Bitcoin Stable At $11K – Altcoins In Green: The Calm Before The Strorm?

[kotajikikox]

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before  .

 not a typical move for btc on the past but these days yeah it is . weak hands are also hodlers but they arent only long term hodlers , are they a threat ? you arent lucky that your still holding but you only changed your mindset because you said you have your mistake before  .

it's all about how you anticipate.

If you are knowledgeable with the current situations, taking advantage of picking the profits in every movements are good.

Every actions inside this market have correlative benefits for every traders who understand the whole point of trading, everything will
depends from how you value your position and how you will gain from each trades that you' made.

[arwin100]

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before  .

 not a typical move for btc on the past but these days yeah it is . weak hands are also hodlers but they arent only long term hodlers , are they a threat ? you arent lucky that your still holding but you only changed your mindset because you said you have your mistake before  .

it's all about how you anticipate.

If you are knowledgeable with the current situations, taking advantage of picking the profits in every movements are good.

Every actions inside this market have correlative benefits for every traders who understand the whole point of trading, everything will
depends from how you value your position and how you will gain from each trades that you' made.

Yeah that's why people need to learn this since if they think about long term only provably they will hit hard on the floor waiting for big pumps compare if we take an action in this small movements we can earn some good profits in correct actions and decisions, but as well we need to be knowledgeable first before we can see some good spot and have a good timing to buy and dump in some certain situations in the market.

[DonQuijote]

I will remain bullish as long as macroeconomic data is bad. Pullback? Maybe, but im optimist

[snipie]

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before  .

It is more complicated. Quick drop and quick recover is a sign of high volatility, trading thing more than adoption and having new people joining the wave. Adoption will make the price sustainable and BTC more useful. Trading is good but it has risks, with maybe a crash to less than 5 digits in a matter of hours, which no one would see right now!

[DeathAngel]

11609, maybe we see a push towards 12000 this week, it’d be bullish AF if we can close the week in the 12000’s. I think we’re in a baby bull market, we’re not ready for a parabolic rise right now but we’re certainly moving in the right direction.

[Harlot]

One thing that worries me about this pump is the only time that the volume is big is only July 26 but after that even if the price was increasing you will see that the volume is decreasing considerably thus making this a bearish market until now and what we are seeing is a bull trap. Let's just be careful because this is one of the indicator that shows a fake breakout. Let's just observe if this will continue as we don't already know that this is a weak bullish pattern without volume.

[slaman29]

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before  .

It is more complicated. Quick drop and quick recover is a sign of high volatility, trading thing more than adoption and having new people joining the wave. Adoption will make the price sustainable and BTC more useful. Trading is good but it has risks, with maybe a crash to less than 5 digits in a matter of hours, which no one would see right now!

I prefer very quick and deep drops too, buying opportunity, and then when we do recover the highs are much higher and last much longer. I hate waiting for the drop and weeks of new highs cause that usually means very painful times when it finally does crash, as it always must after getting a new peak.

[Sanugarid]

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

Traders who managed to work with sorting really get something good out from that market movements.

Yeah they really did, I also get my bitcoin pulled today coz I really feel that we are getting a huge dump in the next week. Those trader who make short trades with this market at the exact moment has some good fruits to eat, market displayed such a good movement and improvement for a long time that it is stuck in $9k range. This might just go the same as it was in $7k or $8k, it was stuck but then it was able to move at $10k, drop and stays to $9k and now it is at $11k, I'm really feeling good about this and seeing pattern from the past.

Money was been played and weak hands are now regretting their loses, the short downfall is now being supported back
and regaining the momentum.

Downfall is necessary, we can't really have the movement to skyrocket with today's speculation unlike what we saw in 2017, that was a sudden skyrocket and no one expected that, now that every one is speculating it is hard to do that again. Plus we got a lot of weak hands these days, they are too afraid not to make money. pshhh. 

You'll be enjoying this especially if you are good in day trading set up.

Day and leverage traders, get ready 

[sana54210]

Things are picking up once again, I am sure if this continues for a long time the price of everything will go up again. It is already reaching closer to $12k again for bitcoin and the price of ethereum is around 400 dollars as well.

All the other altcoins are doing very well as well except few. At the end of the day the price of crypto is doing great and that is why we could call that $11k stabilization a bit more like a calm before the storm because afterwards it looks like everything is doing a lot more and that is why I feel like it is awesome right now and doing even better than I expected and I would assume it would do better in the future as well if you ask me. I am definitely holding for now, I am not going to sell any time soon, specially not ethereum considering it will do 2.0 soon as well.

[TravelMug]

Things are picking up once again, I am sure if this continues for a long time the price of everything will go up again. It is already reaching closer to $12k again for bitcoin and the price of ethereum is around 400 dollars as well.

$12k seems to be a big barrier to overcome as of now, Ethereum though goes above $400 momentarily but it's just $5 dollars away so maybe it can breach it anytime today. But for Bitcoin, we need more time, probably in the next 24-48 hours if the bullish sentiments continues.

All the other altcoins are doing very well as well except few. At the end of the day the price of crypto is doing great and that is why we could call that $11k stabilization a bit more like a calm before the storm because afterwards it looks like everything is doing a lot more and that is why I feel like it is awesome right now and doing even better than I expected and I would assume it would do better in the future as well if you ask me. I am definitely holding for now, I am not going to sell any time soon, specially not ethereum considering it will do 2.0 soon as well.

I think we can say that we are in a good position, despite the pandemic still around us. Maybe if not for the scare and the spread of the virus, maybe we can see the price on the $15'ish something. But as I have said, we are in a good position for the price to grow even more as we approach the last quarter of 2020. And it seems that bitcoin is becoming the number asset followed by Gold to be a hedge in this pandemic.

[Ridwan Fauzi]

I will remain bullish as long as macroeconomic data is bad. Pullback? Maybe, but im optimist

Bitcoin's price is trying to touch $12.000 barrier again, it has been three days I saw the movement price is increasing. This is same with gold price movement, when many countries suffered a bad economic gold and bitcoin are trying to reach all time high price. And seem like it will countinue although the economic system is good because  the people will be aware and take some learning with this situation that investment is really needed.

[maydna]

Things are picking up once again, I am sure if this continues for a long time the price of everything will go up again. It is already reaching closer to $12k again for bitcoin and the price of ethereum is around 400 dollars as well.

$12k seems to be a big barrier to overcome as of now, Ethereum though goes above $400 momentarily but it's just $5 dollars away so maybe it can breach it anytime today. But for Bitcoin, we need more time, probably in the next 24-48 hours if the bullish sentiments continues.

I am sure that the big barrier price will be broken in the next days or even today. While bitcoin price now seems to stable at $11,7xx level, I think we need to calm down first to see what will happen with bitcoin price. Ethereum almost breaks $400 again, so it might happen this day or tomorrow, so if your target price is at $400, you can prepare for the coming, and don't forget to place your order sell before the price can touch that the price you want. That will work for bitcoin price too, so you don't miss the time to sell at your target price. But we don't know what will happen the next week, so we can make another plan to be ready for the upcoming weeks.

[leea-1334]

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before  .

 not a typical move for btc on the past but these days yeah it is . weak hands are also hodlers but they arent only long term hodlers , are they a threat ? you arent lucky that your still holding but you only changed your mindset because you said you have your mistake before  .

I am with you here,,, I always prefer the deep drops like what happened in March. Yes, it causes people to panic and drop it even more but this ensures all the speculators sell and the price becomes extremely low that it has to rebound and recover.

Better than slowly going up without a break and then eventually falling when everyone takes profit!

[$crypto$]

I will remain bullish as long as macroeconomic data is bad. Pullback? Maybe, but im optimist

Bitcoin's price is trying to touch $12.000 barrier again, it has been three days I saw the movement price is increasing. This is same with gold price movement, when many countries suffered a bad economic gold and bitcoin are trying to reach all time high price. And seem like it will countinue although the economic system is good because  the people will be aware and take some learning with this situation that investment is really needed.

Bitcoin will experience a holding phase in the next few days because the current situation may be partially breakout, so after going through this the situation will re-emerge with an increase above $12k with gold continuing to increase because the economy continues to stick up so that the volatility will be quite high because people invest which is currently happening, maybe bitcoin will become a new reference and will be trusted by the public with the continuing increase in this price.

[thecodebear]

Bitcoin stable in 11,000s seems bullish. I would think this upcoming week we'll see it move up to $12000s and maybe even over 13k before correcting again back to ~12,000.

[bangkecol]

Yes I very agree this market of cryptocurrency is on fire now. Looks at the btc price ... it is moving up slowly.
Then , The altcoins will follow it. My bag of altcoins has now started grow.

[BrewMaster]

Then , The altcoins will follow it. My bag of altcoins has now started grow.

unfortunately when you look at the value of your bag of altcoins in terms of bitcoin most of the times you will see that the total value of it has decreased dramatically because they always dump against bitcoin. and the more altcoins you bag hold the bigger that drop is going to be.
but when you look at it in USD then it looks like it has grown, but why hold altcoins if you want USD profit in first place when the biggest rise is done by bitcoin?

[Oilacris]

Then , The altcoins will follow it. My bag of altcoins has now started grow.

unfortunately when you look at the value of your bag of altcoins in terms of bitcoin most of the times you will see that the total value of it has decreased dramatically because they always dump against bitcoin. and the more altcoins you bag hold the bigger that drop is going to be.
but when you look at it in USD then it looks like it has grown, but why hold altcoins if you want USD profit in first place when the biggest rise is done by bitcoin?

Common perception of most people or investors here on this  market on where they do look always in USD profit and when the time they do saw that their portfolio risen up in usd value then they 
dont tend to look at btc value which is indeed dumping.They'll surely able to feel it when they do sell it off.

Its pretty common that alts goes green when bitcoin market do rise and for people who do bag hold alts then will really have that chance on earning in terms usd profit and this had
been always what people do believe on.

About calm before the storm then theres nothing certain when it comes to that matter.

[peterpanda]

At this time bitcoin is on stable stage but within some days it will be rising. Hopefully we will be able to see bitcoin on good price very short possible of time as well as altcoin.

[Emitdama]

Does everyone consider the fact that bitcoin went up around the same time as gold? I mean that looks like supports the idea that bitcoin is a store of value thing just like gold.

All economic indicators shows that the world is living in a terrible horrible situation and that means that people are losing their livelihood and money is losing value since every nation prints a ton of money and at the end the biggest one which is USA has printed trillions of dollars all of which caused money to lose value and that is why gold has gone up and also bitcoin has gone up just like gold as well.

I see this as a total win for us bitcoin people, we can once again prove that bitcoin doesn't lose value when there is an economical crisis, they instead make a profit during these bad times, which is awesome for investors.