Finally little fire on bitcoin got ignited

[wuvdoll]

I just hope we do not get hopeless again if it falls back. The price is sustainable at these levels and we can stay here for a long time, there has been a ton of investments made into crypto space in the past year alone and that allows more and more people to be interested in bitcoin so increasing prices are amazing news and shows the value in investing not only into bitcoin but also crypto companies but at the same time we are in a situation where price still could go down at any moment.

If the price stays above it is because it deserves to be but if it goes down again we should not go back into panic mode, that kills the price more than the drop itself, people are afraid it will go under a thousand dollars or something and start selling like crazy dropping the price, if you fear bitcoin will go down and sell than you are making it go down yourself.

[South Park]

Compared to the bear market that it is ongoing all these months this upward trend is so small. We have still a long way to go if we want to say that the market has started moving upwards.
I think that the best range to say so will be 5-6k where at that price there were many people that thought this will be the lower price that bitcoin is going to face and they bought more crypto.

I agree, it is nice to see some bitcoin growth but it is too early to say this could be a change in the downward trend we have been seeing for more than a year, we must be measured in our expectations and predictions because it is very easy to make the mistake of thinking that things are back to normal or that this is the beginning of a bull market when this could be nothing more than a small correction that cannot be sustained and we go back to a price closer to 3500.

[Glorious04]

What is disgusting with watching the chart every time is in a moment you can be hyper excited of a little spike you are seeing and in a moment also your excitement can turn into gloom. Better focus on something else at this moment than destroy my mood watching the market shifts. When the change is too obvious and visible it will make a loud noise and no need to be tensed.

[omonuyak]

I think if bitcoin should be able to cross $6000 again it will get ignited.  The momentum will be high then and we would see bitcoin moving as it was last two years.  The market is going to recover no doubt but until bitcoin get to certain level we should not expect too much bull run.

[figmentofmyass]

I think if bitcoin should be able to cross $6000 again it will get ignited.  The momentum will be high then and we would see bitcoin moving as it was last two years. 

we don't just need to cross $6000 again. we need to break above and then see it hold as support. $6k needs to be a firm bottom and price needs to rise away from it. until then, most of the 2018 bagholders (who generally have buy-ins > $6k) will continue providing supply and reinforcing the downtrend.

i don't see it happening anytime soon. the absolute best we can hope for is a spike near $6k but it'll be sold into very hard. even if i'm wrong and we already hit the bottom of this bear market, it's still gonna take months and months to exit the $3k-$6k range.

[deisik]

I think if bitcoin should be able to cross $6000 again it will get ignited.  The momentum will be high then and we would see bitcoin moving as it was last two years. 

we don't just need to cross $6000 again. we need to break above and then see it hold as support. $6k needs to be a firm bottom and price needs to rise away from it. until then, most of the 2018 bagholders (who generally have buy-ins > $6k) will continue providing supply and reinforcing the downtrend.

i don't see it happening anytime soon. the absolute best we can hope for is a spike near $6k but it'll be sold into very hard. even if i'm wrong and we already hit the bottom of this bear market, it's still gonna take months and months to exit the $3k-$6k range

You are expecting too much from this market

I'd rather say that many folks around here would be happy to sell into anything which would come close to 5k. And as I explained on a few occasions already, we may need to change our frames of reference already and stop thinking in terms of price swings in the range of thousand dollars (and start thinking in the hundreds instead like we had been doing prior to the second half of 2017)

But there is no cloud without a silver lining, and as Bitcoin volatility subsides over longer timeframes, we may see more action in altcoins. I was telling something to that tune in the past (i.e. before the recent surge), and it looks like I wasn't too far from the truth. Major altcoins (Litecoin, most of all) got a decent boost in the last couple of weeks, and not just in dollar terms but also in respect to Bitcoin itself

[onrise]

I think if bitcoin should be able to cross $6000 again it will get ignited.  The momentum will be high then and we would see bitcoin moving as it was last two years.  The market is going to recover no doubt but until bitcoin get to certain level we should not expect too much bull run.

This momentum can go a long way and if we get some support from anywhere in the world about any positive news it will rise much quickly and will also will help the demand to rise . This will help everyone involved in crypto to get benefit and make good returns from it.

[ethereumhunter]

I think if bitcoin should be able to cross $6000 again it will get ignited.  The momentum will be high then and we would see bitcoin moving as it was last two years.  The market is going to recover no doubt but until bitcoin get to certain level we should not expect too much bull run.

I don't think bitcoin can be able to break $6000 in the near. Bitcoin needs to make a correction first before it increases and I am not sure the increase will be too higher. And yes, we are soon reaching $4000 and even more but to reach $5000 in the first level, we need more than just time. We need more support level to break every big wall in the market so the price can jump to the higher price. But lets we wait for the next month, and I hope that there is good news that will help the price to increase.

[Findingnemo]

Third time update, current price of bitcoin : $4200 source: https://coinmarketcap.com/currencies/bitcoin/

The fire still getting bigger and bigger and something feel I get that we are going to the ext level of recovery after huge bearish trend.

Speculate about reaching $5000 now.

[MFahad]

I think if bitcoin should be able to cross $6000 again it will get ignited.  The momentum will be high then and we would see bitcoin moving as it was last two years.  The market is going to recover no doubt but until bitcoin get to certain level we should not expect too much bull run.

Well bitcoin cannot cross 6000$ all at once. It will have to cross few milestones and resistance before. Last night Bitcoin crossed 4000$ and now it will test 4300$ resistance level. The important think now is that bitcoin remains above 4000$ and do not fall below it.

[oegarod]

I think if bitcoin should be able to cross $6000 again it will get ignited.  The momentum will be high then and we would see bitcoin moving as it was last two years.  The market is going to recover no doubt but until bitcoin get to certain level we should not expect too much bull run.

Well bitcoin cannot cross 6000$ all at once. It will have to cross few milestones and resistance before. Last night Bitcoin crossed 4000$ and now it will test 4300$ resistance level. The important think now is that bitcoin remains above 4000$ and do not fall below it.

Speculations were going around stating that based on the growth with time the market will progress reaching $5000-$6000 at the earliest. As predicted the price of bitcoin has grown crossing $4200, and upon the same now its time for resistance gain. Possibly I believe that the price of bitcoin will tend to reach $6000 crossing the resistance barriers $4500.

[yonjitsu]

If you have bought bitcoin at a cheaper price then even a little ignition of bitcoin's price can really give you a good profit. That's one of the lessons i've learned in crypto and that really makes sense because  as we know, bitcoin is the number 1 crypto and it will never always has its price to go down.

[Siti Nurbaya]

It looks like a small fire is burning and makes new hopes for the price of bitcoin, for a moment at the top and back down and this crypto game is happening. All altcoins follow the bitcoin movement and make a lot of people lose when this game happens, but there are also many people who are lucky because they are better at reading the market situation and manipulation.

[LUCKMCFLY]

This latest Bitcoin movement has aroused much more interest in the market. Although we must be very cautious, because Strong Hands may be preparing a lateralization to generate liquidity and generate another small rally, and then take profits and break the Stop Loss of many.

[Siren]

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes.

We have passed $4,100 couple days ago and i though this would bring more growth but again a bulltrap happend.but ofcourse i still want to share some good vibes as this is all we need now Positivity for all of us.

But lets be truthful that we will never reached the amount like what 2017 brings us in this short period of time.let us just enjoy the market and gain little with contentment

[Vaskiy]

The market got a fire started and the same led it go down busted same as that a cracker. The fire was there till it exploded. Users expected it to be similar to a rocket launch, but what happened is an effect of a small cracker. Possibly this will change with more effective growth.

[semobo]

The market got a fire started and the same led it go down busted same as that a cracker. The fire was there till it exploded. Users expected it to be similar to a rocket launch, but what happened is an effect of a small cracker. Possibly this will change with more effective growth.

Looks like still fire in it,we can see that green side after that quick dump which is a sign of that new money coming into the market so I feels like the prices will raise again in the next couple of days.

[South Park]

What is disgusting with watching the chart every time is in a moment you can be hyper excited of a little spike you are seeing and in a moment also your excitement can turn into gloom. Better focus on something else at this moment than destroy my mood watching the market shifts. When the change is too obvious and visible it will make a loud noise and no need to be tensed.

There are many ways to trade, there are some that love what you are describing, they love watching the price all day and its movements and they do not keep their positions for longer than a few hours, but there are traders which do not like to trade in that way and hold their positions for longer periods of time ranging from a few days to even months, I suggest you that you inform yourself about those methods of trading since it is a more relaxed way to trade and the profits are still significant.

[deisik]

What is disgusting with watching the chart every time is in a moment you can be hyper excited of a little spike you are seeing and in a moment also your excitement can turn into gloom. Better focus on something else at this moment than destroy my mood watching the market shifts. When the change is too obvious and visible it will make a loud noise and no need to be tensed.

There are many ways to trade, there are some that love what you are describing, they love watching the price all day and its movements and they do not keep their positions for longer than a few hours, but there are traders which do not like to trade in that way and hold their positions for longer periods of time ranging from a few days to even months, I suggest you that you inform yourself about those methods of trading since it is a more relaxed way to trade and the profits are still significant

You are looking at it from the wrong perspective

As you seem to be missing something in your understanding how trading works in real life. There are no rules as to how long you should keep your position open, so it is definitely not like you close it no matter what after some time (like a few hours). You keep it as long as you see fit. It may be just a few minutes or a few months depending on the market. In simple terms, you set the rules based on the market behavior, and how long you should keep your position depends on it (read, as long as you need)