Bounce Back is coming?

[Quidat]

Yeah if you are holding for long term, it’s better not to look at it much cause it can hurt specially you're week fellow! Don't be the person who buys high and sells low. So just hold whatever you bought it will bounce back.

OP is not making an analysis for long term, it's for short term.

Actually if we invest for long term, we should not be looking on this kind of analysis from time to time because the main reason why we invested bitcoin for long term is because we believe on its potential. What we only set is the target price to sell and take profit, but OP's analysis is different, it's for short term which state the market situation now and it's possible short term movement.

Bounce back is always done by bitcoin, in fact this year we bounce back from the huge dump and we currently achieve the high this year, not the ATH yet.

There's nothing wrong with that because each person neither can freely choose if he would keep his coins for future years to come or do make some active trades or going for short term.
Not all people would really have that kind of long patience on waiting for the price to increase yet profitability will really be just different compared when you do make active trades
but somehow the risk is more higher compared when you do just simply holding up.In talks of mention of bounce backs then its always been part of the market where price can be rejected
on a certain resistance or would able to break it out. Corrections are just main part and this signifies a healthy market.

[ultrloa]

Yeah if you are holding for long term, it’s better not to look at it much cause it can hurt specially you're week fellow! Don't be the person who buys high and sells low. So just hold whatever you bought it will bounce back.

OP is not making an analysis for long term, it's for short term.

Actually if we invest for long term, we should not be looking on this kind of analysis from time to time because the main reason why we invested bitcoin for long term is because we believe on its potential. What we only set is the target price to sell and take profit, but OP's analysis is different, it's for short term which state the market situation now and it's possible short term movement.

Bounce back is always done by bitcoin, in fact this year we bounce back from the huge dump and we currently achieve the high this year, not the ATH yet.

There's nothing wrong with that because each person neither can freely choose if he would keep his coins for future years to come or do make some active trades or going for short term.
Not all people would really have that kind of long patience on waiting for the price to increase yet profitability will really be just different compared when you do make active trades
but somehow the risk is more higher compared when you do just simply holding up.In talks of mention of bounce backs then its always been part of the market where price can be rejected
on a certain resistance or would able to break it out. Corrections are just main part and this signifies a healthy market.

We know there are some people that cannot take risk due to some reasons and the only people can do long is those person who have huge money for trades so for this I think majority will spend their time to trade short everyday since if you compare the risk of both options the short trades give lesser for person who have limited funds.

[Fundamentals Of]

$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.

$11,500 is a strong support. As strong as that is the resistance at $12,000. So I am also looking at Bitcoin's short term movements within this range for the next hours and days. I know we have gone past the resistance at $12,000 at least three times but we are always short of leaving that mark for good. We keep on coming back to the $11,500 - $11,999 range. We will see in the next days which direction will Bitcoin move strongly.

[electronicash]

Yeah if you are holding for long term, it’s better not to look at it much cause it can hurt specially you're week fellow! Don't be the person who buys high and sells low. So just hold whatever you bought it will bounce back.

OP is not making an analysis for long term, it's for short term.

Actually if we invest for long term, we should not be looking on this kind of analysis from time to time because the main reason why we invested bitcoin for long term is because we believe on its potential. What we only set is the target price to sell and take profit, but OP's analysis is different, it's for short term which state the market situation now and it's possible short term movement.

Bounce back is always done by bitcoin, in fact this year we bounce back from the huge dump and we currently achieve the high this year, not the ATH yet.

actually OP had been charged for copying lots of his analysis. he's caught stealing all the images he posted here in the forum, check this thread in meta.

$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.

$11,500 is a strong support. As strong as that is the resistance at $12,000. So I am also looking at Bitcoin's short term movements within this range for the next hours and days. I know we have gone past the resistance at $12,000 at least three times but we are always short of leaving that mark for good. We keep on coming back to the $11,500 - $11,999 range. We will see in the next days which direction will Bitcoin move strongly.

how long do you think we'd stay in this price range, 2 weeks to a month? it looks like its going to keep testing the resistance over and over even when btc breakout that 12k last week.

[beerlover]

I believe these falls and ups are just temporary for now but the thing is we are talking about short term anyway. Right now, we are dropping to $11.6k price which already happened but it didn't went down any lower, that has to be considered for something, I believe that type of fall is not really that big of a deal because it constantly happens and it really doesn't mean anything anymore when we are talking about something small.

The small changes are stuff that happens daily and honestly speaking those small changes should not really make our trading decisions based on these daily changes, we should be doing them depending on a longer period of time so even if short term is the topic, even our short term should be effected by our long term consideration.

[btc_angela]

The small changes are stuff that happens daily and honestly speaking those small changes should not really make our trading decisions based on these daily changes, we should be doing them depending on a longer period of time so even if short term is the topic, even our short term should be effected by our long term consideration.

But there are traders who even at a bull run do short trading and this wild changes and swings are more favourable to them unless they realised that it is better to hold long term though. But that makes this whole crypto trading game more exciting for those short term traders. Right now it seems that the price is just fluctuating in the lower $11500 to $11,700, a small difference but for short term traders will take that advantage with them.

[Arkann]

The small changes are stuff that happens daily and honestly speaking those small changes should not really make our trading decisions based on these daily changes, we should be doing them depending on a longer period of time so even if short term is the topic, even our short term should be effected by our long term consideration.

But there are traders who even at a bull run do short trading and this wild changes and swings are more favourable to them unless they realised that it is better to hold long term though. But that makes this whole crypto trading game more exciting for those short term traders. Right now it seems that the price is just fluctuating in the lower $11500 to $11,700, a small difference but for short term traders will take that advantage with them.

I believe that we are not yet in the bull run and therefore cryptocurrency traders have minimal risks. But if the rally does start, which even using short positions, trading will be very risky. In this situation, the trader risks being late for the train at the wrong moment.

[Fundamentals Of]

$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.

$11,500 is a strong support. As strong as that is the resistance at $12,000. So I am also looking at Bitcoin's short term movements within this range for the next hours and days. I know we have gone past the resistance at $12,000 at least three times but we are always short of leaving that mark for good. We keep on coming back to the $11,500 - $11,999 range. We will see in the next days which direction will Bitcoin move strongly.

how long do you think we'd stay in this price range, 2 weeks to a month? it looks like its going to keep testing the resistance over and over even when btc breakout that 12k last week.

Well, I cannot say for certain, but it is possible to happen for like 2 weeks. If Bitcoin's price cannot successfully break out from the $12,000 resistance after a few more attempts, it could happen that the price will even fall below $11,500.

It looks like there will be more attempts to happen in the next days. In fact, as of this moment it is probably going to try to break that resistance once more. We are again on the road to $12,000.

[tbterryboy]

Look if a trader wants to make some sort of quick movements, they are free to do that, if you want to make a thousand small trades per day all day every day you are free to do that.

If your aim is to make 1 dollar profit from each trade and make it under 5 minutes and have like 100 of them per day so that you could make 100 bucks in a very quick fashion, or if you want to just invest into bitcoin and wait until you make total money combined instead of quick trades, both of them works and both of them fails time to time, there is really no reason why there should be some sort of difference on what people should be doing or not, none of them are right or wrong, it is just moment that makes one of them work and the other doesn't, sometimes both work and sometimes both fail.

[Reatim]

Previously breakout of the 12k$ Horizontal Support will at least lead to the retest of the Lower Boundary of an Ascending Channel, which happened. Locally it should be a bottom as we got the majority of Longs got liquidated during the last 2 days (look chart above).

Technically it's a also a good point to retest, we are at the Support Cluster [11.650$ Horizontal Support + Lower Boundary of an Ascending Channel]. Nevertheless we have two work with a confirmed retracement.

Back to 11,700$ now according to CMC here https://coinmarketcap.com/

so that means we are waiting for the Bounce since correction has already made(to my expectation) and with this our waiting is soon to be fulfilled ?


How much are we expecting this bounce mate?i can see that you have a good look in future prices.

As price is not stable for crypto currency like bitcoin. It can be up or down any time. But yes we can predict and conscious about it to protect our money from loses.

What we are talking now is a the next movement of Bitcoin since from $12,300 fell down to $11,400 but now slowly climbing to nearing $12k again.

[smyslov]

Look if a trader wants to make some sort of quick movements, they are free to do that, if you want to make a thousand small trades per day all day every day you are free to do that.

If you are going to make a trade with that number you must not develop attachment to any coins just go where you can make a profit, if you are a Hodlers it's hard to mix it to your day trading activity, that is why admire traders who can day trade with good profit, they do not have attachment because this is one of the best way to make a profit.

[STT]

Going by OP chart we should be seeing 11600 as a rough bottom price.    I do see weakness but only a short term momentum measure so needs conclusive evidence, either way more something to watch



Dollar has come back from prior weakness just recently and that would be another indicator of where we might move with more confidence otherwise we've been going sideways and set to continue.

[reliable]

Waiting for the [price to break this now at 12k levels. It’s being some time now where we are seeing this to be a range bound and hovering around 11500$ . Though if it can shoot form 12000$ then we can see some new highs for this year and this will be the best thing for now as anything closing above 12k for this year will be really good and also means it can stay above 10k for much longer in the history.

[Finestream]

Yeah if you are holding for long term, it’s better not to look at it much cause it can hurt specially you're week fellow! Don't be the person who buys high and sells low. So just hold whatever you bought it will bounce back.

OP is not making an analysis for long term, it's for short term.

Actually if we invest for long term, we should not be looking on this kind of analysis from time to time because the main reason why we invested bitcoin for long term is because we believe on its potential. What we only set is the target price to sell and take profit, but OP's analysis is different, it's for short term which state the market situation now and it's possible short term movement.

Bounce back is always done by bitcoin, in fact this year we bounce back from the huge dump and we currently achieve the high this year, not the ATH yet.

actually OP had been charged for copying lots of his analysis. he's caught stealing all the images he posted here in the forum, check this thread in meta.

Thanks for the information, looks like OP could possibly be facing trouble as it looks like he was accuse of plagiarism, if proven by the mods this would mean perma ban of account. Anyway, the information that OP has consistently been sharing are very useful as I can see different thread he made, unfortunately, he was not giving credits to the real source.

[STT]

Its just broken an upper range negatively, it certainly can drop its just a question how can we go in a reset before it finds its legs again.     Sell off short term doesnt matter so much but if OP was right in his call of a channel and if we break that uptrend then the fallout is an inverse of that prior bullish pull upwards and we sell.   Its good to know where people think we are due a rise because the failure to do so has 'lots' of positions closing or even switching to a sell.   We had a higher range in play and its below that now, 4hr bars will confirm that.

[Pamadar]

Waiting for the [price to break this now at 12k levels. It’s being some time now where we are seeing this to be a range bound and hovering around 11500$ . Though if it can shoot form 12000$ then we can see some new highs for this year and this will be the best thing for now as anything closing above 12k for this year will be really good and also means it can stay above 10k for much longer in the history.

Hopefully we will be able to see that, there's still a lots of time before this year ends, there are lots of sways to expect and with how things are moving right now, we are seeing some slight continuous fall hopefully newcomers will not buy this actions.
They will surely lose their money  if they act without thinking and analyzing this situations.

[justdimin]

Unfortunately things are not looking great for now, I am sure it will look better in the future, right now price is about $11.5k and that doesn't seem to be moving up or down, it got stuck there for few days. However at one point there is really need to be a change, we can't have bitcoin at $11.5k forever right? So, that means there will be a moment when bitcoin moves and it looks like up is a great possibility right now, that is why bounce back will definitely come.

Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.

[electronicash]

$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.

$11,500 is a strong support. As strong as that is the resistance at $12,000. So I am also looking at Bitcoin's short term movements within this range for the next hours and days. I know we have gone past the resistance at $12,000 at least three times but we are always short of leaving that mark for good. We keep on coming back to the $11,500 - $11,999 range. We will see in the next days which direction will Bitcoin move strongly.

how long do you think we'd stay in this price range, 2 weeks to a month? it looks like its going to keep testing the resistance over and over even when btc breakout that 12k last week.

Well, I cannot say for certain, but it is possible to happen for like 2 weeks. If Bitcoin's price cannot successfully break out from the $12,000 resistance after a few more attempts, it could happen that the price will even fall below $11,500.

It looks like there will be more attempts to happen in the next days. In fact, as of this moment it is probably going to try to break that resistance once more. We are again on the road to $12,000.

so it did. it successfully break the 12K resistance but still not enough to stay at such range. in the daily chart i believe it tried 3 times already to break the 12k wall. i hope it wil not continue to dive down to $10500 this time because of these failed attempts.

the bounce back failed and now we're left to get out of our trading position. if it was just in the futures, i'd probably lost all my funds already. its a good thing that OP is caught just copying his analysis, now we see both him and the one who he copied are just not worth following. 

[arwin100]

$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.

$11,500 is a strong support. As strong as that is the resistance at $12,000. So I am also looking at Bitcoin's short term movements within this range for the next hours and days. I know we have gone past the resistance at $12,000 at least three times but we are always short of leaving that mark for good. We keep on coming back to the $11,500 - $11,999 range. We will see in the next days which direction will Bitcoin move strongly.

how long do you think we'd stay in this price range, 2 weeks to a month? it looks like its going to keep testing the resistance over and over even when btc breakout that 12k last week.

Well, I cannot say for certain, but it is possible to happen for like 2 weeks. If Bitcoin's price cannot successfully break out from the $12,000 resistance after a few more attempts, it could happen that the price will even fall below $11,500.

It looks like there will be more attempts to happen in the next days. In fact, as of this moment it is probably going to try to break that resistance once more. We are again on the road to $12,000.

so it did. it successfully break the 12K resistance but still not enough to stay at such range. in the daily chart i believe it tried 3 times already to break the 12k wall. i hope it wil not continue to dive down to $10500 this time because of these failed attempts.

the bounce back failed and now we're left to get out of our trading position. if it was just in the futures, i'd probably lost all my funds already. its a good thing that OP is caught just copying his analysis, now we see both him and the one who he copied are just not worth following. 

We don't know yet on how long we can stay stable at $11k+ but what good thing here when I open some several topics in this forum people still positive for price bounce back after the $12k price reached and dumped. Maybe we are not done yet by now since I'm positive that green days will continue until the end quarter of this year.

[goaldigger]

Unfortunately things are not looking great for now, I am sure it will look better in the future, right now price is about $11.5k and that doesn't seem to be moving up or down, it got stuck there for few days. However at one point there is really need to be a change, we can't have bitcoin at $11.5k forever right? So, that means there will be a moment when bitcoin moves and it looks like up is a great possibility right now, that is why bounce back will definitely come.

Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.

The price is quiet weak again and there’s no big pump in the past week so I think there will be a correction just lile the prediction of many on social media that we might see another $10k level price or even go below that. We have to see bitcoin on its good and bad side, if there’s a down on its price then its a good opportunity to get more bitcoin. The price will continue to move up in long term, so nothing to worry about and just keep buying until you can.