BTC broke the triangle

[enendad]

As we can see, it broken resistance finally and now it is facing with resistance at 0.500 fibonacci level. Important thing is that BTC broke the triangle and now it has huge chances to go up. It can go back to 11.1-11.2k to test resistance and then strong uptrend. I hope ALTs will follow BTC and I think we are going to see greed days very, very soon

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[davis196]

All i can see in this chart is that the bitcoin price volatility is reduced and this is something good.
I was tired of all the price movements from 13K to 15K USD every 9-10 hours at the begininng of January.
I`m not familiar with Fibonacci levels,but i`m not sure that your prediction will happen.The bearish trend will continue during the spring and i`m expecting the price to go under 9K USD.Off course,btc will recover and it will reach 20K USD somewhere around November 2018.

[pacman7331]

Chinese new year is a factor. Starts in 2 weeks. Will go up after.

https://cointelegraph.com/news/bitcoins-early-2018-woes-written-in-the-stars-and-moon

Doesn’t mean it can’t break bear market ealy though....

[mostkey]

is it possible that the market will break at the end of this month? like sleeping winter btc very slow move in january month. I hope the price movement will happen at the end of January. because this is very risky. I have a pretty big fund stuck in btc. if this goes on it seems like I will do a cutloss in the end of january. expect in the next two days btc price will rise up

[teilwalL05]

It has a possibility that we don't need this triangle prediction anymore I really think that bitcoin has surpasses a certain restrain in going up, And in the past we had seen a tremendous leap over the price that is why we had seen how the price dip down and have return to almost $9000 value because of correction certain negative news, FUD that are circulating in the forum and the internet, certain scam that involve the use of bitcoin or other currencies that other think that Cryptocurrency is not safe well there are many things that we can think about why did the price have dip so much, and right now we are engaging in the boundaries that the resistance had provided and we may see a certain bullish run when the month of February start.

[nl247]

It has a possibility that we don't need this triangle prediction anymore I really think that bitcoin has surpasses a certain restrain in going up, And in the past we had seen a tremendous leap over the price that is why we had seen how the price dip down and have return to almost $9000 value because of correction certain negative news, FUD that are circulating in the forum and the internet, certain scam that involve the use of bitcoin or other currencies that other think that Cryptocurrency is not safe well there are many things that we can think about why did the price have dip so much, and right now we are engaging in the boundaries that the resistance had provided and we may see a certain bullish run when the month of February start.

The crazy FUD we have had since bitcoin started correcting would have been enough to drag it down lower than even $8000. So far, we seem to be enjoying the $10k spot a lot after the series of bounce back,  so we may have some optimism on that level for now. However, February is really going to be looking good as it seems the buying momentum is gradually increasing. I believe we will get to know from the volume before this week ends. I have a feelings though that the bear days are over at least for now.

[Pursuer]

the "break" was not a major thing, it was a small size rise above the line in the picture and as you can see the price is still the same. if it was a real break out then price should have been higher that this with a faster rise.
it may be a little soon but we are getting there, 2 more days remaining from January and I think next month will be much more exciting than this month. specially with transaction fees going down fast.

[babygun]

Many people try to predict the bitcoin price using technical analysis and fancy graphs, but until now, I have not found anyone who is really accurate with his predictions.
The only thing I see in the graph that bitcoin price is quite stable for the moment and is ranging between $10 000 and $12 000.

[penig]

Many people try to predict the bitcoin price using technical analysis and fancy graphs, but until now, I have not found anyone who is really accurate with his predictions.

What else are you going to use, fundamentals? 

[mike4001]

Nice about the triangle.

Yet, we still can't go over 12k and even bounced back to below 11,5k

[alyssa85]

the "break" was not a major thing, it was a small size rise above the line in the picture and as you can see the price is still the same. if it was a real break out then price should have been higher that this with a faster rise.
it may be a little soon but we are getting there, 2 more days remaining from January and I think next month will be much more exciting than this month. specially with transaction fees going down fast.

It's not a major thing, but this slow grind upwards is encouraging. It looks like the new suppport is around $11,004.

[Lampaster]

Many people try to predict the bitcoin price using technical analysis and fancy graphs, but until now, I have not found anyone who is really accurate with his predictions.
The only thing I see in the graph that bitcoin price is quite stable for the moment and is ranging between $10 000 and $12 000.

Long-term growth of bitcoin prices has made people lazy. They came up with a story for yourself that you can not work and still have income. You only need to buy a few magic coins. This tactic is not working. Now they're looking for magicians who can tell when profitable to buy coins to earn. My recommendation. In order to have an income you have to work.

[arpon11]

I have also see this as most of  the technical indicators are showing  an uptrend outlook. Bitcoin is going to get serious bullish momentum any moment from next week and I think we should buy now as most of the bearish tendency seeing to disappear last week. Op that you also for providing us your views and this analysis because it has give hope to me and some of the things I was having in my mind concerned this market for quite some time now and I have confidence to buy now.

[azguard]

Any speculation is always what someone is thinking. This may be called steady price or we could expect to see some down trend price movement maybe. Some articles suggest this to be first to happen and after that we will see price going up again and reaching levels from last year peak. Keeping bitcoin is still probably good call.

[SONG GEET]

Nice about the triangle.

Yet, we still can't go over 12k and even bounced back to below 11,5k

Price is still going sideways rather than setting any clear trend. Bitcoin and all other alts might keep swinging in these regions for next few weeks before it can clearly break resistance and fly.

[MoonJeina]

I don't have a very fair about the "fibonnaci" thing . But bitcoin has has stayed in the same range from a long time now .
As of now , the markets are not in a very good place but it is expected to rise by feburary as per discussions . If the things went well bitcoin was supposed to be at 15k and above whereas its seems to be stuck at 10k-11k . It  seems that bitcoin has stayed off the "volatility" thing this year . The main reason why the market is suddenly going down is the events that are surrounding bitcoin and stopping people to invest in it . All the problems with the conjugated network and the controversy of South Korea has somehow affected the whole market . I also hope a god time awaits for all of us and we see some big greens for bitcoin soon.

[Xardasim]

Before breaking resistance level price should swing around flat average rate. All technical indicators are useless in crypto charts in my opinion. What is the matter to use technical details if there is no clear history of financial tool? Let's focus on the fundamental analyse instead of hanging around less mattered things like technical indicators.

[RamonBTC]

That’s amazing, this forum are making such improvement with merit system implementation. Never mind just stating the obvious. While I get much rest this January for doing nothing much like checking the chart every hour,  that is helpful for the tiring volatile bitcoin price last year. I’m now more ready to back on track again and the movement of numbers hourly will be appreciated again one day or within this month already.

[pereira4]

Indeed it did, but I wouldn't count out a dip even if we broke the triangle... don't underestimate the amount of easily triggered panic-seller ready to dump at the smallest sense of fear and doubt. Bitcoin has the highest amount of panic sellers on any asset I've ever seen. We need to get rid of them to have a more steady and robust growth.

[YuginKadoya]

Indeed it did, but I wouldn't count out a dip even if we broke the triangle... don't underestimate the amount of easily triggered panic-seller ready to dump at the smallest sense of fear and doubt. Bitcoin has the highest amount of panic sellers on any asset I've ever seen. We need to get rid of them to have a more steady and robust growth.

Well we might have panic sellers in the community but it might be because of the manipulation of whales that is why there is so much resistance going on and bitcoin is ready to recover and move but it keeps getting on pummel by the combine efforts of panic selling and whales manipulation, And I think we can not get rid of them and how would we supposed to do that, taking all of the newbies and weak of heart in the community.