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Author Topic: The beginning of another bullish momentum!  (Read 896 times)
Idrisu (OP)
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September 18, 2017, 03:01:17 PM
 #1

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.
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September 18, 2017, 03:46:58 PM
 #2

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.
They are really now enjoying those profits and yes it did really break out the resistance on 4k price but it would be more a good thing if it would really break the 4200 resistance basing on the technical analysis if you do see the chart.I cant be sure if this would be the starting of bullish momentum thinking off that China news isnt over yet and do still happen on this end of the month and we should not forget about that.

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September 18, 2017, 04:09:48 PM
 #3

Just checked and God I am so relieved to see the 4 at the start of the four digit number.  Grin
This is now another start to break the new limit. To where it could be we dont know but I am positive it will go the way we want it to as long as we support it. Long live bitcoin!

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September 18, 2017, 04:42:54 PM
 #4

Just checked and God I am so relieved to see the 4 at the start of the four digit number.  Grin
This is now another start to break the new limit. To where it could be we dont know but I am positive it will go the way we want it to as long as we support it. Long live bitcoin!
If theres support then expect prices would really go up high but tendency to decrease down again on its price is always there and just being said above the closure of exchanges hasnt been completed yet which means there still would happen on this month this is why i do sold up my coin when it hit now on 4100 price because i did buy on 3k price which is a secured profit of 1k usd.Not bad afterall.

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September 18, 2017, 05:47:05 PM
 #5

Nah, I'm not sure if we've indeed left the bearish phase. Market capitalization of crypto as a whole has increased from around $120 billion yesterday to $135 billion at this moment. Quite significant but I'd like to see the market cap cross the $150 billion barrier to be actually convinced we're on the way up again.
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September 18, 2017, 05:56:48 PM
 #6

It have a good run today. But it still does not guarantee that we already entered a bull run. Let us see in the next days if it will continue the uptrend or not.
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September 18, 2017, 06:03:05 PM
 #7

It have a good run today. But it still does not guarantee that we already entered a bull run. Let us see in the next days if it will continue the uptrend or not.

Earlier market broke on Chinese Media report about ban on ICO and exchanges.
Then second fall came when JP Morgan head criticized Bitcoin and Bobby Lee declared closing of BTCC.
But now market revived from these negatives. So we can for now believe that market is back to ride on bull again as there is none red light ahead. We had amazing August where Bitcoin jumped by 250%, September could be great too. Especially if someone aiming at high profits, I would personally recommend Ethereum over Bitcoin. Ethereum gonna rock in next 10 days.
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September 18, 2017, 07:54:11 PM
 #8

After the struggles over the last week the market seems to be recovering from the negative news and the surrounding confusion. This is not however to say that we will go back to a bullish run. There is still some uncertainty around what will happen and I think until this is cleared up the markets will perhaps be a bit stagnant.

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September 18, 2017, 08:18:08 PM
 #9

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.

Breaking through USD 4k,- was indeed like a breath of fresh air. And that sooner than expected.

However I think we're far from in the clear yet, I'm pretty sure we still have at least one dump ahead. Unless BTC manages to stay above USD 4k,- for a couple of days I doubt that we're yet ready for further upward attacks. In other words, the momentum is not quite there yet, BTC is still struggling to stay above USD 3.5k,-.

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September 19, 2017, 02:40:56 AM
 #10

The bullish moment Bitcoin is going through right now was known by every single person out there as everybody knows that Bitcoin recovers its price very quickly than any other coin or asset. I am really happy to see it hit the $4000 target and would be much happier if it breaks the $4200 resistance. Once it crosses $4200 it will soon cross $4500 and hit the $5000 target. But i don't think that will happen any time soon knowing that ETH hard fork is going to take place at the end of this month. Chances are there that people will start selling their BTC to buy ETH and take out the profits. In that case there will be a significant dip in the price of BTC.

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September 19, 2017, 04:32:13 AM
 #11

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.

For many days, Bitcoin was the subject of a massacre and bloodbath...all because of the deluge of many bad news coming from China but after some days the potency of the China Effect got winded up and so we are now back in the action. People who did buy when the Bitcoin dipped are the lucky ones. As they say, every dip is an opportunity to buy cheap...this has been the mantra of Bitcoin holders ever since and they know when to make a profit and when to buy more.

Bitcoin is now considered to be a very resilient digital currency and while many people are telling us that it can just be another bubble that can pop anytime, Bitcoin kept on making a comeback every time there can be a slump. The future is definitely so bright for Bitcoin and though there will always be humps, there is nothing that can stop it except if all the governments in the whole world would unite and decide to stop it...which is impossible because as humans as we are getting united is definitely having a zero chance.
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September 19, 2017, 04:59:58 AM
 #12

The bullish moment Bitcoin is going through right now was known by every single person out there as everybody knows that Bitcoin recovers its price very quickly than any other coin or asset. I am really happy to see it hit the $4000 target and would be much happier if it breaks the $4200 resistance. Once it crosses $4200 it will soon cross $4500 and hit the $5000 target. But i don't think that will happen any time soon knowing that ETH hard fork is going to take place at the end of this month. Chances are there that people will start selling their BTC to buy ETH and take out the profits. In that case there will be a significant dip in the price of BTC.
If ETH really do the fork and switch to PoS might be a something big, but not going to affect that much for bitcoin users. bitcoin still the base for many altcoins including ETH and it's inarguable.
in the coming days, ETH will probably rising up this month and reach new ATH after hardfork because people and miners will forcefully buying ETH if they want to stake their address but BTC still #1 and will alway be.

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September 19, 2017, 05:18:45 AM
 #13

I am worryingg sbout china impact for the trading closure,
I think Chinese may sell as
Much as they can, it s scary that another drop may be occured
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September 19, 2017, 05:36:35 AM
 #14

Bear or bull all depends on bitcoins rise or fall. Hoping the day will come that altcoins would not be dependent on bitcoin regarding market value. Since as of now majority of countries does not have direct access to them (always goes through bitcoin exchange).
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September 19, 2017, 05:49:38 AM
 #15

I sure do hope so it is turning to another bullish movement, but it still depends on the news though. Just my own personal opinion, based on the news about China it pulled down the price of bitcoin and after the two weeks of bad news it slowly climbed back up and even reached at $4000 back.
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September 19, 2017, 07:15:46 AM
 #16

I do also believe the bearish market is over and we have resume bullish momentum! Bitcoin will ever put all it enemy to shame and I don't think combined a political and elite force can defeat the freedom and decentralized system bitcoin come to create. We should hope that this time around we break $5000 level of resistance as many has speculated here that bitcoin will get to $10,000 before end of this year. We should also hope that the temporary one and we hope the banned will be lifted for us to progress.
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September 19, 2017, 07:25:10 AM
 #17

the "sign" to resume another upward movement was when price was "pushed down" below $3000 resistance and did not last. it showed clear as day that there is a big demand for bitcoin even though there was a lot of FUD back at that time. and the upward movement was towards this $4000 mark.

I am still skeptical of further rise. if I see $4100 be broken and price stays above it for long enough, I take that as a sign of next rally and then I would expect $5000 resistance be tested too. otherwise we will stay here in a $400 up or down range.

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September 19, 2017, 07:41:08 AM
 #18

the "sign" to resume another upward movement was when price was "pushed down" below $3000 resistance and did not last. it showed clear as day that there is a big demand for bitcoin even though there was a lot of FUD back at that time. and the upward movement was towards this $4000 mark.

I am still skeptical of further rise. if I see $4100 be broken and price stays above it for long enough, I take that as a sign of next rally and then I would expect $5000 resistance be tested too. otherwise we will stay here in a $400 up or down range.
yes we have entered another price rally since yesterday night when bitcoin fell bellow $4000 and up till now it could not break $4000 after trying this morning. But bullish momentum was triger when $4000 resistance was assorted without any single hindrance and we expect to keep seeing upward movement after this significant lift.
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September 19, 2017, 01:41:38 PM
 #19

I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level.  For those that invest around $2,987 last week can now be happy on their investment.
As long as there will be another bullisj news or support and the price will continue to growth but remember if this is a crypto investment and the trend can be changed anytime depend on the trend and how about the market itself, does the market are feeling stress or not due to the bad news. Crypto is really sensitive.

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pawanjain
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September 20, 2017, 05:34:56 AM
 #20

The bullish moment Bitcoin is going through right now was known by every single person out there as everybody knows that Bitcoin recovers its price very quickly than any other coin or asset. I am really happy to see it hit the $4000 target and would be much happier if it breaks the $4200 resistance. Once it crosses $4200 it will soon cross $4500 and hit the $5000 target. But i don't think that will happen any time soon knowing that ETH hard fork is going to take place at the end of this month. Chances are there that people will start selling their BTC to buy ETH and take out the profits. In that case there will be a significant dip in the price of BTC.
If ETH really do the fork and switch to PoS might be a something big, but not going to affect that much for bitcoin users. bitcoin still the base for many altcoins including ETH and it's inarguable.
in the coming days, ETH will probably rising up this month and reach new ATH after hardfork because people and miners will forcefully buying ETH if they want to stake their address but BTC still #1 and will alway be.
Yes I agree that Bitcoin will stay #1 in the list but i am just saying that if the ETH hard fork takes place then there will be many people in the list who will want to profit out of the situation and so they will sell their BTC to buy ETH and make some profits. In that case surely Bitcion will face a significant dip in price but it won't last long and anyways BTC will be on the top. After they make out the profits they will buy back BTC and it will increase in price again.

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