice them. And this is why I'm starting this comment like you may be true or not at the same time.

[Findingnemo]

It is simply a mere coincidence and also at the weekends the economical activity around the world is less due to holidays so people likely to play more with their crypto trading but if we take a look at the trends of bitcoin and any other crypto market we can't find any rational movements as your logic.

[doomloop]

It is simply a mere coincidence and also at the weekends the economical activity around the world is less due to holidays so people likely to play more with their crypto trading but if we take a look at the trends of bitcoin and any other crypto market we can't find any rational movements as your logic.

Yes, OP is talking about something which may happen time to time and there cannot be any assurance that will be happening all the times. Moreover, I guess OP is not properly explaining what he is spotting out. There should be multiple examples on different occasion should be presented so that people like me could understand what he's trying to state here. But, I also conclude this would be just a coincidence because we cannot expect market to be behaving similarly at all the times on weekly basis.

[Quidat]

It is simply a mere coincidence and also at the weekends the economical activity around the world is less due to holidays so people likely to play more with their crypto trading but if we take a look at the trends of bitcoin and any other crypto market we can't find any rational movements as your logic.

We do have lots of threads in related to this scenario about weekly behavior which some do really rely into these kind of movements on week to week basis but i agree that these things
are totally just coincidence and wont be precisely be moving the same on week to week manner which means neither you can take these steps or not but doesnt guarantee
any precise movement.If it does then you are lucky but if not then you would be ending up holding.So it do really varies on market condition or activity.
The community do engage on random manner on different days of the week.

[Findingnemo]

we cannot expect market to be behaving similarly at all the times on weekly basis.

If bitcoin did such things then it may not growth to this high, the high unpredictability and volatility made the prices to the moon and now bitcoin can't be influenced even by the celebrities that is why they target the DOGE.

"DOGE is barking at the moon"