Bitcoin 2017 - 2021. Better price not yet to come. Be careful

[dotcoin.info]

What makes you think that the trend will be exactly the same as in 2017? Everything happens a little differently each time. Last time Bitcoin reached $ 16,000 and fell down.
The same thing can happen now. No one guarantees that the cycle will go exactly the same, rather the opposite. I want to believe you are right, but that would be too good to be true.

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[hridoyb]

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

Bitcoin price increasing  now so no doubt any time price will be crashed  or all time high so ve careful. Never invest your all of money in this crypto currency . Bitcoin price now 17000$ + so any time it back to 15000$. If you invest now always  focus on bitcoin price and News. I hope bitcoin will be 30000+ in 2021 or all time will be remain 14000$ to 19000$.

[tranthidung]

What makes you think that the trend will be exactly the same as in 2017? Everything happens a little differently each time. Last time Bitcoin reached $ 16,000 and fell down.
The same thing can happen now. No one guarantees that the cycle will go exactly the same, rather the opposite. I want to believe you are right, but that would be too good to be true.

The trend is the same (I believe) in the bull run but the price movements in short term will definitely different (can be different in mid-term as well). Accumulation time can be longer or shorter that we will never know ahead of time.

Bitcoin price increasing  now so no doubt any time price will be crashed  or all time high so ve careful. Never invest your all of money in this crypto currency . Bitcoin price now 17000$ + so any time it back to 15000$. If you invest now always  focus on bitcoin price and News. I hope bitcoin will be 30000+ in 2021 or all time will be remain 14000$ to 19000$.

You don't need to quote all the OP to reply. I invited you to read Bitcointalk posting etiquette
For price prediction or forecast, you need to make it done from price data and your own calculation. Arbitrarily guess price targets is bad because you don't have solid base for your guess (sure it is guess) and you will be not confident about it. You will flexibly change your opinion with market fluctuations. Your post shows your opinion is arbitrary. Pay your attention on the price chart (supports, resistances, flipping points and significant points of volume changes) 

[JooBra]

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.

All what you said here we have seen in couple of days. All people should write this down and look at it from time to time...

[lepbagong]

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.

All what you said here we have seen in couple of days. All people should write this down and look at it from time to time...

Bitcoin is now a short term, can increase quickly and fall too like that. has been done several times over the past few months.
I believe that no surprises will happen at the end of this year from bitcoin and it will happen next year.

I agree that everyone already knows the state of bitcoin in doing this and I agree if you want to observe from time to time for those who still don't believe there will be an increase in the next year.

[GelatikKembar]

How come it's not here yet? it is very clear, the Bitcoin price can break through $ 19,000 before the correction comes,
the correction that occurs is very reasonable, because it is certain that it is a healthy correction,
we have entered a season where it is said that this season is a bullish season for cryptocurrencies!

[Nellayar]

How come it's not here yet? it is very clear, the Bitcoin price can break through $ 19,000 before the correction comes,
the correction that occurs is very reasonable, because it is certain that it is a healthy correction,
we have entered a season where it is said that this season is a bullish season for cryptocurrencies!

Its still possible for bitcoin to move higher. I am still bullish in bitcoin because based upon its dna, it pushes upward whenever it breaks its ath price. See what happen to last pumped, bitcoin pushed more than what we think of. The correction for bitcoin is still healthy, there is no signs yet that bitcoin will take the reversal period. Let us just be positive in market and wait till bitcoin double up its price.

[darewaller]

Accumulation time can be longer or shorter that we will never know ahead of time.

Accumulation period is always a period I am afraid of, many rich people accumulate bitcoin (or any investment product) during the same period but the poor people have very little amount of money they can risk, which means we do not accumulate not only because we are afraid, but we are also poor so we do not accumulate, we just invest with small amounts.

Whales however just wait and live for these moments, they keep on investing like crazy during the downfall so they could take advantage of the increase, if the price goes down even more like we fear, they will just continue to buy because they have so much money, same thing would hurt us a ton. This is why I think accumulation period is something for the rich people and not for the people who can't afford thousands of entry each time.

[maydna]

How come it's not here yet? it is very clear, the Bitcoin price can break through $ 19,000 before the correction comes,
the correction that occurs is very reasonable, because it is certain that it is a healthy correction,
we have entered a season where it is said that this season is a bullish season for cryptocurrencies!

Its still possible for bitcoin to move higher. I am still bullish in bitcoin because based upon its dna, it pushes upward whenever it breaks its ath price. See what happen to last pumped, bitcoin pushed more than what we think of. The correction for bitcoin is still healthy, there is no signs yet that bitcoin will take the reversal period. Let us just be positive in market and wait till bitcoin double up its price.

Bitcoin price finally can break $19k and now hit the new ATH

Sooner or later, the bitcoin price will go to $20k, and perhaps, that can happen this month. Many of us hope that the price will be at $20k or more this month, so in the next year, the bitcoin price can increase more than now and make a new ATH. We need to still aware of the correction that will happen in the market, so we don't panic if we see that time because that can be a good time to buy back bitcoin after we sell it at a high price. After the last correction, the price has more supports to reach the high price, and now, the price can back to $19,500.

[tranthidung]

Bitcoin is now a short term, can increase quickly and fall too like that.

Blast off and weak all the way down. People will buy up like they won't have another chance to buy bitcoin.

How come it's not here yet? it is very clear, the Bitcoin price can break through $ 19,000 before the correction comes,
the correction that occurs is very reasonable, because it is certain that it is a healthy correction,

The question is "If you believe bitcoin will break $19,000 that tried to break off $20,000, will you close your eyes and buy like mad investor?" Or you will wait for correction, pull back?

Which decision is safer for you? Which one can help to protect your capital better?

Its still possible for bitcoin to move higher. I am still bullish in bitcoin because based upon its dna, it pushes upward whenever it breaks its ath price. See what happen to last pumped, bitcoin pushed more than what we think of. The correction for bitcoin is still healthy, there is no signs yet that bitcoin will take the reversal period. Let us just be positive in market and wait till bitcoin double up its price.

How many times people said this time bitcoin will not be pulled back to where it takes off again and eventually they were wrong? Adoption, institutional investments or anything else that are positive won't make sure bitcoin won't be pulled back.

Accumulation period is always a period I am afraid of, many rich people accumulate bitcoin (or any investment product) during the same period but the poor people have very little amount of money they can risk, which means we do not accumulate not only because we are afraid, but we are also poor so we do not accumulate, we just invest with small amounts.

Whales however just wait and live for these moments, they keep on investing like crazy during the downfall so they could take advantage of the increase, if the price goes down even more like we fear, they will just continue to buy because they have so much money, same thing would hurt us a ton. This is why I think accumulation period is something for the rich people and not for the people who can't afford thousands of entry each time.

Crypto whales and financial whales are different. Bitcoin and crypto market operate in their own ways and rules. There are some common characteristics but they have many differences.

Bitcoin price finally can break $19k and now hit the new ATH

Sooner or later, the bitcoin price will go to $20k, and perhaps, that can happen this month.

Capital protection is the best thing and must be done. I take profit at the price I identify by my formula and wait for pull back to enter again. At the end, you need to cash out your capital in stable coins or fiat. I of course dedicate a fixed amount of bitcoin that I won't sell.

[BTCappu]

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.

Since we are in a situation where it is going down and up constantly without really us being able to predict it, I would say leverage would be super dangerous at these days anyway, without looking at any charts. Think about it, we are in a situation where we went to 19k+ first, dropped under 17k and now we are focusing on going over 18k+ and that means if you pick a leveraged position and if you are right, you could make insane amount of profit, like amount of profit we could never see anywhere, making 100x returns from it.

However if you are wrong, there is no way that you could come back from it, with just one small mistake you could lose all of your money, which is why I think it would not be smart to risk all the money you have in return of a 100x profit chance, it would be smarter to focus on more realistic stuff like maybe making 10% return.

[maydna]

Bitcoin price finally can break $19k and now hit the new ATH

Sooner or later, the bitcoin price will go to $20k, and perhaps, that can happen this month.

Capital protection is the best thing and must be done. I take profit at the price I identify by my formula and wait for pull back to enter again. At the end, you need to cash out your capital in stable coins or fiat. I of course dedicate a fixed amount of bitcoin that I won't sell.

You did great for taking your profit because many people don't profit when the price increases instead of waiting for another high price. That is not good for them, but they still do that over and over without realizing that the price will not stay at that high price. When we can see the profit appear at the market, perhaps, we can analyze for a bit to see if the price will still go up or down and if the situations are not good for the price to increase, perhaps, we need to take the profit and wait for another time to buyback.

[tranthidung]

Since we are in a situation where it is going down and up constantly without really us being able to predict it, I would say leverage would be super dangerous at these days anyway, without looking at any charts.

Calculation, not prediction. Especially if you are using leverage trades, you have more due reasons to calculate price (entry and exit). Leverage trading is not gambling.

Think about it, we are in a situation where we went to 19k+ first, dropped under 17k and now we are focusing on going over 18k+ and that means if you pick a leveraged position and if you are right, you could make insane amount of profit, like amount of profit we could never see anywhere, making 100x returns from it.

x100 leverage is for too greed gamblers. I never consider them as traders.

However if you are wrong, there is no way that you could come back from it, with just one small mistake you could lose all of your money, which is why I think it would not be smart to risk all the money you have in return of a 100x profit chance, it would be smarter to focus on more realistic stuff like maybe making 10% return.

Why not? There are many types of leverage trades and depends on such type, liquidation might be taken on your specific order or on your whole account balance.

You did great for taking your profit because many people don't profit when the price increases instead of waiting for another high price. That is not good for them, but they still do that over and over without realizing that the price will not stay at that high price. When we can see the profit appear at the market, perhaps, we can analyze for a bit to see if the price will still go up or down and if the situations are not good for the price to increase, perhaps, we need to take the profit and wait for another time to buyback.

It depends upon perspective and trading or investment strategies of each person. I learned from my past experience and now I will take profit at the points I identify (I could be correct or not correct with my calculation) though the price could rise up higher than my expectation. Today bitcoin is fluctuating around $18,500 and if it reaches $20,000, it will be nearly 8% of rise.

If I want to get 8% of profit, I cash out days ago at $18700, bought back at $17000 and here I go with 8.8% profit today. I would not lose any profit and get more. As said, my core approach is protection for my capital and already earned profit on screen. Why should I take risks on both losing my current profit just to get 8% more?

[dzungmobile]

why not yet to come? As far as I know 2020 is better than the previous year,
compare the price of Bitcoin in 2018 and 2019, can it afford to $ 19k? Of course not,
because Bitcoin has not yet started mass adoption, and this year a start for mass adoption.

What is a mass adoption? Do you have any definition for it? Or it will be lifted up over years. Adoption began more than one decade ago since the two pizzas bought by Bitcoin. For mass adoption, I don't know a clear definition for it.

[maydna]

~snip~

It depends upon perspective and trading or investment strategies of each person. I learned from my past experience and now I will take profit at the points I identify (I could be correct or not correct with my calculation) though the price could rise up higher than my expectation. Today bitcoin is fluctuating around $18,500 and if it reaches $20,000, it will be nearly 8% of rise.

If I want to get 8% of profit, I cash out days ago at $18700, bought back at $17000 and here I go with 8.8% profit today. I would not lose any profit and get more. As said, my core approach is protection for my capital and already earned profit on screen. Why should I take risks on both losing my current profit just to get 8% more?

You are right. If we can learn from experience before, especially when we made a mistake, that can improve our skills. I am sure that if we can get the point of the mistake and learn how to avoid the other mistake, we can profit in the future. Bitcoin is still fluctuating, and I am not sure if there is a sign of increasing higher, but I see that you can use the fluctuating for your own benefits.

Getting profit for that percentage is more than enough in these situations because not many of us can make that profit in that percentage. So we need to grateful that we can still make a profit. The bitcoin price will reach $20k someday, and if that is not happening this month, we don't have to worry because it will happen in the future.

[tranthidung]

You are right. If we can learn from experience before, especially when we made a mistake, that can improve our skills. I am sure that if we can get the point of the mistake and learn how to avoid the other mistake, we can profit in the future. Bitcoin is still fluctuating, and I am not sure if there is a sign of increasing higher, but I see that you can use the fluctuating for your own benefits.

Getting profit for that percentage is more than enough in these situations because not many of us can make that profit in that percentage. So we need to grateful that we can still make a profit. The bitcoin price will reach $20k someday, and if that is not happening this month, we don't have to worry because it will happen in the future.

You are right on the hidden chances to get profits from fluctuations. Big falls or big rises rarely happen, once in a few months (3 to 4 months) but fluctuations happen everyday. Why do I need to have 10% of rise to get profit? 1 percent of profit everyday (in fact you can get more than 2 repetitions each day) and 30 days, I can get 30% of profits from my capital. No need to hopelessly wait for 10%, 20% or 30% of increase in value within a few days.

As said, my priority is protect my capital, not to increase it by taking risks.

My words sound like I am a parsimonious investor or trader. 

[tranthidung]

it is the time to celebrate a new all time high for bitcoin. Yesterday is a really big day for bitcoiners (of course, I hope you did not short bitcoin and short with with too high leverages).

As of writing, bitcoin is trying to keep the price at $20,000 but you should know on BitMEX hours ago the highest price is $22273. It is not because of support and demand but it comes from liquidations. It is the reason I told you to be careful.

Some points to note:

• Bitcoin hits its new all time high
• The volume is still low and is about 59.8% of Volume's All time high at $74.16 billion on 13 Mar 2020
• If you sort out the daily volume, yesterday has its volume is ranked at 48th position

Code:

      +------------------------------+
      | rank        Date   volumebil |
      |------------------------------|
   1. |    1   13-Mar-20    74.15677 |
   2. |    2   30-Apr-20    66.96463 |
   3. |    3   10-May-20    63.32528 |
   4. |    4    8-Oct-20    63.31479 |
   5. |    5   26-Nov-20    61.39684 |
   6. |    6    7-May-20     61.1127 |
   7. |    7   29-Apr-20    60.20105 |
   8. |    8   11-May-20    57.11986 |
   9. |    9   29-Oct-20     56.4995 |
  10. |   10   14-May-20    56.42691 |
  11. |   11   20-Mar-20    54.44298 |
  12. |   12   10-Sep-20    54.40644 |
  13. |   13   12-Mar-20    53.98036 |
  14. |   14    8-May-20    51.78075 |
  15. |   15   24-Nov-20    51.46957 |
  16. |   16   19-Mar-20    51.00073 |
  17. |   17   26-Feb-20    50.42005 |
  18. |   18    1-Dec-20    49.63366 |
  19. |   19    6-May-20    49.37189 |
  20. |   20   13-Feb-20    49.35607 |
  21. |   21   18-Nov-20     49.0648 |
  22. |   22   24-Mar-20    48.22191 |
  23. |   23   15-May-20     48.1588 |
  24. |   24   30-Nov-20    47.72848 |
  25. |   25    2-Apr-20    47.66064 |
  26. |   26   18-Feb-20    47.27102 |
  27. |   27    3-May-20    47.10178 |
  28. |   28   19-Feb-20    46.99202 |
  29. |   29    9-Mar-20      46.937 |
  30. |   30    6-Apr-20     46.8969 |
  31. |   31   16-Apr-20    46.78324 |
  32. |   32    9-May-20    46.56612 |
  33. |   33   23-Mar-20    46.49192 |
  34. |   34   17-Feb-20     45.9983 |
  35. |   35    4-May-20     45.7188 |
  36. |   36   13-May-20    45.55814 |
  37. |   37   27-Feb-20     45.4702 |
  38. |   38   16-Mar-20    45.36803 |
  39. |   39   11-Sep-20    45.20112 |
  40. |   40   26-Jun-19    45.10573 |
  41. |   41   24-Feb-20     45.0805 |
  42. |   42   20-Feb-20    44.92526 |
  43. |   43    5-Sep-20    44.91656 |
  44. |   44   14-Jan-20    44.84179 |
  45. |   45   28-Feb-20    44.60545 |
  46. |   46   25-Mar-20    44.59011 |
  47. |   47   26-Oct-19    44.49625 |
  48. |   48   16-Dec-20    44.40901 |
  49. |   49    7-Apr-20    44.24348 |
  50. |   50    1-May-20    44.06839 |
      +------------------------------+

[elisabetheva]

why not yet to come? As far as I know 2020 is better than the previous year,
compare the price of Bitcoin in 2018 and 2019, can it afford to $ 19k? Of course not,
because Bitcoin has not yet started mass adoption, and this year a start for mass adoption.

yes, now you know that 2020 is better than the previous year so bitcoin makes renewable ATH and the possibility that the new ATH will come back in 2021 might be even more fantastic than at the end of this year. we will wait for it because this is a prediction of the Halving that occurs every 4 years.

[tranthidung]

• If bitcoin breaks $20k and jumps into the Bullish-extension area, it might reach $27k.
• Further than that, the Overbought area might help bitcoin moving up to around $49k.

Hey. Eventually, bitcoin almost reached $27,000. Just a few dollars to hit $27,000 about 6 hours ago. The price rocks as expected but the volume has not yet topped it up. If you compare the 26 Dec's volume to highest daily volume this year on 12 Mar, it is only about 65% of the yearly high of volume. It's the point guys.

Let's take a look at history price charts (somewhat fractals) and volume charts for 3 years: 2016, 2017, and 2020 then you will see what I meant.

Additionally, let's look at the history of bitcoin streaks with my thread: Bitcoin Streaks (Rise/ Fall) - 2013 to 2020. Bitcoin is trying to set up its new rise streak since 23 Dec 2020 (my streak definition is for 5⁺-days streak).

Warnings

• It is not my financial advice
• 2 scenarios for the top up of volume
  
  • Bitcoin sets its higher all time high that triggers a huge FOMO-wave
  • Bitcoin crashes (pull back or 30% correction) and that cause a huge volume when price weaks all the way down. Something is similar to what happen in March but with less of fear and uncertainty. Only retailers will shake their hands as big men are bullish with bitcoin and they have solid belief in bitcoin.

[konflikkastil]

Yes, I agreed with you that better price is yet to come. BTC is still going high and it will still go higher in the coming days. Looking at the chart carefully and putting other things into consideration. The rate at which BTC is going we should be looking for some sought of has not happened before because. In my own projections we are still going to see BTC go higher against all odds. BTC presently trading above $25,000. And it's still going high.