BTC on another breakout

[Roachgo04]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  


https://i.imgur.com/WFXl30Y.png

[Reatim]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

[Roachgo04]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  


https://i.imgur.com/WFXl30Y.png

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

I’m saddened that the 0.382 mark was not break. But the good news is at least we know that the price of BTC will play around 11,700 and 6,500. These is the trading range will expect for at least one week.

Actually if you use this tool Fibonacci retracement you have a clear forecast of what price will be the next couple of days. Some will say it is because of the Whales but for me this is because of the movement of supply and demand of the coins and not the whales.

[atrocityx]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

I'm kind of going the opposite route.. I think we will eventually get there but in my opinion this entire run up just feels like a big bull trap. I think we retest 9k at the bare minimum and hopefully find some footing and do that long needed consolidation period we've been avoiding. I want to be as optomistic as everyone else, but I'm still feeling overwhelmingly bearish.  I hope you are right though and we start the path upwards to 20k.

[Makrochain]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  


https://i.imgur.com/WFXl30Y.png

We can see that bitcoin prices are recovering strongly in recent days, bitcoin prices have touched $ 10500 and are continuously rising. I think that now we can completely trust and buy bitcoin, bitcoin prices are growing extremely stable, we can buy bitcoin and long-term or bitcoin trade right now.

[Bolt Brownie]

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

[squatz1]

And now we're on the downtrend for a little time, I really don't know when the people who believe in TA analysis are going to understand that it doesn't work in any market let alone in a market that can be controlled as much as Crypto. So I think the people who beleive in TA are going to have to lose a good amount more money in order to understand that it doesn't work and they've been gipped into thinking that it does work.

We'll see more and more in time of TA being dealt fatal blows. When the market is moving up charters call for the market to continue doing this, when it goes down the opposite happens. So yeah, they don't know a thing.

[RedzoneASE]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

Well for now it is already good that the price of btc is beyond 10k dollar mark. Seeing that it is not climbing beyond 11k mark is not alarming if you see the price trend of 2017 It is already seen that it only touches 19k dollar mark once and falls down to 17k mark. It emplies that the ideal price btc rolls in 10-15k dollar mark.

[Roachgo04]

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

I’m totally agree with you that technical analysis interpretation is will never become the same from others and that are gives us reason why we really need to study technical analysis. That’s because your experience from technical analysis vary from other’s results.

For discussion purpose, Fib levels i have are provided here are only guide and no one should compel to use this as basis for future trading. I just validate my analysis if my observation is correct. And looking at your comment it seems that we have common idea.

[littleDarper]

Technical analysis cannot predict important things such as the sudden injection or removal of capital by a hedge fund. Or the re-printing or not of Tether. TA is absolutely useless right now. Whether BTC goes up or down will depend upon external, real-world events.

[maarx]

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

I’m totally agree with you that technical analysis interpretation is will never become the same from others and that are gives us reason why we really need to study technical analysis. That’s because your experience from technical analysis vary from other’s results.

For discussion purpose, Fib levels i have are provided here are only guide and no one should compel to use this as basis for future trading. I just validate my analysis if my observation is correct. And looking at your comment it seems that we have common idea.

I usually do not get in depth analitically. But spend most of my time in analysing datas and trends and go with it. Seriously i need to know what you mean by "mark" with figures you quoted. But from the data coinmarketcap, the bitcoin price would move upward reaching $20K by end of April 2018. This is a prediction arrived from analyzing the growth trend.

[Roachgo04]

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

I’m totally agree with you that technical analysis interpretation is will never become the same from others and that are gives us reason why we really need to study technical analysis. That’s because your experience from technical analysis vary from other’s results.

For discussion purpose, Fib levels i have are provided here are only guide and no one should compel to use this as basis for future trading. I just validate my analysis if my observation is correct. And looking at your comment it seems that we have common idea.

I usually do not get in depth analitically. But spend most of my time in analysing datas and trends and go with it. Seriously i need to know what you mean by "mark" with figures you quoted. But from the data coinmarketcap, the bitcoin price would move upward reaching $20K by end of April 2018. This is a prediction arrived from analyzing the growth trend.

Finally someone here wants to know my analysis.

https://i.imgur.com/WFXl30Y.png

Look at 0.382 (11,556.26) and 0 (6,521.26) this is the trading range for the next one week. From this trading range you can make future plans, if the price continues to beat the 0.382 mark it will eventually go to 0.618 marks (14,999.90). But if the price of BTC continues to when down to 0 (6,521.26) mark it will eventually go as low as 6,500 USD.

This is sample technical analysis that’s why I don’t believe that the price of BTC is due to whales. Price depends on the supply and demand of BTC or volume of trades.

[litec0ins]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  


https://i.imgur.com/WFXl30Y.png

We can see that bitcoin prices are recovering strongly in recent days, bitcoin prices have touched $ 10500 and are continuously rising. I think that now we can completely trust and buy bitcoin, bitcoin prices are growing extremely stable, we can buy bitcoin and long-term or bitcoin trade right now.

Break 12, reach 15 I think.

[AngelSky]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

It is completely fluctuating in the market. Every day market cap value seems increasing more than 400 billion and some if falling more also we need to invest on bitcoin. Everyone missed to do this and watching the price only when it is climbing up.

If you just starting your trading career you need to choose right coins to invest for conversion always have bitcoin as a main source. I see some have ETH also but occasionally buy the bitcoins too.

[coinscircle]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

We can see that the price of bitcoin in the past few days has had a very good recovery but I really think there is no breakthrough. On the other hand, the price of bitcoin at present is falling extremely strong and has reached the level of $ 9800. I think it is very difficult for bitcoin to continue to break through and pass the 20000 mark and it will take a long time for bitcoin to do it.

[ipbitrung01]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

You can see that bitcoin prices started to rebound after touching $ 6000 last month. At present, bitcoin has recovered to $ 9800 and is still on the rise. I think the bitcoin price could come back to the $ 20000 level next month with a strong rebound as it is at the moment. So this is a great time to buy bitcoin.

[alibaba93]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

We can see that the days of bitcoin prices are going up dramatically. I think that with the positive actions of the nations towards bitcoin, I think it is a matter of time to know that you will grow strong again. I believe that with this momentum, bitcoin prices will reach $ 40,000 this year.

[Nick Abimanyu]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

I’m saddened that the 0.382 mark was not break. But the good news is at least we know that the price of BTC will play around 11,700 and 6,500. These is the trading range will expect for at least one week.

Actually if you use this tool Fibonacci retracement you have a clear forecast of what price will be the next couple of days. Some will say it is because of the Whales but for me this is because of the movement of supply and demand of the coins and not the whales.

Agreeing with what you say the decline this time isn't due to the pesky whale but everything is a natural process of the market (supply and demand).


Currently some countries which do banning against cryptocurrency, now they have published cryptocurrency their own version, such as:
China publishes 'Neo' (the only coin fully supported by the Chinese government),
Sweden publishes 'Sweden's Coin' (the only coin that are considered legal in Sweden), and certainly a similar step will be followed by other countries in the future, and this clearly adversely affects the development of bitcoin.

[michkima]

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.  

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

I’m saddened that the 0.382 mark was not break. But the good news is at least we know that the price of BTC will play around 11,700 and 6,500. These is the trading range will expect for at least one week.

Actually if you use this tool Fibonacci retracement you have a clear forecast of what price will be the next couple of days. Some will say it is because of the Whales but for me this is because of the movement of supply and demand of the coins and not the whales.

Agreeing with what you say the decline this time isn't due to the pesky whale but everything is a natural process of the market (supply and demand).


Currently some countries which do banning against cryptocurrency, now they have published cryptocurrency their own version, such as:
China publishes 'Neo' (the only coin fully supported by the Chinese government),
Sweden publishes 'Sweden's Coin' (the only coin that are considered legal in Sweden), and certainly a similar step will be followed by other countries in the future, and this clearly adversely affects the development of bitcoin.

Nah, I think the decline is still brought about by some people that wanted to bring down the price of bitcoins. Right now we can't expect it to grown unless they had enough bitcoins they want to hold then they'll probably start pumping the price. But generally it should not last long as the cost of maintaining FUD is still expensive.

[chris200x9]

Nah, I think the decline is still brought about by some people that wanted to bring down the price of bitcoins. Right now we can't expect it to grown unless they had enough bitcoins they want to hold then they'll probably start pumping the price. But generally it should not last long as the cost of maintaining FUD is still expensive.

This recent decline has given the opportunity to many new investors to buy Bitcoins at cheaper prices. Once bad news about cryptos stops then we can see the price movement faster again until that these ups and downs are common. I think we are still not fully ready to reach even 15K mark soon.