tranthidung (OP)
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Farewell o_e_l_e_o
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November 16, 2020, 02:53:06 PM
Last edit: January 22, 2021, 03:59:10 PM by tranthidung |
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The time-series plots (charts) give you enough visual data for daily high price (in 2017, 2018, 2019, 2020) and daily volume. It has around 45 days till the end of 2020 and if history repeats itself, better things not yet to come. But be careful with your trading orders and extremely careful if you are trading with high leverages. You can keep your greediness and wait for higher price in rest days of this year but it is not a most wisely way to take profit. It is not my financial advice. 4 years: 2017 to 2020 In 2017 and 2020 |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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so98nn
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November 16, 2020, 03:15:29 PM |
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With the current stats it does look like bitcoin will trade sweet at 20K in the coming days. The 45 days window is perfect for it to achieve that much trading volume. With the holidays up-ahead many people do trade bitcoin for fun, for investments and part time stuff. This makes it more easier for bitcoin to go upwards and hold the ATH position. From your graph itself we can make a match the current path is perfect one to reach 19-20k USD rates.  |
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pawanjain
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November 16, 2020, 03:47:06 PM |
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Those are some nice visuals there in OP and I believe bitcoin is doing pretty good and increasing in price with good stability. If bitcoin continues the same rally then I guess by the end of the year the price of bitcoin should reach 19k. It might also cross $20k but I think it will drop back and settle in the lower $19k range by the end of 2020. Moreover, the stats and technicals indicate that the price will increase a lot more than $20k in mid of 2021. Lets hope for the best for bitcoin |
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carlfebz2
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November 16, 2020, 06:38:04 PM |
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We do always have those kind of doubts but there are traders or investors specially with dealing with leverage where they do took the risk even though its somewhat obvious that we are already near
on the peak.Its not that precisely described as peak price but we can presume since we're hitting the previous ATH.
To those visuals above given above then they do really look similar if we do talk about 2017 and 2020 but the main difference is on the volume itself which is totally different.
Going through intensity then we can say that we might be seeing the similar crash that did happen in the past.
Price is somewhat that having lots of strong support lines which would really avoid that price crash but well anything cant be guaranteed because neither
it can happen again or would able to hold up.
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MCDev
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November 16, 2020, 06:40:19 PM |
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Perhaps bitcoin's four-year cycle is real and we are seeing bitcoin's return in 2020. Hopefully by the end of 2020 we will once again see bitcoin return to $ 20,000.
However, the cryptocurrency market cannot accurately predict so be careful with your investments.
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Harlot
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November 16, 2020, 07:03:23 PM |
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With the current stats it does look like bitcoin will trade sweet at 20K in the coming days. The 45 days window is perfect for it to achieve that much trading volume. With the holidays up-ahead many people do trade bitcoin for fun, for investments and part time stuff. This makes it more easier for bitcoin to go upwards and hold the ATH position. From your graph itself we can make a match the current path is perfect one to reach 19-20k USD rates. Not so fast if you look at the price chart for the volume right now you will see that the volume formed a double top and it only means that there is a chance of reversal going down for the volume, technical analysis formation also applies to other indicators such as volume so don't be surprised if we see lest trade activity going on in the few days. With the price going up and the volume going down the price rally will just get weaker and weaker. |
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mnporter2001
Sr. Member
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HEX: Longer pays better
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November 16, 2020, 07:21:29 PM |
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With the current stats it does look like bitcoin will trade sweet at 20K in the coming days. The 45 days window is perfect for it to achieve that much trading volume. With the holidays up-ahead many people do trade bitcoin for fun, for investments and part time stuff. This makes it more easier for bitcoin to go upwards and hold the ATH position. From your graph itself we can make a match the current path is perfect one to reach 19-20k USD rates. We have the same view that bull run will come to Bitcoin price but I think Bitcoin's price will soon break Bitcoin's ATH threshold of 2017 in the coming days. At the $ 19k5 - $ 20k price zone there will certainly be a lot of people selling Bitcoin and making a correction, but I believe the bulls will be outnumbered and strong enough to break this top. Bitcoin's price in 2020 will be able to trade as high as $ 22k - $ 23k and then there will be a sell-off in Q1 of 2021. The reason I make this seemingly quite difficult to achieve is that the US dollar is under threat from the impending inflation. When Biden is officially elected, surely the economy will suffer heavy losses because Biden's policy is only aimed at serving the people, not completely focusing on the economy. Most likely we will face an economic slowdown in the coming years |
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batang_bitcoin
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November 16, 2020, 09:41:31 PM |
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The BTC high price chart indicates that there will be a higher price by the time comes ATH. Perhaps bitcoin's four-year cycle is real and we are seeing bitcoin's return in 2020. Hopefully by the end of 2020 we will once again see bitcoin return to $ 20,000.
However, the cryptocurrency market cannot accurately predict so be careful with your investments.
I also believe in the four-year cycle and there's in store for this end of the year but better days for 2021. News coming about institutions being bullish on bitcoin but that's alarming. S2F model comes out again and becoming interesting. |
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crzy
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November 16, 2020, 09:53:56 PM |
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The price is getting higher and now we are testing the resistance level on $17k so I think we are heading up and continue the up trend with Bitcoin so traders have to set good on your leverage or any strategy that you have so you wont lose the chance of making big. Traders have to be more skillful right now since the price are getting more volatile, but I’m sure bitcoin will go for more up.
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elisabetheva
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November 17, 2020, 05:31:54 AM |
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The price is getting higher and now we are testing the resistance level on $17k so I think we are heading up and continue the up trend with Bitcoin so traders have to set good on your leverage or any strategy that you have so you wont lose the chance of making big. Traders have to be more skillful right now since the price are getting more volatile, but I’m sure bitcoin will go for more up.
the belief that you have is the same as my belief, that this is the time for bitcoin to show its identity again after the increase that occurred in 2017. everyone must prepare themselves because this opportunity should not be missed because I believe it only happens once in 4 years. there is still time for those who don't have to exchange your alcoins for bitcoin or if you really want to get at least hold the altcoins that are in the top ranking, because it will also be affected by the movement of bitcoin. |
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leea-1334
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November 17, 2020, 12:14:20 PM |
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Definitely this is the time to be cautious. On one hand we are seeing new ATH for 2020 time and again. And the charts seem to show us that there is a lot more room to grow,,, but on the other hand we have not seen the much-needed corrections that should give us some safety space to think that we have made consolidations. Still far too early to call anything.
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tranthidung (OP)
Legendary
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Activity: 2268
Merit: 4012
Farewell o_e_l_e_o
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November 17, 2020, 12:45:52 PM |
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I warn you should be cautious if you are trading with high leverages due to 2 visual things from the chart: - Bitcoin blasts off and moves all the way up in short period
- After reaching its peak, it weaks all the way down in short period too
BUT the volume chart shows the rise in 2020 has not yet reached its biggest momentum (in volume). It is a thing to note and keep in mind. Anyway, it is not my financial advice and use the leverage you can control of liquidation risks and make your plan to take profits. Personally, I take profits in different batches. I don't take profits in one order or at one price or in one day. For you, it is your decisions. In financial games, when everyone is talking about one thing, you know what to do. |
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Inspiron14
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November 17, 2020, 02:16:56 PM |
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how about now? $ 17k reached now and trying to breakout,
I'm really waiting for this moment, because if it goes past $ 17000 then I'm sure $ 19000 will be reached !,
it's true that we should be careful, because bubbles can happen.
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tranthidung (OP)
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Merit: 4012
Farewell o_e_l_e_o
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November 17, 2020, 03:11:32 PM |
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Bitcoin is on fire. The momentum has not reached its peak yet but it does not mean the peak of momentum will be reached soon. On the other side, more movements of bitcoin out of exchanges and became biggest wave since 2017. People wanted to hold bitcoin for the full bull mode. We are not yet in full bull mode, it is just a warming up. It is another data that I don't bring it to you here but the mempool shows interesting thing (somewhat reflects that hold trend). Despite of bitcoin rises in last 2 weeks, less and less unconfirmed transactions in the mempool. People are not in hurry like 3 to 4 weeks ago.
Be careful if you are margin enthusiast and if you use high leverages. Massive weak down might happen anytime and it will kill you with high leverages. |
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tranthidung (OP)
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Activity: 2268
Merit: 4012
Farewell o_e_l_e_o
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November 18, 2020, 06:02:18 AM |
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It happened and I think it is a beginning. It is the time to protect profits you have gotten and show your wise decisions. Don't let candles steal all your profits (and worse your initial capital) away within a few minutes. |
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Gotumoot
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November 18, 2020, 09:12:22 AM |
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Perhaps bitcoin's four-year cycle is real and we are seeing bitcoin's return in 2020. Hopefully by the end of 2020 we will once again see bitcoin return to $ 20,000.
However, the cryptocurrency market cannot accurately predict so be careful with your investments.
I hope that it isn't the exact same cycle as before like going $20K then going back into $3.8K . But I think that this time around it wouldn't fall that hard and if it does people wouldn't think twice anymore on investing in it. So it wouldn't stay so low like it does back then. |
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usekevin
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November 18, 2020, 09:50:17 AM |
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The time-series plots (charts) give you enough visual data for daily high price (in 2017, 2018, 2019, 2020) and daily volume. It has around 45 days till the end of 2020 and if history repeats itself, better things not yet to come. But be careful with your trading orders and extremely careful if you are trading with high leverages. You can keep your greediness and wait for higher price in rest days of this year but it is not a most wisely way to take profit. It is not my financial advice. 4 years: 2017 to 2020 In 2017 and 2020 Actually when the price had reaches maximum,we should not buy cryptocurrency in common.Even it's bitcoin or Ethereum.Because the way of buying at high make you to lose some money also.Today price had reached above 18200$ and back to the value of 17900$.Nearly 300$ is not a small amount.Buying at high value,make you to lose sometime. |
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JasperHodges
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November 18, 2020, 01:20:14 PM |
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High and low are subjective arguments, how do we define it? Compare to historical prices with US$ it maybe high but compare to future prices it maybe low. What if tomorrow there is no US$ or any fiat currency(banned, abolished, dissapeared). I believe BTC will have be much higher. The time-series plots (charts) give you enough visual data for daily high price (in 2017, 2018, 2019, 2020) and daily volume. It has around 45 days till the end of 2020 and if history repeats itself, better things not yet to come. But be careful with your trading orders and extremely careful if you are trading with high leverages. You can keep your greediness and wait for higher price in rest days of this year but it is not a most wisely way to take profit. It is not my financial advice. 4 years: 2017 to 2020 In 2017 and 2020 Actually when the price had reaches maximum,we should not buy cryptocurrency in common.Even it's bitcoin or Ethereum.Because the way of buying at high make you to lose some money also.Today price had reached above 18200$ and back to the value of 17900$.Nearly 300$ is not a small amount.Buying at high value,make you to lose sometime. |
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CyberKuro
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November 18, 2020, 01:35:53 PM |
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$18,5k probably the highest price for now, it should be decided today whether bitcoin will face a big rejection today or hold it's position above $17,8k. If Bitcoin would close above 18k today, then we can expect it to reach $19k in the next few days. Bitcoin still has a good chance to break the ath at $20k by the end of this month.
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Chrystora123
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Omicron is another FUD
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November 18, 2020, 02:42:55 PM |
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snip..
Many peoples are ready to buy the Bitcoin so as soon as possible it will going to moon. Many investors are plan to buy huge investment in BTC so $20k is possible in before end of the year. In 2017 is the best year in crypto industry so everyone happy celebrate this rapid peak. It is decentralized platform so anything will possible on crypto platform so we must actively monitor the crypto market. I am constantly monitoring Bitcoin price movements every day and I am pleased with Bitcoin price growth which is slowly but surely heading towards $20k. most likely before this year is over Bitcoin will be at $20k or more, let's keep an eye on the price of Bitcoin.. |
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