Where next? Preparing the ground for the big players!

[figmentofmyass]

We call it Dullness Market

There is No good trades and no good positioning on Dullness Markets, only scalping a few points.

But the analysis is:

1- The market reached its Selling Clímax
2- The phases A and B off an acumulation Had been conclued
3- NO sign of strength yet

At the moment we see no buyers and no sellers, each time the new high became smaller then the last one, but there is no new lows.

this is a good take on the current market. prowdclown, a couple months ago, predicted that we were in the beginning of an accumulation schematic. it looks like he was probably correct. the selling climax occurred and the subsequent attempts downward were bought. and we wait......

I think we are going up this time after several failed rally, Canada has already approved its first bitcoin pension mutual funds, that may influence or have a positive impact on sec decisions. We are going up this time

you got a source for that? i don't see anything when i google it. seems like the last news on the subject was late 2017, when the pension plan investment board head said BTC and the blockchain space weren't “investible” yet. looks they they're waiting a few years before revisiting the topic.

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[Jahmal32]

I think we are going up this time after several failed rally, Canada has already approved its first bitcoin pension mutual funds, that may influence or have a positive impact on sec decisions. We are going up this time

you got a source for that? i don't see anything when i google it. seems like the last news on the subject was late 2017, when the pension plan investment board head said BTC and the blockchain space weren't “investible” yet. looks they they're waiting a few years before revisiting the topic.
[/quote]

Maybe he meant it!
https://www.segodnya.ua/economics/kriptovalyuta/v-kanade-zapustili-bitcoin-fond-kollektivnyh-investiciy-1170074.html
But again, I'm leaning more towards technical analysis!

[Diced90]

I think the next phase in the crypto market is headed for a small uptrend with a short duration quickly followed by a downtrend. BTC will be down again.

[seramania]

based on the graph maybe the price of bitcoin will drop back in the foreseeable future as the last decline and after that the price of all coins will return to the highest position. so maybe this is a temporary downward trend and will return to the highest position at the end of the year.

[dillonplayadoe]

I believe we will be going up.  Been bouncing around down here for a while now.  If we wanted to tank to 3-4k I think we would have done it by now.  Sept 30th is gonna be really interesting though.  Whatever happens on that date I think we continue on that path for a while. 

[kotajikikox]

Actually people hoping the ETF approval are become successful this coming judgement decison, but for me is doesn't matter if the approval are faile.

The speculation came from the popular personality of even expert are doesn't means accurate, that people relaying also their speculation base in the community discussions.
That's only my own opinion and analysis

[kidflash]

I don't know about technical analysis. But the end of September will start bullish. Because I've seen charts from year to year. I hope next bull run.

[leeheidrick]

I think prices will continue to decline over time, and the market is critically in need of new investors to recover asset prices, this is evident from the picture you show in this post,
https://s15.postimg.cc/jjs2edw7v/BTCUSD.png

[hoavantathan]

6500$ is the resistant point of Bitcoin. The chart shows us bitcoin is stable now. I think it's in the recovery progress.  Maybe it'll come back soon. We should wait for that.

[wairawein]

I think will up, the market has dropped a lot and will soon have capital poured into the market.

[Btc Specialist]

Now the price of bitcoin is low that means this is not remainig same the long time.Price will be high.If this year price not high then i tell strongly next year price will be high.

[Jahmal32]

I believe we will be going up.  Been bouncing around down here for a while now.  If we wanted to tank to 3-4k I think we would have done it by now.  Sept 30th is gonna be really interesting though.  Whatever happens on that date I think we continue on that path for a while.  

Yes, it will be logical to move in a triangle now, and by the end of the month we will mark a new top in the area of 7 000$, we will approach the decision on ETF, again there will be a rollback, and then there will be a breakdown. Now you need to closely monitor these developments, I do not believe that we will get a new high, but 10 000$ I think we will overcome!

I am confused by short positions on Bitfinex. What can we expect from this? A sharp fall or a bear haircut!
https://www.tradingview.com/x/BWuz0TyU/

[St4yInTh3D4rk]

The prices should move in the upward trend towards the end of the year but now the prices looks stable and we will see the upward or downward trend towards end of Sep after the decision of the ETF approval.

[aoihs00]

I think it doesnt matter if the ETF conclusions are gonna be positive or not because lets think about the time when there was no thing like ETF which is existed even when the crypto went ATH and without any such support. I guess until the time ETF notices started coming up, the crypto was in good state and if one more time ETF goes off the chart then also crypto may come back even faster because people wont be having any fear of the bitcoin crash or market crash itself and thus it will help people go think about the crypto in positive way one more time and thus they may just invest in it more promptly than the current time.

[Jahmal32]

I think it doesnt matter if the ETF conclusions are gonna be positive or not because lets think about the time when there was no thing like ETF which is existed even when the crypto went ATH and without any such support. I guess until the time ETF notices started coming up, the crypto was in good state and if one more time ETF goes off the chart then also crypto may come back even faster because people wont be having any fear of the bitcoin crash or market crash itself and thus it will help people go think about the crypto in positive way one more time and thus they may just invest in it more promptly than the current time.

Is unlikely to come to that portion of the people who invested in the hype and went down very much dissatisfied. But again, the price does not always depend on the arrival of new investors or some important news! Such a liquid instrument as BTC will always have supply and demand,and it will draw us a chart from which it will be clear where the price will go. Big players understand that!

[Kevin77]

No one can even start to guess what bitcoin could do.
Sometimes it goes up sometimes it goes down. Regularly we just assume that the price of bitcoin will do whatever it wants and we are just going to follow it. Consider it like this, we are in a car (a bitcoin car lol) and the bitcoin is the driver, we are just passengers in that car.

Bitcoin told us it will take us to somewhere and we hopped into the car and right now we are passengers on that ride waiting for bitcoin to drive us to riches. Whether it will or not, we decide ourselves, we can keep on being in the ride or we can ask for a stop and leave the ride.

[Reid]

I don't consider Mike Novogratz calling bottom to be something to add value to, especially with how biased he is with significant crypto holdings at risk. Market makers don't care about these entities.

If the price is destined to go down, it simply will, regardless of who is calling bottoms. I'm ready and somewhat do expect another sub $6000 visit either this or next month. Time will tell whether support will yet again hold.

I'm not trying to sound bearish, but being overly optimistic has only resulted in disappointment this year. I'm trying to maintain a healthy/neutral balance to not get bothered if the price goes down again.

Expect the unexpected!

Me. Yes that is me too.

Trying to just stay away with the pricing of all the crypto but when you are in this forum it seems difficult to really get away from it.
Having internet is sometimes a bad thing. You cannot just forget about what is being said here and then try to take a little peek of the current price.

I am just hoping the followers of this Mike Novogratz will not blindly follow it and instead look for another picture of what is really going on.
The market cannot be predicted by one person. Not even Satoshi. Yes, I dont think so.

[Fenixsfeather]

I don't believe in rising of crypto. Probably courses will staying in the same position.

[iv4n]

I don't believe in rising of crypto. Probably courses will staying in the same position.

It wouldn`t be bad at all to stay where we are now, nice bottom, the highest ever, but be sure that we will see higher prices in the future. Entire year bitcoin price is around this price, and I believe as winter is coming that`s how price will start to rise again, we will get closer to 10k dollars before new year and if everything turns alright we will stay there. That isn`t some big rise, big rise I expect after next halving in 2020, we are closer and closer to that point, but until that price will be here or at 10k, we can expect fluctuations in this range. That`s not a bad range at all, it gives a lot of space for us traders to make some profit.

[milewilda]

I would like to hear the opinion of more experienced traders, what are the possible layouts, what is the probability of breaking the lower boundary of the triangle?

Im aint an expert trader but first we do talk about on technical aspect which we can see the price been forming two symmetrical Triangle twice on a timeframe but we do see on how the price able to sustain that consilidation period.Therefore, guessing out the next price movement will matter on fundamentals since it do neglects the technical which possibly the next movement will matter into those news.Im not really keen
on checking out ETF events but this one can make some affect in fact.