Bitcoin will be dumping soon - What do you say regarding the chart?

[DashingAgent]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

[Lucius]

I can't comment on charts because I'm not an expert in TA, but at times like this it's realistic to expect a correction to happen. However, on the other hand, the players in the game have changed, so regardless of what the whales do, some much larger players accumulate fairly large amounts of BTC and keep the price fairly stable. Given the news about the Covid-19 vaccine, the markets have reacted quite well, and when that security spills over to small investors, they may also join the BTC train.

Although you never know with BTC, I personally believe that the upward trend will continue because Black Friday is approaching, and I always treat myself to a nice gift

[Fesatmas]

for the next few weeks I think there will be a correction, to make room for investors to take positions as quickly as possible. It's based on my point of view, whether it's true or not. because this is only a prediction of which bitcoin will have centralized power if it continues to surge. The high pump will always have a period of correction for a while, even though it won't be significantly below $ 10,000. Unlike other cryptos, it is difficult to predict when the price will be high, when the price drops dramatically. This is because many investors focus on one point, namely the movement of bitcoin which at times will surprise them. As a result, altcoins will only experience less of an increasing impact than bitcoin.

[hugeblack]

The chances of betting on a collapse are much better than betting that the price will increase because we moved from 10,000 to 15,000 in a short period of time, so there must be a correction that brings the price back to 13,000 levels again, but when does this happen? The question is?
Generally, in the long term, the price will rise, so these temporary crashes do not mean much, it is difficult to see the price below $ 10,000 again.

[jossiel]

What previous level? $4900 on March?

Yes. Every price is of possibility that we're about to see. Just always be open minded that any price that we're going to see depends on the volatility of bitcoin.

In that case, we can see more dumping or continuous pump.

[carlfebz2]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

When it comes to price correction then theres always a tendency since we know on how unpredictable this market is.We can make out charts and anything but it isnt a precise way on telling on whats gonna happen ahead.

We are indeed flying on the resistance zone but doesnt mean that we cant break it out.There's only two possible ways that price can head on which neither it would shoot up or would crash.

If we do see the price is on the rooftop then its better to sell and if it crash then better to accumulate - just like that and always anticipate that there would always a possible dump because we cant just
see a market that do have that continous rise.There would be always a sell-off and that should be put up in mind.

[CyberKuro]

The chances of betting on a collapse are much better than betting that the price will increase because we moved from 10,000 to 15,000 in a short period of time, so there must be a correction that brings the price back to 13,000 levels again, but when does this happen? The question is?
Generally, in the long term, the price will rise, so these temporary crashes do not mean much, it is difficult to see the price below $ 10,000 again.

Anything is possible obviously, bitcoin in a sideways pattern right now but doubt it will drop to $13K anytime soon, probably a retrace to $14,400 like the last time.
it took years to break $14K resistance, so it will most likely act as strong support level.
Bitcoin in a positive trend on the market and it's not over yet, holding the support level at $15K due to great correlation between the equity markets and bitcoin create upward pressure to have a much better probability of returning the rally within the next few days.

[Harlot]

With a lot of people I think having a green portfolio right now at 15,000$+ people will be enticed to sell their Bitcoin and it will probably happen especially when you think about whales taking advantage of a big price movement as well as the potential of them shorting it because it will be inevitable to happen. Remember that the market will always be volatile and with the volume still not increasing even though the price is increasing I think what will happen now is we will have a big price drop happening for a correction.

[farrellronald]

from my point of view, charts are true but the thing is data depends on tons of things. for example if the US president talk about it, it is so likely to fall. the charts however are mostly true and show the real things without letting emotion get in the way.
more important than the rise and fall is that nobody should hurry up in buying and selling. everything should be thought and then done, so there will be no regret.

[8m_zk]

Agree with the chart, from TA analysis we may see some corrective pullback to areas 15k and 14800 to test support areas. Besides charts I also wacth the stock markets, SP500 and gold. Gold price crashed yesterday but bitcoin looks fine so far.

[exstasie]

Agree with the chart, from TA analysis we may see some corrective pullback to areas 15k and 14800 to test support areas.

I wouldn't call a $400-600 drop a "dump" at all. For Bitcoin, that's actually a pretty tight range.

I'm seeing some 4-hour bearish divergence on OBV, and that intraday lower high on the 9th suggests bears aren't rolling over yet. Until the uptrend continues with new highs, I'd be prepared for a dip. A dip to the 20-week MA in the mid-$11,000s or testing the $12.5K pivot as new support are both plausible scenarios. Masterluc's latest idea fits with that range: https://www.tradingview.com/chart/BTCUSD/zg0MPXUC-Triying-yet-another-trend/

[GreatArkansas]

It's difficult in your chart, it is 15minutes, but based on your chart I can see, Bitcoin is in the consolidation part which It's difficult we will be on dumping. If we look at the higher timeframe, for me Bitcoin is creating a bullish continuation pattern, which is a triangle, that's why for me, maybe for weeks, we can remain neutral.
If you look at this chart, Bitcoin is more likely to create a triangle, with around $15,000 is a minor support.

[DarkDays]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

I think, a price correction on BTC is inevitable. The plots you showed aren't shocking, only relative small fluctuations but nothing is really standing out.

The fact that the price might drop from its current 15K is expected.

We need to see small volatility and even larger ones for price correction in order for it to reach this year's ATH.

[Peanutswar]

Right now the market chart of the bitcoin is going into an uptrend movement I think it will not dump on this month or even the next month because right now I didn't see any kind of changes for now, still don't trust the market movement of the bitcoin it's volatile its just my opinion only it

This is a snip chart within 3 days and according to my technical indicators MACD, and MAC still on the bullish market.


This is a 1-week chart of the bitcoin there is no something bend according to the lines also the MAC has a gap between the candles no more dump right now.

[Lanatsa]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

In Bitcoin way is sinusoidal direction so we saw both up and down in the market. But majority of the peoples are said to grow gradually in upcoming days. We are ready to buy continuously it will going to moon, at the same time we must hold long term and concentrate the other altcoins.

This is what im doing where I do always have the considerations when it  comes to diversifying investment where it is really divided for shorter ones and for long term ones.

and this is where altcoins would be on the works but some people are really afraid on touching up the waters but well I cant blame them because of the risk of those shitty projects.

Bitcoin price decrease is just not a new thing it can either rise or decrease because that's how do market works or moves.When it comes to charts then there are lots of them but
we know that technicals aren't precise from time to time.

[el kaka22]

It certainly got stuck at this level while it didn't want to and that could have a big consequence that could lead the price going down, but we can't guarantee that bitcoin will be down just because we imagine it will be, there is a big chance that this break out could be higher as well, not that many people assume bitcoin will stay this level for a long time, we all agree that either it will crash to $13k or so levels or it will go over $17k to get a bit more hype, nobody says "I think it will stay at $15k for 6 months" because that would be unlikely.

However, from this chart or any other chart, we can't assume bitcoin will go down, we can only safely assume that it will make a big move but the direction of that move will be depending on which side we will break first.

[Bergluft]

I am not an expert. But shouldn't we not also look at the ETH&BTC pairs to evaluate whether BTC is going to increase or fall? The last two days ETH seems to stabilize relative to BTC, with even a slight upwards trend.

Maybe some whales are shifting their funds as Ethereum is still a bit farther away from its ATH? What do you think?

[Zanab247]

Yes, bitcoin will dump soon according to research, which is making many trader release their coins to market to make a good profit before it dump. it will dump before the end of this month because we are about to experience it dump for this 2020. Many trader are still wondering if bitcoin will continue to rise till 2021 for them to trade more in the market.

[bitbunnny]

I don't know if Bitcoin price will dump but I believe the corrections are possible. Due to Bitcoin volatility it's hard to expect that the price will just go straight up all the time.
Also past experiences and charts are telling us that price corrections are very likely the question is only in what range and for how long.

[Kelvinid]

There is no such assurance in this volatile market and for sure, dumps can be possible all the time regardless of how we got the surge these days. Way back in 2017, the correction has shown after the bullish season, surprisingly. And this can't be ignored because that is what we know since before, you'll be expecting ATH, but also you'll never just ignore bearish sean to come.

I suggest that we never be confident that the market runs smoothly until the end of this year. We are still facing the economic challenge yet and there are a lot of factors that may affect the trend. But looking forward we able to keep the momentum for a short while and I can sell my bitcoin.