Where next? Preparing the ground for the big players!

[Michaelsch]

Is it better to set up the trading bot? What do you think about Trade Santa bot?

[jack8989]

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/

We all also look forward to the bitcoin ETF review process. It will take place on September 30, but recently the SEC postponed consideration of applications from new York companies Vanek and Solid, due to lack of data from interested in the approval of people.

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.

Updated schedule


Sortovye positions has fallen to levels 28435$


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 next our Crypto market will grow. Because we have been in the bottom for too long and the market has spent a year adjusting for the right things. Therefore, in the year 2019, the market will probably have a clear growth but not too big. So we should have reasonable investment strategies.

[mudasarali43]

It is a good to question but I have few years experience that shows the crypto market in November and December settle the high price of all coins and after some time it will come back but especially in these days the prices were at high but from last months the price continues to the down trend but I hope it will go up in next coming days,

[kopijos]

maybe down is still a trend now, there is no sign of a trend to increase because now the market is in a low position and it cannot be used as a benchmark for price increases. so just hope that by the end of December this could be an increase like last 2017.

[kangbasir]

maybe down is still a trend now, there is no sign of a trend to increase because now the market is in a low position and it cannot be used as a benchmark for price increases. so just hope that by the end of December this could be an increase like last 2017.

This November was too dramatic because various speculations could still be countered, but seeing some small increases in Altcoin made me think that the market would also be prepared to make BTC experience something similar in December, I positively welcomed the BAKKT plan and I considered it a pioneer of lifting and reflecting better price sentiment.

[metribitcoin]

Iam still very bullish with Bitcoin and others cryptocurrency, so i will say the price of Bitcoin will going up. From technical analysis the price of Bitcoin staying strong on the level support and from fundamental analysis there are alot of good news around crypto. Soon or later Bitcoin will push and rally to the new high level. Now Stocks market crash and alot of investor will move their money in to crypto, this is other factor that will create bull market in crypto.

[AlutBitcoin]

maybe down is still a trend now, there is no sign of a trend to increase because now the market is in a low position and it cannot be used as a benchmark for price increases. so just hope that by the end of December this could be an increase like last 2017.

I believe that the market is not going to decline anymore and will rather rise in future as there have been great speculations about it lately and will in addition get boomed if the good investors invest big.

[Cliarbikr]

2 days ago it became clear where we were moving all this time. I assumed such a development of events, but to the last hoped that the market would go up

[Baby Dragon]

Well it depends man but am probably guessing we will be moving up really soon from the way things are actually moving. Lets just hope we dont get another melt-down

Many people expect that the price of bitcoin will gonna go up but nothing happen. And do not ever expect for the bull run in this coming of December just like happen last year. As you can in the market the price of bitcoin can be dropped and I think its hard to say that in the end of this there will no any bull run.

[fulmetal08larz]

Whatever doesn't come down any further must be going up within the remaining one month and 2 weeks of the year. If not this year, anytime next year is a possible reversal. Do not expect too much though as the public does not seem too attracted with the way thing are going on now. I may be wrong, but it is still better to look at the two sides of the coin. I'm still hoping though for the prices of most my crypto assets to skyrocket.

[minairia3]

If the btc will not hold or recover to 8k after the ETF it won't regain its momentum to up again to $20k until 2020. because more money is needed for that to happen. Even other markets are struggling right now.

[dead_m92]

It is incredible the way that a lot of people were hoping to see a huge return and a huge increase after that crap of the ETF.

I think that it was a huge manipulation from the market, and nothing happened, nothing changed, just as i have expected before.

Lets see how it continues, but i dont think that bitcoin will increase during this month

we are still in a bear market so don't get too excited, this rally is very fragile, dead cat bounce, bull trap, whatever you want to call it, we're still in a down trend and I don't expect that to change. However we are set up well to test resistance over the next week

[Yamifoud]

If the btc will not hold or recover to 8k after the ETF it won't regain its momentum to up again to $20k until 2020. because more money is needed for that to happen. Even other markets are struggling right now.

Even BTC will reach again into $8k still there is no assurance that it will bring back its ATH shown last year for the next couples of years.  The market seems to be hard for now and investors have lessen their interest on this form of investment due to losses they'll get from unexpected huge dump since January.

[Jahmal32]

Yes, I agree. For bitcoin now will be a difficult time. the lower it falls, the less confidence remains to him. Quick money ran out. We'll have to wait a couple of years, I think.

[NoobyIntellecutual]

Is it better to set up the trading bot? What do you think about Trade Santa bot?

The market is nor red all the time. It fluctuates in its own circle and change phases. Right now, the recessionary phase has faded to a high extent and within months to come, it will shift to the boom.

[jems]

If the btc will not hold or recover to 8k after the ETF it won't regain its momentum to up again to $20k until 2020. because more money is needed for that to happen. Even other markets are struggling right now.

Even BTC will reach again into $8k still there is no assurance that it will bring back its ATH shown last year for the next couples of years.  The market seems to be hard for now and investors have lessen their interest on this form of investment due to losses they'll get from unexpected huge dump since January.

Only a few investors have high confidence to stay in bitcoin or those who really are in the long run. And the rest? I'm sure many of those who are starting to despair even decide to withdraw from crypto.

[Maricel2017]

I have huge hope that the market will going up now because i am thinking positive that my investment will make huge profit at the end of this year like what happen at the end of 2017.
But still there are many people are weak and huge fear to lost their investment that is why they do panic selling which is not good for now.

[West0813]

The market is dropping big now. But i have always high hopes that the market will still recover soon. If the market did not recover this year. Next year will be the year of cryptocurrency.

[South Park]

The price will probably go up during the next weeks and it is going to go back to its previous levels, many are predicting a price even lower than what we are seeing right now but that doesn't seem possible because the more the price goes down the more resistance the bears are going to find from the bulls, so a price below 5000 is probably not going to happen.

[stayeduptolate]

The price will probably go up during the next weeks and it is going to go back to its previous levels, many are predicting a price even lower than what we are seeing right now but that doesn't seem possible because the more the price goes down the more resistance the bears are going to find from the bulls, so a price below 5000 is probably not going to happen.

Many people have predicted a price below 5k in the end of this bull run that is currently taking place and that it will have a negative impact on bitcoin price. But what i think is the same as of you that bitcoin price won't go down below the 5k range as there will be a rush to buy such cheap bitcoins as compared to when it was in the $10k above range, so I predict that even if the price go below current price then below 5k isn't possible at all in the future.