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

[MoonJeina]

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/

I totally agree with that .
 Bitcoin has been giving the "buying" signals from a long time now . Every time it was as  down as $6000 and $7000 , it was the best time to buy . But you can buy right now also . It is never too late to do that . But if it crossed the trap , and increase up to @10000  it would be way to late because at that time we might be experiencing a shoot of bitcoin price again . I am very positive about that .                           

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[jseverson]

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.

It may not look it, because the dip at $6k was a better time to buy in hindsight, but the article was looking at it in a traditional investment perspective. Us investment plebs are told to buy dips so we tend to look at things differently, but what's flashing the buy signal in this particular case isn't the price; it is, rather, Bitcoin's moving average, which is a technical analysis tool.

But yeah I'm not a very big believer of technical analysis being particularly effective on Bitcoin, so this doesn't really affect me, but it could very well attract traditional investors into the market. It's going to turn out as a self-fulfilling prophecy more so than an actual accurate prediction in this case, but I'm not complaining lol.

[Whosdaddy]

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.

Right bro! That was a huge low and even though that spot was more of a gamble since the market could have gone lower, it became obvious that the market was really at that point a good buy option which I am sure those who did by now are having a good time just looking at what the market is doing before we finally switch to a full uptrend. I believe this market is good to go and even though we cannot make any prediction from where we are now, I so much expect that things should start going green anytime soon.

[Gabb]

Actually I do not think it is necessary to draw such complex graphs and technical analysis with dozens of indicators to obey common sense and buy bitcoins once their price had fallen around 70%, because after such a spectacular drop it was difficult for the price to continue falling too much, and once it stabilized there for several days many took advantage of that opportunity to buy.

Trying to buy now at $9,000 could mean the possibility of falling into a bull trap, but I think that as long as the price remains below $10,000 it is still a great opportunity to buy.

[d5000]

For me, the biggest buy signal of the last days is that we're definitively breaking out of the bearish channel that begun at $20K, touching most of the subsequent intermediate highs. That "breakout" already started at $7000-7500, but it is only now that we can say the breakout is confirmed.

Actually, I consider two scenarios to be likely:

1) still my favourite: We're continuing the pattern of the 2014 bear market. That means we're forming the "b" elliott wave inside an a-b-c bearish pattern, also known as "back to normal" from our beloved "bubble graph". In 2014, this wave went from ~$300 to ~$800, and it lasted for about 6 weeks. Hence if the pattern repeats we could see a rise from the past low of $6500 to $13000 or even $14000 in the next month or so.

2) I'm starting to dream about a trend reversal. But in my opinion it's too early to confirm that. Positive sentiment about Lightning and "not-so-strict-than-expected" regulations in several markets may be the driver of this reversal. On the other hand, the altcoin market is still behaving like it was inside a bubble - several currencies that don't have the slightest chance of success still are trading absurdely high, and that is a sign that the bear market could, or should, continue.

[arpon11]

Thank God as I am seeing change of the event as the support around  $8,000 is a confirmation that bitcoin is going to go bullish very soon.  Since the beginning of this year we have had bad time and bad market position and many has said a lot of negative  things about it but thank God we are now having positive comments coming from some experts.

[pitiflin]

I don't listen to what these rich scumshits say but he is a little right here. I can expect the market to go down again but it's in a tricky situation right now. I'd suggest anyone to only buy if they know how to make the best even from the worst situation otherwise like I said it's tricky.

[pooya87]

1) still my favourite: We're continuing the pattern of the 2014 bear market. That means we're forming the "b" elliott wave inside an a-b-c bearish pattern, also known as "back to normal" from our beloved "bubble graph". In 2014, this wave went from ~$300 to ~$800, and it lasted for about 6 weeks. Hence if the pattern repeats we could see a rise from the past low of $6500 to $13000 or even $14000 in the next month or so.

i also expect to see price above $10k pretty soon and then be stuck there for a long accumulation phase. then move on to reach new ATH and all that!
for now the good news is that bear market is officially over and this time it was a rather short one at that. the drop was huge but it took a very short time to get to the bottom!

[Fulmand]

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/

The good price increase of bitcoin is a good signal for investors to come and join in the cryptocurrency world..In the late week of March the price has steadily docked at 7k but by the beginning of April reach 8k and now on the last week it has reached to 9k this just show a steady price increase of bitcoin value in the market and this is indeed a very good signal to by bitcoin investment for the profit is very sure.. The price might reached even higher with last year December at 20k.

[Coffeehot]

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.

i think it will be over 50000 dollars by the end of the year . it creates a lot of impossibilities , on April 12, legendary investor Tim draper said at a new book launch that by 2022,the price of bitcoin would be $250000 .

[Coffee135]

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.

Why are you sure it's safe to buy bitcoins now? We've seen bitcoin price rise to $ 12,000 this year and then drop to $ 6,000. To buy bitcoins you need to believe in their future. And then you can undoubtedly buy coins at the lowest price. Look at the twins. They bought bitcoin when no one believed in it. Now they're billionaires.

[Ewox]

Just the right timing, I just sold my alternate coin and plan to hodl bitcoin since the market is kind of bullish in trend. Hopefully it'll increase by the end of this month and we'll gain profits by then. Just make sure to take capital or withdraw once it reaches your target goal amount and don't be greedy because there are still chances bitcoin might drop its price back.