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Author Topic: BTC restoring faith in bull run.  (Read 583 times)
mahilchii (OP)
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February 07, 2020, 09:12:03 AM
 #1

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

Golden cross are incredibly important and it could  be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!

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February 07, 2020, 09:27:26 AM
 #2

You are a real man if you invest in bitcoin Grin Grin
As it approaches halving, prices will continue to rise, especially bitcoin as the main character, bullrun like this will continue and will not be opposed to this bearish, we are currently monitoring how the market moves well.
Don't forget altcoin is also increasing a lot when it's time to take advantage with bullrun.

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February 07, 2020, 09:34:52 AM
Merited by JimboToronto (1)
 #3

BTC rally this year has pulled many coins up after two years of bear market.
many shitcoins have been pump and dumping for the past 10 years every time bitcoin price becomes moderately stable and right now bitcoin price is stable so many shitcoins are being pumped and dumped.
... nothing new to see.

Quote
Golden cross are incredibly important and it could  be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!
just FYI bitcoin has been in a bull market for over a year now. and we are already >250% higher than the bottom price that was reached a year ago.

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February 07, 2020, 09:55:42 AM
 #4

Dont get your hopes too high. Just because were breaking off the support doesnt mean that this will continue all over to previous ATH. There is chance but make it a practice to always stay low and be always sure. Never become too greedy if others are cashing out or selling already join the league dont expect it more you'll end up like the last bull run when it fade keeping high hopes until he never sell what was supposedly called gains now becomes an asset loss.
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February 07, 2020, 11:30:00 AM
 #5

Dont get your hopes too high. Just because were breaking off the support doesnt mean that this will continue all over to previous ATH. There is chance but make it a practice to always stay low and be always sure. Never become too greedy if others are cashing out or selling already join the league dont expect it more you'll end up like the last bull run when it fade keeping high hopes until he never sell what was supposedly called gains now becomes an asset loss.

I wouldn't call 10k "low". The current price is already quite high if we take into account that a few months ago we were at 6k and considering a drop to 5k.
Those who do TA based on waves say that we're already witnessing the last one before a correction. I'm not one of them but this isn't something we should ignore.
Are we in a bull run? Yes, but breaking 10k is crucial. I believe we can reach 15k before the halving but there could be a correction before that.

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February 07, 2020, 11:37:02 AM
 #6

Let this rally continue, we will eventually breach $10,000 soon and let's see what would happen from their.
IMO, it's too early to tell what would happen as last year we hit $13,000 but only end up with a little disappointment since btc dropped $7000 by the end of the year so a suppose to be altcoins season did not happen.

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February 07, 2020, 11:58:44 AM
 #7

That's what we think, when bitcoin is bullish, there's a lot of positive vibes here.
Well, it's restoring,.. maybe because altcoins are now slowly rising and follow the lead of bitcoin.

soon the $10,000 will be achieve and there will be more hype as we march forward.
Halving hype is really effective, bitcoin is bullish last month and it continue until this month.
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February 07, 2020, 12:33:18 PM
 #8

I see this is a riding year for bitcoin. It has always been a steady move from bitcoin and not staying down below $7,000. And for close to a week, the moment of bull has not seized. It has been green for bitcoin and I see that being sustained till halving.

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February 07, 2020, 01:36:30 PM
 #9

It will come true at this year, I just supprised to see the market time by time bitcoin price always up there and just meet a bit correction and up again. There will be many people who will regreted to not buy bitcoin at the lower price at least when its price still $7000 because it just need one month for bitcoin touch $9800 right now.

But, I'm a bit dissagree if just bitcoin will give you a better tomorrow because I just thinking that ETH is really deserve to say will give you many thing in the future. As you can see how its price movement. Just last month the price ETH was $125 but when this came its price increasing drastically, so you have to consider it by the way.
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February 07, 2020, 04:58:02 PM
 #10

This is kind of what we need as a whole community. When bitcoin starts to go up people get hyped about it on both sides. The buyers start to buy more because it is going up and they fear they will miss out on the potential profits and the sellers start to remove their orders of selling because they fear they will be selling for less than what it will be. That is exactly the reason why the resistance point keeps changing as well, people remove their orders from lower resistance points and put it somewhere higher which kinda helps and hurts us at the same time.

It helps us because we can "break" the current resistance easily but it hurts us because they keep putting it somewhere else, I mean if they are willing to remove it, let them remove and not put anywhere and just sell on market when they feel it is better, which would mean they could sell higher without a resistance point.

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February 07, 2020, 05:38:34 PM
 #11

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

Golden cross are incredibly important and it could  be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!

When you talk about golden crosses you need to say which one. There are many that uses different daily averages.
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February 07, 2020, 08:19:29 PM
 #12

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

Golden cross are incredibly important and it could  be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!

We do have lots of news about golden cross but i dont see for it to be a significant reason.Technicals? Some sort of but not a reliable thing to depend on.

https://www.coindesk.com/bitcoin-charts-first-weekly-golden-cross-in-3-5-years
https://www.marketwatch.com/story/bitcoin-scores-a-golden-cross-and-now-everyone-is-bullish-2019-04-23

And we have that recent
https://cointelegraph.com/news/bitcoin-price-forms-golden-cross-as-china-panic-prints-170b

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February 07, 2020, 08:52:33 PM
 #13

When you talk about golden crosses you need to say which one. There are many that uses different daily averages.

That dude most likely doesn't know what he is talking about. Most people are repeating after what they read on social media. One day decending triangles are a thing, next day short squeezes, then golden crosses, etc.

People think that just because the market is starting to look more healthy that we will see an insane bull run, but that doesn't have to be the case at all. I personally think it's less likely to happen this year with how much resistance levels we have to break through in order to surpass even last year's $14,000 top.

In the end, the averages that mean something in terms of macro trend identification are the weekly moving averages. I see it happen all too often that people go by 4 hour moving averages, and some even hourly averages. Unless you're a trader those low time frame moving averages shouldn't be your focus.
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February 07, 2020, 10:30:32 PM
 #14

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

Golden cross are incredibly important and it could  be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!
When you talk about golden crosses you need to say which one. There are many that uses different daily averages.

Yeah, I'm really not sure what the OP is referring to. I would usually take it mean a bullish 50/200 cross on the daily chart. That's the most common usage of the term:

Quote
The most commonly used moving averages are the 50-period and the 200-period moving average. The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts. For example, the daily 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals.

https://www.investopedia.com/terms/g/goldencross.asp

But as we can see, no daily golden cross yet. Maybe in a few weeks:


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February 07, 2020, 10:42:59 PM
 #15

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

Golden cross are incredibly important and it could  be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!

If we can break through 10k, I'm pretty sure a lot of people will begin to invest in Bitcoin. And hopefully, those who invested during the 2018 burst will have hope again. Let's see if halving will take us to 20k or at least 15k.
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February 07, 2020, 11:30:37 PM
 #16

Love to see all these optimistic topic titles again, means its probably going into another cycle of down before later going up.  Anyone who likes to trade should like that we never seem to move in a straight line for long.

Quote
buy the dip.

Too late seems like, unless we're talking a time frame of some years.   Buy dip usually means finding positives amid seemingly negative pricing, the person who spotted 200 week moving average as being a thing perhaps.    Buying now isnt a dip, its a buy into momentum perhaps and the hope it continues but even that I think it required an earlier buy then now.
   A trade now is difficult because to me its a turning point, market must decide between paths or digest prior gains if you like.

BTC turning around from 3k already restored faith I think, it can half here and still make that claim.  Dont think it will half but just going up isnt a requirement afaik.

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February 08, 2020, 04:30:48 AM
 #17

2 out of 10.
The number of altcoins that increased in my portfolio from all this bull run that is happening with bitcoin.
I still don't agree that everything will go up.
No facts to back it up.

Ethereum is one of the best that got a recent increase in price.
Why? Because there is also an event that will happen in it.
How about the other coins? None. There is no news about it.
So why the hell should they get more valuable? I am really frustrated about it but I need to wait a little bit more.
Maybe all this changes could somehow make them see that something must be done.
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February 08, 2020, 05:17:53 AM
 #18

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

What do you expect? Every coin is traded against BTC. So when bitcoin goes up, a domino effect trickle to the altcoin market as well.

Golden cross are incredibly important and it could  be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!

I see the market in red today. It might be some are selling obviously,  but it will be interesting what this golden cross (if we have cross this pattern yet) could bring. Yes I agree that majority of technical analyst really looks at it as a positive signals. So I do hope that the price will push to 5 digits again.

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February 08, 2020, 06:42:59 AM
 #19

Since the start of the year 2020, the value of Bitcoin continuously develop till in the present its price already reached above $9,600. I believe in the coming days it would hit $10,000 that would support the claim of a Bull run this year.

This would be a great time to invest in Bitcoin.



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February 08, 2020, 07:07:51 AM
 #20

With the halving upcoming and a lot of FOMO being felt, having a bull run right now isn't all that surprising. There's also the fact that BTC has always been in a bull run, starting from its last bottom at 3k at the start of 2019. A lot of people just don't see it because of the last bull run of BTC to 13k last mid-year of 2019.

It's honestly a nice start to the year, and lets hope it continues. But if we based it on what happened in the past halvings, BTC would actually experience a drop once the halving is here, and a sharp one at that. Only then would BTC slowly rise and hit the bull run once more, possibly fighting for another ATH.

R


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