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Fxcryptoexpert
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May 30, 2018, 08:25:40 AM
 #1

BTC reacted upwards as excpected after the 7250 breakout...next resistance 7650-7700 zone

https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/
https://s3.amazonaws.com/tradingview/snapshots/n/n0HhCF2p.png
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May 30, 2018, 08:40:13 AM
 #2

BTC reacted upwards as excpected after the 7250 breakout...next resistance 7650-7700 zone

https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/

Again all the Coins are little forward in the market so many investors are happy to invest in Bitcoin and altcoins. I think many investors are buying more Bitcoin in yesterday it is reflected in current market. But no one is clearly analyse the future possibilities of Cryptocurrency so we need to support Crypto investment then only it will going to upward.

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May 30, 2018, 08:56:58 AM
Last edit: May 30, 2018, 09:07:12 AM by palle11
 #3

BTC reacted upwards as excpected after the 7250 breakout...next resistance 7650-7700 zone

https://www.tradingview.com/chart/BTCUSD/uwQZ7VeP-BTC-daily-analysis/

Again all the Coins are little forward in the market so many investors are happy to invest in Bitcoin and altcoins. I think many investors are buying more Bitcoin in yesterday it is reflected in current market. But no one is clearly analyse the future possibilities of Cryptocurrency so we need to support Crypto investment then only it will going to upward.

This is the breakout that will lead us to $8,000. I think the market is going to witness a new era to bull movements. I was actually expecting the spike because the market has been over sold since weekend. Whoever did not invest now is likely won't have a chance to buy low for a longer time.

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Fxcryptoexpert
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May 30, 2018, 09:35:03 AM
 #4

I agree, mkt was ovesold and a reaction was imminent, the point now is to see the next move, I believe many are waiting to sell, so next upmove is limited unless a spike above 8000 happens, stay tuned!
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May 30, 2018, 09:48:42 AM
 #5

This is the breakout that will lead us to $8,000. I think the market is going to witness a new era to bull movements. I was actually expecting the spike because the market has been over sold since weekend. Whoever did not invest now is likely won't have a chance to buy low for a longer time.

I wouldn't jump to any conclusions if I were you. what we had is just a small recovery, just like when a correction happens after a fast and big rise, this recovery is also because we have had a fast and huge drop.
there also isn't any signs of a bull market movement as of yet. we may or may not see $8000+ but until I see $9500 and the breakout above $10k I would say we are in a bear market.

Fxcryptoexpert
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May 30, 2018, 10:02:34 AM
 #6

btw does anyone know why in my original post the image is not loading while in quoted replies it does...I m new here old in the markets...lol
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May 30, 2018, 10:51:35 AM
 #7

btw does anyone know why in my original post the image is not loading while in quoted replies it does...I m new here old in the markets...lol

it is because your account rank is low (Newbie). you need to become at least Jr. Member for the embedded pictures to show up. but those who quote you have higher account rank so their comment shows the picture.
https://bitcointalk.org/index.php?topic=178608.0

you can also pay a fee and upgrade your Newbie account to Copper rank so that some of your limitations are improved.
https://bitcointalk.org/index.php?topic=2385104

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May 30, 2018, 12:48:31 PM
 #8

btw does anyone know why in my original post the image is not loading while in quoted replies it does...I m new here old in the markets...lol

it is because your account rank is low (Newbie). you need to become at least Jr. Member for the embedded pictures to show up. but those who quote you have higher account rank so their comment shows the picture.
https://bitcointalk.org/index.php?topic=178608.0

you can also pay a fee and upgrade your Newbie account to Copper rank so that some of your limitations are improved.
https://bitcointalk.org/index.php?topic=2385104

tnx
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May 30, 2018, 01:37:51 PM
 #9

I agree, mkt was ovesold and a reaction was imminent, the point now is to see the next move, I believe many are waiting to sell, so next upmove is limited unless a spike above 8000 happens, stay tuned!
There is strong support from BTC at 7k2-7k4 $ so I think BTC will recover in the next few days. I confidently predict that BTC could reach $ 11k in June as the market recovers.
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May 30, 2018, 02:51:18 PM
 #10

From the look of the chat,it seems a fake out not breakout. Let wait till it is confirm at 7800 before I will believe is a breakout
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May 30, 2018, 02:57:36 PM
 #11

I predict the BTC will touch the 7800 and price around here for some time, probably a few days, then will increase to 8300-8500 and can be 9000 in mid June
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May 30, 2018, 03:03:28 PM
 #12

I predict the BTC will touch the 7800 and price around here for some time, probably a few days, then will increase to 8300-8500 and can be 9000 in mid June

so sad right now we are breaking the pattern and turned it into another downward movement.we won't see it around that point if we do not break $7500 level and stabilize the price in around that level.seems like it's true we are moving toward $5000~$6000 before making another reversal trend.


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May 30, 2018, 03:09:18 PM
 #13

I predict the BTC will touch the 7800 and price around here for some time, probably a few days, then will increase to 8300-8500 and can be 9000 in mid June

so sad right now we are breaking the pattern and turned it into another downward movement.we won't see it around that point if we do not break $7500 level and stabilize the price in around that level.seems like it's true we are moving toward $5000~$6000 before making another reversal trend.

It's seems to be more interesting to see if how support will hold inside $7200-$7500, as we all knew that inside this industry everything is possible, we can see upwards but yet we are also expecting downfall, the good thing here is we are continue to follow the trend and play well then we can do both long and short trades, it's just depend on how we assess and how we trust the chain, still I'm optimistic that the third quarter will bring more green to us we just need to wait and see the outcome result.

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May 30, 2018, 03:39:18 PM
 #14

I agree, mkt was ovesold and a reaction was imminent, the point now is to see the next move, I believe many are waiting to sell, so next upmove is limited unless a spike above 8000 happens, stay tuned!
There is strong support from BTC at 7k2-7k4 $ so I think BTC will recover in the next few days. I confidently predict that BTC could reach $ 11k in June as the market recovers.
To see the price go up from 7.5k to 11k in one month we would need to see something that can trigger a massive wave of FOMO, a lot of buying pressure that could make the price skyrocket in weeks. Unfortunately, in the current state of the market (bearish), I simply don't see this happening, 10k is still far away, 11k is out of the question, specially if we consider that there's going to be a strong resistance as we get near the 9k-10k range...all in all, we should lower our expectations a little bit, instead of expecting a massive surge in the price, we should expect some consolidation around the 8k-9k range.
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May 30, 2018, 03:54:20 PM
 #15

I agree, mkt was ovesold and a reaction was imminent, the point now is to see the next move, I believe many are waiting to sell, so next upmove is limited unless a spike above 8000 happens, stay tuned!
There is strong support from BTC at 7k2-7k4 $ so I think BTC will recover in the next few days. I confidently predict that BTC could reach $ 11k in June as the market recovers.
To see the price go up from 7.5k to 11k in one month we would need to see something that can trigger a massive wave of FOMO, a lot of buying pressure that could make the price skyrocket in weeks. Unfortunately, in the current state of the market (bearish), I simply don't see this happening, 10k is still far away, 11k is out of the question, specially if we consider that there's going to be a strong resistance as we get near the 9k-10k range...all in all, we should lower our expectations a little bit, instead of expecting a massive surge in the price, we should expect some consolidation around the 8k-9k range.
In the coming summer months Bitcoin will fluctuate between 7K - 9K marks. But it is impossible to predict the cost of Bitcoin to the full extent, because there are no factors on which to orient.
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May 30, 2018, 04:29:10 PM
 #16

It seems that green color motivates people to be optimistic about the price.
The price of the Bitcoin has been low for the past week, so the market seems to be seeing a bullish correction towards the $ 8000 barrier.
The stability is at $ 8000, i.,e. a high or low correction will follow unless there is a real shift as good news "LN, accept bitcoin, new service,...etc."

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May 30, 2018, 05:21:48 PM
 #17

This is the breakout that will lead us to $8,000. I think the market is going to witness a new era to bull movements. I was actually expecting the spike because the market has been over sold since weekend. Whoever did not invest now is likely won't have a chance to buy low for a longer time.

I wouldn't jump to any conclusions if I were you. what we had is just a small recovery, just like when a correction happens after a fast and big rise, this recovery is also because we have had a fast and huge drop.
there also isn't any signs of a bull market movement as of yet. we may or may not see $8000+ but until I see $9500 and the breakout above $10k I would say we are in a bear market.
Movement would really be just on minimal range and its not really realistic to think that we would able to hit up even 9k usd price on easy way. We did able to see btc to rise its price on 7.5k which its already a breakout on a resistance if we do try to look out on Technical analysis but we do always or normally see a pullback when theres a small bump and now we are seeing decreasing on price again.If this kind of movement will continue until the 3rd quarter then its possible it will go through the end or rest of the year where we do see bears.

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May 30, 2018, 06:45:30 PM
 #18

This is the breakout that will lead us to $8,000. I think the market is going to witness a new era to bull movements. I was actually expecting the spike because the market has been over sold since weekend. Whoever did not invest now is likely won't have a chance to buy low for a longer time.

I wouldn't jump to any conclusions if I were you. what we had is just a small recovery, just like when a correction happens after a fast and big rise, this recovery is also because we have had a fast and huge drop.
there also isn't any signs of a bull market movement as of yet. we may or may not see $8000+ but until I see $9500 and the breakout above $10k I would say we are in a bear market.

Yes, the $10,000 is the target before the current drop and so, if you are still seeing that support area, I wouldn't doubt that.  I'm still optimistic that whenever that $10,000 is broken,  that means we have moved into another sphere of the market.

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August 14, 2018, 02:31:20 AM
 #19

It's a pity that it's just a guess and can't fit the real situation.

Because at this moment when I write this thread reply, Bitcoin is priced at $ 5,800
It is very painful for us as holders of Bitcoin.
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August 14, 2018, 02:49:50 AM
 #20

it was a very good increase, and even though currently the btc has experienced a price decline again I don't think that will be too much of a problem, because we have to believe prices will recover again.
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