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virendarnagpal
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May 05, 2018, 04:44:51 PM
 #1

For the last few weeks; price of bitcoin is on an rise again.  It is almost near to touch $10k.  Festival mood appears in the market.  Everybody is happy: celebrating mood. Grin
There was one time when btc was below 7k and most of the people were hesitating buying it.  Now there is a  mood of positivity in all the directions.  We will be hearing all the good news from each and every corner.
But in this festive season please never panic.  If you want to buy please invest only that part of your money the loss of which you can afford without much pain. 
In my opinion; good strategy to invest is that the investor while investing shall have one stop loss limit in his mind.  It means suppose one person buys one btc @ 10k but unfortunately the reverse trend appears; at that time without allowing the loss to increase with the continuous fall in the market; suppose i fix one limit to sell back @9k in case the downfall starts.  So I will suffer loss of 1 k what ever may be the downfall i.e. suppose the markets falls around 6k I will be saved from further losses. 
Again I can buy with the trend change with positive market trend. 
It is my opinion; you may differ.
All the good wishes to bitcoin holders  Grin
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May 05, 2018, 04:56:21 PM
Merited by Wind_FURY (1)
 #2

many trend anals just look at price history. and draw triangles based on mythical numbers of xday average that can vary as they please to create a triangle of any angle they please to make a prediction of anything they please.

but when looking at what actually caused the spikes and dumps there is actually a correlation related to mining cost.
and we are still not out of the forrest where the bears live in regards to the support line caused by mining cost. so we are not quite in the open fields where the bulls graze.

if you want to check out why the october 2013 rise occured check out what month the first ASICS came online. and remember a pool will not sell a coin at a loss.
EG a gold miner if it cost him over $1000 an ounce to mine. wont sell their gold ounces for $1
EG a gold miner if it cost him only $1 an ounce to mine. would sell their gold ounces for $1 and that would mak gold only be around $1

just make a chart of the markets. and then overlay it with the mining costs. and you will see the fleld edge between bull and bear. you will see where the "speculative bubble" (over priced) area's are. and you will see where the main support line is

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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May 05, 2018, 05:21:13 PM
 #3

I dont think we're experiencing a bull run just yet because the volumes are not that significantly high but we definitely are experiencing a recovery (hopefully its not a bull trap though).  With that being said, Eth and BCH have experienced a lot more gain than bitcoin which leads me to believe that they were either way under valued or that some of that money will flow back to bitcoin and we'll see bitcoin at 14-15k in the near future.

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May 05, 2018, 05:37:32 PM
 #4

Absolutely the bull trends are all set to hit the market again, and this time with the most awaited benchmark, $10,000, to be crossed again. Of course the happy times are back and it is yet good to see such repetitive threads on the forum Wink

I had been badly missing these times. I have held my bitcoin investment for a long time, and now I can really see my investment bearing me some good returns. It is rightly  said that 'Patience is bitter, but its fruit is sweet'. And this goes perfectly for all the traders  on the market.

Now I really hope that the bitcoin will reach the $15k very soon and change  the entire market scenario.
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May 05, 2018, 05:41:51 PM
 #5

Price is definitely recovering, but I am not sure if we can say that bull ride has started. But you are correct when you say that people has started investing and are feeling a bit safer. After all price rising is showing the same thing.
As for trading strategy... I guess that all serious traders have some kind of strategy. Only those who are not knowledgeable enough about crypto, have no strategy. But at the end, two questions will always be active... when to buy and when to sell. Also I agree that best amount for investment is, the one which you can afford to lose.
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May 05, 2018, 06:11:09 PM
 #6

For the last few weeks; price of bitcoin is on an rise again.  It is almost near to touch $10k.  Festival mood appears in the market.  Everybody is happy: celebrating mood. Grin
There was one time when btc was below 7k and most of the people were hesitating buying it.  Now there is a  mood of positivity in all the directions.  We will be hearing all the good news from each and every corner.
But in this festive season please never panic.  If you want to buy please invest only that part of your money the loss of which you can afford without much pain. 
In my opinion; good strategy to invest is that the investor while investing shall have one stop loss limit in his mind.  It means suppose one person buys one btc @ 10k but unfortunately the reverse trend appears; at that time without allowing the loss to increase with the continuous fall in the market; suppose i fix one limit to sell back @9k in case the downfall starts.  So I will suffer loss of 1 k what ever may be the downfall i.e. suppose the markets falls around 6k I will be saved from further losses. 
Again I can buy with the trend change with positive market trend. 
It is my opinion; you may differ.
All the good wishes to bitcoin holders  Grin

It's just a few steps in the inadequate volume market. It does not give me confidence for the moment.
when the bull crosses $ 20,000.
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May 05, 2018, 06:14:19 PM
 #7

The majority of all cryptos, at least the quality ones, have been on the increase these last few months.
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May 06, 2018, 09:27:33 AM
 #8

We just saw another pretty big adjustment when BTC went up to $9900+ and now adjusted down to $9500. It just demonstrates how strong the $10k resistance is, in my opinion. We may not actually see $10k being broken for another few months as well.

Bulls are back, but only temporarily. This rally is probably not going to last that long, even if the $10k level is actually breached.

It's probably not wise to get too optimistic in the short run, and obviously don't go out of your way to try buy in BTC with all you got when it's clear that FOMO is already a factor in this rally, which again, mean that a correction may be due soon.

 
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May 06, 2018, 09:33:27 AM
 #9

the bulls are surely back but the problem is that there are also some bear whales in the market at the moment which don't want to see the price rise. which is why they keep on dumping to prevent the rise and when this happens the others have no choice but to follow.
the result is that we are seeing a dumb psychological resistance around $10000 which is hard to break!

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May 06, 2018, 10:02:57 AM
 #10

the bulls are surely back but the problem is that there are also some bear whales in the market at the moment which don't want to see the price rise. which is why they keep on dumping to prevent the rise and when this happens the others have no choice but to follow.
the result is that we are seeing a dumb psychological resistance around $10000 which is hard to break!
I think we need some more time to destroy the stupid resistance in the $ 10,000 figure. however we should still believe in bitcoin that, in the near future we will see bullish market prices in the chart will again re-green, dude. from early January to the present, prices are still fluctuating down and have not shown any signs to move on up to the next price level.

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May 06, 2018, 12:05:36 PM
 #11

We just saw another pretty big adjustment when BTC went up to $9900+ and now adjusted down to $9500. It just demonstrates how strong the $10k resistance is, in my opinion. We may not actually see $10k being broken for another few months as well.

Bulls are back, but only temporarily. This rally is probably not going to last that long, even if the $10k level is actually breached.

It's probably not wise to get too optimistic in the short run, and obviously don't go out of your way to try buy in BTC with all you got when it's clear that FOMO is already a factor in this rally, which again, mean that a correction may be due soon.


When we break the 10k level we will straight move up to 11.8k-12k area imo.
And then it will become interesting as this is the critical level which will decide if we will see another bull run or not.
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May 06, 2018, 12:09:38 PM
 #12

I think we need some more time to destroy the stupid resistance in the $ 10,000 figure.
Stupid resistance? It's actually not that difficult for whales to bump the market over the $10,000 level, but the fact that the market isn't doing so on its own is an indication that it's not ready yet, which is perfectly fine.

Another thing that prevents the market from breaking the $10,000 mark is that you don't know what will happen. In most cases people think it will increase, but what if it triggers a massive selloff?

This market is very complicated with how many important factors you have to look at and consider before making a move. Some times it's even difficult for large player to figure out what the next move will be.

 
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May 06, 2018, 12:32:30 PM
 #13

We just saw another pretty big adjustment when BTC went up to $9900+ and now adjusted down to $9500. It just demonstrates how strong the $10k resistance is, in my opinion. We may not actually see $10k being broken for another few months as well.

Bulls are back, but only temporarily. This rally is probably not going to last that long, even if the $10k level is actually breached.

It's probably not wise to get too optimistic in the short run, and obviously don't go out of your way to try buy in BTC with all you got when it's clear that FOMO is already a factor in this rally, which again, mean that a correction may be due soon.


When we break the 10k level we will straight move up to 11.8k-12k area imo.
And then it will become interesting as this is the critical level which will decide if we will see another bull run or not.


Right. At this point i don't consider it as a bull run just yet. Well we're moving upwards slowly but not that dramatic to say that the bulls have returned. But i think we're safe for now from the bears already

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May 06, 2018, 02:41:29 PM
 #14

many trend anals just look at price history. and draw triangles based on mythical numbers of xday average that can vary as they please to create a triangle of any angle they please to make a prediction of anything they please.

but when looking at what actually caused the spikes and dumps there is actually a correlation related to mining cost.
and we are still not out of the forrest where the bears live in regards to the support line caused by mining cost. so we are not quite in the open fields where the bulls graze.

if you want to check out why the october 2013 rise occured check out what month the first ASICS came online. and remember a pool will not sell a coin at a loss.
EG a gold miner if it cost him over $1000 an ounce to mine. wont sell their gold ounces for $1
EG a gold miner if it cost him only $1 an ounce to mine. would sell their gold ounces for $1 and that would mak gold only be around $1

just make a chart of the markets. and then overlay it with the mining costs. and you will see the fleld edge between bull and bear. you will see where the "speculative bubble" (over priced) area's are. and you will see where the main support line is


I see your point, and definitely agree over the long term, miners will only want to sell at prices that are profitable - though they may have made a lot already during the boom, perhaps enough to ride out the time spent in the forests. But mining costs have only risen in the months since the drop from $20k, while it didn't exactly rise so sharply to have helped explain the ride to $20k.

And after halving in 2 years, with even fewer coins to mint, should we expect prices to then skyrocket? I doubt it, everything will be priced in along the way.

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May 06, 2018, 04:31:52 PM
 #15

For the last few weeks; price of bitcoin is on an rise again.  It is almost near to touch $10k.  Festival mood appears in the market.  Everybody is happy: celebrating mood. Grin

Uh, oh. Sounds look people are getting too bullish. Tongue

In my opinion; good strategy to invest is that the investor while investing shall have one stop loss limit in his mind.  It means suppose one person buys one btc @ 10k but unfortunately the reverse trend appears; at that time without allowing the loss to increase with the continuous fall in the market; suppose i fix one limit to sell back @9k in case the downfall starts.  So I will suffer loss of 1 k what ever may be the downfall i.e. suppose the markets falls around 6k I will be saved from further losses. 

Your general idea is correct. If you are going to invest (and especially trade), you need to employ stop losses. But your SL should be based on a significant price level on the chart. If that level breaks, the setup fails and you cut off the losses.

If you just set a stop loss $1,000 below your entry every time, you could have your stop run before the market continues higher. For example, the 1-day 20MA and the mode of the last consolidation is ~ $9,000. I might want to see that level fail and price hold below before locking in losses.

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May 06, 2018, 04:54:59 PM
 #16

the bulls are surely back but the problem is that there are also some bear whales in the market at the moment which don't want to see the price rise. which is why they keep on dumping to prevent the rise and when this happens the others have no choice but to follow.
the result is that we are seeing a dumb psychological resistance around $10000 which is hard to break!
I think we need some more time to destroy the stupid resistance in the $ 10,000 figure. however we should still believe in bitcoin that, in the near future we will see bullish market prices in the chart will again re-green, dude. from early January to the present, prices are still fluctuating down and have not shown any signs to move on up to the next price level.

I am not sure what you mean by "next price level". As far as I can see bitcoins is doing great. People tend to forget where bitcoin's price was last year or year before that. In May last year, price was around $1,5k and at this moment its around $9,5k, bitcoin made some great progress. So I would say that bitcoin is doing pretty good, don't you agree? Fluctuations will always be part of bitcoin, as long as people use it as an asset.
As for $10k price, in time it will be "destroyed" as you said. With everything that happened, we can not expect another bull ride as soon as people would want.
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May 06, 2018, 05:17:20 PM
 #17

Yeah after tax speculations bulls are back in business. I have very high hopes about 2018's future.
I think markets will fully recover from crash this year. It won't be 2020 or 2019. Just this year.

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May 06, 2018, 06:06:49 PM
 #18

We the traders can't actually say that the bulls are back because today we are experiencing the increasing of bitcoin and other Coins too in the market. Maybe one day or anytime soon the real bulls will be back and the value of bitcoin will go to the moon again Smiley

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May 06, 2018, 08:39:13 PM
 #19

We the traders can't actually say that the bulls are back
We can assume that it is but it seems that it isn't back yet. It's okay this is still good and healthy for the market so many can buy while they can before it goes back to bull or it is actually in bull since the $8000 come back.

because today we are experiencing the increasing of bitcoin and other Coins too in the market.
You mean decrease?

Maybe one day or anytime soon the real bulls will be back and the value of bitcoin will go to the moon again Smiley
Keep the faith remain, bulls will be back and it can likely be a surprise again.

 
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May 06, 2018, 09:57:27 PM
Merited by buwaytress (1)
 #20

We the traders can't actually say that the bulls are back because today we are experiencing the increasing of bitcoin and other Coins too in the market. Maybe one day or anytime soon the real bulls will be back and the value of bitcoin will go to the moon again Smiley

I like how the same kind of speculation, and bulls are back or bears are stronger discussions happened below the $300 level years ago -- the only difference is the price that currently is more than 30 times higher. In the same way people will look back at current levels when we hover well over $100,000 somewhere in the future. Bulls are always here and probably won't ever go away until we have reached a point from where we realistically just can't expect 10x increases anymore. Some say it's like $300,000 and some think it will demolish the astronomical $1,000,000 barrier. Either way, those who keep holding are future winners.
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