Don't be surprise to see price of btc drop this week

[KTChampions]

As has happened several times in the past month, and it may happen several more times before we can keep the price above $40 000. Simply at the moment this price is not sustainable because most large investors are no longer putting a lot of pressure on the market, while on the other hand they generally do not sell what they bought in recent months (of course there are exceptions).

The year has started great in terms of price, and certainly for all those who trade on the principle of "buy low, sell high" these regular price changes in the range of more than $10 000 are great for regular profit making.

The problem with tracking the actions of large investors is that they carry out OTC transactions and we cannot know what the real volumes of purchases are at those levels. I am sure that even the blockchain cannot help in this, since most likely they are not selling the bitcoins themselves, but the rights to them.

[TimeTeller]

As has happened several times in the past month, and it may happen several more times before we can keep the price above $40 000. Simply at the moment this price is not sustainable because most large investors are no longer putting a lot of pressure on the market, while on the other hand they generally do not sell what they bought in recent months (of course there are exceptions).

The year has started great in terms of price, and certainly for all those who trade on the principle of "buy low, sell high" these regular price changes in the range of more than $10 000 are great for regular profit making.

The problem with tracking the actions of large investors is that they carry out OTC transactions and we cannot know what the real volumes of purchases are at those levels. I am sure that even the blockchain cannot help in this, since most likely they are not selling the bitcoins themselves, but the rights to them.

Don't make yourself worry about these OTC transactions as we won't know it.
But scalping these days, is really good. Those who know how to strategize can make good amount of money at short period of time.
Let us be grateful that bitcoin is above 30k now, only this year that we experience this price level.
Even if there is drop from time to time, still it goes above 30k, which is very nice for bitcoin market.

[KTChampions]

The problem with tracking the actions of large investors is that they carry out OTC transactions and we cannot know what the real volumes of purchases are at those levels. I am sure that even the blockchain cannot help in this, since most likely they are not selling the bitcoins themselves, but the rights to them.

Don't make yourself worry about these OTC transactions as we won't know it.
But scalping these days, is really good. Those who know how to strategize can make good amount of money at short period of time.
Let us be grateful that bitcoin is above 30k now, only this year that we experience this price level.
Even if there is drop from time to time, still it goes above 30k, which is very nice for bitcoin market.

I don’t quite understand what you’re talking about - I don’t know of a single scalper who would not go broke over a long distance (from a thousand transactions). Any sudden movement will instantly kill their deposit. Considering the traditionally high volatility of the crypto market, they have nothing to do here (except to tickle their nerves, but this can be done in a casino as well).

[carlfebz2]

Bitcoin moved precisely the opposite. These graphs are the perfect example of why I don't believe in technical analysis for crypto, and I follow mainly my gut.

Trade cautiously and HODL most of your coins!

Technicals might not be precised because of this very unpredictable market but doesnt mean that they are totally useless.This had been a pretty common analysis
that traders been using it might not really be perfect but somewhat this is much better than on making out decisions without any basis.

Trusting your own gut and intuition might do but doesnt mean that it would really be reliable from time to time.Drops and corrections are part of this market.

We cant just see a market that will continue to rise up without any stopping or consolidation. Always expect for situations like these.

[btc78]

Bitcoin moved precisely the opposite. These graphs are the perfect example of why I don't believe in technical analysis for crypto, and I follow mainly my gut.

Combination of Guts and Technical analysis will save you from losses, yeah our Gut and Instinct sometimes are enough but what more if this will combined with TA? does this will make more difference?

Trade cautiously and HODL most of your coins!

Depend on which coin ,because if this is a SHitty coin then there is no reason why need to HODL? when the coins is intended for fast trading.

[Theones]

The BTC price does not seem to drop any time soon. Of course, I do not take into account the slight corrections that are normal on every financial market. I think that in the coming days, and maybe even weeks, we will see only an increase in the BTC price.

[Questat]

The BTC price does not seem to drop any time soon. Of course, I do not take into account the slight corrections that are normal on every financial market. I think that in the coming days, and maybe even weeks, we will see only an increase in the BTC price.

Let's enjoy it while it's still pumping, soon, correction will come and price will dump. We have seen some minor correction, I thought that was it but it was only to make bitcoin stronger to pump to a higher price. We have achieved a new ATH this week, next stop should be $50k.

[ancafe]

Let's enjoy it while it's still pumping, soon, correction will come and price will dump. We have seen some minor correction, I thought that was it but it was only to make bitcoin stronger to pump to a higher price. We have achieved a new ATH this week, next stop should be $50k.

Well, maybe enjoying this increase is better than thinking about when the price will go down. many people think that a decline will occur in the near future. however, when investors like Elon Musk came along, prices got back up. Well, things like this were unexpected, and to be honest I was surprised to see the price go up again.

[Theones]

The BTC price does not seem to drop any time soon. Of course, I do not take into account the slight corrections that are normal on every financial market. I think that in the coming days, and maybe even weeks, we will see only an increase in the BTC price.

Let's enjoy it while it's still pumping, soon, correction will come and price will dump. We have seen some minor correction, I thought that was it but it was only to make bitcoin stronger to pump to a higher price. We have achieved a new ATH this week, next stop should be $50k.

I think $50k is just the beginning of the journey;)
I just hope that the price will not shoot up very quickly, because then also the corrections can be very sharp and will create panic. A steady slow growth over several months would be best.

[robelneo]

Bitcoin moved precisely the opposite. These graphs are the perfect example of why I don't believe in technical analysis for crypto, and I follow mainly my gut.

Trade cautiously and HODL most of your coins!

Sometimes they are correct but most of the time they are not, I still prefer the news coming into technical analysis, technical analysis cannot see or predict pumps created by groups and news coming in that can add motivation for investors to pump Bitcoin, but I don't discourage OP to stop doing analysis if you are making a profit from doing an analysis.

[Fredomago]

Bitcoin moved precisely the opposite. These graphs are the perfect example of why I don't believe in technical analysis for crypto, and I follow mainly my gut.

Trade cautiously and HODL most of your coins!

Sometimes they are correct but most of the time they are not, I still prefer the news coming into technical analysis, technical analysis cannot see or predict pumps created by groups and news coming in that can add motivation for investors to pump Bitcoin, but I don't discourage OP to stop doing analysis if you are making a profit from doing an analysis.

Yeah right, if you find yourself gaining from how you work with your analysis best to continue enhancing it and make a mych better outcome, executing your position is very important.

It's your own decision making base to whatever patterns you decided to follow, as long as you are following the track correctly and
you are willing to take every risk that accompanied by the assumptions that you've made. Trust yourself and those factors that influences
the market, keep motivating yourself in finding the right path to much successful journey.

[Theones]

The BTC price does not seem to drop any time soon. Of course, I do not take into account the slight corrections that are normal on every financial market. I think that in the coming days, and maybe even weeks, we will see only an increase in the BTC price.

Let's enjoy it while it's still pumping, soon, correction will come and price will dump. We have seen some minor correction, I thought that was it but it was only to make bitcoin stronger to pump to a higher price. We have achieved a new ATH this week, next stop should be $50k.

Probably our predictions were too positive. The price increase is weaker and lower and the decrease is more frequent. I think that we will have to wait a bit longer than we thought to exceed the level of $50k.   

[Viscore]

Bitcoin moved precisely the opposite. These graphs are the perfect example of why I don't believe in technical analysis for crypto, and I follow mainly my gut.

Because the truth is that we can't just slip into the chart and exactly predicting what will happen next, it eventually changing every time. It is much better to rely on our guts and common instinct which most traders never use but instead of using this tool (charts and a candlestick).

Trade cautiously and HODL most of your coins!

Just HOLD, don't trade, maybe this is the best option. Because it sounds like the market is preparing for a continuous rally, we can't just double, triple our money, but is possible to x5, or at x10.

[stomachgrowls]

The BTC price does not seem to drop any time soon. Of course, I do not take into account the slight corrections that are normal on every financial market. I think that in the coming days, and maybe even weeks, we will see only an increase in the BTC price.

Let's enjoy it while it's still pumping, soon, correction will come and price will dump. We have seen some minor correction, I thought that was it but it was only to make bitcoin stronger to pump to a higher price. We have achieved a new ATH this week, next stop should be $50k.

Probably our predictions were too positive. The price increase is weaker and lower and the decrease is more frequent. I think that we will have to wait a bit longer than we thought to exceed the level of $50k.    

It wont really be a smooth ride and i do see that this is just like the same when we are trying to break out 30k in past month as i remember where it did really have some several or couple of
price breach rejections which i can definitely say that we would possibly saw the same scenario.

For dropping price or correction then this isnt something that people should be surprised on.Price now is gradually decreasing at the moment we do speak where we are playing around 47k-45k and this
could possibly go even more lower.
There are strong support on 40k level though but i doubt that it would hold up strong if the market tends to correct.

[Ulven]

I do not think technical analysis can only help us predict the price of Bitcoin, but we should always follow the news, especially the major investors around the world!!.
 As we all know that buy and sell orders are the influences on a currency's price path, and these orders have an intimate relationship with the feelings of traders and investors. !!!And in order to be able to be accurate in our analyses, we must know what are the feelings of others?

[Theones]

The BTC price does not seem to drop any time soon. Of course, I do not take into account the slight corrections that are normal on every financial market. I think that in the coming days, and maybe even weeks, we will see only an increase in the BTC price.

Let's enjoy it while it's still pumping, soon, correction will come and price will dump. We have seen some minor correction, I thought that was it but it was only to make bitcoin stronger to pump to a higher price. We have achieved a new ATH this week, next stop should be $50k.

Probably our predictions were too positive. The price increase is weaker and lower and the decrease is more frequent. I think that we will have to wait a bit longer than we thought to exceed the level of $50k.    

It wont really be a smooth ride and i do see that this is just like the same when we are trying to break out 30k in past month as i remember where it did really have some several or couple of
price breach rejections which i can definitely say that we would possibly saw the same scenario.

For dropping price or correction then this isnt something that people should be surprised on.Price now is gradually decreasing at the moment we do speak where we are playing around 47k-45k and this
could possibly go even more lower.
There are strong support on 40k level though but i doubt that it would hold up strong if the market tends to correct.

My optimism has cooled down a lot, but I'm not so negative as to think of a drop below $40k. I think your proposition of a scenario where the price will be dncing between $42k- $47k for a while is very likely.

[StreakW]

I'm seeing with the way the waves has gone and the closing of last week and month, the price is going to drop taking off close to $4,000 from the current price. This maybe a major correction.

With this happening last week and market situation for the first day of the week and month, we may look the downside to $31,523

You know what?? Bitcoin is unpredicted, Based on the chart you say waves has gone, but new waves from tesla has come and made Bitcoin price make a new ATH. People keep trying to predict the price of Bitcoin based on charts, Yes this is good but I always keep in my mind that no one can predict it right.

[wheelz1200]

Chart or no chart any spike this high always is followed by a dip whether little or big.  Nothing is linear in any market especially bitcoin.  I have been adverse to TA in the past because crypto TA is guesswork to some extent. (At least much more than stonks) but there is definately merit to it i guess to some degree

[7788bitcoin]

Chart or no chart any spike this high always is followed by a dip whether little or big.  Nothing is linear in any market especially bitcoin.  I have been adverse to TA in the past because crypto TA is guesswork to some extent. (At least much more than stonks) but there is definately merit to it i guess to some degree

Speculation is guess work and technical analysis and chart work done is with the help of past performance and most likely scenarios and bitcoin does not have a big chart to study like the stock market. I am also expecting a correction but no idea when.

Majority of the market spiked a lot in the past few months and the spike was exceptionally high than i expected and majority might be in that category especially some coins which i though were shit coins .

[darewaller]

if you find yourself gaining from how you work with your analysis best to continue enhancing it and make a mych better outcome, executing your position is very important.

It's your own decision making base to whatever patterns you decided to follow, as long as you are following the track correctly and
you are willing to take every risk that accompanied by the assumptions that you've made. Trust yourself and those factors that influences
the market, keep motivating yourself in finding the right path to much successful journey.

It is not that easy to actually build a strategy, and it takes months and maybe even years before you can say that you have the "perfect" one that always brings you profit, obviously even a perfect one could end up losing money considering unexpected things could happen in crypto, but at least it brings you profit in the long term.

However one thing I am certain about is that even after having that perfect strategy, it is not easy to actually end up following it because people do get emotional when trading and they end up seeing something that they didn't expected at all and this causes them to actually be shocked about it and they act or react to it and that is when they leave all their strategy behind and they end up working hard to recover from that for months. This is why I think we should not forget that bitcoin is not here to fend your emotions, you have to do that yourself, no matter how hard it is.