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Author Topic: Do you think that a new ATH is coming or a crash?  (Read 959 times)
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April 07, 2021, 06:58:44 PM
 #121

I think yes, we can wait for the continuation of the conquest of the peaks of the ATH. Personally, I am guided by several criteria, one of which is the GrayScale Foundation.
Just the other day, they bought Bitcoin in the amount of $ 560, why do they need it now if they are waiting for a fall?
In addition, altcoins are now showing rapid growth, this also speaks of an upward trend.


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April 08, 2021, 03:08:00 PM
 #122

I think there may be a big Bitcoin rally in the next few days, a lot of dollars came into the exchanges yesterday, roughly more than $ 476 million in stablecoins in just 1 hour.

Quote
"Stable coins deposited on exchanges is for buying, mostly. Some part of it may be used for lending to leveraged traders. [...] Besides, it's bullish too as it highlights the demand for longs."
Source: https://cointelegraph.com/news/bitcoin-exchanges-just-saw-massive-tether-stablecoin-deposits
In 2017 when there was that bullish trend there are many theories that Bitfinex had a lot to do with their tether, in fact they have currently been fined $16M, in this small correction that there was also it is very likely that they have moved some of those BTC to fiat for buy altcoins, some investors protect themselves that way, you have to wait for how the market emerges in the coming days.

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April 08, 2021, 05:26:22 PM
 #123

I think yes, we can wait for the continuation of the conquest of the peaks of the ATH. Personally, I am guided by several criteria, one of which is the GrayScale Foundation.
Just the other day, they bought Bitcoin in the amount of $ 560, why do they need it now if they are waiting for a fall?
In addition, altcoins are now showing rapid growth, this also speaks of an upward trend.



For me looking at the recent ways the things have started to unfold and more and more big players have now started to concentrate on bitcoin and invest in their funds as a investment means a good thing and with wider mass making the use of it just means more demand and very much can reach new high rather than creating a big crash. Though some volatile will still exists.

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April 08, 2021, 06:58:44 PM
 #124

some investors protect themselves that way, you have to wait for how the market emerges in the coming days.

Flexibility is the name of the game and you should learn how to be flexible and how to look on the chart and have foresight, this is very important if you want to succeed and saves yourselves on the many things that are happening in the market, you have to move on the right time using the right platform in implementing your strategy, it's hard to invest money in the market without a laid-out strategy.

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April 08, 2021, 07:08:44 PM
 #125

Corrections are inevitable and we have to accept that. Recently we had 58000$ and now we around 48000$. But this is normal volatility cycle and at the moment I don't expect to see big dump. Probably price will fluctuate in the range between 40000$ and 50000$ for a while.
Although the market and investors are still under impression of this huge jump to my opinion the new ATH is not in the horizon.

After a month of this post, we are still enjoying the 58k level again. So the 40-50k level did not actually happen but btc stayed above 50k and hitting again the 60k. This goes to show that btc has stronghold now over 50k. If there will be correction, it stays in the 50-55k level, which is actually very good price range of btc after more than a decade in the market. It is only this year that this price level has attained.
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April 08, 2021, 11:52:25 PM
 #126

Corrections are inevitable and we have to accept that. Recently we had 58000$ and now we around 48000$. But this is normal volatility cycle and at the moment I don't expect to see big dump. Probably price will fluctuate in the range between 40000$ and 50000$ for a while.
Although the market and investors are still under impression of this huge jump to my opinion the new ATH is not in the horizon.

After a month of this post, we are still enjoying the 58k level again. So the 40-50k level did not actually happen but btc stayed above 50k and hitting again the 60k. This goes to show that btc has stronghold now over 50k. If there will be correction, it stays in the 50-55k level, which is actually very good price range of btc after more than a decade in the market. It is only this year that this price level has attained.
There are lots of situations where price did able to sustain for a while on a not so big gaps or in levels but the price or value wasnt just the same but its just the same concept.

Thing here is that we do able to sustain 50k+ price in a long time or had been stayed for many months now which does signify or give out some impression that the market is doing pretty well.

but we shouldnt forget that the market could turn flip upside down on least expectations or moments.So we should be prepared for that.

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April 09, 2021, 09:17:31 AM
 #127

Bitcoin indeed has been trolling us for the past few weeks but I think I am cool with it getting me hopes up every weekend and then letting me down like on Monday.

Not like it's a huge letdown from 60 to 55k, anyway. Definitely be licking me chops if I were a weekly scalper.

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April 09, 2021, 01:25:21 PM
 #128

some investors protect themselves that way, you have to wait for how the market emerges in the coming days.

Flexibility is the name of the game and you should learn how to be flexible and how to look on the chart and have foresight, this is very important if you want to succeed and saves yourselves on the many things that are happening in the market, you have to move on the right time using the right platform in implementing your strategy, it's hard to invest money in the market without a laid-out strategy.

You are absolutely right, sometimes my analysis has been invalidated by a movement in the Exchange, sometimes it is difficult to adapt to a type of exchange that is not the one you are used to operating, even one day I lost a lot for only the internal commercial commissions , I lost a lot of money and when I went to withdraw it did not reach the minimum required, it was distressing, in fact the plan I had devised worked.

This taught me that when there are new Exchange platforms I have to check the transaction, deposit and withdrawal fees, in addition to the small commission they charge each time an order is completed, they mostly charge more when it is to "market" than in " Stop Limit ". That was the same day that Bitcoin reached almost $61k, everything was very fast and of course any mistake within the Exchange is expensive.

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April 09, 2021, 01:57:11 PM
 #129

Corrections are inevitable and we have to accept that. Recently we had 58000$ and now we around 48000$. But this is normal volatility cycle and at the moment I don't expect to see big dump. Probably price will fluctuate in the range between 40000$ and 50000$ for a while.
Although the market and investors are still under impression of this huge jump to my opinion the new ATH is not in the horizon.

After a month of this post, we are still enjoying the 58k level again. So the 40-50k level did not actually happen but btc stayed above 50k and hitting again the 60k. This goes to show that btc has stronghold now over 50k. If there will be correction, it stays in the 50-55k level, which is actually very good price range of btc after more than a decade in the market. It is only this year that this price level has attained.
No huge price correction, no FUDs, no hacking incident, I find this a big coincidence to happen in crypto now and this encourages investors to hold rather than being tempted to sell their Bitcoin.

if this could able to sustain until the end of this year, this gonna be the long bullish season we ever experience. Because the majority will think that after reaching $50k the market will dump but we are very fortunate that it never happens. So much to enjoy the Bullrun this time and also those altcoins holders.

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April 09, 2021, 06:43:53 PM
 #130

For me looking at the recent ways the things have started to unfold and more and more big players have now started to concentrate on bitcoin and invest in their funds as a investment means a good thing and with wider mass making the use of it just means more demand and very much can reach new high rather than creating a big crash. Though some volatile will still exists.
Yeah, I too think we are going to break the ATH, we are going to keep going up, and eventually one day we will have a crash. There is no scenario in crypto world where there is zero crash, no matter how high we get, we will always have a crash.

Fortunately the higher we go the higher our "crash" will drop to as well, if you are at 20k and drop to 3k that is same as if you are at 200k and drop to 30k, it still quite a high number, and I do not think that we will have that kind of drop ever again, I believe a crash from 200k will probably stop at around 60-70k prices. So that means we should be going higher and higher if we want to have a better crash as well. This is what I think will happen, we will go higher and higher and eventually one day we will have a crash but our crash will be prices at around current level.
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April 09, 2021, 08:13:05 PM
 #131

For me looking at the recent ways the things have started to unfold and more and more big players have now started to concentrate on bitcoin and invest in their funds as a investment means a good thing and with wider mass making the use of it just means more demand and very much can reach new high rather than creating a big crash. Though some volatile will still exists.
Yeah, I too think we are going to break the ATH, we are going to keep going up, and eventually one day we will have a crash. There is no scenario in crypto world where there is zero crash, no matter how high we get, we will always have a crash.

Fortunately the higher we go the higher our "crash" will drop to as well, if you are at 20k and drop to 3k that is same as if you are at 200k and drop to 30k, it still quite a high number, and I do not think that we will have that kind of drop ever again, I believe a crash from 200k will probably stop at around 60-70k prices. So that means we should be going higher and higher if we want to have a better crash as well. This is what I think will happen, we will go higher and higher and eventually one day we will have a crash but our crash will be prices at around current level.
Crash that deep wont really be happening as we passed how many years in the market.Try to look those strong supports bellow then we can presume that it can
really hold up for those kind of situations to happen no matter how bad the market is.There would always be those people or investor who would be longing
to buy cheaper coins and when it comes to recognition then it isnt something that would be similar or back in the past.
To presume that crash like those that we had seen is less likely to happen on these current years.

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April 09, 2021, 11:19:47 PM
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 #132

Corrections are inevitable and we have to accept that. Recently we had 58000$ and now we around 48000$. But this is normal volatility cycle and at the moment I don't expect to see big dump. Probably price will fluctuate in the range between 40000$ and 50000$ for a while.
Although the market and investors are still under impression of this huge jump to my opinion the new ATH is not in the horizon.

After a month of this post, we are still enjoying the 58k level again. So the 40-50k level did not actually happen but btc stayed above 50k and hitting again the 60k. This goes to show that btc has stronghold now over 50k. If there will be correction, it stays in the 50-55k level, which is actually very good price range of btc after more than a decade in the market. It is only this year that this price level has attained.
No huge price correction, no FUDs, no hacking incident, I find this a big coincidence to happen in crypto now and this encourages investors to hold rather than being tempted to sell their Bitcoin.

if this could able to sustain until the end of this year, this gonna be the long bullish season we ever experience. Because the majority will think that after reaching $50k the market will dump but we are very fortunate that it never happens. So much to enjoy the Bullrun this time and also those altcoins holders.
Nah, let's just enjoy this bull run until it gone since it is able to stand for a long time and I think maybe there's no FUD yet is because it will going to break another ATH soon and of course, after the new ATH a sudden FUD news out of nowhere suddenly appear saying, exchange hacks, X country government planning to ban Bitcoin etc.

Just HODL if you can wait until you see the new ATH or perhaps the $100k that people are talking about. For now, let's just cherish these stability before it's gone. We still don't know if there's a big player planning to invest in Bitcoin this month or next month and that would suddenly change the price.

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April 09, 2021, 11:29:18 PM
 #133

Corrections are inevitable and we have to accept that. Recently we had 58000$ and now we around 48000$. But this is normal volatility cycle and at the moment I don't expect to see big dump. Probably price will fluctuate in the range between 40000$ and 50000$ for a while.
Although the market and investors are still under impression of this huge jump to my opinion the new ATH is not in the horizon.

After a month of this post, we are still enjoying the 58k level again. So the 40-50k level did not actually happen but btc stayed above 50k and hitting again the 60k. This goes to show that btc has stronghold now over 50k. If there will be correction, it stays in the 50-55k level, which is actually very good price range of btc after more than a decade in the market. It is only this year that this price level has attained.
No huge price correction, no FUDs, no hacking incident, I find this a big coincidence to happen in crypto now and this encourages investors to hold rather than being tempted to sell their Bitcoin.

if this could able to sustain until the end of this year, this gonna be the long bullish season we ever experience. Because the majority will think that after reaching $50k the market will dump but we are very fortunate that it never happens. So much to enjoy the Bullrun this time and also those altcoins holders.

Those who predicted that we the bull season is over once we touch $50k are those who miss the boat, or just simply a perma bear (haven't seen this term for a while, hehehe). So I'm still in the new ATH this year. There will be no crash, yes, we might experience some healthy correction, 20% the most but it doesn't mean that we are in the bearish now. January and February we seen the price goes more than 20%, March new ATH, April period of accumulation and then probably new ATH before the end of the month. That's the cycle for now, but no bears in sight.

 
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April 10, 2021, 05:29:36 AM
Last edit: June 12, 2023, 01:28:20 AM by STT
 #134

Its breaking above a formation thats been taking place since Feb or so :




if it fails this it will lead to reversal in speculation and selling, naturally testing the lower edges and possibly lower.   If it succeeds in staying above about 57333 or so then it's likely to keep gaining if the theory about this being a breakout scenario is reasonable.

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April 10, 2021, 10:43:50 AM
 #135

Hey, bitcoin just made another all time high after a very long tussle in the market. Although, this price has dropped back again basically becasue of the weekend which always experience high sell off, so nothing to be afraid about. Looking at the chart currently there is a possibility of the market back again in weekdays and if the this current point can be hold til then, then we will see something bigger this time.
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April 10, 2021, 10:48:20 AM
 #136

Any other way, I am still going to benefit from it, if it crashes then I can buy more bitcoin and the payout in the signature campaigns are going to increase, if another ATH then I would get more money out of the bitcoin that I am currently hodling, honestly it is a win-win situation for me.

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April 10, 2021, 01:51:07 PM
 #137

Any other way, I am still going to benefit from it, if it crashes then I can buy more bitcoin and the payout in the signature campaigns are going to increase, if another ATH then I would get more money out of the bitcoin that I am currently hodling, honestly it is a win-win situation for me.

Same here, I have no problem with new ATH or big market crash as I would do the right thing, actually, I sold some of my investments already so I have a little interest in bull run, I'll wait until the market will correct then just like what I did in the past, I'll consistently accumulate again.

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April 10, 2021, 05:08:54 PM
 #138

Any other way, I am still going to benefit from it, if it crashes then I can buy more bitcoin and the payout in the signature campaigns are going to increase, if another ATH then I would get more money out of the bitcoin that I am currently hodling, honestly it is a win-win situation for me.

Same here, I have no problem with new ATH or big market crash as I would do the right thing, actually, I sold some of my investments already so I have a little interest in bull run, I'll wait until the market will correct then just like what I did in the past, I'll consistently accumulate again.
Now it makes sense. I highly believe people are more aware of the whole crypto world and opportunities lying at bitcoin. Sure, It won't always only grow expect a bear market at some stage. I'm waiting for the impending bear market to accumulate more.
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April 10, 2021, 07:03:00 PM
 #139

Now it makes sense. I highly believe people are more aware of the whole crypto world and opportunities lying at bitcoin. Sure, It won't always only grow expect a bear market at some stage. I'm waiting for the impending bear market to accumulate more.

Well sometimes market patterns tend to repeat themselves, in 2017 there were several times that the market went down and then up, but now I think that the biggest trend that can dominate at least in the short term is bullish, according to Michaël van de Poppe, published in " THE DAILY HODL ":

Quote
“The [Bitcoin] chart in itself is just really normal and not really bearish at all. We do know that the Pi Indicator is showing us that there might be a bear market coming around. I have to address this topic as I know that in 2017 we had several of those indicators as well. When they are wrong, they just go away from the hype and from the spotlight and then everybody moves on…
Source: https://dailyhodl.com/2021/04/10/is-bitcoin-flashing-bear-market-signals-analyst-traces-top-cryptocurrencys-trajectory/

Although he is an analyst, his word is merely taken into account, he has some price levels that he names according to his analysis, $50k- $53k are the possible scenarios if he sees that bitcoin could have a possible fall if the previous one is invalidated analysis. Everything indicates that a New ATH is more likely than a crash.

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April 11, 2021, 04:42:10 AM
 #140

I believe that we are going to go up a lot more before we will crash, people are way too afraid of a crash and that is not going to happen anytime soon. Have you seen how bitcoin recovers anytime it falls, there are way too many people buying bitcoin as soon as it drops and that is why I think it is not going to crash anytime soon. I mean I am not saying it will not drop, there could be some drop but it will be lower and that is why I do not think that it will be that bad and that is why it is going to be fine in the future, maybe a small drop but that will go up anyway so it’s fine.

People who think that a big crash will come are really hurting their own profits, or they are hoping for it to crash so that they could buy lower as well, there are so many people who want bitcoin to be under 10k again so that they could buy again and wait for it to go up but it wouldn't be that easy if it goes down that much.

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