Bitcoin Forum
June 24, 2019, 10:17:43 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: BTC/USD update 12/3/2018  (Read 365 times)
mikeywith
Sr. Member
****
Online Online

Activity: 448
Merit: 941


be constructive or S.T.F.U


View Profile
December 03, 2018, 01:05:34 AM
 #1


so overall , i am still bearish on btc. but i am trying to look for every possible chance to trade this market , be it short or long.!




looking at the 4hr chart, btc is creating lower-highs and higher-lows. and right now setting between a support trend (green), and a resistance trend ( red dotted).
the down trend is just a minor one, breaking it will take us to test 4467 area, breaking the green support trend line is a free ticket to rekt city for the bulls.

anyhow a long story short.  the green lines/trend lines are support area. the reds are Resistance. and you know the drill.

for me I am looking for these 2 options to trade.

1 > breaking the green support line to go short and target the lower support lines
2 > breaking 4700$ up to go long because that could be an easy trip to 5.4k to 5.5k.


this is just a zoom in the overall bearish prospective that can be found here > https://bitcointalk.org/index.php?topic=5071613.msg48030883#msg48030883





PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1561371463
Hero Member
*
Offline Offline

Posts: 1561371463

View Profile Personal Message (Offline)

Ignore
1561371463
Reply with quote  #2

1561371463
Report to moderator
1561371463
Hero Member
*
Offline Offline

Posts: 1561371463

View Profile Personal Message (Offline)

Ignore
1561371463
Reply with quote  #2

1561371463
Report to moderator
1561371463
Hero Member
*
Offline Offline

Posts: 1561371463

View Profile Personal Message (Offline)

Ignore
1561371463
Reply with quote  #2

1561371463
Report to moderator
Kemarit
Legendary
*
Offline Offline

Activity: 1302
Merit: 1148


View Profile
December 03, 2018, 10:36:18 AM
 #2

I agree with you that the signs really points out that the bearish sentiments is not yet done. We have tested $4300, but unfortunately its not sustainable and didn't break that resistance. Right now the price keeps on fluctuating between $3900-$4000 so its going be a long week for us specially for those who are really doing short on bitcoin market.

cryptic4000
Full Member
***
Offline Offline

Activity: 372
Merit: 100



View Profile
December 03, 2018, 10:45:26 AM
 #3

I thought it would not be easy to roll the $ 4k7 mark. Because it's up 10%, it will drop to 13%. That is the average of the 3 weeks of the crypto market that I have collected. bull run can not happen. I think it will surpass $ 5k5 in Q2 of 2019.

Yaunfitda
Sr. Member
****
Offline Offline

Activity: 1120
Merit: 269


View Profile
December 03, 2018, 12:16:59 PM
 #4

I thought it would not be easy to roll the $ 4k7 mark. Because it's up 10%, it will drop to 13%. That is the average of the 3 weeks of the crypto market that I have collected. bull run can not happen. I think it will surpass $ 5k5 in Q2 of 2019.

Of course it's not easy to break the $47xx mark and we haven't reach that after the massive sell-off. The fluctuations is really crazy and its really difficult even if we have to chart it. Right now the the OP has to re-visit again as the it is not applicable as this point as it broke the support level again. I'm no longer trading at this point whether short or long, would just wait 2019 and see what it brings.
charlotte04
Full Member
***
Offline Offline

Activity: 504
Merit: 102



View Profile
December 03, 2018, 01:56:15 PM
 #5


so overall , i am still bearish on btc. but i am trying to look for every possible chance to trade this market , be it short or long.!




looking at the 4hr chart, btc is creating lower-highs and higher-lows. and right now setting between a support trend (green), and a resistance trend ( red dotted).
the down trend is just a minor one, breaking it will take us to test 4467 area, breaking the green support trend line is a free ticket to rekt city for the bulls.

anyhow a long story short.  the green lines/trend lines are support area. the reds are Resistance. and you know the drill.

for me I am looking for these 2 options to trade.

1 > breaking the green support line to go short and target the lower support lines
2 > breaking 4700$ up to go long because that could be an easy trip to 5.4k to 5.5k.


this is just a zoom in the overall bearish prospective that can be found here > https://bitcointalk.org/index.php?topic=5071613.msg48030883#msg48030883






Nice. But I am kinda neutral for Bitcoin's move right now since it may start to go up someday because it really had a rough down through.
outsidertrader
Jr. Member
*
Offline Offline

Activity: 41
Merit: 4


View Profile
December 03, 2018, 02:17:11 PM
 #6

Its Healthy to Bitcoin to stay into a Acumulation Range before its starts to rise again.

If it rise to fast by now, the losses fellings at 5k and 6k would knock it down again, even more lower.

We (the market) have to make people believe that its not time to sell, must make the holders forget.

So lets stay on a Range for a while please  Grin.

mOgliE
Legendary
*
Offline Offline

Activity: 868
Merit: 1167



View Profile
December 03, 2018, 02:35:10 PM
 #7

Oppened my first long in two months.

We'll see the 4500$ very soon then go back to 3500$.

BTC is just not capable of going a straight line, it never happened and will never happen. So you got to use the rebounds to accumulate more BTC!

Rashid555
Full Member
***
Offline Offline

Activity: 350
Merit: 100



View Profile
December 03, 2018, 03:03:07 PM
 #8

Bitcoin market is down and we have seen this before two years but the situation was changed and it is not clear that when and how long it will goes but in this bear market long term investment is beneficial and it is endless currency so if down now it will show a rise in the future, Crypto price at present day 3rd of December is very low as compared to the last year December but it can be changed any time.

1Referee
Legendary
*
Offline Offline

Activity: 1918
Merit: 1314

Segwit please.


View Profile
December 03, 2018, 07:09:15 PM
 #9

I'm no longer trading at this point whether short or long, would just wait 2019 and see what it brings.

If we're going to see an even lower bottom, it will very likely be somewhere in Q1 of 2019 which I stated even before we dropped below the $6000 level, and that more than once.

Look up the all time charts and look at Bitcoin's performance in Q1 of each year so far, it's nothing but sharp decreases; https://bitcoinwisdom.com/markets/bitstamp/btcusd

It's smart to start buying small fractions at current levels and leave some for the first couple months of 2019 to go long in a more serious manner. No one knows where the bottom is, so don't expect anyone here or whatever news outlet to be right on that. It could be in already, or we have another 20-30% to drop.

mikeywith
Sr. Member
****
Online Online

Activity: 448
Merit: 941


be constructive or S.T.F.U


View Profile
December 03, 2018, 07:39:59 PM
 #10

I thought it would not be easy to roll the $ 4k7 mark. Because it's up 10%, it will drop to 13%. That is the average of the 3 weeks of the crypto market that I have collected. bull run can not happen. I think it will surpass $ 5k5 in Q2 of 2019.

it is all about price action. if you look at the chart , from 5.5k to 4.7k there is absolutely no sort of any Resistance. if anything TA wise its a fast run zone especially from 5k to 5.5k.

again this is all just wishful thinking, price did drop of the green support line and took a nice dip, took my short and waiting to go long from 3650-3700 if i see a price rejection there. on the other side 3970 is my SL for the short position ( , if we close above it , i will remain neutral.) and wait for the next signal.

Ideally, i want to see a break below the 3600$ for a potentioal test of the 2.7-3k area which i do believe to be a strong bull zone and probably the bottom of this down trend. the sooner we get there the better. but what i think is going to actually happen is nothing but a ranging trend from 3k to 6k for probably a few months. this will be a nightmare for the moon boys but would carry a lot of trading chances. we just need to find a bottom of this trend for now, so we can hide our SL below that so-called bottom.


cindygirl
Full Member
***
Offline Offline

Activity: 280
Merit: 105



View Profile
December 03, 2018, 07:49:20 PM
 #11

Don't see any signicant movements upwards for a long time, even if we break the minor resistance at 4400s it won't take us much higher. Next step is the fall of support levels around 3500 and a new yearly low in the low 3000s. I'm sad to say it because like many I'm ready for the bull run but the reversal isn't here yet. Fortunately with each passing day it comes closer.

██████████████████████ ▀▄ Platio ▄▀ ██████████████████████
[TELEGRAM]│Smart Banking Ecosystem for crypto, fiat and│[FACEBOOK]
[TWITTER] │stocks, based on EOS blockchain technology │ [MEDIUM]
mikeywith
Sr. Member
****
Online Online

Activity: 448
Merit: 941


be constructive or S.T.F.U


View Profile
December 04, 2018, 02:35:13 AM
 #12

Don't see any signicant movements upwards for a long time, even if we break the minor resistance at 4400s it won't take us much higher. Next step is the fall of support levels around 3500 and a new yearly low in the low 3000s. I'm sad to say it because like many I'm ready for the bull run but the reversal isn't here yet. Fortunately with each passing day it comes closer.

if we fail to break 3600 this time, i would only think that we need a re-test of the upper 5k area (5.5 to 5.8k) or at least 5k before making a much lower low on the next dip.

am keeping an eye on the 4500 now, a break above, retest, i will get greedy and enter long for to 5.5k target. ( unlikely to happen but if this, i'll take it ).
also keeping aneye on the coming support area, 3.6k , wanting to see a reversal candle to go long, or a break out to go short.

there are a few possibilities that one can safely trade at current situation. just gotta be sharp and stick to SL because this market can do 20% up or down. in a second.

Herbert2020
Legendary
*
Offline Offline

Activity: 1610
Merit: 1102



View Profile
December 04, 2018, 06:38:17 AM
 #13

the problem with this kind of analysis is that technical analysis is completely worthless for bitcoin and right now the market is under manipulation which means everything you know and analyze becomes even more worthless!

in other words you can't predict what can happen by looking at lower highs, and higher lows and stuff like that. as for supports, i don't think we have any meaningful level anymore. anything can be broken and it can mean nothing.
and i think we will see this unpredictable market for at least another 3 months.

cindygirl
Full Member
***
Offline Offline

Activity: 280
Merit: 105



View Profile
December 04, 2018, 02:25:46 PM
 #14

Don't see any signicant movements upwards for a long time, even if we break the minor resistance at 4400s it won't take us much higher. Next step is the fall of support levels around 3500 and a new yearly low in the low 3000s. I'm sad to say it because like many I'm ready for the bull run but the reversal isn't here yet. Fortunately with each passing day it comes closer.

if we fail to break 3600 this time, i would only think that we need a re-test of the upper 5k area (5.5 to 5.8k) or at least 5k before making a much lower low on the next dip.

am keeping an eye on the 4500 now, a break above, retest, i will get greedy and enter long for to 5.5k target. ( unlikely to happen but if this, i'll take it ).
also keeping aneye on the coming support area, 3.6k , wanting to see a reversal candle to go long, or a break out to go short.

there are a few possibilities that one can safely trade at current situation. just gotta be sharp and stick to SL because this market can do 20% up or down. in a second.

Well the support held with a quick rebuff and a big green candle. So next stop seems to be a test of mid 4000s. Price movement at the moment reminds me of the range around 6k, very predictable and little movement. That's why I suspect we're not ready for a reversal. Be interesting to see how the market would respond to a bullish movement above 4.5k like you spoke of. Wouldn't be surprised if a lot of people FOMO'd in because there's been a lot of talk of recovery lately.

██████████████████████ ▀▄ Platio ▄▀ ██████████████████████
[TELEGRAM]│Smart Banking Ecosystem for crypto, fiat and│[FACEBOOK]
[TWITTER] │stocks, based on EOS blockchain technology │ [MEDIUM]
outsidertrader
Jr. Member
*
Offline Offline

Activity: 41
Merit: 4


View Profile
December 04, 2018, 03:12:10 PM
 #15


Well the support held with a quick rebuff and a big green candle. So next stop seems to be a test of mid 4000s. Price movement at the moment reminds me of the range around 6k, very predictable and little movement. That's why I suspect we're not ready for a reversal. Be interesting to see how the market would respond to a bullish movement above 4.5k like you spoke of. Wouldn't be surprised if a lot of people FOMO'd in because there's been a lot of talk of recovery lately.

I dont Think the FOMO people will be bigger than the LOSS people (the ones that have bought at 6.000).

 Because of the size of the 6k bottom's range... Too many Holders bought there for too long time.


We must see the market getting into a big Range for a Healthy rise:

The bottomness the Range would be better for the up trend.

If the Range Balance from 3.500 to 6.000 would be a BAD range. Its should be almost FLAT at the Bottom. We need a FLAT RANGE to rocket up again!
outsidertrader
Jr. Member
*
Offline Offline

Activity: 41
Merit: 4


View Profile
December 04, 2018, 03:16:27 PM
 #16

the problem with this kind of analysis is that technical analysis is completely worthless for bitcoin and right now the market is under manipulation which means everything you know and analyze becomes even more worthless!

in other words you can't predict what can happen by looking at lower highs, and higher lows and stuff like that. as for supports, i don't think we have any meaningful level anymore. anything can be broken and it can mean nothing.
and i think we will see this unpredictable market for at least another 3 months.

I dont Think so.

A good Technical Analysis will show you what side the market is been manipulated, and you wil follow the manipulation.

By my experience This market appears to be Much less manipulated than any other market, the imediate trend is quite predictable. I may say its easier to trade.

hubballi
Sr. Member
****
Offline Offline

Activity: 882
Merit: 297


View Profile
December 04, 2018, 04:01:24 PM
 #17

the problem with this kind of analysis is that technical analysis is completely worthless for bitcoin and right now the market is under manipulation which means everything you know and analyze becomes even more worthless!

in other words you can't predict what can happen by looking at lower highs, and higher lows and stuff like that. as for supports, i don't think we have any meaningful level anymore. anything can be broken and it can mean nothing.
and i think we will see this unpredictable market for at least another 3 months.

I dont Think so.

A good Technical Analysis will show you what side the market is been manipulated, and you wil follow the manipulation.

By my experience This market appears to be Much less manipulated than any other market, the imediate trend is quite predictable. I may say its easier to trade.



Until your all expected targets are getting achieved you will feels like this only, but when the market goes opposite of your trades you will feel terrible. This is the rule of trading. So i think the market will give movement after 2 or 3 days as right now it will be confusing the traders to move which side and then it will start moving. And if my view is not wrong first it will show $4300 level and then immediately it will go down and test $3600 level.

glock666
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
December 04, 2018, 04:13:37 PM
 #18

the problem with this kind of analysis is that technical analysis is completely worthless for bitcoin and right now the market is under manipulation which means everything you know and analyze becomes even more worthless!

in other words you can't predict what can happen by looking at lower highs, and higher lows and stuff like that. as for supports, i don't think we have any meaningful level anymore. anything can be broken and it can mean nothing.
and i think we will see this unpredictable market for at least another 3 months.

I dont Think so.

A good Technical Analysis will show you what side the market is been manipulated, and you wil follow the manipulation.

By my experience This market appears to be Much less manipulated than any other market, the imediate trend is quite predictable. I may say its easier to trade.



Until your all expected targets are getting achieved you will feels like this only, but when the market goes opposite of your trades you will feel terrible. This is the rule of trading. So i think the market will give movement after 2 or 3 days as right now it will be confusing the traders to move which side and then it will start moving. And if my view is not wrong first it will show $4300 level and then immediately it will go down and test $3600 level.


so we will fall to 3k? if it is unrealistic hmmm Huh Huh
Slow death
Hero Member
*****
Offline Offline

Activity: 1232
Merit: 693



View Profile
December 04, 2018, 04:55:45 PM
 #19

[...]

these analyzes do not get right in their price forecasts, there are guys who make lots of charts, but in the end they do not even reach 10% of getting it right in the price forecast. just look at these guys:

https://www.tradingview.com/markets/cryptocurrencies/ideas

it seems that they are in a competition to hit the bitcoin price forecast

Malamok101
Full Member
***
Offline Offline

Activity: 686
Merit: 100


Decentralized Gaming Platform - Play & Earn $


View Profile
December 04, 2018, 05:59:28 PM
 #20


so overall , i am still bearish on btc. but i am trying to look for every possible chance to trade this market , be it short or long.!




looking at the 4hr chart, btc is creating lower-highs and higher-lows. and right now setting between a support trend (green), and a resistance trend ( red dotted).
the down trend is just a minor one, breaking it will take us to test 4467 area, breaking the green support trend line is a free ticket to rekt city for the bulls.

anyhow a long story short.  the green lines/trend lines are support area. the reds are Resistance. and you know the drill.

for me I am looking for these 2 options to trade.

1 > breaking the green support line to go short and target the lower support lines
2 > breaking 4700$ up to go long because that could be an easy trip to 5.4k to 5.5k.


this is just a zoom in the overall bearish prospective that can be found here > https://bitcointalk.org/index.php?topic=5071613.msg48030883#msg48030883






Nice. But I am kinda neutral for Bitcoin's move right now since it may start to go up someday because it really had a rough down through.

Yes it's true maybe this days or this month, it will not good for bitcoin. To grow up faster again maybe next will be the highest pump will happen for now let's buy some cheaper price of bitcoin.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!