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vit05 (OP)
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September 19, 2018, 07:19:23 PM |
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 What do you think about? It is clear that there is a great opportunity there. But I do not know exactly what is going on. It will crash to 5600 or go up to 7100? |
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jvdp
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September 19, 2018, 07:52:43 PM |
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What do you think about? It is clear that there is a great opportunity there. But I do not know exactly what is going on. It will crash to 5600 or go up to 7100? Even you will be find the more than this expected value for sure. As I noticed every month there is de days we are seeing decent bump in the marketplace. If all the value goes correct then investors and newbie will be increased gradually. Looking forward to see the market same like how we saw in the last year this month. if that happens again then market will be boom back faster than anything. |
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Dreamchaser21
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September 19, 2018, 08:06:07 PM |
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I saw so many trend like this, if you look at the volume side its a weak pump and maybe we are still in head and shoulder form. Its not a bull trend yet too early to say that but it can be a bull trap as volume is not that good. More trading days before to confirm if its a bull trap or not.
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Docnaster
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September 19, 2018, 08:11:58 PM |
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Personally I think it's price manipulation on Bitfinex, such sudden movements like this can only be the result of price manipulation if there's no FUD/FOMO around, and since I haven't heard any significant news one way or the other, such a spike appears completely unjustified, and hence is the result of suspicious activity.
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Daniel9140
Jr. Member
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Activity: 252
Merit: 1
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September 19, 2018, 08:25:31 PM |
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I think is more of a bull trap but we need to be more careful to know its direction. Cryptocurrency is volatile and as such, utmost care is needed in this industry
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boristhebat
Jr. Member
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Activity: 95
Merit: 1
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September 19, 2018, 08:29:06 PM |
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What do you think about? It is clear that there is a great opportunity there. But I do not know exactly what is going on. It will crash to 5600 or go up to 7100? It's to risky to attempt to play the move down under 6k. Bitcoin does not seem to like it down there and its failed to push through for an extended time. I would make a bet on a bull move with tight stops in case the market turns to shit. Lots a room to go up. Down move seems limited to me. |
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mostkey
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September 19, 2018, 09:51:44 PM |
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Often I don't really believe in pumping like that, in the last few days we only found a small lump where it was just a whale trap, it was too early to talk about the bull market, it was worth reckoning before trading, very strange in these conditions with Market saturation without something big, there are many examples yesterday that many people who have been trapped in panic buy and panic sell at low prices, just wait how far it goes.
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palle11
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September 19, 2018, 10:02:48 PM |
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I can see a hammer formed candlestick. Such hammer candles usually indicates either indecisive market or price revisal. Price revisal may however lead to continuation of the previous price movement. Thus, from what price is today at $6,440 , this could mean we have approached the bullish trend.
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hirngespenst
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September 19, 2018, 10:18:50 PM |
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Same market trend but different people see the different price! But I will not surprise if the bitcoin price goes to 5100 USD or 4300 USD. Because o already prepare for the 4K USD of the bitcoin. It can go to 7100 USD and even 4300 USD! But, 7100 USD is not a bull market things, Rather 5100 USD will be the bearish moment of the year.
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creeps
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September 19, 2018, 10:31:46 PM |
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Same market trend but different people see the different price! But I will not surprise if the bitcoin price goes to 5100 USD or 4300 USD. Because o already prepare for the 4K USD of the bitcoin. It can go to 7100 USD and even 4300 USD! But, 7100 USD is not a bull market things, Rather 5100 USD will be the bearish moment of the year.
Yep, small pump with bitcoin is not a bull market maybe you are right that we will still see bitcoin hitting the bottom. The market are still weak in terms of volume and that is why people still believe that we don’t hit the bottom yet. Well, this is just our thought about the trend but hopefully this is not true. |
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josephdd1
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September 19, 2018, 10:36:21 PM |
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I think we are more likely to be at the cross path between the two and more leaning towards the bear. In my opinion, the market has been struggling for so long to get higher in value but truth is this maybe the real value.
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adaseb
Legendary
Offline
Activity: 3766
Merit: 1718
CoinPoker.com
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September 19, 2018, 10:45:19 PM |
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Basically I wouldn't think too much of this move. We got very illiquid markets both directions and this is nothing but stop hunting.
If you were trading on Bitmex, you would of noticed that the open interest decreased by a large margin after this move.
Basically means that many people were stop hunted or even liquidated. If you looked at the Twitter rekt bot for Bitmex you will see how many people got liquidated both ways.
Hence don't trade these choppy markets, wait for a confirmation before going long and short.
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apityeh71
Member
Offline
Activity: 476
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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September 20, 2018, 12:21:29 AM |
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In my opinion this price action shown the level of support area is strong because when the price going down to around $6100 many buyer take that price and the price going up. Level support of Bitcoin is still strong around $5500 -$6100, and not any sign will broke, and after this will have possibility to going up to $7500 and higher.
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Malandro
Jr. Member
Offline
Activity: 126
Merit: 2
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September 20, 2018, 02:44:56 AM |
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Miners won’t let the price go under 6.000, if it falls down to 5000 or less will be a nice buy and hold opportunity. They can do it because we have a small liquid nowdays, so they aren’t selling at 6.000 to not attract sellers, they are holding the price at 6.000, when the demand appears they sell a bit... we can see this moves at charts so clearly.
This is not manipulation we call them Marketmakers in the financials.
For Volume studies you need to look in others exchanges, some brokers don’t show the real demand, is not manipulation or a kind of error, it’s just becAuse btc is an asset with so many markets that takes a while to spread the will of the whole market.
At the moment we don’t have seller or buyers. If stays like this, the “liquidless” will bring volatility, some high frequencies will appear until the demand normalize. When it’s happened you will be able to watch a slow and consistence trend up movement with consistent volume. So you can sell everything you have (cars, house, etc), take money from banks, do whatever you can to buy BTC. Until there just wait a bit, be patient
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Renaldi blackspadeteam
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September 25, 2018, 12:18:21 AM |
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trap
Yes sir, I think 100% is a trap, I think like this because I have experienced and seen graphics like this on the market and 100% of the price will go down after a fake ride. haha the volume of this trap lol will trap beginner traders in this trap
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chickenado
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September 25, 2018, 02:50:11 AM |
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trap
Yes sir, I think 100% is a trap, I think like this because I have experienced and seen graphics like this on the market and 100% of the price will go down after a fake ride. haha the volume of this trap lol will trap beginner traders in this trap
This is a huge problem that we're facing right now, and based on graphical chart trend it cannot be predicted by just how we judge it. There maybe spikes to swing around the price, and as bull trapped by the bearish market I think it needs a lot of patience for everybody in order to overcome this challenges. Certainly it will recover at a right time, well just have to wait. |
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