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Author Topic: Great run with Bitcoin!  (Read 203 times)
cellard
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July 25, 2018, 11:27:47 PM
Last edit: July 25, 2018, 11:38:28 PM by cellard
 #21

We are not seeing a strong sign of bull run. This run is caused by ETF expectation. And the ETF decision is delayed. We may see a huge reversal if the ETF approval is denied.

We might see a reversal if it is approved as well. Buy the rumor, sell the news, you know.

This. But anyone with a functional brain should pick that dip, if it happens. Bitcoin was getting oversold at below $6k, anything below $6k was a steal.

If there is a sell the news event, I expect a big short squeeze. This should get rid off all the speculators/noobs that FOMO into thinking the ETF is relevant for Bitcoin's long term success, when this happens (and once again noobs think "Bitcoin is dead") the smart money will then take advantage of the cheap prices and go all in, and the bull run will quickly resume.

Similar to this:

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July 25, 2018, 11:44:03 PM
 #22

We are not seeing a strong sign of bull run. This run is caused by ETF expectation. And the ETF decision is delayed. We may see a huge reversal if the ETF approval is denied.

We might see a reversal if it is approved as well. Buy the rumor, sell the news, you know.

This. But anyone with a functional brain should pick that dip, if it happens. Bitcoin was getting oversold at below $6k, anything below $6k was a steal.

If there is a sell the news event, I expect a big short squeeze. This should get rid off all the speculators/noobs that FOMO into thinking the ETF is relevant for Bitcoin's long term success, when this happens (and once again noobs think "Bitcoin is dead") the smart money will then take advantage of the cheap prices and go all in, and the bull run will quickly resume.

Similar to this:


Exactly! if we hit another bottom again, then expect a big pump after that. News affecting the market so much, and if you see the picture stated here, big investors are always coming when we already hit the bottom. This happen all over in the past and I think this will happen again this year as everyone waiting for a good decision about that ETF.

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July 26, 2018, 04:53:52 AM
 #23

In the past months we are experiencing a bear trend
the "bear trend" ended about 2 months ago. you are way too late Cheesy

It all depends on the charts you're looking at. If you purely focus from last year's peak to where we are right now, you'll see a clear pattern where we constantly hit lower lows and lower highs. In order to actually jump out of this bearishly tinted down trend, we have to break $10,000 without it being a false (short lived) breakout. It's not going to be easy, but it's not impossible either. Give it time and we'll see where we go from here; don't consider the market to be out of the danger zone already.

If we dip below $6000 again, prepare for much lower levels.

the bear trend began when the drop started which was this year after at least 1 month of rise not last year where we were still rising up. and the patters has so far been with a fixed low which we hit at least 3 times and nearly the same high in $9k levels which we have tested at least 2 times and we are possibly headed there right now too.
the only problem i see with the current rise is that it is littered with ETF news so it can be affected by it greatly and that can determine the result of the current rise.

we have already dipped below $6000 multiple times and each time it couldn't last so i wouldn't worry about it that much. it is a strong support which won't be broken with no reason.

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July 26, 2018, 06:16:35 AM
 #24

It's definitely increased both in volume and value which indicates it may be starting a solid recovery

No decision on the ETF front until September so it may not take off further until it gets closer to then but this is a good beginning to an uptrend so far

 
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July 26, 2018, 07:05:32 AM
 #25

In the past months we are experiencing a bear trend but the sign of reversal comes out and now we are seeing a great run with bitcoin. I'm wondering if people are still doubting about bitcoin after this trend. The volume of buying is very strong, I expect $10k in a short run. Some of my advice to those who are new in this market just like me:

Red Market is opportunity to buy - I enter in cryptomarket last month during a bloody market, through my experience in trading I know its a good to buy when people are panicking. I trust the red market with bitcoin and now profit is coming to me.

Improve your skills - Analytical ways of thinking is very important in the market, learn more about trading and how to use some of the indicators this can help you to read the market.

Its great also to have some mentor in real life where you can actually ask for some advice. Have a profitable trade everyone! Smiley

Bitcoins today is actually running good since there are people who are continuously investing and it already reached $8k dollars , this is a good sign that bitcoins will pump up again before the year ends.

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July 26, 2018, 08:27:19 AM
 #26

In the past months we are experiencing a bear trend
the "bear trend" ended about 2 months ago. you are way too late Cheesy

It all depends on the charts you're looking at. If you purely focus from last year's peak to where we are right now, you'll see a clear pattern where we constantly hit lower lows and lower highs. In order to actually jump out of this bearishly tinted down trend, we have to break $10,000 without it being a false (short lived) breakout. It's not going to be easy, but it's not impossible either. Give it time and we'll see where we go from here; don't consider the market to be out of the danger zone already.

If we dip below $6000 again, prepare for much lower levels.

the bear trend began when the drop started which was this year after at least 1 month of rise not last year where we were still rising up. and the patters has so far been with a fixed low which we hit at least 3 times and nearly the same high in $9k levels which we have tested at least 2 times and we are possibly headed there right now too.
the only problem i see with the current rise is that it is littered with ETF news so it can be affected by it greatly and that can determine the result of the current rise.

we have already dipped below $6000 multiple times and each time it couldn't last so i wouldn't worry about it that much. it is a strong support which won't be broken with no reason.
No matter what happens with the price whether a bouncy fluctuations, it doesn't give an impact to strong holders. When you knew the exact capabilities of bitcoin, it will have to reach for further potential price which will be based on it's history. With last year's run we already seen how profitable bitcoin was, so we're heading towards $9k it could have much greater potential to more than $20k. I could've predict for this year, but certainly it will in sooner time.

 
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ophyrim
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July 26, 2018, 01:09:58 PM
 #27

In the past months we are experiencing a bear trend
the "bear trend" ended about 2 months ago. you are way too late Cheesy

It all depends on the charts you're looking at. If you purely focus from last year's peak to where we are right now, you'll see a clear pattern where we constantly hit lower lows and lower highs. In order to actually jump out of this bearishly tinted down trend, we have to break $10,000 without it being a false (short lived) breakout. It's not going to be easy, but it's not impossible either. Give it time and we'll see where we go from here; don't consider the market to be out of the danger zone already.

If we dip below $6000 again, prepare for much lower levels.

the bear trend began when the drop started which was this year after at least 1 month of rise not last year where we were still rising up. and the patters has so far been with a fixed low which we hit at least 3 times and nearly the same high in $9k levels which we have tested at least 2 times and we are possibly headed there right now too.
the only problem i see with the current rise is that it is littered with ETF news so it can be affected by it greatly and that can determine the result of the current rise.

we have already dipped below $6000 multiple times and each time it couldn't last so i wouldn't worry about it that much. it is a strong support which won't be broken with no reason.
No matter what happens with the price whether a bouncy fluctuations, it doesn't give an impact to strong holders. When you knew the exact capabilities of bitcoin, it will have to reach for further potential price which will be based on it's history. With last year's run we already seen how profitable bitcoin was, so we're heading towards $9k it could have much greater potential to more than $20k. I could've predict for this year, but certainly it will in sooner time.

I agree 6k was the dip (third time). I don't know what do you need to see that 6k was the dip. Are you going to believe after another all-time-high?
We need a correction now. And during the correction, you are going to see more people who think that the price is going to see 5k or 4k USD.
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July 26, 2018, 04:00:37 PM
 #28

$10,000 is a short-term target. The gap between $8,400 and $10,000 is not very large, but it reflects the confidence of the market. So $10,000 is a breakthrough for the market.

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July 26, 2018, 04:46:22 PM
 #29

lucky for those who still believe to invest dibitcoin when the red market, now they start smiling by seeing bitcoin slowly recover and pumping, because they will benefit from what they invest. which is affected by the FUD when the dump price, now can only bite the finger as an explosion of disappointment.
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July 26, 2018, 05:05:38 PM
 #30

There's a chance that it will hit the $10k mark early but we should also expect some small corrections during the trend, bear market last time was the hell of a roller coaster ride from $10k to $6k then we are still passing the $8k mark, buy the dip if you firmly believe that the crypto will moon in due time and the assurance belongs to bitcoin as it is proven in the latter run of its life.

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July 26, 2018, 06:10:23 PM
 #31

The gap between $8,400 and $10,000 is not very large, but it reflects the confidence of the market. So $10,000 is a breakthrough for the market.

If we happen to reach that level, we won't be able to keep it up for a longer while. Current increase isn't what people think it is. An approved ETF means we still might have to wait 7 more months, which is a very likely scenario with how slow the SEC is when it comes to crypto. Them approving an ETF will make Bitcoin stronger and more valuable in the long term, which understandably isn't something authorities are willing to contribute to. Caution is the most important thing to focus on with how fragile the market is, an approval won't change anything in the short term....
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July 26, 2018, 06:38:01 PM
 #32

$10,000 is a short-term target. The gap between $8,400 and $10,000 is not very large, but it reflects the confidence of the market. So $10,000 is a breakthrough for the market.
The last time we attempted to break 10,000$ it send Bitcoin all the way back to 5,900$ so I wouldn't be surprised if that happened when Bitcoin decides to continue this rally it currently having, if we want Bitcoin to really be back on the up trend we really don't need to hope in Bitcoin on rushing to close the gap between 8,400$ and 10,000$ as the faster we go to that level the harder we will fall back again. Let us just not hope that we see another crazy price jump one after another, it would really be bad for us.

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July 26, 2018, 07:29:17 PM
 #33

The gap between $8,400 and $10,000 is not very large, but it reflects the confidence of the market. So $10,000 is a breakthrough for the market.

If we happen to reach that level, we won't be able to keep it up for a longer while. Current increase isn't what people think it is. An approved ETF means we still might have to wait 7 more months, which is a very likely scenario with how slow the SEC is when it comes to crypto. Them approving an ETF will make Bitcoin stronger and more valuable in the long term, which understandably isn't something authorities are willing to contribute to. Caution is the most important thing to focus on with how fragile the market is, an approval won't change anything in the short term....

I believe the $6000 bottom will hold (well if not exactly $6000, the around that $5500-ish area, because that is the actual bottom). So we would be looking at a quadruple bottom scenario... pretty crazy, but this is Bitcoin after all, I think it's plausible.


If all this hype has been due ETF and it doesn't hold, I guess we may actually test these $4900 predicted resistances by some bears, but at this point anyone that isn't a total retard is aware of how cheap Bitcoin is, I would be surprised these ranges last. I would start buying as much as possible monthly at these rates, I mean it is insane. Bezos' fortune is bigger than Bitcoin and some people argue Bitcoin is overrated.
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July 26, 2018, 07:30:34 PM
 #34

Yes and hoping it will last for a month but if it's just a trap then this is considered as manipulation of the price. What more we are expecting from this bull run is the breaking of the next resistance. We do hope it will happen soon or in the next month.

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July 27, 2018, 12:17:29 AM
 #35

In the past months we are experiencing a bear trend but the sign of reversal comes out and now we are seeing a great run with bitcoin. I'm wondering if people are still doubting about bitcoin after this trend. The volume of buying is very strong, I expect $10k in a short run. Some of my advice to those who are new in this market just like me:

Red Market is opportunity to buy - I enter in cryptomarket last month during a bloody market, through my experience in trading I know its a good to buy when people are panicking. I trust the red market with bitcoin and now profit is coming to me.

Improve your skills - Analytical ways of thinking is very important in the market, learn more about trading and how to use some of the indicators this can help you to read the market.

Its great also to have some mentor in real life where you can actually ask for some advice. Have a profitable trade everyone! Smiley

Does people really have doubt during these bear market? I don't believed. Only those who are not used to price decrease are the one who put on doubt especially the 2017 peeps because they didn't fully understand the risks upon entering crypto market.

Eventhough no such thing as changes in price movement today, still there are lots of reasons to believed that a price rise, not just a simple price rise will soon happened.

When? Obviously no one knows

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July 27, 2018, 02:04:57 AM
 #36

In the past months we are experiencing a bear trend but the sign of reversal comes out and now we are seeing a great run with bitcoin. I'm wondering if people are still doubting about bitcoin after this trend. The volume of buying is very strong, I expect $10k in a short run. Some of my advice to those who are new in this market just like me:

Red Market is opportunity to buy - I enter in cryptomarket last month during a bloody market, through my experience in trading I know its a good to buy when people are panicking. I trust the red market with bitcoin and now profit is coming to me.

Improve your skills - Analytical ways of thinking is very important in the market, learn more about trading and how to use some of the indicators this can help you to read the market.

Its great also to have some mentor in real life where you can actually ask for some advice. Have a profitable trade everyone! Smiley
The bull season might be a little more further away than what we expect. SEC rejected the second ETF proposal, and the market crashed after that. This whole ETF thing has got people's attention, and this is the crazy big thing, just like last year's Jamie Dimon bull crap. Hopefully we will start recovering from September.


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Herbert2020
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July 27, 2018, 05:08:28 AM
 #37

$10,000 is a short-term target. The gap between $8,400 and $10,000 is not very large, but it reflects the confidence of the market. So $10,000 is a breakthrough for the market.

it is not large in any sense at all!
from $8400 to $10000 is only a small step of 19% rise which can even happen in a couple of hours but will probably take a couple of days. the problem is not going from $8400 to $9800ish the problem is going the last about $200 to break the $10k resistance otherwise from about $7k to $9.8k there is no much resistance in my opinion based on what we have seen from previous pushes.

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July 27, 2018, 10:04:00 AM
 #38

In the past months we are experiencing a bear trend but the sign of reversal comes out and now we are seeing a great run with bitcoin. I'm wondering if people are still doubting about bitcoin after this trend. The volume of buying is very strong, I expect $10k in a short run. Some of my advice to those who are new in this market just like me:

Red Market is opportunity to buy - I enter in cryptomarket last month during a bloody market, through my experience in trading I know its a good to buy when people are panicking. I trust the red market with bitcoin and now profit is coming to me.

Improve your skills - Analytical ways of thinking is very important in the market, learn more about trading and how to use some of the indicators this can help you to read the market.

Its great also to have some mentor in real life where you can actually ask for some advice. Have a profitable trade everyone! Smiley
good strategy, I agree with your experience and I got to experience it by entering the market which at that time in red condition with the tempo and long distance I use panic someone by buying their coins and while waiting time and a little patience I sell when the middle man sounded with sleep and at that time the market conditions are green, my suggestions read more the state of the market and the existing references, especially marketcap or exchange trustworthy hopefully useful and successful for all of us
SpringfieldM1A
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July 27, 2018, 11:46:24 AM
 #39

Nice,  it interesting to see a newbie who entered into bitcoin and invested at the right time and made his profit. But don't be carried away OP, usually bitcoin investment is not a quick money investment. Many investors have invested for many months and are holding patiently. Guess they might have sold off. But know that the price we have recently is not going to be the late price of bitcoin.

They all must be right. There is absolutely no one that does not want to have enough money to be investing into the downward trend of the market as it is right now. We all expect a lot from bitcoin in the future which I believe there is no way anyone who is smart will not know there is a lot of room for a huge growth in the long term based on bitcoin hitting the mainstream with a high level of usage as a currency and adoption at a huge rate.
This is what we are all looking to see happen, and so far, investing more now at this point in time with the market dip is one thing no one should be missing.
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July 27, 2018, 03:34:06 PM
 #40

Lol the first round of ETF rejections (the one by the Winklevoss Brothers) already played out as I expected here:

https://bitcointalk.org/index.php?topic=4741677.msg42879165#msg42879165

Big red candle, followed by a big green dildo candle a couple of hours later when the noobs are shaken out and the smart money jumps in to buy the dip.

Next round in august when the other ETF gets rejected (I think it's a bit delusional to think it will get passed, basically the only way the SEC can pass an ETF is if the market is rigged by them, just as any other SEC-backed market, something you can't do with Bitcoin) and then same thing. Big dip, noobs shaken out, "oh no Bitcoin is dead", followed by a period of nothing happening, then the next big green candle.
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