Nights Watch by Afrikoin

[Afrikoin]

[1713506729]

1713506729

[1713506729]

1713506729

[1713506729]

1713506729

[Afrikoin]

[Afrikoin]

Bitcoin Technical Analysis - 12

World Crypto Network

https://www.youtube.com/watch?v=oKKKvXgHPC8

[Afrikoin]

by klee

[Afrikoin]

from Greencheckmark on r/bitcoinmarkets

[Afrikoin]

By daretobear on /r/BitcoinMarkets



If you take a look at the order books, it seems likely whales have set us up for this drop to absorb cheap coins and panic sellers. The next run is going to induce some panic, as we may easily reach $240, $250 and maybe $260 if enough buyers jump in. The order books are thin on the sell side, so when price moves up it will be dramatic. But again, I have no idea. It does seem that when price falls, coins sell into stronger hands over time.

    Bullish for the next 2-3 weeks
    Bearish after 4-7 weeks, uncertain after
    Bullish after halving obviously

Everybody seems to be picking on the $25-75 range. The conditions for this would have to be just right, and lays on the extreme end of panic whereas $50-100 seems much more reasonable. The right set of circumstances have to be in place for this to materialize. We have to see how the next few weeks go with US / world economic conditions, money velocity of USD and also the world or market events that may unfold. Bitcoin price is highly uncertain at the moment. It's entirely possible BTC could be ramping up for the several thousand dollar run, seeing that order books on the sell (supply) side are so thin. Any significant buy orders can push the price up quickly currently.

Considering volume and order books. Price looks highly manipulated at the moment. Be safe out there traders.

[Afrikoin]

from Greencheckmark on r/bitcoinmarkets

[img]https://i.imgur.com/Mj3u1qO.png?1

I'm dubious of obvious chart patterns. like the cup and handle that the whole market was waiting for a month and a half ago.

[Afrikoin]

[Afrikoin]

chewtoy on /r/BitcoinMArkets

I agree with you on a lot of those points, but the truth is that the market is not at all serious and reasonable and is ABSOLUTELY FUD driven on short time frames.

It's easy to step back and say, "Why are you idiots selling at $227? There's a good chance that Bitcoin will be back to $1,000+ levels within two years." But when you look at the here and now and the price drops from $240 to $227 and you've got the drop from $260 to $200 from a few weeks ago in the back of your mind, it's pretty easy to see why folks might not be too keen on holding.

Technicals and fundamentals are important, but a lot of traders forget that (at the end of the day) the market is ultimately made up of PEOPLE who get scared and dump or FOMO and buy at irrational price points.

[Afrikoin]

[Afrikoin]

[Afrikoin]

[Afrikoin]

Bitcoin will be mainstream the day this form of referencing changes

[Fakhoury]

Bitcoin will be mainstream the day this form of referencing changes

Did they mention an time frame in the article ?

I guess in a decade, IoT will be here.

[klee]

Support at 205$ ?

[klee]

Support at 205$ ?

Bullish support 204-208$:

[Afrikoin]

Bitcoin will be mainstream the day this form of referencing changes

[img]https://i.imgur.com/5eHO8Vq.jpg?

Did they mention an time frame in the article ?

I guess in a decade, IoT will be here.

Look at the red rectangles. What difference do you see?

[Fakhoury]

Bitcoin will be mainstream the day this form of referencing changes

[img]https://i.imgur.com/5eHO8Vq.jpg?

Did they mention an time frame in the article ?

I guess in a decade, IoT will be here.

Look at the red rectangles. What difference do you see?

I don't get it !! IBM ??!!

[Afrikoin]

Support at 205$ ?

Bullish support 204-208$:

[img]https://www.tradingview.com/x/GUDQMVqB/

With you on bullish call. $240 - $250

Not sure how low we go for a bounce.

[Afrikoin]

Bitcoin will be mainstream the day this form of referencing changes

[img]https://i.imgur.com/5eHO8Vq.jpg?

Did they mention an time frame in the article ?

I guess in a decade, IoT will be here.

Look at the red rectangles. What difference do you see?

I don't get it !! IBM ??!!

IBM is a stock, tracked daily and price quoted daily as above.

Notice the same doesn't apply to Bitcoin as per above

Once mainstream begins tracking BTC prices officially, i'd expect its price to be quoted in articles as IBM above