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Author Topic: Bitcoin Hits A Golden Cross  (Read 424 times)
Unblock_news (OP)
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April 26, 2019, 12:54:02 AM
Merited by OgNasty (1)
 #1

Bitcoin hits its five-month high as surged up to the $5,500 benchmark.

Full article here: https://www.unblock.news/market/bitcoin-hits-a-golden-cross
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April 26, 2019, 01:36:54 AM
 #2

The trend is that price will rise with the announcement of halving, but not just for him but a general recovery of the market.

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April 26, 2019, 01:45:11 AM
 #3

Yeah but i expect series of market corrections. Although this is a major indicator that we are indeed in a bull market. Hopefully it will continue.
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April 26, 2019, 01:47:44 AM
 #4

I think the price of bitcoin will steadily increase, and there are 2 months that likely to make bitcoin price increase.
1. At the end of the year 2019 which is December
2. At May 2020 which the month of the bitcoin halving happened
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April 26, 2019, 05:14:50 AM
 #5

Bitcoin is turning towards positive mark the main reason is Baktt launch is coming near so again we see positive sentiment in market which lead to bull run
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April 26, 2019, 05:28:02 AM
 #6

So many speculations on the reason behind bitcoin price rise and am prompted to ask is the much announced bitcoin halving also taking place in the other altcoin if no, then what is responsible for their own rise such as ethereuem BNB and the rest. I think the cryptocurrency market generally is on recovery and correction period and so many factors are responsible for that.
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April 26, 2019, 06:18:51 AM
 #7

I don't know why is there so much excitement about the price. Yes, we can see some positive trends but we are still far from bull run and also don't forget that price can change very quickly. I'm not convinced that this is actually true recovery of the market so sone corrections could be expected soon.

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April 26, 2019, 06:28:19 AM
 #8

I think that the golden cross is not a guide to action, but just one of the signals of technical analysis, which does not always work. I would treat this signal quite carefully. Personally, I still fear falling prices in the region of 2000-2500 dollars for Bitcoin. Although of course, it may be that we will not see such a dramatic drop, but nevertheless I’m still wary of the market and if the drop happens, I will buy more bitcoins and altcoins.

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April 26, 2019, 08:00:14 AM
 #9

I don't know why is there so much excitement about the price. Yes, we can see some positive trends but we are still far from bull run and also don't forget that price can change very quickly. I'm not convinced that this is actually true recovery of the market so sone corrections could be expected soon.
I agree. The price just dove under the $5k mark and rose back up to $5.2k mark a bit earlier thanks to the Tether and Bitfenix suit which shows how volatile this market truly is.

People need to control their emotions if they wish to trade in such a volatile market.

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April 26, 2019, 08:59:57 AM
 #10

The price is currently down now and could take off any moment, but friend, you always direct us to your blog, as your username carries your blog link. Why don't you always give a clear details without always referring us to your blog. Am not against your website, maybe it can be limited. Thanks.
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April 26, 2019, 09:07:47 AM
 #11

I am not putting too much expectation on  the market and price speculation. The market recovery from the last bloody market is already a big step for crypto. Let's just all be patient, I am sure the next halving will give a positive effect to the whole market. Accumulate as much as you can while everything is cheap.
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April 26, 2019, 09:12:52 AM
 #12

Bitcoin hits its five-month high as surged up to the $5,500 benchmark.

Full article here: https://www.unblock.news/market/bitcoin-hits-a-golden-cross

Yes, the golden cross is a very propitious sign, as bitcoin has had bull markets following each golden cross. However, after previous golden crosses there has been turmoil shortly after, so what bitcoin does in the near term is up for grabs. From a macro perspective, it confirms we have entered a bull market.
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April 26, 2019, 10:09:20 AM
 #13

People who know the graphics and indicators have been watching the golden cross for some time. And when that last worked exactly, Bitcoin walked to 20K.

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April 26, 2019, 10:26:31 AM
 #14

People who know the graphics and indicators have been watching the golden cross for some time. And when that last worked exactly, Bitcoin walked to 20K.

But before he reached his highs, he corrected more than 50%. So you have to be careful with this case. This market is young and very many risks in it.

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April 26, 2019, 10:46:02 AM
 #15

Hopefully will have a retrace and I can put my money into bitcoin and make it rally.
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April 26, 2019, 03:46:46 PM
 #16

Hopefully will have a retrace and I can put my money into bitcoin and make it rally.

Already had one earlier this day after something happened in some of the exchanges which triggered a massive selling spree. We are also due for a correction after enjoying a couple of weeks gains, and perhaps that is what happened too, earlier.

I have always doubted TA signals such as this golden cross, and guess my doubts weren't left unanswered as it proves that no matter how positive the sign is, the market could still go either way. Good thing thought that the selling spree halted immediately after bringing us to $5100.

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April 26, 2019, 04:01:21 PM
 #17

Yeah but i expect series of market corrections. Although this is a major indicator that we are indeed in a bull market. Hopefully it will continue.


Gladly to seen this news for bitcoin "well" hold just keep the faith hope this positive movement of bitcoin in the market will give good sign for the next bull run and hope start to full uprise in month of july upto august but nobody can know the exact predictoin when ath comes.(patience)🙂🙂🙂
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April 26, 2019, 04:10:37 PM
 #18

People who know the graphics and indicators have been watching the golden cross for some time. And when that last worked exactly, Bitcoin walked to 20K.

But before he reached his highs, he corrected more than 50%. So you have to be careful with this case. This market is young and very many risks in it.

Yes he "corrected more than 50%", the market is still very much young and investors should be aware of the risk involved, when market recovery is on. Recent fluctuations from the market has made me realized that, care should be forward to avoid mislead that will end in lose.

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April 26, 2019, 09:19:04 PM
 #19

I think the price of bitcoin will steadily increase, and there are 2 months that likely to make bitcoin price increase.
1. At the end of the year 2019 which is December
2. At May 2020 which the month of the bitcoin halving happened

Maybe the scenario kepts happening again this year as it was likely to develop more new uplifting price gains. We might observe price to decline a little bit, and then suddenly spike to some surges which triggers bullish price. Although it seems we still experience the bearish trend, but I'm still confident that this was just a minor price fluctuation glitches. It won't go under $5k and just have stabilized price on that range.
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April 26, 2019, 10:29:49 PM
 #20

Always remember manipulation is in the market we will see first a correction before we go to the high price, Yes we already hit a Golden Cross after so many years but market is unpredictable and risky for everyone people want to see again the all time high but the current price are far away from expectation price its better to always check the chart and market price.
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