Bitcoin broke 10K wall and Downtrend line

[maydna]

According to Poloniex, bitcoin price finally hit $9,600, but it is not stay for a long time because, after that, the price was down and back to $9,500. But I see there is a chance for the price to break every higher price, and it will back to $10k soon, but we need to be patient. But we don't know how long the price will stay at a price now because it seems, the price still hard to break every high price. The battle at the market still happens, and we will see how much the price will be in a few hours later.

If you want to buy again, I think you need to use some order buy price so you can buy back if the price is down for more, but if the price can increase higher, then you can make a profit.

I believe that now is that the price of the market have downtrend in the perfect time to buy/invest in BTC/ETH which are the most utility coin we have in the market because the recent downtrend seems to be the effort arbitrage traders which is the reason why the market make a quick come back(uptrend).

Yes, I already buy some at a few hours ago at a price $9,500 range, and I am glad to see that the price now back to above $9,600, and I hope that the price can still increase. But I still worry if the price cannot going strong from now on because the chance to see the lower price will still be there, so I think I will make another plan just in case the situations at the market is changing. I think the downtrend still appear at the market, so we still need to be careful if we want to enter the market. Just make sure that you can calculate or know how much money you want to use to trade.

[rexxarofmoknathal]

The momentum of BTC market has been so positive in the last few weeks, it seems that BTC is trying really hard to go past the 10k mark but there still are some resistance points. And all of this movement is despite the reduced market cap, given this I think it wouldn't be surprising to see BTC near 12k by the end of the month. The downtrend is closing in even right this second - BTC will succeed eventually

[slapper]

False signal. Whales have already come in and sold tons of bitcoin in order not to let it get through $10000. Be careful because there's a high chance that bitcoin will go down to $8000 before it can get back the momentum
I have been watching bitcoin recently through a forex broker and most of my analysis is correct
However in a long trend, bitcoin can easily break $10000 and reach $20000 in less than a year. Therefore, right now is a good chance to make some profit with bitcoin

[layoutph]

I am bearish in all my trades, but I am trading ETH against BTC because when USD is too strong against BTC. The pairs of ETHBTC goes up. In this way I am accumulating ETH and other BTC pairs.

[el kaka22]

Buying around these prices is still a bit dangerous because we haven't really settled in what to do just yet. The price was trying to go up last week and back at that day you could have bought and waited for it to keep trying, it eventually broke above and you could have sold. Now it dropped and we all know it will go back above $10k but I am not entirely sure if it will do it right away.

It will probably go up first but it is still a sensitive topic and I am not entirely sure. I am hoping to get some more action before it settles in, like go down and up and down and up for a while so that we could trade a lot better, but if it is not planning on doing that at all, then all we can do right now is hope for it to get high once more so we could just sell it and wait for it to drop.

[hulla]

I am bearish in all my trades, but I am trading ETH against BTC because when USD is too strong against BTC. The pairs of ETHBTC goes up. In this way I am accumulating ETH and other BTC pairs.

Brilliant idea but you also need to keep some part of your current profit by trading your coin for stablecoin which will be use to buy in dip when downtrend occur.

Buying around these prices is still a bit dangerous because we haven't really settled in what to do just yet. The price was trying to go up last week and back at that day you could have bought and waited for it to keep trying, it eventually broke above and you could have sold. Now it dropped and we all know it will go back above $10k but I am not entirely sure if it will do it right away.

It will probably go up first but it is still a sensitive topic and I am not entirely sure. I am hoping to get some more action before it settles in, like go down and up and down and up for a while so that we could trade a lot better, but if it is not planning on doing that at all, then all we can do right now is hope for it to get high once more so we could just sell it and wait for it to drop.

You absolutely right because the market havent choose side and with the momentum posed by the market the whales are the major market player now and only people who have genuine information about whales accumulation movement is in less danger. Besides, the information by whales alert shows that 1,100 BTC (worth $10,761,214 USD) etc was moved from Zapo to Bitfinex possibly to change the BTC into USDT and theres also a huge chance that the market will be downtrend this coming weekend.