Supply and demand curve analysis, why Bitcoin does or does not change price.

[buwaytress]

I and my team both analyze the chart and volume of the BTC. One thing I need to say is that the price of BTC will be reduced in the future. It will now sideway for 2-3 days, and then its price will continue to be adjusted again.
This is a good time for us to order Long on margin trading.

Well, if you and your team are really doing analysis, then at least put down some money where your mouths are:)

1. The price of BTC will be reduced in the future. Which future date are you referring to? Tomorrow? Next year?
2. Sideways til Tuesday, and adjusted lower or higher?
3. Long at what margin and which entry price?

Come on, you got to do better than that;)

[fiulpro]

Can we ever rely on this data ?

We would never be able to gauge the P2P exchanges , the buying and selling that is going on in the system , nor we would be able to analyze this curve fully with no error in measurement.
The thing is , it is made in this sense that it's hard to actually keep a track of everything.

I do believe that it's something that we cannot find with absolute certainty.

[Onetogo]

Can we ever rely on this data ?

We would never be able to gauge the P2P exchanges , the buying and selling that is going on in the system , nor we would be able to analyze this curve fully with no error in measurement.
The thing is , it is made in this sense that it's hard to actually keep a track of everything.

I do believe that it's something that we cannot find with absolute certainty.

It's not absolute cetain. It's like weather report. It gives you fully accurate current weather condition, but it can not tell you what is going to be a weather like in next hour. Nobody can predict with certantiy.

But hopefully you have information and this might be useful for your trading. I mean, it's still more likely to snow in December, than June, if you know what I mean.

[metalglowd]

My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.

What you say and the picture doesn't prove anything, small fluctuations like this have become normal things I think. usually Friday is where the market becomes red then Saturday until Monday the market is usually going green again. Unfortunately in this day something like this only happen with a chance rate 40%. Not bad but still this thing is a good chance for whom who want to find get a profit on weekly basis.

[Onetogo]

https://i.ibb.co/pZKNcLH/figure-1-4.png

Nothing much going on. 10k is the psychological and supply limit.

[Onetogo]

https://i.ibb.co/XFqPRQp/figure-1-4.png

Guys, check this picture. In last 24 hours we had major shift in demand and supply stayed the same. If things go in same direction as today we can expect price to go a lot above 10k.

[Lawrenzoo]

My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.

I think demand for bitcoin is quite high now and we can see a spike in the price of bitcoin in the last 24hrs.

[Onetogo]

Demand is huge, yet supply is very weak. Another day like this and BTC will be the head news. But, we need another day like this, who knows what happens in next hours...

[Onetogo]

Still a huge demand and almost none support for supply above 10k. It's still looks Bitcoin will hit the sky if it goes above 10k.

https://i.ibb.co/XFqPRQp/figure-1-4.png

[blockchainwriters]

once bitcoin cross 10000 dollars then the price growth would be phenomenal so we may see more positive trends demand increases thereafter

[Reid]

Can we ever rely on this data ?

We would never be able to gauge the P2P exchanges , the buying and selling that is going on in the system , nor we would be able to analyze this curve fully with no error in measurement.
The thing is , it is made in this sense that it's hard to actually keep a track of everything.

I do believe that it's something that we cannot find with absolute certainty.

Correct.
You have the accurate answers in your posts.

This is just mere speculation and I have never met anyone or saw a posts of anyone that made an accurate analysis of the bitcoin price. I mean like a daily or a monthly basis.

They all go wrong on the second time or if lucky the error will be on the third time.
No one can foretell what could happen because of the broad number of exchange by now. Some of their names I dont even know by now.
I just knew most of them start with a "bit" or a "coin" word. 

[Rufsilf]

Basing things in charts couldn't predict the future of Bitcoin.
The market s unpredictable and sudden changes are occuring without our control.
There are whales who could manipulate the prices in one move and there will be dumpers who will do panic selling so no matter how we predict things, prices will still remain unpredictable.

Exactly, it is one bad side in bitcoin trading because whales have ways to manipulate the prices to the point that some traders and investors will do panic selling, yes we can see an increase now to $9k but we cannot assure that it will continue to do so, a lot of predictions has been out but we cannot be sure if it will really come true. We'll just have to wait what's going to happen hopefully the price will continue to go up.

[Onetogo]

Supply above 10k is weak. Prepare for big price changes, it might swing to 14,15k in next week and fall again. Volatility is coming.

[Onetogo]

https://i.ibb.co/n6y4h9z/figure-1-4.png

Demanders are getting more and more agressive. I believe price can go above 15k within next week, if ratio between supply and demand stays about the same as it is now.

[Onetogo]

Bitcoin above 12k and demand is still pushing. with this ratio, price can hit 18k till the end of the week.
https://i.ibb.co/W6KLfq1/figure-1.png

By the way guys, if you find this analysis useful and if you have made any profit based on them, you can share some of your profit with me... Why not? here is the wallet: 1CWp3LXEQSVMkWTW2vfSRxppfr4gpnoUf7 Thank you.

[Onetogo]

As predicted price of BTC will try to converge around 15k by the end of the weekend. Demand is still very agressive, guys.


Since no one is posting here, is there an interest to continue?

[Alijiindahaus]

If you follow the growth rate of the price of Bitcoin over the past 2 months, then I can well assume the same thing that we can reach $ 15,000 before the end of this summer.  Many analysts have limited themselves to saying about the maximum price for Bitcoin at $ 15,000 for the whole 2019, but it seems to me that the situation can be much more progressive.

[hahay]

If you follow the growth rate of the price of Bitcoin over the past 2 months, then I can well assume the same thing that we can reach $ 15,000 before the end of this summer.  Many analysts have limited themselves to saying about the maximum price for Bitcoin at $ 15,000 for the whole 2019, but it seems to me that the situation can be much more progressive.

The current situation allows for the price to continue to surge and I think the price of 15k will be achieved before the second quarter ends. That is an achievement that seems impossible but if you see the sentiment that has happened so far I'm sure prices will continue to be pumped.

[Onetogo]

https://i.ibb.co/wWGvMB7/fig1.png

If you check this picture, globally, nothing really interesting is goin on. This is a log return analysis of Bitcoin. We have steady agressive demand and very weak supply. It will be interesting to see how long the demand can push the tempo.

[BitHodler]

Many analysts have limited themselves to saying about the maximum price for Bitcoin at $ 15,000 for the whole 2019, but it seems to me that the situation can be much more progressive.

I wouldn't pay much attention to so called analysts, mainly because of how unreliable their predictions have been in the past and how they don't seem to understand what this space is about.

One side of these analysts is extremely bullish while the other is extremely bearish. What really annoys me about them is that they link every obvious media event to a price increase (Facebook's Libra is an example of that).

It firstly isn't a crypto currency, but more importantly, it isn't going to launch this year. It's like the mainstream media doesn't think that Bitcoin can increase without an event acting as a trigger. How pathetic.

An example of the ignorance involved is how most non crypto news outlets don't even know that there is a block halving coming up. How uninformed can they be to not know about such an important event?