Time To Buy BTC: Bitcoin Market Right Now On A Buy Signal Suggests Dan Morehead

[Divinityxd]

For the past few days, bitcoin prices are settling around $8,000 level representing a sideways trend after a series of rises and drops. Dan Morehead, CEO of Pantera Capital, who predicted the BTC price to hit $20,000 by the year-end talks about bitcoin’s 200d moving average flashing a buy signal.

continue : https://coingape.com/bitcoin-market-right-now-on-a-buy-signal/

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[dothebeats]

Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

[batang_bitcoin]

The dip was the signal to buy more. What I'm more interested is with their prediction that bitcoin will definitely go back to $20,000 by December this year.

we might see a very tricky $6000 yet again or can even go under that.

3 months of full corrections and dips would be sufficient for the market to start rising but still we can't be confident with that. Finger crossed that all of those sufferings were through.

[thefaucetrunner]

The MA50 just crossed the MA200 on the 4-hour charts for BTCUSD. Maybe that's what they're talking about. Great sign.

[Mometaskers]

The dip was the signal to buy more. What I'm more interested is with their prediction that bitcoin will definitely go back to $20,000 by December this year.

we might see a very tricky $6000 yet again or can even go under that.

3 months of full corrections and dips would be sufficient for the market to start rising but still we can't be confident with that. Finger crossed that all of those sufferings were through.

What was the "home" range again before it suddenly flew up to $20k? Was that $15k? Even if don't hit the ath again this year, I'd probably be content with 15 grand.

Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

Sucks that I'll have to wait for a few more months for it to probably get back up. I think I need to dip into my store unfortunately.

[batang_bitcoin]

The dip was the signal to buy more. What I'm more interested is with their prediction that bitcoin will definitely go back to $20,000 by December this year.

we might see a very tricky $6000 yet again or can even go under that.

3 months of full corrections and dips would be sufficient for the market to start rising but still we can't be confident with that. Finger crossed that all of those sufferings were through.

What was the "home" range again before it suddenly flew up to $20k? Was that $15k? Even if don't hit the ath again this year, I'd probably be content with 15 grand.

$15,000 would be enough for me too, actually it's $10,000. Just take step at a time and let's see on how the market fluctuates.

Great sign.

Yup great sign indeed. And for those that are crying because of the dip, they should take notice that this is the signal for them to buy instead of living themselves in the past.

[Aviney]

For the past few days, bitcoin prices are settling around $8,000 level representing a sideways trend after a series of rises and drops. Dan Morehead, CEO of Pantera Capital, who predicted the BTC price to hit $20,000 by the year-end talks about bitcoin’s 200d moving average flashing a buy signal.

continue : https://coingape.com/bitcoin-market-right-now-on-a-buy-signal/

Inside the past few days and nights, bitcoin prices are negotiating around $8, 000 level representing a sideways craze after a series of rises and drops. Lalu Morehead, CEO of Lonza Capital, who predicted the BTC price to strike $20, 000 by the year-end covers bitcoin's 200d moving average flashing a buy signal.

continue: https://coingape.com/bitcoin-market-right-now-on-a-buy-signal/

[jemarleon]

For me its late but its not too late, because when the price hit $7000 below for me is the best time to do it but many people are in panic mode that they dont know what to do because they are thinking that bitcoin will die LMFAO they dont come up with the idea that it is the best time to buy and right now for sure they are regretting why they dont buy on its price dip.

Never think that bitcoin will die that easy, Bitcoin's build its name already to all the people around the world there are lots of money already invested on it and that will be the reason why bitcoin cant die easily.

[pooya87]

Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

very true. i believe that price was a lot lower than the demand wanted it and being under-priced means the jumps like the $1000 in 1 hour happen. right now bitcoin is still under-priced and it needs to jump more. but for the time being it seems to me that there are bear whales that keep on dumping to keep it that way. the big volume dumps on exchanges at the time of rising above $8200 suggests that.
what happens next depends on which side will win, the bears or the bulls?

[Pursuer]

The dip was the signal to buy more. What I'm more interested is with their prediction that bitcoin will definitely go back to $20,000 by December this year.

we might see a very tricky $6000 yet again or can even go under that.

3 months of full corrections and dips would be sufficient for the market to start rising but still we can't be confident with that. Finger crossed that all of those sufferings were through.

What was the "home" range again before it suddenly flew up to $20k? Was that $15k? Even if don't hit the ath again this year, I'd probably be content with 15 grand.

it probably wouldn't happen the same way this time.
there is a bigger chance that we are going to see more of a slow rise for a long time now. right now it is mostly sideways and jumps and slow rises combined but this can potentially change into a slower rise up like back in 2015 and because of that we can see $20k be reached by not suddenly. it may take the whole year this time.
then after that we will see the big rises.

[Kemarit]

Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

Agree, when we (double)bottom around $6000, it was the perfect opportunity to accumulate more bitcoin in our wallet. However, I pitied those who didn't jump and still waiting for the price to go either lower. LOL. Now the price keeps fluctuating around the $7900-$8100 range so I don't think that this is another bull trap that we have seen in the last 3 months. We should wait and see if the mental barrier that is $8500 would be broken in the next days. If we did then its just a matter of time before this bear market is overturn and the bulls going back at the driver seat.

[Wind_FURY]

Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

But be careful. We should wait for 3 kwukduck FUD posts before we can confirm that it is really the right time to buy. Without the "kwukduck FUD but going to the opposite direction" seal approval it might crash back down below 2018 lows.

Don't say I didn't warn you.

[Theb]

I wouldn't go in that way. Some people here when they see a person with a title of "CEO", "CFO", "Financial Adviser" or other influencial people predicting make them believe that there prediction is right, they are also blindsided when they hear what they want to hear. We still need to do our own chart analysis before saying what Morehead is right.

Right now BTC has cancelled the H&S pattern when it rose back up again from 7,700$. But BTC not going down is not done yet as there is still a possibility that it is completing a rising wedge pattern which is a sign for a bearish reversal. If BTC hits 8,800$ - 8,900$ and falls down then it is a confirmation that BTC might fall down below 7,000$ again. This might be a good time to prepare for a short before we can see BTC to go up for good this time.

[followmenot]

Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

I could not agree more. I really enjoyed it hitting 6000 in sinister way because it basically helped me to buy even more bitcoins to be part of it. I am sure bitcoin will be bullish again but not now 200 days suggestion is nice.

[buwaytress]

Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

Ever since Bitcoin breached the 10k floor, I've been happy to get more coins, and yeah, at 6k and 7k every satoshi has been really great value. Take into account the really low fees we've been enjoying for months (which I calculated has saved me about 0.02 in fees for txs since Jan) plus consolidated inputs, I've been a really happy camper, all set for the bull if it finally comes.

You're right about this still being a tricky stage. Still not sure if the swinging sentiment will result in a change of fortunes for BTC price. But if not, then it just means an extended period of great entries.

[kryptqnick]

Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

I think the price is being stable enough not to go down again in the nearest future. It didn't go up too fast, so it seems like for now people are truly willing to pay such price for the coin. Thus, it is still good time to buy, because we might be on the way of growth at reasonable speed.

I wouldn't go in that way. Some people here when they see a person with a title of "CEO", "CFO", "Financial Adviser" or other influencial people predicting make them believe that there prediction is right, they are also blindsided when they hear what they want to hear.
 But BTC not going down is not done yet as there is still a possibility that it is completing a rising wedge pattern which is a sign for a bearish reversal.

Authoritative opinion doesn't matter much in this sphere, that's true. Yet I think it has the influence in the oppisite direction. SUch people are not right, because they understand the market. However, by making good predictions they gain the trust of potential investors to cryptocurrencies, which stimulates the latter to buy some btc and, as a result, the prices do go up.

[tomahawk9]

I wouldn't go in that way. Some people here when they see a person with a title of "CEO", "CFO", "Financial Adviser" or other influencial people predicting make them believe that there prediction is right, they are also blindsided when they hear what they want to hear.

This is because people are susceptible to a cognitive bias called "Authority bias".

People are used to follow whatever the experts say. Since newcomers don't have much knowledge about the cryptocurrency world, they try to look shorcuts to quickly understand how this whole thing works, and what better shortcut than following the opinion of an expect and credible person. For example, Tom Lee, the Wall Street bull who keeps saying Bitcoin will reach 25k in 2018, even if he's just speculating, these sort of statements from "experts" or CEO's will always trigger people to do exactly what they wanted: buy before it's too late.

[thecodebear]

Indeed now is a great time to buy. There is still a small chance it could drop again. But I think we'll see decent growth over the spring and summer, maybe getting back to $15k by end of the summer. So maybe doubling in the next 5 months. Once we break through those levels that should signal boomtown is coming soon.

[LFC_Bitcoin]

No idea why everybody wasn’t gobbling up coins as soon as we hit $6,000. These are criminally low prices we’re witnessing right now. After the next halving we’re going to be looking at $50,000 per bitcoin.

What are you waiting for, buy whilst you can still afford to.

[jhenfelipe]

Time to buy, is it really now? Most people do buy when they see that the price is rising. Afraid to buy when it's at $6k because it might get lower, but not afraid to buy when it already rises? Not the best time, but still good as long as you can hold imo. Anyway, I also hope that the price either hold or go higher this time.