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Author Topic: My opinion about the price movement of BTC  (Read 423 times)
JCviggen
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January 07, 2020, 12:03:20 PM
 #1

Hello to everyone who is trying to trade bitcoin today! do you think today's price increase was organic? I look at how the situation is developing and I see that there was already a triple bottom, but we also see the figure "head and shoulders", the main thing is that the goals for the triple bottom can be considered achieved
My goals were
8050-8150
But we should always look at the chart more globally. and if we look at global goals, then for me they look like this:
8770-9050


Now we have gone beyond the important level of 7730+, there was a predictable growth, and the indicators led to this and the red flat!



In the end, I want to say that it is very important not to forget that if we look globally there is still a very high chance that the price will return back below 7 thousand dollars. The next level we need to break is 8800


You can say and write that the movement has begun and it will be true!


P.S. this is a cryptocurrency market and everything can change at 1 day, so you should never forget about this!


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January 07, 2020, 12:56:06 PM
 #2

a few days ago I bought bitcoin and today I have sold it, I took part in the upward movement of bitcoin in recent days and managed to get a 3.8% profit from my capital. but I also believe that there will be another dump, maybe not in the near future. and in my research, bitcoin can still grow a little more and it's good to take that place but my research is not certain then you need to do it again independently.


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January 07, 2020, 01:17:38 PM
 #3

it seems to me that the price movement that we saw today is just some kind of show that was created for that people all together believed in the growth of the market. I think that we will not be able to rise above 8200. This level will be very strong and as soon as we touch it we will immediately begin to move down. and when we begin to move down, perhaps we will reach 6 thousand.






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January 07, 2020, 01:21:19 PM
 #4

Whatever the case may be bitcoin halving is coming in hot and many are already hyping this, it's certain that bitcoin will surge, buy low selling high works better doe those who use bitcoin to trade, i like it and it never failed me

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January 07, 2020, 01:26:02 PM
 #5

a few days ago I bought bitcoin and today I have sold it, I took part in the upward movement of bitcoin in recent days and managed to get a 3.8% profit from my capital. but I also believe that there will be another dump, maybe not in the near future. and in my research, bitcoin can still grow a little more and it's good to take that place but my research is not certain then you need to do it again independently.
I think you sold your bitcoins because it was in your mind that it will dump again. You thought that now you will get the profit and in the second dump you will buy again. But you were wrong as now you will see that the price of bitcoin will continue to increase, for this coming four months I am pretty sure that the direction of the price of bitcoin will be continuously at the upward direction. If you immediately buy now again then you will be in profit and will not miss the train which will run for a longer time.
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January 07, 2020, 01:29:50 PM
 #6

This is a nice observation but it is just normal to see some spikes on this chart. You are right when you said that we should a reference like 8800 to really say that the market is going to rise up. I guess we have just to wait for that. What we can do for now is to add our investment so we are ready when Bitcoin really changed its direction and stick to it.
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January 07, 2020, 01:50:11 PM
 #7

As long as bitcoin does not touch the point at the price of $ 6k I think Bitcoin remains under normal circumstances, which is around $6500 - $8000. the bitcoin panic point at $ 6k if it touches on this price it is likely that there will be a "panic sell" and there will be a large dump, as we saw in the graphs at the end of 2018. but in my opinion bitcoin will not fall and see halving in a moment, I'm sure it will bring big changes.

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January 07, 2020, 02:32:57 PM
 #8

This is an advantage for me because bitcoin has gone up quite high overnight yesterday and it has begun to show good conditions at the price of $7900 plus, I see my own chart with my analysis the bottom button will point towards a stronger maybe $8000 if it might happen ? i think yes.
Let's wait overnight if there are changes like yesterday? hope like that.

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January 07, 2020, 03:38:59 PM
 #9

Yesterday I read the news, one of the analysts claims that Bitcoin will grow to 48,000 dollars, so maybe your thoughts are correct and Bitcoin rises from the bottom. Or maybe it's a small breakthrough, and the words of the analyst are just words. I do not know who to believe in a pulling situation.
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January 07, 2020, 03:47:55 PM
 #10

Yesterday I read the news, one of the analysts claims that Bitcoin will grow to 48,000 dollars, so maybe your thoughts are correct and Bitcoin rises from the bottom. Or maybe it's a small breakthrough, and the words of the analyst are just words. I do not know who to believe in a pulling situation.
Bitcoin will rise even higher than $ 48,000, but it will not be soon. and I think that the market can be considered bullish only when the price of bitcoin will be higher than 12 thousand dollars. when the price crosses this level then it will be possible to start trading very hard and get very high profits, but now I am also waiting for a decline


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January 07, 2020, 03:58:03 PM
 #11

Yesterday I read the news, one of the analysts claims that Bitcoin will grow to 48,000 dollars, so maybe your thoughts are correct and Bitcoin rises from the bottom. Or maybe it's a small breakthrough, and the words of the analyst are just words. I do not know who to believe in a pulling situation.
Bitcoin will rise even higher than $ 48,000, but it will not be soon. and I think that the market can be considered bullish only when the price of bitcoin will be higher than 12 thousand dollars. when the price crosses this level then it will be possible to start trading very hard and get very high profits, but now I am also waiting for a decline

the potential can indeed be achieved, but it does take time to achieve it. I personally am still waiting for bitcoin to return the price of $ 15k is good enough because if it reaches that price then bitcoin has better potential, and the pump movement usually brings new investors in it.
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January 07, 2020, 04:07:47 PM
 #12


When people trader their coins daily, they dump when they see signs it could drop but it the next days or 2 they will be back to buy again for the price to go up. These traders doesn't care much whether the price movement is organic, its the bucks they get that matters. This day is just another day to earn good, the next day is another wait. I think the market is really greener these days, it could start the bullrun if it continues.


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January 07, 2020, 04:23:56 PM
 #13

Yesterday I read the news, one of the analysts claims that Bitcoin will grow to 48,000 dollars, so maybe your thoughts are correct and Bitcoin rises from the bottom. Or maybe it's a small breakthrough, and the words of the analyst are just words. I do not know who to believe in a pulling situation.
Bitcoin will rise even higher than $ 48,000, but it will not be soon. and I think that the market can be considered bullish only when the price of bitcoin will be higher than 12 thousand dollars. when the price crosses this level then it will be possible to start trading very hard and get very high profits, but now I am also waiting for a decline


From where you can expect the price of bitcoin to reach $ 48,000 I think it is difficult to predict if bitcoin is still slow like this, of course the increase in bitcoin is influenced by it because it is only temporary and does not last as long as before.
I guess bitcoin is now increasing only a few hours after it fell again and cannot last as long as know 2017, is this possible because of other effects so it is not so durable.

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January 07, 2020, 04:41:24 PM
 #14

a few days ago I bought bitcoin and today I have sold it, I took part in the upward movement of bitcoin in recent days and managed to get a 3.8% profit from my capital. but I also believe that there will be another dump, maybe not in the near future. and in my research, bitcoin can still grow a little more and it's good to take that place but my research is not certain then you need to do it again independently.
I think you sold your bitcoins because it was in your mind that it will dump again. You thought that now you will get the profit and in the second dump you will buy again. But you were wrong as now you will see that the price of bitcoin will continue to increase, for this coming four months I am pretty sure that the direction of the price of bitcoin will be continuously at the upward direction. If you immediately buy now again then you will be in profit and will not miss the train which will run for a longer time.
But I think everyone certainly has different thoughts, for those who don't want to take risks or want to make a profit of course they will choose to sell their bitcoin at this time and hope that the next bitcoin price awaits a second dump. But for people who believe and believe that bitcoin will continue to increase, buying more is the right thing to do because everyone must have different views and different strategies.
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January 07, 2020, 05:00:34 PM
 #15

The signs on the chart show that the btc will rise sharply, but I think that the rise in prices will be greatly affected by tensions between Iran and the US.

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January 07, 2020, 05:04:44 PM
Last edit: January 07, 2020, 10:26:14 PM by Rengga Jati
 #16

This topic is related to Bitcoin price prediction, so you are better to move it to Speculation.

-snip- if we look globally there is still a very high chance that the price will return back below 7 thousand dollars. -snip-
Yes, you are right. The rising of Bitcoin price is likely still unstable, so the drops below $7k may happen in the near future. If you are a daily or weekly trader, ensure to buy at the right time. Don't buy once the price seems to drop.

*Edit Bitcoin section --> Speculation



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January 07, 2020, 05:39:29 PM
 #17

The signs on the chart show that the btc will rise sharply, but I think that the rise in prices will be greatly affected by tensions between Iran and the US.
Of course with the tension between Iran and America will make the price of bitcoin rise higher, I read a few articles a few days ago, which did mention that the price of bitcoin in Iran is higher than the price of bitcoin in exchange and has even reached $24,000 and this price is higher if we compare it with bitcoin which is currently trading at a price range of $7935 in several large exchanges.

https://www.google.co.id/amp/s/cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate/amp

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January 08, 2020, 03:15:36 AM
 #18

The signs on the chart show that the btc will rise sharply, but I think that the rise in prices will be greatly affected by tensions between Iran and the US.
Of course with the tension between Iran and America will make the price of bitcoin rise higher, I read a few articles a few days ago, which did mention that the price of bitcoin in Iran is higher than the price of bitcoin in exchange and has even reached $24,000 and this price is higher if we compare it with bitcoin which is currently trading at a price range of $7935 in several large exchanges.

https://www.google.co.id/amp/s/cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate/amp

Yes indeed this news has indeed been circulating in several articles but is this possible influenced by both parties?
If this can affect the price of bitcoin then I am glad to see the price of bitcoin rising and now has redeemed the price of $ 8,300, if in Iran has redeemed the price of $ 24,000 then I am sure that prices on global exchanges will follow.

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January 08, 2020, 03:57:44 AM
 #19

A series of events are attach to the price of Bitcoin and other Cryptocurrency, proof is what happens in the Iraq situation, we have moved to  the $8000 level and that is the hot topic right now, people consider that Iraqi's and other neighboring countries are buying Bitcoin and other top Cryptos, because of the series of events that might come in the coming months.



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January 08, 2020, 05:26:58 AM
 #20

I believed that the movement after the push to 7.9k would result to a sideways one for a few days, but turns out that BTC pushed through and managed to break through the 8k barrier, reaching 8.3k right now. We're still in a bit of a bearish part, but just a little bit more and we could be able to call this a bull run now. I also believed that a foundation was required for BTC to retain its price right now, but with it breaking through 8k, we could assume that 8k is now the foundation BTC needed since it took a few months before breaking it down.

Yes indeed this news has indeed been circulating in several articles but is this possible influenced by both parties?
If this can affect the price of bitcoin then I am glad to see the price of bitcoin rising and now has redeemed the price of $ 8,300, if in Iran has redeemed the price of $ 24,000 then I am sure that prices on global exchanges will follow.
It naturally can affect it, just that the scope is unknown to me. Buying BTC for $24000 dollars, even if we do say it is a peer to peer trade, would somehow one way or another push it to new levels.

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