Let's be safe about Bitcoin Trading

[Findingnemo]

Saw some kind of similar predictions from other persons as well yesterday where it is about to hit $3500 range but all I can see is bitcoin passing and swinging in the region of $7200 and $7000 for past 24 hours so next 24 hours will become crucial on which way the price is going to move?

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[coinfinger]

5K is something like a psychological bottom for the bitcoin price and unfortunately 10k is the psychological peak, whenever we move under 5k we find a way to quickly go above that right away, it never really takes any time anymore and honestly I am quite happy about it, that is why I have a huge buy order at 4.5k nowadays so that I can actually buy if it ever drops again and I know that it will go beyond once again which means at least 10% profit or even more possibly, that is a good profit to make on investments.

However 10k is a barrier that we are having trouble with, we have moved as far as 14k once last year and it still dropped under, whenever we move above 10k there is this psychological thinking that "we made enough profit" so people start selling there.

[carter34]

Good luck to the traders thought but, isn't it another buying moment whenever it arrives there?

Even as it looks good there , I'm looking that the isolation by almost all country won't allow for massive increase. The lockdown indirectly works on the mind that things ate yet to be normal and that is why buying now , you will see few who will follow to cause a volume growth.

[Oasisman]

Saw some kind of similar predictions from other persons as well yesterday where it is about to hit $3500 range but all I can see is bitcoin passing and swinging in the region of $7200 and $7000 for past 24 hours so next 24 hours will become crucial on which way the price is going to move?

The market is really unpredictable, the pattern is just a guide and mere speculation to follow the possible Bitcoin price movements. However, Bitcoin could also move the other way than the OP predicted it, this is like a 50-50 chance on both sides of movement.
As we can see from the market over the last week, Bitcoin is indeed holding onto that region you have mentioned, and It pulled back at $6,800, then manage to enter back the region again. The market doesnt seem like its going down, at least for the mean time.

[alex-nn]

BTC price will continue to go up because 30 days left before the halving. The halving is too important so I'm bullish now and next months. Long BTC with stop-limit in $6600 area, DYOR.

[dunfida]

Saw some kind of similar predictions from other persons as well yesterday where it is about to hit $3500 range but all I can see is bitcoin passing and swinging in the region of $7200 and $7000 for past 24 hours so next 24 hours will become crucial on which way the price is going to move?

The market is really unpredictable, the pattern is just a guide and mere speculation to follow the possible Bitcoin price movements. However, Bitcoin could also move the other way than the OP predicted it, this is like a 50-50 chance on both sides of movement.
As we can see from the market over the last week, Bitcoin is indeed holding onto that region you have mentioned, and It pulled back at $6,800, then manage to enter back the region again. The market doesnt seem like its going down, at least for the mean time.

Basing up on TA's then we can say that the price is somewhat moving sideways and supports are on 6k levels and thats the time we do hit up 4-5k price but for now it is indeed tanking or somehow
stabilizing into these levels which is good to look at.It is way more better than going below on 4k price just like we did experience a month ago.When it comes to safety talks then you cant avoid
the volatility but come to think that if there are no price movements then theres no profitability on such market.Its just a matter on how you do deal with the volatility to make money.

[Hippocrypto]

Traders should always be careful on executing their trades and it must be backed up by the analysis of a trader. This should also encourage the hodlers to prepare for another cheaper bitcoin and I’d love to buy bitcoin on this level again. Prediction is fine but no need to panic, correction is normal with bitcoin.

The current situation that we're facing right now was more than correction. Somehow the chaos happening doesn't affect so bad on bitcoin, because btc remain intact at $7k range and didn't go down more than that. Pandemic isn't a hindrance for traders even though the economy has faced a deeper struggles, and traders find stronger fighting spirit particular on their respective holdings.

[Bezobraznike]

   Can some trader explain the difference between trading with Bitcoins and trading with alt-coins? I think
trading with Bitcoin is safer, the price moves but it hits some top from time to time, like in that past two
years. Some alt-coins are going down more than up, and many alt-coins can't recover their tops.
   Is there a professional trader here to say more about this? Thanks in advance!

[Findingnemo]

Saw some kind of similar predictions from other persons as well yesterday where it is about to hit $3500 range but all I can see is bitcoin passing and swinging in the region of $7200 and $7000 for past 24 hours so next 24 hours will become crucial on which way the price is going to move?

The market is really unpredictable, the pattern is just a guide and mere speculation to follow the possible Bitcoin price movements. However, Bitcoin could also move the other way than the OP predicted it, this is like a 50-50 chance on both sides of movement.
As we can see from the market over the last week, Bitcoin is indeed holding onto that region you have mentioned, and It pulled back at $6,800, then manage to enter back the region again. The market doesnt seem like its going down, at least for the mean time.

And its again hit $6800 region in the past 24 hours so I believe there is some resistance at this price region it it gets broken then there is really high chance for prices will go down.

[Yamifoud]

Those who have btc or are trading with btc be trade very carefully
btc will arrive at 4500-5000 very soon
The chart is well noted that there is no positive sign.[/size]

Special Note : It's just an estimate from my analysis not any financial advice 😊

Then, I have to presume also that the market won't fall instead to see it rising. I have also to think about the coming halving and may this event could have something to change the trend we have today. Though we don't have strong market resistance but this won't be a reason to see Bitcoin dropping. We are currently at $6.8k and we've been stabilized at this range ($6.8k - %7.2k) for how many days, this may be quite enough to think that we can make more pumps rather than seeing it falls into $5k.

[lienfaye]

Well it has no concrete basis, every speculation has no assurance that it will happen though anything is possible since the market is unpredicted. Bitcoin price can move upward or downward we really cant say, even the coming halving is a month away its not certain if this event can affect the price of btc and crypto as a whole. So lets just be prepared for the coming days and keep on accumulating while the price of btc is not expensive.

[adaseb]

This reminds me everyday of wallstreetbets and how everybody there (or at least 99%) are bearish on the stock market and they either short the S&P500 or buy some puts. They have been doing this for the entire last month, many shorted the bottom and right now they are starting to realise, what if the bottom is in?

Same with bitcoin, sure on the charts it looks bearish, especially at the 8K area where it initially dropped from however you need to take into account the fundamentals which are not shown in the technical charts. For one there is the halving. For two its following the stock markets which are in an uptrend despite the unemployment numbers and loss of growth.

Hence just because it looks like a good short trade, doesn't always mean it will work out that way. Similar to the stock market.

[palle11]

It has arrived there so with your analysis it means that it will be back there anytime soon.

Yes, like as usual bitcoin can move sideways, upwards or downwards like there's no pattern where it's really heading for the short term analysis. And some of those analyses didn't caught where bitcoin is actually going. Good luck to the traders thought but, isn't it another buying moment whenever it arrives there?

It is looking like it will be advisable to buy bitcoin after halving. Bitcoin prediction now isn't very clear and we have two factors locking around at same time which are covid-19 and halving.
If a huge drop happens, then good for buying, no huge drop I wait after halving 

[Lanatsa]

Those who have btc or are trading with btc be trade very carefully
btc will arrive at 4500-5000 very soon
The chart is well noted that there is no positive sign.[/size]

Special Note : It's just an estimate from my analysis not any financial advice 😊

Then, I have to presume also that the market won't fall instead to see it rising. I have also to think about the coming halving and may this event could have something to change the trend we have today. Though we don't have strong market resistance but this won't be a reason to see Bitcoin dropping. We are currently at $6.8k and we've been stabilized at this range ($6.8k - %7.2k) for how many days, this may be quite enough to think that we can make more pumps rather than seeing it falls into $5k.

We know that nothing is assured when we do talk about price that would hold up on a specific range or area.Even though it do tank
up for a period of time but doesnt mean that it wont collapse nor break down.We know that it can easily be triggered up either
theres some specific news comes out or randomly happens yet we know this market is always been unpredictable.

For now we are tanking which is good but hopefully it can last up until near halving and might able to push up if the market
is somehow being affected by some sentiments due to halving.