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Author Topic: Where do you see Bitcoin this time ?  (Read 365 times)
glendall
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August 27, 2019, 01:45:33 AM
 #21

If Bitcoin still continues to move around the 10,000$ to 9,000$ are for a few days now I'll expect it to continue consolidating now for a month or two especially when we just have a few weeks of surprising price action. Right now there is no indication that Bitcoin will have another attempt at 14,000$ anywhere this month since it already have failed twice to go back up above it, another failed attempt at this short time frame would just be a catastrophic result for us. There won't really be any favors for us in the long run if that happened. Consolidating at this stage might be an ideal scenario for us traders.

The fail of bitcoin to reach $14k is not the end of everything, well now the state of bitcoin is consolidating but when viewed in TF1D, bitcoin still has the potential to rise because it forms a hidden bullish divergence pattern. I think it's very safe to hold long-term bitcoin now, look at me in the picture below, it shows bullish.

Well but everything can happen, this is just my prediction, you can believe it or not.


if I see the picture that you made, the direction of the BTC chart shows bullish, and it is very good to buy today,
the resistance that BTC has to break is 12k and 13k if I see your picture ...
but I'm sure BTC will break down that area sooner or later because the area that should be targeted is 16k USD.

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mamahdedeh
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August 27, 2019, 03:13:38 AM
 #22

If Bitcoin still continues to move around the 10,000$ to 9,000$ are for a few days now I'll expect it to continue consolidating now for a month or two especially when we just have a few weeks of surprising price action. Right now there is no indication that Bitcoin will have another attempt at 14,000$ anywhere this month since it already have failed twice to go back up above it, another failed attempt at this short time frame would just be a catastrophic result for us. There won't really be any favors for us in the long run if that happened. Consolidating at this stage might be an ideal scenario for us traders.

The fail of bitcoin to reach $14k is not the end of everything, well now the state of bitcoin is consolidating but when viewed in TF1D, bitcoin still has the potential to rise because it forms a hidden bullish divergence pattern. I think it's very safe to hold long-term bitcoin now, look at me in the picture below, it shows bullish.

Well but everything can happen, this is just my prediction, you can believe it or not.


if I see the picture that you made, the direction of the BTC chart shows bullish, and it is very good to buy today,
the resistance that BTC has to break is 12k and 13k if I see your picture ...
but I'm sure BTC will break down that area sooner or later because the area that should be targeted is 16k USD.

indeed the trend is currently bullish, but we know that there is a price correction, so many people worry that if the incident continues, they are afraid of losing money. therefore being calm and patient can minimize the worst possible thing that happens. and one more thing it's likely bitcoin will head to $ 7500, before flying to $ 16k

MonsterV
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August 27, 2019, 11:53:53 AM
 #23

if I see the picture that you made, the direction of the BTC chart shows bullish, and it is very good to buy today,
the resistance that BTC has to break is 12k and 13k if I see your picture ...
but I'm sure BTC will break down that area sooner or later because the area that should be targeted is 16k USD.

indeed the trend is currently bullish, but we know that there is a price correction, so many people worry that if the incident continues, they are afraid of losing money. therefore being calm and patient can minimize the worst possible thing that happens. and one more thing it's likely bitcoin will head to $ 7500, before flying to $ 16k

It is true, the analysis I gave earlier shows a bullish trend but that is for long term, maybe a few months ahead. For daily trading on TF1D, I also have a very good analysis today. Today's BTC is in areasupprt in TF1D and there is a doji candle, this is very good because it is very possible for reversal.

But if you choose to run for long term, then it's better to use my previous analysis and now it's still good to buy. Trend  bitcoin so far is still bullish.


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ethereumhunter
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August 28, 2019, 01:52:26 AM
 #24

if I see the picture that you made, the direction of the BTC chart shows bullish, and it is very good to buy today,
the resistance that BTC has to break is 12k and 13k if I see your picture ...
but I'm sure BTC will break down that area sooner or later because the area that should be targeted is 16k USD.

indeed the trend is currently bullish, but we know that there is a price correction, so many people worry that if the incident continues, they are afraid of losing money. therefore being calm and patient can minimize the worst possible thing that happens. and one more thing it's likely bitcoin will head to $ 7500, before flying to $ 16k

It is true, the analysis I gave earlier shows a bullish trend but that is for long term, maybe a few months ahead. For daily trading on TF1D, I also have a very good analysis today. Today's BTC is in areasupprt in TF1D and there is a doji candle, this is very good because it is very possible for reversal.

But if you choose to run for long term, then it's better to use my previous analysis and now it's still good to buy. Trend  bitcoin so far is still bullish.



I guess that will be no problem if the analysis is for the long term because I am sure that many people will still hold their bitcoin for a long time. The trend still bullish but we need to be careful to buy bitcoin in daily because the price can get down in anytime. But all in all, I think right now is still a good time to buy more bitcoin to prepare the future so we can sell bitcoin at the next bull run.

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DashingAgent (OP)
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August 30, 2019, 03:10:35 AM
 #25

if I see the picture that you made, the direction of the BTC chart shows bullish, and it is very good to buy today,
the resistance that BTC has to break is 12k and 13k if I see your picture ...
but I'm sure BTC will break down that area sooner or later because the area that should be targeted is 16k USD.

indeed the trend is currently bullish, but we know that there is a price correction, so many people worry that if the incident continues, they are afraid of losing money. therefore being calm and patient can minimize the worst possible thing that happens. and one more thing it's likely bitcoin will head to $ 7500, before flying to $ 16k

It is true, the analysis I gave earlier shows a bullish trend but that is for long term, maybe a few months ahead. For daily trading on TF1D, I also have a very good analysis today. Today's BTC is in areasupprt in TF1D and there is a doji candle, this is very good because it is very possible for reversal.

But if you choose to run for long term, then it's better to use my previous analysis and now it's still good to buy. Trend  bitcoin so far is still bullish.



I guess that will be no problem if the analysis is for the long term because I am sure that many people will still hold their bitcoin for a long time. The trend still bullish but we need to be careful to buy bitcoin in daily because the price can get down in anytime. But all in all, I think right now is still a good time to buy more bitcoin to prepare the future so we can sell bitcoin at the next bull run.

I cannot trust on the market, It is also possible that btc could face another downtrend for upto 4K

Consider Donations: BTC 17ox7CoDkfwM9bpTXvnhH1YJAy1Cproa7D - Has any whale the power to donate a penny by considering 1000BTC=$1? (Consider "penny")
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