Lasky366 (OP)
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June 11, 2020, 04:07:06 PM |
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BTC will take a big movement at any time Pump or Dump whatever. Now it's trading in Triangle. Last Time Was a Fake breakout and started walking on the sideway. But this time there will be Some good Volume plus Breakoout So the chances of getting a big move are high. As we all know that ALT Coin Always is dumped in BTC Movement. So it is better to exit from ALT Coin now. And in my opinion, you should stay away from ALT Coin until Dominance Trend Breakdown and Dump.
10K is now a huge demand zone. Level Breakout with good volume will be BTC Pump. & Another Strong level at 10.5K. If this break, BTC can touch up to 11500-12000.
If Triangle Breakdown, there will be more chance of BTC Price Dump.Then 8900-8600 Support zone can test.
Next Support zone at 7960-7600!
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qwizzie
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June 11, 2020, 05:07:03 PM |
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This is the marketcap dominance of Altcoins : ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7lmmtj7.jpg&t=665&c=vEm2Hm22qbgAWQ)
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Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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Jating
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June 12, 2020, 10:07:12 AM |
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As far as BTC's volume though, yes there is a quick jump in the last 48 hours after the dump, which means that there could be lot of buy orders getting executed. So we will have to wait and see again what will be the trend or if an imminent break out is to be made.
For altcoin market, it's been this way for the last two years if I'm not mistaken, so I'm not expecting any pump. BTC is still overshadowing them, and obviously, only ETH is moving along with BTC.
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slapper
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June 12, 2020, 10:17:54 AM |
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I agree with you. Bitcoin is currently in a demand zone and shaping a triangle. Anything can happen at this moment. However, the uptrend is kind of strong in which I believe it will hold the price of bitcoin and make more money to flow in. However, we still have to prepare for the worst-case scenario. I do have the fate in this uptrend. The economy is recovering from the pandemic and so do bitcoin. Therefore, if you want to buy bitcoin at this moment, split your capital into two-part. One for instant buy, and another for $7500
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kapalmabur
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June 12, 2020, 02:24:03 PM |
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Big Movement will happen starting next week, I think, right now the price is still consolidating at $ 9500, maybe it will go up to $ 10,000 again, and maybe this is time for alts ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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sunsilk
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June 13, 2020, 11:07:24 AM |
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Big Movement will happen starting next week, I think, right now the price is still consolidating at $ 9500, maybe it will go up to $ 10,000 again, and maybe this is time for alts ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) It is very easy to say that something might happen next week or so. But without any valid technical analysis or thought how it will happen, it's a mere guess just like what I do. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Comparing with the chart of 2016 & 2020 Halving, it is clear that there is a chance of making a big correction.Crossing 10000 & 10500 these two levels will start of possible BTC Bull run But before that a correction can be expected.
Looks like there are many analyses that I have read says the same thing. A big correction is about to come but we should wait until it finally shows the clue and pattern, might wait for $10500 first before thinking of next move. Thanks for the analysis btw lasky.
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okala
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June 13, 2020, 01:21:40 PM |
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The volatility has reduce and it might go In a way of what happens at this time in 2018. The volume has also drastically reduced since yesterday. Don't expect magic this time many fund has been moving out of the cryptocurrencies market since the halving.
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palle11
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June 13, 2020, 03:50:55 PM |
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The volatility has reduce and it might go In a way of what happens at this time in 2018. The volume has also drastically reduced since yesterday. Don't expect magic this time many fund has been moving out of the cryptocurrencies market since the halving.
I'm thinking that volatility is just starting. Last week and this week ending has been really volatile. Volatility is when price isn't dragging. Yesterday, price went far down to $9,100 after breaking $10,000 two days ago; that is volatility. I'm still expecting what happened in 2017 to happen as halving is significant to btc price. When ever price completely break $10,000, we could be seeing more volatility.
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SquallLeonhart
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June 13, 2020, 05:56:51 PM |
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Support lines are way too strong compared to the resistance points. If we can break the resistance that is obvious that we will reach to above $11k levels, I am not entirely sure about over $12k but that is of course possible, this is bitcoin after all, there is nothing stopping some whale to buy thousands of bitcoin all at once and making it $12k+ right now, but I see $11-$11.5k levels as most likely.
Could support be broken and go down? Of course it can be, we just had a $9k to under $4k break down few months ago (mainly due to pandemic) and normally that should have been very very hard to achieve with all the money that was required to do it but it happened overnight. So, all the calculations of what could happen could become worthless sometimes, you just have some whales doing whatever they want.
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Lasky366 (OP)
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June 13, 2020, 06:06:33 PM |
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BTC will take a big movement at any time Pump or Dump whatever. Now it's trading in Triangle. Last Time Was a Fake breakout and started walking on the sideway. But this time there will be Some good Volume plus Breakoout So the chances of getting a big move are high. As we all know that ALT Coin Always is dumped in BTC Movement. So it is better to exit from ALT Coin now. And in my opinion, you should stay away from ALT Coin until Dominance Trend Breakdown and Dump.
10K is now a huge demand zone. Level Breakout with good volume will be BTC Pump. & Another Strong level at 10.5K. If this break, BTC can touch up to 11500-12000.
If Triangle Breakdown, there will be more chance of BTC Price Dump.Then 8900-8600 Support zone can test.
Next Support zone at 7960-7600! BTC did breakTriangle but did not break the Support Zone due to lack of Significant Volume. So if BTC Holds 9200-9300 Zone then we can see the Retest up to 9800 Level at the top.
Resistance Level: 9420-9520-9630-9800 BTC can take retest at these levels (if support zone holds)
Comparing with the chart of 2016 & 2020 Halving, it is clear that there is a chance of making a big correction.Crossing 10000 & 10500 these two levels will start of possible BTC Bull run But before that a correction can be expected.
Weekly Candle Close will get more clear idea To make an entry in ALT Coin, we have to wait till the Weekly Candle Close of Dominance Chart. Well my Speculation come truth again. It was I posted on last night.Which is Bitcoin touched 9520 & again dumped around 9290 dollars. So what we could expect now? Guess your Speculation below......
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exstasie
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June 13, 2020, 10:59:19 PM |
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Next Support zone at 7960-7600!
We've been consolidating for a whole month now above the $8,100 monthly low. If that breaks down, there will be a major stop run past that zone. I believe the market will drop further than most bears currently expect. Looking at daily pivots, the $7,200 and $6,400 areas look much more interesting. Considering that BTC loves to go to extremes, the 0.705 retracement level around $5,800 looks possible too. Comparing with the chart of 2016 & 2020 Halving, it is clear that there is a chance of making a big correction.Crossing 10000 & 10500 these two levels will start of possible BTC Bull run But before that a correction can be expected. An equivalent drop to 2016 (the post-halving downtrend) by percentage would suggest the $6,200s.
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STT
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June 13, 2020, 11:10:19 PM |
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2016 is why Im neutral on this whole year really, it did even out and accumulate at that time which is something we need to watch for. First objective here is to go past the year average to meet the 200 day, whatever is the largest volume in those areas could prove to be a turning point or a place for shorts to take profits hence we rise from there. Near term its turned at 9200 lots of times and we have not even passed that, its the 50 day average now so might add up to something significant is passed below.
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btc78
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June 14, 2020, 02:31:20 AM |
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BTC will take a big movement at any time Pump or Dump whatever. Now it's trading in Triangle. Last Time Was a Fake breakout and started walking on the sideway. But this time there will be Some good Volume plus Breakoout So the chances of getting a big move are high. As we all know that ALT Coin Always is dumped in BTC Movement. So it is better to exit from ALT Coin now. And in my opinion, you should stay away from ALT Coin until Dominance Trend Breakdown and Dump.
10K is now a huge demand zone. Level Breakout with good volume will be BTC Pump. & Another Strong level at 10.5K. If this break, BTC can touch up to 11500-12000.
If Triangle Breakdown, there will be more chance of BTC Price Dump.Then 8900-8600 Support zone can test.
Next Support zone at 7960-7600!You seems to be prediction maker huh?After creating this thread about bitcoin movement itself https://bitcointalk.org/index.php?topic=5254022.0Another one comes about the bitcoin and alts this time?Well i am just hoping that while you are establishing your credibility here some of your prediction may come true. Support lines are way too strong compared to the resistance points. If we can break the resistance that is obvious that we will reach to above $11k levels, I am not entirely sure about over $12k but that is of course possible, this is bitcoin after all, there is nothing stopping some whale to buy thousands of bitcoin all at once and making it $12k+ right now, but I see $11-$11.5k levels as most likely.
Could support be broken and go down? Of course it can be, we just had a $9k to under $4k break down few months ago (mainly due to pandemic) and normally that should have been very very hard to achieve with all the money that was required to do it but it happened overnight. So, all the calculations of what could happen could become worthless sometimes, you just have some whales doing whatever they want.
I don’t think it is necessary to look for much higher like 12k and 13k when we cannot even stay a week in 10k level,this sounds over expectation for us and the market as well.
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SARA ISLAM
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June 14, 2020, 05:40:38 AM |
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The daily and weekly charts clearly show a very strong resistance zone as well as a decrease in trading volume. This area breakout does not seem possible until the volume is reached. We hope to see a much bigger bull run if we can break the resistance area.
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adaseb
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June 14, 2020, 06:18:59 AM |
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These charts at the moment don't really mean much when BTC is highly correlated with stocks, especially in a bear trend. You can plot a M5 chart of the SP500 with bitcoin and you can see they follow each other very closely.
Right now it depends what happens with the stock market which will determine the short term trend for Bitcoin. If the stock market crashes again to a new yearly low then BTC won't be breaking $10K anytime soon.
However the recovery should be pretty quick like last time.
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pooya87
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June 14, 2020, 07:57:33 AM |
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you are calling it "fake breakout" and "pump and dump" NOW because you can see the price didn't go up. otherwise despite your follow up says, the volume is just as good as previous time and the demand is also waiting there to jump in, again just like last time. it doesn't take that much to see $11k either but it will take a lot to see $8.6 let alone anything in $7k range!
as for alts, they always move when bitcoin is stable meaning nowadays. if bitcoin has a breakout or even a drop then it will be nightmarish for altcoins as they get dumped while money migrates back to bitcoin market.
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Lasky366 (OP)
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June 15, 2020, 10:38:52 AM |
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BTC will take a big movement at any time Pump or Dump whatever. Now it's trading in Triangle. Last Time Was a Fake breakout and started walking on the sideway. But this time there will be Some good Volume plus Breakoout So the chances of getting a big move are high. As we all know that ALT Coin Always is dumped in BTC Movement. So it is better to exit from ALT Coin now. And in my opinion, you should stay away from ALT Coin until Dominance Trend Breakdown and Dump.
10K is now a huge demand zone. Level Breakout with good volume will be BTC Pump. & Another Strong level at 10.5K. If this break, BTC can touch up to 11500-12000.
If Triangle Breakdown, there will be more chance of BTC Price Dump.Then 8900-8600 Support zone can test.
Next Support zone at 7960-7600!$512 dump⚠️ 9400 to 8888! Actually I was updated previously! ALT market completely red in blood! Well, wait until btc get stable then ALT will bounce back again✅
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GreatArkansas
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June 15, 2020, 12:16:50 PM |
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What also I am looking forward for that $10,000 is being a bull trap for Bitcoin now. Volume is decreasing but we still can't stay above $10,000 or above for even just a week. With these dumps and multiple rejections to $10,000, I am started to think that we will see $7,000 first before $10,000 again.
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