Now Lot of things to focus on BTC!!

[Lasky366]

BTC is now trading in Symmetrical triangle. If triangle does not break then BTC may remain stable in this range of 9.8K - 8.8K for some time. If BTC is stable, ALTCOIN will pump

BTC will make a huge move if the triangle breaks 10K-10.5K Strong resistance level. Next target at break 11.5k - 12.5k.

Strong support zone at 8.5k. This level has been supporting BTC for the last one month If it brakes plus the triangle brakes downwards the target is 7.5k-7k.

Let's see what happen next 👀👀

[Tytanowy Janusz]

...
BTC will make a huge move if the triangle breaks 10K-10.5K Strong resistance level.
...
Strong support zone at 8.5k.

Strong resistance at 10k and strong support at 8.5k Agreed but I think it is worth to say that "strong" is not alwais equal to "strong".



That's how strong 10k resistance is and how important it is. Its 2.5 year downtrend.

[kapalmabur]

what about altcoin? Should we not focus on altcoin ?, I heard the news that altcoin season is coming,
and I saw a lot of altcoin pumps up to 300%, what do you think?

[Tytanowy Janusz]

what about altcoin? Should we not focus on altcoin ?, I heard the news that altcoin season is coming,
and I saw a lot of altcoin pumps up to 300%, what do you think?

For now only low volume coins, mostly shitcoin pump and dump.

I see 2 scenarios regarding altcoins:

1- For average altcoin trader/hodler bitcoin is now boring after halving. If it will stay at current price for longer and we will not get strong bad news from macroeconomics than it is good time for alts to rise and bitcoin dominance starts to show that by new lower highs:



2- 2017 bitcoin bubble was backed by "bitcoin as new currency that will very soon replace fiduciary currencies" paradigm. This, together with bitcoin network problems that it was facing in the end of 2017 (50$ per transfer), scalability and others pushed new investors (that came here for FOMO around FIAT replacement) into altcoins. 2020 bubble can be totally different. Currently, most articles are about "bitcoin as digital gold / safe haven" not about "innovative new currency"... Thus if 2020 bubble will be placed around global recession, escape from FIAT to "safe haven" than alts may be forgotten. In this scenario we will see huge bitcoin pump without altcoins till the end of next bubble.

[Slow death]

BTC is now trading in Symmetrical triangle. If triangle does not break then BTC may remain stable in this range of 9.8K - 8.8K for some time. If BTC is stable, ALTCOIN will pump

well, breaking $10500 is being the hardest thing to happen in the last few months and every time the price fails to break $ 10500 it drops a lot and while the price remains stable at $9000 the altcoins are gradually increasing, the price of ETH it is now $220 and in relation to bitcoin is 0.023 BTC. if bitcoin manages to break the $10,500, people will likely sell their altcoins to buy bitcoin and we will see altcoins dropping a lot. really the last two years hasn’t been good for altcoins

what about altcoin? Should we not focus on altcoin ?

it's needed to look at which direction bitcoin is going before buying altcoins

I heard the news that altcoin season is coming,
and I saw a lot of altcoin pumps up to 300%, what do you think?

it should probably Is some pump and dump scheme

[exstasie]

BTC is now trading in Symmetrical triangle. If triangle does not break then BTC may remain stable in this range of 9.8K - 8.8K for some time. If BTC is stable, ALTCOIN will pump

BTC will make a huge move if the triangle breaks 10K-10.5K Strong resistance level. Next target at break 11.5k - 12.5k.

Triangles, within triangles, within triangles......



If bears can make new weekly lows sub-$8.1K, suggesting that Wave E is in play, we could see another triangle at the lower degree. That's the aqua squiggle. Wave E is always either a zig zag or a triangle.

[Paycoinzzz]

You draw the chart very well and it is very convincing. But in my opinion, the price of BTC will drop sharply in the coming days. Now that the United States is really unstable both politically and economically, European countries are also seriously affected by the epidemic. The economy is tending to be in recession, very likely to happen next year. so bitcoin will be ahead of the stock market. we will have a bad year even though bitcoin halving has taken place.

[el kaka22]

Is that lot of things to focus? I do not think so as we had experienced much more external news dependent situations and in my opinion those were lots of things to care and make decisions. Not, it is so clear that bitcoin markets may break the biggest physiological resistance or it will go down again to test $8500 levels again and then come up to break the same biggest resistance level; this time or next time, is the only thing we need to focus on as of now .

BTC will make a huge move if the triangle breaks 10K-10.5K Strong resistance level. Next target at break 11.5k - 12.5k

Yes, sustaining above $10k levels will open door towards $12k levels in short term but in-between a small pullback will be inevitable as there might be many whales getting ready to book profits around $10,900 levels.

Strong support zone at 8.5k. This level has been supporting BTC for the last one month If it brakes plus the triangle brakes downwards the target is 7.5k-7k.

I am sure that $8.5k will hold forever unless otherwise there will be any impactable political news. Even anything happens, I am not expecting it would persist, quick bounce back will happen most likely.

[The Cryptovator]

Although I am not a good technical analyzer/chart analyzer but I don't believe such as triangle chart where anyone could draw anything. As of all everything bitcoin price also depends on demands. Either there is news or technical chart everything valued by buy pressure. Just forget about manipulation, but normally bitcoin price increse when new investors enter on it, there is no other things. Your thread title isn't matching with what you wrote, I haven't found where we have to focus. Regarding altcoin, its seems when bitcoin pump altcoin start dump, and when bitcoin dump altcoin start pump.

[ethereumhunter]

The short target price will be at $10k first. The bitcoin price needs to break that price because I think that price is difficult to break so far, and we need to be patient. But if at this moment, bitcoin price can get more support to lift the price, then we will see the price can break $10k before the next month, so in the next month, the price can increase more. But now, the price changes from $9,500 to $9,400 and $9,300, and back again to the higher price. I wonder when the price will be up to $9,500.

[DevilSlayer]

It is better to view and analyze the "virgin chart" of the bitcoin ( charts without indicators and tools) rather than analyzing your own analysis. Are you not confusing on your own analysis because of too many tools that are you using? There is a saying that simplicity is better in trading, but I slight understand what are you trying to say. There will be another bounce that will happen if the price will not overcome its current major resistance around $9700-$9800. If there will be a breakout in this range of resistance then there is a high chance that we will see a parabolic move.  

[GreatArkansas]

The chart make sense and we clearly see the $10,000 level is too strong resistance, for recent months we already tried to break that $10,000 level but we always ended rejected.
For me, if we will not break $10,000 this time especially on the monthly closed or next week, I am expecting again that we can visit $8,000 level again.

[Jating]

The chart make sense and we clearly see the $10,000 level is too strong resistance, for recent months we already tried to break that $10,000 level but we always ended rejected.
For me, if we will not break $10,000 this time especially on the monthly closed or next week, I am expecting again that we can visit $8,000 level again.

$8800 is a strong resistance, we haven't seen it breach yet, that's why didn't visit lows of $8'ish because of that support. I think the next target is around $9700, before we can see another break out, either have some minor correction again or push to $10k. The bears are making it hard for the market to go to 5 digits again after the halving. For altcoins? I doubt that we are in the altcoin season, majority of them are still way behind their all time high and investors are still looking at bitcoin for now to short.

[FanEagle]

I have always been confused about each and every moment of Bitcoin and this is just another one of those days. Bitcoin is really a volatile thing that doesn't really make too much sense to me, sometimes you look at it and it dropped 25% suddenly, sometimes you look at it and it increased 20% suddenly, WHAT CAUSED IT!!

I never get to learn. Looking at these charts gives me stomache nowadays, like a gurgling sound in me that I can't explain, it is both nice to know what I am looking at and also scary to realize what the hell am I looking at.

Anything could happen at anytime which means all my investments could potentially worth half of what I invested in, which is scary beyond measure, but also it could be double of what I invested, which is awesome obviously, and both of that being possible is incomprehensible even after years of being here.

[BrewMaster]

after halving price always stabilizes like this so there is not much expected out of bitcoin. and now since the bitcoin price is going to be stable and most traders know this, they would go to shitcoins and start pumping those specially since lately altcoins have been getting dumped a lot due to bitcoin volatile price. so there is a good chance of money going over to altcoins for a while and pumping them while whale accumulators continue buying bitcoin dips and filling their pockets to get ready for the breakout. and then the shitcoin pumps get dumped and the profit + capital comes back to bitcoin for a bigger push.

[jossiel]

Inline to bitcoin's movement, the alts are significantly following it.

I have always been confused about each and every moment of Bitcoin and this is just another one of those days. Bitcoin is really a volatile thing that doesn't really make too much sense to me, sometimes you look at it and it dropped 25% suddenly, sometimes you look at it and it increased 20% suddenly, WHAT CAUSED IT!!

I never get to learn. Looking at these charts gives me stomache nowadays, like a gurgling sound in me that I can't explain, it is both nice to know what I am looking at and also scary to realize what the hell am I looking at.

Anything could happen at anytime which means all my investments could potentially worth half of what I invested in, which is scary beyond measure, but also it could be double of what I invested, which is awesome obviously, and both of that being possible is incomprehensible even after years of being here.

It's the nature of bitcoin, volatility. If you can never learn from those like mostly what we're looking at. We can simply read these analysis that we can adopt if we want to or get to it as a basis. We always have the option to hold and wait until to your price point.

[ScamViruS]

Bitcoin prices have been stable since Halving. Whale traders are now busy pump and dump into the altcoin market. That's why it's still difficult for me to say anything clear. But looking at your chart, I get an idea of ​​which way the market is likely to go. $10500 is still a strong resistance for Bitcoin. However, the Bitcoin market can suddenly be a pump or a dump for any new news, so I do not rely entirely on charts. Let's see what happens.

[Kelvinid]

We have a new market pump today, but I think this won't be a continual increase and probably it drops back again in a while. But we have witnessed a strong market gain of some altcoins and this makes me think that Bullish could something be near. If we break the $10k resistance, the possibility of continuous market pumps will soon happen. But I know it wasn't going to be straight high, a roller coaster alike still the looks of the market we are going to see. We could probably see a zigzag line.

[Kemarit]

We have a new market pump today, but I think this won't be a continual increase and probably it drops back again in a while. But we have witnessed a strong market gain of some altcoins and this makes me think that Bullish could something be near. If we break the $10k resistance, the possibility of continuous market pumps will soon happen. But I know it wasn't going to be straight high, a roller coaster alike still the looks of the market we are going to see. We could probably see a zigzag line.

Yes, it seems that the market bounce back, a few hours ago, the price is hovering around $9400, but it suddenly goes up to $9600 and Ethereum has a good pump, reaching $240 which is very strange. Anyways, I still don't think that we have the alt season, they are still dependent on Bitcoin price movement. It will be interesting to see how this sudden spike will go, if we break $10,000 then that's a bit accomplishment after the halving. The thing is that the five digits is really hard to sustain for now.

[maydna]

We have a new market pump today, but I think this won't be a continual increase and probably it drops back again in a while. But we have witnessed a strong market gain of some altcoins and this makes me think that Bullish could something be near. If we break the $10k resistance, the possibility of continuous market pumps will soon happen. But I know it wasn't going to be straight high, a roller coaster alike still the looks of the market we are going to see. We could probably see a zigzag line.

I guess that is not so high, but it is enough to book some good profit

And now, the price is back to $9,500 level price, but it seems, the price wants to get another moment to back to increases again so perhaps, tomorrow will be a good day to see the price will be back at $9,600 level price. But we need to be prepared if the price can not break $9,600, especially if there are some big order that can dump the price to the lower price. Make sure you are ready with your money to buy bitcoin at a lower price and don't miss that chance. Set the alarm will be a good way to know when the price is down.