Where next? Preparing the ground for the big players!

[Jahmal32]

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.

Yes, I have heard many times that bitcoin does not lend itself to technical analysis, and it is necessary to start from the fundamental. But again opinion is divided. The instrument is actually very unpredictable and no trader is ready for that. Except for scalpers, of course!

[1715123021]

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[Slow death]

We are approaching an important event, ETF applications will be considered at the end of September.

And with this event, we will see price increase or price drop, what worries me will be the price drop, if we are in the $6300, we will fall for what price? This is my big concern.

Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno

These analysts lie a lot, so we should not believe them.

Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/

" intends ",

still not something concrete, so we should not take it seriously

[millensharon8]

That is going to be a big guess. The market acts the way it wants to and no one certainly knows where it is headed next. Although we can see the $6k region trying hard to hold on strongly, but where we go now is based on if we get enough volume to break out from the wedge formation or the bears will drive it back down hard over again.

[Jahmal32]

We are approaching an important event, ETF applications will be considered at the end of September.

And with this event, we will see price increase or price drop, what worries me will be the price drop, if we are in the $6300, we will fall for what price? This is my big concern.

Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno

These analysts lie a lot, so we should not believe them.

Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/

" intends ",

still not something concrete, so we should not take it seriously

Yes, I take that into account, thank you for your attentiveness. But in my opinion, the circumstances are reduced to the fact that both technical and fundamental analysis is reduced to one place, namely the date of consideration of the ETF, and the exit from the formation. And the momentum after such events will be strong.

[Cryptodiscuss]

We are continuously hitting lower highs and lower lows. We should break 7500$ if expect to break this trend, and if we dont, lets just hope we don't fall under 6k, cos then we go down for sure!

[Sony.UK]

We are continuously hitting lower highs and lower lows. We should break 7500$ if expect to break this trend, and if we dont, lets just hope we don't fall under 6k, cos then we go down for sure!

Agreed and i wanna say one thing. Recent days why people are buzzing on other section to create the various topics regarding speculation. There is dedicated section for why not people are not using it.
If you looking to invest om any cryptocurrency don't panic and wait for sometime.
There will be perfect and decent bump for sure in future.

[facrael]

Look at TIX on Bittrex. https://ibb.co/dYWgNK
People sold all tokens. Now bulls can easy push price to the moon. Every 6 BTC give +100% to price. I'm sure TIX will give us a good profit. Just check it

[Ranly123]

We are approaching an important event, ETF applications will be considered at the end of September.
Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno/
Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/
From the point of view of technical analysis, we begin to shrink in a triangle, the probability of breaking in the direction opposite to the expected is equally equal, despite the positive news.





Chart short positions rolls over and rests at the level of $ 39,000, which at some point can be a trap for bears! - https://www.tradingview.com/x/XSfaUEhc/
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?

With all the positive article you shared, the market is still the same in terms of it's movement. In other words, those positive news does not have any positive feedback as of now but maybe someday it will.

[Iceblast]

rising will definitely occur, but for some time in the future it will experience a temporary decline to as a first step before experiencing an increase. based on last year's chart too

[Jahmal32]

With all the positive article you shared, the market is still the same in terms of it's movement. In other words, those positive news does not have any positive feedback as of now but maybe someday it will.
[/quote]

Right, it won't take off in a second.

[changxia]

I have always thought that even if Bitcoin can't introduce ETF, it can still develop well, but if ETF succeeds, then the market will grow faster!

[Topcarey]

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.

Yeah the same I think also. The price is almost constant and there are no changes for many times. Nobody can say about the future what will happen but some people give such a bullshit price that will turn your head, like the price will reach to $50k till the end of this year. Now you can imagine how is it possible? In just three months how the price would go from $6000 to $50000?

[Jahmal32]

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.

Yeah the same I think also. The price is almost constant and there are no changes for many times. Nobody can say about the future what will happen but some people give such a bullshit price that will turn your head, like the price will reach to $50k till the end of this year. Now you can imagine how is it possible? In just three months how the price would go from $6000 to $50000?

The price could grow from 5 500$ 12 November 2017 to 19 900$ 17 December 2017!!! It's little more than a month! And also if you watched the news, as recently on the Iranian exchange rate skakanul up to 26 000 $ - https://cryptorussia.ru/news/iranskie-birzhi-byut-rekordy-po-rostu-kursa-na-bitkoin-26000-za-neskolko-chasov?utm_source=tg&utm_medium=novapress
The tool is unpredictable, so do not be surprised how he can, he will be able to understand the main thing at what point, from what we start!

[rickadone]

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.

Personally as a trader, I will always tend to lean more towards technical analysis than focusing on anything fundamental because it is better to trade what you see than disturbing yourself with things that are not relevant and usually are fake news, and they do not end up driving the market that much as everything is still based on speculation and manipulations anyway.

We are in a bearish condition, and for now, all I can see are the bears trying to take advantage of every scenario, so it all depends on how things would end up going but for now, the small uptrend is what I foresee as well.

[baricuri]

In my opinion, this year will be a good time for us to start trading, as the price of the coins is always going down in the good times for us to buy and wait, and then the market will rise. No one can drop much

[hulla]

Normally the market suppose to be experiencing some pump in price but not going in the IP direct because a lot of shorts posted on major exchanges site and the whales manipulation is also involve. Therefore, the market will go side ways but will experience much dump than pump.

[Ryker1]

It'll go either up or down, but just like what some people said here, most likely we'll experience more dump than pump. As we can see in the market, there's some sudden increase of price, but it's slow, while on the other hand there's a big fall after that increase of price. I guess some people or investor take that chance, that's why there's a lot of big fall after the sudden increase.

[spadormie]

This might be the edge of us. This might put us to up. ETF in gold made a great difference and I think that it will do the same for bitcoin. That's what I believe in. I hope that this will be on to yours also.

[Joyawan13]

It'll go either up or down, but just like what some people said here, most likely we'll experience more dump than pump. As we can see in the market, there's some sudden increase of price, but it's slow, while on the other hand there's a big fall after that increase of price. I guess some people or investor take that chance, that's why there's a lot of big fall after the sudden increase.

that is what I see, when there is a sudden increase, but soon the price will come back down suddenly, even if we can predict to trade correctly we will certainly get a big profit, but it is very risky at this time to trade, because Current market prices are difficult for us to be able to predict prices correctly.

[tonyvo2017]

We are approaching an important event, ETF applications will be considered at the end of September.
Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno/
Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/
From the point of view of technical analysis, we begin to shrink in a triangle, the probability of breaking in the direction opposite to the expected is equally equal, despite the positive news.





Chart short positions rolls over and rests at the level of $ 39,000, which at some point can be a trap for bears! - https://www.tradingview.com/x/XSfaUEhc/
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?

I think the next position will be up. The crypto market can make people surprise again. Bitcoin is priced at $ 3,000 and can be up to 10 times more profitable. Altcoins are also extremely potential. Euthereum and Litecoins are two prominent coins. It is not high price. This is not the time to invest in it.