BTC Keeping it's limitaion Between 9--10K

[Lanatsa]

There are times when bitcoin is stable and doesn't move too much, people think that bitcoin is a volatile currency but in reality whenever there is a price movement that is usually not a price movement that is constant and for a long period.

Normally bitcoin stays around the same price for a looooooong time then it moves like 50% higher and 50% lower and so forth in order to change, for example if we take the current price, it could stay $9k for like 3 months, then go to $4k and then to $12k and back to $9k in just 2 weeks, and stay at $9k for couple more months. This is why I keep trying to say people that the volatile nature of bitcoin is not constant and always, it is something that happens time to time and we should be waiting for that time, not expect it to move all the time.

Or shall we say this is moving sideways but not really talking about stable thing because if we do talk on that manner then it doesnt move on big percentage in a long period of time.

We know that the current price movement wouldnt really be that high but doesnt mean that it do only limit out the price movement. We are on a pandemic situation

which is understandable that money wouldnt really easily flow to this market but pretty sure that it happen but no one would ever know.

[Zemomtum]

This is a great analysis and I am not expecting BTC to go lower than $8500 in a worse case scenarion. Things still look bulish for BTC is a short time immediatelt it breaks this accumulation stage.

[NotATether]

[ img]https://imgbb.online/images/2020/07/11/IMG_20200711_213111_256.jpg[/img]
$BTC Daily Update

📌 Gonna be interesting soon.. Remind that on Daily we went under the Pivot Point and now it's time for either a reversal of the trend if we break out of an Ascending Channel to downward. Or return back on track (for this breakout of descending channel to upward & breakout of the pivot point are required)

Tradingview looks like an interesting and comprehensive chart maker, but I can't figure out how to add ascending and descending channel triple-lines to the chart. I'm sure explaining what these two terms are will help many of us better understand which parts of the chart are important.

[okala]

Last time BTC is rejected from  trendline and dumped up to almost 9200.Now it is trying to break the trend line for the second time.Now if the daily candle closes on 9370 then the trend will break and 50 MA will also have a chance to breakout.
So now there is an opportunity to test 9700-9900. But if it fail to do that, there may be an chance to instant dump at 8900-9000.

Let see how this goes...

I do agree with the trend line you have put in place and the probability breakout level set. The next breakout is going to have huge impact on the pricing and bitcoin might lose or gain over 30% after the breakout. I am watching to see what happens next.

[maydna]

I do agree with the trend line you have put in place and the probability breakout level set. The next breakout is going to have huge impact on the pricing and bitcoin might lose or gain over 30% after the breakout. I am watching to see what happens next.

But unfortunately, we don't have any sign when that happens in the next because bitcoin moves without we can predict accurately. It could happen this month or next month or even next year, but the important thing is we need to be ready because the breakout can happen anytime. The price itself from a few days ago doesn't move significantly, and even if the price increases for a small price, it will be back to the last lower price, and that happened many times. So you need to be careful if you want to trade because no one knows when bitcoin can touch the lowest price.

[shoreno]

I do agree with the trend line you have put in place and the probability breakout level set. The next breakout is going to have huge impact on the pricing and bitcoin might lose or gain over 30% after the breakout. I am watching to see what happens next.

But unfortunately, we don't have any sign when that happens in the next because bitcoin moves without we can predict accurately. It could happen this month or next month or even next year, but the important thing is we need to be ready because the breakout can happen anytime. The price itself from a few days ago doesn't move significantly, and even if the price increases for a small price, it will be back to the last lower price, and that happened many times. So you need to be careful if you want to trade because no one knows when bitcoin can touch the lowest price.

signs ? the trend line or the chart that we saw here is already their sign to predict if what can happen next on the price of btc but still ,  anything can happen anytime of the day  .

thats what we believe for us normal users that dont depend or dont know how to use signals and charts .  the pattern of the price for btc is only back and forth but we shouldnt be confident on it as this can only be a trap .

[maydna]

~snip~

signs ? the trend line or the chart that we saw here is already their sign to predict if what can happen next on the price of btc but still ,  anything can happen anytime of the day  .

thats what we believe for us normal users that dont depend or dont know how to use signals and charts .  the pattern of the price for btc is only back and forth but we shouldnt be confident on it as this can only be a trap .

I don't call that sign as the trend line or the chart in the market because we need more than that trend line or the chart to analyze and find more signs. We need to find more signs from the history trading, the order queue, and even we need to find the other sign from the other indicator, and not just from the trend line or the chart.

The pattern of bitcoin prices will always be up and down, but the difficult thing for us is to buy low and sell high. Not all people can get that sign because sometimes, we feel that we can buy at a low price, but then the price will go down for more in the next thirty minutes. If we only analyze from the trend line and the chart, we will not get more signs if the price will go down or not.

[Ridwan Fauzi]

The pattern of bitcoin prices will always be up and down, but the difficult thing for us is to buy low and sell high. Not all people can get that sign because sometimes, we feel that we can buy at a low price, but then the price will go down for more in the next thirty minutes. If we only analyze from the trend line and the chart, we will not get more signs if the price will go down or not.

Basically the trend line is a tool to know the support and resistence which I think this strategy is very useful for trader. I can't imagine for those traders who trade but they didn't know where the support price and where the resistence price. At least with the trend line strategy you can make a good place for entry also for exit when you get profit or lose. If we have known that, we can correlate with fundamental analyst which I think fundamental analyst is the main factor for us to gain profit. I mean, if you have some information then you can compare with the current chart.

[Lasky366]

$BTC Update

Horizontal Support mentioned yesterday has held. Moreover BTC crossed back into the Ascending Channel. Considering scenario with long, but only if BTC breaks the Local Resistance Trendline.

[NotATether]

Presently BTC also had two consecutive gains right now. If it gets a third then that will be a three white soldiers pattern which is supposedly good for the price, but then again we are very close to the first support and there are several dips that it needs to recover to get anywhere near the first resistance. But the 50 day MA isn't doing well the last few days, hopefully that will be temporary.

[LogitechMouse]

~

If that trend line will be broken then there is a chance that it can go up higher at around 9200-9400 I think.

In 1D chart, since the start of the month Bitcoin is moving from around $9000 to around $9400 only. Right now its hard to predict where will Bitcoin heading too. I'm just waiting for any signs before making my decision.

[TheGreatPython]

In 1D chart, since the start of the month Bitcoin is moving from around $9000 to around $9400 only. Right now its hard to predict where will Bitcoin heading too. I'm just waiting for any signs before making my decision.

Even in 4 days or weekly chart, you will see same kind of moving since the beginning of this month ; kidding aside, this is what OP is trying to emphasize; Bitcoin market is limited between two price ranges and like most other people here I am too worrying on that. I basically need wildly fluctuating bitcoin markets rather than this kind of boring one.

the 50 day MA isn't doing well the last few days, hopefully that will be temporary.

How you say moving average of 50 days is misleading when consecutive gains are happening? Usually cross over of moving average lines are powerful to detect the on-going trend (not the upcoming), this way 50 day moving average show stay above the line chart of market when there are positive candle happens. I doubt about some times, few technical analysis are not getting refreshed along with market and other tools.

[AjithBtc]

Somehow it hasn't fallen low, the market which is predicted to reach a big value by now hasn't shown signs of big growth. Going through the market condition of other markets what's been happening with cryptomarket isn't that worse. Maybe this isn't the time to profit big, but there is regular price movement within limits. This helps with earning little out of the regular fluctuations.

[Zackgeno96]

$BTC Update

Horizontal Support mentioned yesterday has held. Moreover BTC crossed back into the Ascending Channel. Considering scenario with long, but only if BTC breaks the Local Resistance Trendline.

This resistance is the thing that is scaring the bulls right now just like the previous months where the price actually crossed the resistance a multiple number of times but in the end, when it tried to test the resistance it used to fell always if in testing the resistance the price wouldn't have fallen and would have gone up again then I am pretty sure the resistance would have become the support and the bullish market would have started. Let us see what will happen now with this price point, I guess it will be a different day but the same scenario.

[gabbie2010]

From lats couple of months this has being in the range bound as it has gone twice above 10k but had fallen from those levels and also had fallen below 9k during this period but had managed to bounce back form that and now at around 9250$ range. So for now it seems that it is being the 9-10k one. Some positive move will result towards the much awaited 10k price.

My stand on this is that except a positive fundamental news is on the horizon this will stirred up the price to be bullish and break those resistance and trendlines else the price will continue to range between $9K to $9K4 I am very optimist that in the next few days to come something positive will trigger a bullish run although there is rumor hack on twitter account of some influential personals of course some analyst had attributed the bearish sentiment of bitcoin to the hack while predicting more dump in days ahead based on fundamental point of view.

[bearexin]

I do understand that bitcoin may not be moving because there is really no reason for it to move. However, I do not understand the volume and liquidity being so low. I mean bitcoin is still liked right? Nothing that happened causing bitcoin to be hated or not wanted or lose attention as far as I am concerned?

If that is the case then why do we not get more stuff that would be higher volume and liquidity with people all around the world trading billions of dollars worth of bitcoin back and forth.

The price in that situation would move but even if it doesn't end up moving and there is 5 billion dollars worth of bitcoin bought and 5 billion dollars worth of bitcoin sold at the same time, causing the price to be exactly the same, that would at least mean there is some more attention towards bitcoin. That is what I want to see and want to know why it is not there.

[lepbagong]

right now bitcoin is only moving around $ 9K, it seems that it hasn't found the momentum to break through again to $ 10K. if it has broken again and lasted around $ 10K long enough there will be an increase even though it is slow and will not go down again.

at the moment it is likely to fall could have happened to bitcoin if it still only moves in the range of $ 9K, and that is a natural thing. but it must be remembered that bitcoin will experience an upward trend at the end of this year and continue to reach its peak next year.

prediction later this year bitcoin will be able to reach $ 15K and will continue to increase in 2021.
this is if we look back at the results of halving in the past, in the first and second halving, a year later reached the peak point of increase.
the peak of the increase always occurs in December, whether next year will also fall in December? this is a question that is quite a concern. if bitcoin can reach $ 15K by the end of this year it is likely that the peak of the increase could again occur in December next year.

[STT]

I mean bitcoin is still liked right?

If as a trader we just wanted movement then its preferable to have much disagreement and dislike of BTC if anything, you dont all these people with the idea to buy and hold it.     For good trades you want alot fear, much selling till its oversold then a buy trend that also then gets overbought and so on with continual strong trends.    People holding, others not with any fear or expectation beyond this price level especially for this year means theres little energy in the price.     Maybe this is just normal activity, we could also consider the stock market has so much cycle and movement occuring that speculators are preoccupied with main markets and distraction from that leaves BTC with just the old faithful, miners and a small amount of buying from unit trusts perhaps. 
  Whats likely forthcoming is SP500 index in stocks pull back, this will create some sentiment in Bitcoin also and so more probable movement.   At present that situation is stall speed not falling yet, top of the arc after the main move from March.

[GreatArkansas]

Here my current chart for Bitcoin.
I am expecting happen what it did last few months, the triangle breakout.
It is a bullish continuation pattern. For me, this will take time and expect for more neutral price action of Bitcoin.
Breaking on this another triangle would be a huge effect on bitcoin for me, let's be patient.

[maydna]

Here my current chart for Bitcoin.
I am expecting happen what it did last few months, the triangle breakout.
It is a bullish continuation pattern. For me, this will take time and expect for more neutral price action of Bitcoin.
Breaking on this another triangle would be a huge effect on bitcoin for me, let's be patient.

From your image, it might happen in the next month or 2 months later. If the price still on the sideways like we see today, it will need more time to see for bitcoin to break the higher rate. We can also see another downtrend this month or next month because the sideways have two chances: to go down or up, and I guess that the price may be down for once again before the price increases. But I hope that the price is down, and only increase and break $10k. If that happens, we might see a bullish market in the next 2 months later.