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Author Topic: Short term high target reached  (Read 1934 times)
n691309
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June 22, 2016, 12:10:17 PM
 #21

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.
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June 22, 2016, 12:42:20 PM
 #22

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.
It seems to me that if Friday did not hit $ 580, has a chance for another move toward $ 960 - $ 1,200. Much depends on how the markets will be affected by the news concerning Brexit.
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June 22, 2016, 01:00:49 PM
 #23

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.

Now the price of BTC shows inverse correlation to ETH. After the recent black hat DAO attack done by last Friday, BTC prices doesn't effected much and even increased in price for a while. Yesterday counter-attack held by white hats (mostly Robin group) gave negative effect on BTC and selling pressure. It could be a reason attacker hold many BTC and shorted ETH and long the BTC. So now ETH/BTC charts become so important. Anyway, I guess BTC entered in a channel of 500 to 700 usd.

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June 22, 2016, 01:28:16 PM
 #24

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.
It seems to me that if Friday did not hit $ 580, has a chance for another move toward $ 960 - $ 1,200. Much depends on how the markets will be affected by the news concerning Brexit.
Hm.im also waiting for that to happen but above $1000 now seems impossible to reach by the end of halving maybe $900 closer is good to be.


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June 23, 2016, 05:46:13 AM
 #25

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.
It seems to me that if Friday did not hit $ 580, has a chance for another move toward $ 960 - $ 1,200. Much depends on how the markets will be affected by the news concerning Brexit.
Hm.im also waiting for that to happen but above $1000 now seems impossible to reach by the end of halving maybe $900 closer is good to be.
as long as we are above $470 it will be ok. After halving anyway it will explode to the upside. However it takes at least 6 months for this big upside move. Sidelines and maybe slightly below 470 could be possible and should be counted as a buy opportunity.

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June 23, 2016, 07:58:20 AM
 #26

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.
It seems to me that if Friday did not hit $ 580, has a chance for another move toward $ 960 - $ 1,200. Much depends on how the markets will be affected by the news concerning Brexit.
Hm.im also waiting for that to happen but above $1000 now seems impossible to reach by the end of halving maybe $900 closer is good to be.
as long as we are above $470 it will be ok. After halving anyway it will explode to the upside. However it takes at least 6 months for this big upside move. Sidelines and maybe slightly below 470 could be possible and should be counted as a buy opportunity.
It cannot be determine with months because bitcoin is so surprising that even it goes skyrocket in the past days and now it is beginning to go down again. With the halving, the price is expected to rise again and this is only made for people to panic and sell their coins to make them regret in the end.

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June 23, 2016, 04:37:42 PM
 #27

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.
Yes and I think long term investment is the best thing to do at the moment, we will never know what is going to happen after the halving. The masses are selling their bitcoin because they want to harvest in volatile changes. However that is not the right decision or may it is the right thing to do.
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June 23, 2016, 09:38:45 PM
 #28

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.
Yes and I think long term investment is the best thing to do at the moment, we will never know what is going to happen after the halving. The masses are selling their bitcoin because they want to harvest in volatile changes. However that is not the right decision or may it is the right thing to do.
Success in trading, as in other high-performance tasks, requires the ability to master your fears and other emotional and behavioral responses to stress so that you can develop workable processes for profitable results in the face of the uncertainty, change, and complexity of the markets.

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June 23, 2016, 09:58:31 PM
 #29

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

i expect the halving will still have the largest impact after the halving.

not immediatly after the halving, but a few months later.

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June 23, 2016, 10:36:40 PM
 #30

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

I am discouraged by the rolling down of bitcoin price. I hoarded some of my bitcoins thats left in my wallet after withdrawing some. I am leaving a significant amount for the hoarding. But this morning when I opened my wallet the value goes down. I hope it will not go down anymore. If it does then all I have done has gone to waste.
If you are too afraid to lose, you shouldn't be trading. You could try the bitfinex swap tool. From what I understood it uses your deposit as leverage for other people and pays you a small interest each day. The profits are small, but it's safe.



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June 23, 2016, 11:09:23 PM
 #31

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

i expect the halving will still have the largest impact after the halving.

not immediatly after the halving, but a few months later.


I think it is like that. I'm sure halving will give a nice effect for prices in bitcoin. I think the price decline bitcoin now is the right time to buy. yeah this is a good short-term profits
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June 24, 2016, 04:56:50 AM
 #32

That is true, with current price now those who invested a month before have already enjoyed a great profit now. This really great for the risk takers as the halving effect is really happening.

i expect the halving will still have the largest impact after the halving.

not immediatly after the halving, but a few months later.


I think it is like that. I'm sure halving will give a nice effect for prices in bitcoin. I think the price decline bitcoin now is the right time to buy. yeah this is a good short-term profits
The decline is not that big and the price is now starting to go up, I hope it will continue in the succeeding days and for those who wants to earn in short time, this the time to buy before the price will pump again.

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michnelli6
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June 24, 2016, 05:21:32 AM
 #33

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.
It seems to me that if Friday did not hit $ 580, has a chance for another move toward $ 960 - $ 1,200. Much depends on how the markets will be affected by the news concerning Brexit.
Hm.im also waiting for that to happen but above $1000 now seems impossible to reach by the end of halving maybe $900 closer is good to be.
as long as we are above $470 it will be ok. After halving anyway it will explode to the upside. However it takes at least 6 months for this big upside move. Sidelines and maybe slightly below 470 could be possible and should be counted as a buy opportunity.
$470 seems high enough but if it's going to be lower than that, I don't know what will happen in the volatile system of bitcoin. Such unpredictable scenario is happening right now, but I guess it is the good time to buy bitcoin at the moment.
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June 24, 2016, 07:48:00 AM
 #34

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.
It seems to me that if Friday did not hit $ 580, has a chance for another move toward $ 960 - $ 1,200. Much depends on how the markets will be affected by the news concerning Brexit.
Hm.im also waiting for that to happen but above $1000 now seems impossible to reach by the end of halving maybe $900 closer is good to be.
as long as we are above $470 it will be ok. After halving anyway it will explode to the upside. However it takes at least 6 months for this big upside move. Sidelines and maybe slightly below 470 could be possible and should be counted as a buy opportunity.
$470 seems high enough but if it's going to be lower than that, I don't know what will happen in the volatile system of bitcoin. Such unpredictable scenario is happening right now, but I guess it is the good time to buy bitcoin at the moment.
Less fear will leave room for greater intuition.

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June 26, 2016, 12:42:19 PM
 #35

Short term high target for BTC reached. I'm expecting some selling pressure right now. Don't get me wrong. I'm forever bull on BTC. But now we've entered in a small selling wave in my count.

What comes fast goes fast, i think that bitcoin price was really pumped last weeks and it was really high (~190 USD) and now the price is getting back and maybe lower than $600. Maybe because of this selling pressure the price is getting lowered, actually now the price should be increased before the halving.
It seems to me that if Friday did not hit $ 580, has a chance for another move toward $ 960 - $ 1,200. Much depends on how the markets will be affected by the news concerning Brexit.
Hm.im also waiting for that to happen but above $1000 now seems impossible to reach by the end of halving maybe $900 closer is good to be.
as long as we are above $470 it will be ok. After halving anyway it will explode to the upside. However it takes at least 6 months for this big upside move. Sidelines and maybe slightly below 470 could be possible and should be counted as a buy opportunity.
$470 seems high enough but if it's going to be lower than that, I don't know what will happen in the volatile system of bitcoin. Such unpredictable scenario is happening right now, but I guess it is the good time to buy bitcoin at the moment.
Less fear will leave room for greater intuition.
Well, the current price right now is telling us to buy more bitcoins, this will be great when you believe that halving will bring the price to back up. There is no bad news about bitcoins in the community so the price will have a major improvement in the next few days.

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June 26, 2016, 01:07:56 PM
 #36

Each sell off for me is an opportunity to buy more bitcoin at better prices.  storing for the massive increase to come.
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June 26, 2016, 02:53:33 PM
 #37

Some people think that prices go up because more buyers exist than sellers. This is not true. The number of buyers and sellers is always equal. Every trade that takes place involves one buyer and one seller. At the end of the day, the volume represents the total number of BTC transacted; this is equal to the number of BTC bought and the number of BTC sold. The quantity of buyers versus sellers doesn’t drive the price; it’s the relative desperation of those buyers and sellers.

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June 26, 2016, 05:28:17 PM
 #38

Each sell off for me is an opportunity to buy more bitcoin at better prices.  storing for the massive increase to come.
Good luck with this strategy but i personally think this high volatility period is good for day trading buying and selling for profit in same day.

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June 29, 2016, 10:29:53 AM
 #39

Each sell off for me is an opportunity to buy more bitcoin at better prices.  storing for the massive increase to come.
Good luck with this strategy but i personally think this high volatility period is good for day trading buying and selling for profit in same day.
I agree with you. But it is not good to day trade if it was so stable like now. Waiting for another pump ill just hold my bitcoins tight.

the price right now isn't that stable. just look at the charts to get an idea. within 12 hours the price dropped from over $650 to $621 and went back up to nearly $640 and is now sitting at $633. if you know how to do day trading, you will make yourself a very nice profit. and btw, how the market is today, it has also been like this the last week. it goes up and down all the time.
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June 29, 2016, 12:30:35 PM
 #40

Each sell off for me is an opportunity to buy more bitcoin at better prices.  storing for the massive increase to come.
Good luck with this strategy but i personally think this high volatility period is good for day trading buying and selling for profit in same day.
I agree with you. But it is not good to day trade if it was so stable like now. Waiting for another pump ill just hold my bitcoins tight.
in my opinion thats the best thing to do at the moment as bitcoin price will start fluctuating a lot in the near future then there will be good chances to trade it

i myself just buy some bitcoins at the moment in order to be able to spend it in the future or just sell it for fiat and that would be it, hopefully i will make some money out of bitcoins

 
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