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Author Topic: Is Bitcoin rebounding?  (Read 691 times)
sapnu
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July 04, 2021, 06:46:43 PM
 #61

BTC:
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
Bitcoin has been having a lot of trouble lately considering that China was planning to buy it and China is a huge and powerful country. Bitcoin's value will keep on rebounding wherein there will be times where it will reach a new peak but at the same time, it may also go down making those low time investors feel the pain of such instances. Bitcoin's value will surely change and recover in the near future so don't rush and be careful on picking a team.
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July 04, 2021, 11:14:19 PM
 #62

BTC:
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
Bitcoin has been having a lot of trouble lately considering that China was planning to buy it and China is a huge and powerful country. Bitcoin's value will keep on rebounding wherein there will be times where it will reach a new peak but at the same time, it may also go down making those low time investors feel the pain of such instances. Bitcoin's value will surely change and recover in the near future so don't rush and be careful on picking a team.

i don't understand about your statement regarding China planning to buy bitcoin? do you have reference about this? because right now, it is the opposite that is happening in China, they are cracking down on crypto and shutting down their miners. so i don't know where you get the news that China is buying it or you are just speculating here?
but as we can see, even if China is quite hard on crypto, btc is still trying to go up. which translates the fact that even big country like china, will not topple down the presence of btc.

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July 04, 2021, 11:46:38 PM
 #63

May and June weren't good for Bitcoin, and it's all thanks to China and the twitters of a certain man we all know who I'm talking about. now there's another theory about the bitcoin price drop:
 
Is Bitcoin in danger of losing $30K with Grayscale's big GBTC unlocking in two weeks?

I practically didn't understand anything, I prefer to continue with my theory that the twitters of a certain men and China are responsible for the price drop and we shouldn't have high expectations unless we see the price break $42000 something that can happen at any time as the price is currently at $35000

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July 06, 2021, 03:51:45 AM
 #64

     As  of this moment, bitcoin is priced $33500. It is really not in a good position unless it goes beyond $35700 price and maintains its position or closes at  or in a higher position. But since it is almost the weekend, I do not think we'll have that much of a rebound from here yet. And with the options news we can only guess if it will be giving bitcoin a good push or a huge pull downwards. Either way, October seems to be the best month for buying this year just like in the past years.
Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.
It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.
Patiently wait or do a sshort trade, Buy at support and sell at resistance. Been doing this for over a month and I've got a good profit by doing this formula strictly. I usually do DCA but this current condition which keeps ups and down is a bit stressful for DCA especially if you enter on wrong timing. Doing a low leverage like x3 max is a bit good too.  Wink

Thanks for the advice to make profit through short trades, but the current market is not easy to predict, especially altcoins movement is really
volatile. I tried several times short trades but failed, finally I decided to hold Bitcoin. And waiting for the market to recover, after all I'm not
the type of person who dares to take risks, so I avoid trading with leverage.

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July 06, 2021, 06:05:07 AM
 #65

     As  of this moment, bitcoin is priced $33500. It is really not in a good position unless it goes beyond $35700 price and maintains its position or closes at  or in a higher position. But since it is almost the weekend, I do not think we'll have that much of a rebound from here yet. And with the options news we can only guess if it will be giving bitcoin a good push or a huge pull downwards. Either way, October seems to be the best month for buying this year just like in the past years.
Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.
It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.
Patiently wait or do a sshort trade, Buy at support and sell at resistance. Been doing this for over a month and I've got a good profit by doing this formula strictly. I usually do DCA but this current condition which keeps ups and down is a bit stressful for DCA especially if you enter on wrong timing. Doing a low leverage like x3 max is a bit good too.  Wink

Thanks for the advice to make profit through short trades, but the current market is not easy to predict, especially altcoins movement is really
volatile. I tried several times short trades but failed, finally I decided to hold Bitcoin. And waiting for the market to recover, after all I'm not
the type of person who dares to take risks, so I avoid trading with leverage.
everyone has their own type. Basically trading must have expertise, so we don't mess around with fluctuations which can drain us psychologically. if you feel unable to trade short term, then I think investment is more suitable, and if you want to keep learning trading, of course using a little of capital I don't think it will disturb our psychology

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July 06, 2021, 03:26:00 PM
 #66

     As  of this moment, bitcoin is priced $33500. It is really not in a good position unless it goes beyond $35700 price and maintains its position or closes at  or in a higher position. But since it is almost the weekend, I do not think we'll have that much of a rebound from here yet. And with the options news we can only guess if it will be giving bitcoin a good push or a huge pull downwards. Either way, October seems to be the best month for buying this year just like in the past years.
Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side.
It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.
Patiently wait or do a sshort trade, Buy at support and sell at resistance. Been doing this for over a month and I've got a good profit by doing this formula strictly. I usually do DCA but this current condition which keeps ups and down is a bit stressful for DCA especially if you enter on wrong timing. Doing a low leverage like x3 max is a bit good too.  Wink

Thanks for the advice to make profit through short trades, but the current market is not easy to predict, especially altcoins movement is really
volatile. I tried several times short trades but failed, finally I decided to hold Bitcoin. And waiting for the market to recover, after all I'm not
the type of person who dares to take risks, so I avoid trading with leverage.
everyone has their own type. Basically trading must have expertise, so we don't mess around with fluctuations which can drain us psychologically. if you feel unable to trade short term, then I think investment is more suitable, and if you want to keep learning trading, of course using a little of capital I don't think it will disturb our psychology
in principle is to learn first which one maybe we can do well, because both are very good if done properly and seriously. although many may want to find safety, it is clear that the investment to be sought and there is no need to think about it again is just a matter of time, but it does drain the funds and time required.
if day trading is clearly very good if you are sure and want to continue to wrestle because it takes analysis and high patience in every time you will take action.

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July 09, 2021, 05:58:43 AM
 #67

It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still
have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there
has been no good news that can trigger the price of Bitcoin to rise,  hopefully in the near future there will be good news that will surprise us all.
For now there is nothing we can do but wait patiently.
Patiently wait or do a sshort trade, Buy at support and sell at resistance. Been doing this for over a month and I've got a good profit by doing this formula strictly. I usually do DCA but this current condition which keeps ups and down is a bit stressful for DCA especially if you enter on wrong timing. Doing a low leverage like x3 max is a bit good too.  Wink
Thanks for the advice to make profit through short trades, but the current market is not easy to predict, especially altcoins movement is really
volatile. I tried several times short trades but failed, finally I decided to hold Bitcoin. And waiting for the market to recover, after all I'm not
the type of person who dares to take risks, so I avoid trading with leverage.
everyone has their own type. Basically trading must have expertise, so we don't mess around with fluctuations which can drain us psychologically. if you feel unable to trade short term, then I think investment is more suitable, and if you want to keep learning trading, of course using a little of capital I don't think it will disturb our psychology

It's true that I do need a lot of practice to become a successful trader. Besides being able to train me so that I can avoid trading mistakes,
because I will be more experienced in reading coin price movements. I also with a lot of trading practice become psychologically trained,
this allows me to make the right decisions. I will try to practice with a small capital first according to your advice, hopefully I will become
a successful trader. But like I said my main focus remains as an investor.

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July 09, 2021, 06:25:10 AM
 #68

We are now  in the Bear marke.Because The Fed is expected to raise interest rates, and Chinese government continues to bun the exchanges.Bitcoin recover need a long time.
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July 09, 2021, 07:13:28 AM
 #69

BTC:
Breaking down to refresh the previous low point, the bottom of the daily level is a rebound signal of Hammer Yang K + Lianyang standard. In the short term, the rebound is expected to continue at the position near 36100, which is the position of the daily mid-track. So today, we will rebound first, and we are expected to enter. Field position 34800 this position.
hello sir, this is very interesting news, thank you for this notification sir, maybe I don't understand very well about speculation but maybe today I will monitor bitcoin developments from time to time

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July 19, 2021, 11:44:56 AM
 #70

Yes, it is showing signs of rebounding. Bitcoin is extremely volatile in nature and hence it will always have ups & downs.
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July 19, 2021, 12:42:04 PM
 #71

We are now  in the Bear marke.Because The Fed is expected to raise interest rates, and Chinese government continues to bun the exchanges.Bitcoin recover need a long time.
  its done bro so move on, for me probably the real reason of ups and down nowadays is because of being lack of support reason why it always fluctuate back when it show a small progress. And also for sure mostly traders as well is dumping just to have a small profits despite of the situation which is another reason why bitcoin growth rate cannot exceeding. For me if this will continue to happen, accept the fact that before this month end it will continue to show up and down constantly because of some bad activities when bitcoin is slowly going up.
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