BTC & ETH Trends for the week

[slaman29]

It will be a very choppy month in my opinion. Even stock market is getting very choppy. Right now we are waiting on the inflation numbers and then we listen to the hints we get if the fed will raise rates or not.

If the numbers are not too far off from expected then we will just chop around. Unless we get a very low or high number which will make the fed either stop hiking or hike 75bps points or something crazy, then we will get wild swings.

However it might trade sideways until the end of Summer like 2018.

We say "even stock market" but aren't we going to admit it's "because stock market"?

All the past weeks of red candles is a mirror of stocks and Monday went to 31k was also the stock market revival, which didn't last dropping today and guess what, Bitcoin also dropped.

What I'm not happy is ETH dropping more than BTC. I thought whales were buying up.

[judaspriest]

When the month of June started, what I noticed also was that Bitcoin started to get strong above the $30,000, it keeps bouncing again and again if ever it is dropping or below. With the month of June candle closed above $30,000 I really believe that it month of June is bullish for me on Bitcoin and Ethereum, Ethereum is almost following the price action of Bitcoin now.

Early June we are still seeing bitcoin price bouncing off to believe that as long as Bitcoin is above $30K it will be fine. Anyway, this bounce pushed over $31K+ by the time I typed. So I'm pretty positive Bitcoin can provide quite a long boost before it finally faces another long bear season.

There doesn't seem to be anything to worry about the price of Bitcoin even though we really don't know what the future will be like,
maybe to be clearer, do research and analysis at any time, especially if the good news is related to crypto or not, it will greatly affect the market,
it's better to just follow the developments and hopefully nothing will happen

[BuNga_cute]

When the month of June started, what I noticed also was that Bitcoin started to get strong above the $30,000, it keeps bouncing again and again if ever it is dropping or below. With the month of June candle closed above $30,000 I really believe that it month of June is bullish for me on Bitcoin and Ethereum, Ethereum is almost following the price action of Bitcoin now.

Early June we are still seeing bitcoin price bouncing off to believe that as long as Bitcoin is above $30K it will be fine. Anyway, this bounce pushed over $31K+ by the time I typed. So I'm pretty positive Bitcoin can provide quite a long boost before it finally faces another long bear season.

There doesn't seem to be anything to worry about the price of Bitcoin even though we really don't know what the future will be like,
maybe to be clearer, do research and analysis at any time, especially if the good news is related to crypto or not, it will greatly affect the market,
it's better to just follow the developments and hopefully nothing will happen

We really don't have to worry about what happens to Bitcoin and Ethereum price movements. Because in my opinion these two coins are the best
in the crypto world, so I really believe Bitcoin and Ethereum have a bright future. Although the movement of the two looks sideaway, especially
the price of Bitcoin, which is still struggling to get above the $35k price. We still have to believe Bitcoin and Ethereum will be bullish in time and
can give us profit if we can be patient holding both of them. Like what you said, we really have to be patient following the development of Bitcoin
and Ethereum, by continuing to do research and analysis to be able to predict where the market will move. What is certain is that if there is
good news in the near future this can help the bull market faster. So hopefully entering the month of June there will be good news regarding crypto.

[The Author]

This week for Bitcoin

With a strong bullish engulfing candle on the 4H chart, Bitcoin has effectively broken out of the symmetrical triangle. It has also moved over the MA 100, indicating that it will continue to rise.
In my opinion, a retest of the 30K zone is needed to close the gap before going on to the 34K zone, where the MA100 is now located on the 1D chart.
It's too soon to foresee the result of this current week, yet in view of the ongoing move, this will be the principal green week, since we have continually tried the lows to get greater liquidity on the lookout, so a bullish move is logical.
In addition, the MFI (Money Flow Indicator) on the LTF (Lower Time Frames) has turned positive, indicating that money is coming back into the market.

I do not believe this is the week the op was referring to because I just checked the chart and BTC may have broken free from the 30k zone and is at 31.4k from my last analysis but I don't see it going towards the 34k mark atm
But, the week is not over yet as BTC may once again surprise us.  They're all cryptocurrencies after all

[lixer]

I got a lot at $133. Converted my all  Shitcoin to etherium. Eth is likely the future because of new Usecase. Eth and the Erc 20 tokens will long time remain coins. Maybe some countries can back their fiat with bitcoin , Etherium and Litecoin . I hope Etherium and BTC will remain in top always.

Nice that you still got a decent money out of your shitcoins but what about the fees, are you disregarding it? My guess is you also have paid close to 50 dollars and maybe higher than that if you sell different kinds. Im too unfortunate that my shitcoins didn't cost even 5 dollars but what would I expect, they are shit anyway but moving on, you did a good job there for choosing eth over the real shitcoin.

Don't know about that new use case you are talking about. Did I miss something? I don't think so, I am active here in this space but that is true that eth is the future of money together with btc. Don't worry, btc and eth will always remain at the top. No other coins can shake them.

[ninis45]

maybe for ethereum will experience a few pumps this month because the implementation of ETH 2.0 will have started to be released and this will have a positive impact on the price although it may not be significant due to the influence of the market at this time
but it never hurts to take the opportunity to get a moment of profit in short-term trading

[Wildwest]

The movement of bitcoin and ethereum at the moment we can say is very stable, because after an increase of only a few percent then they again fell, and they seem to be fighting back to be able to reach the highest value as has ever happened, so it is not surprising that currently only these two coins are the mainstay of investors and half of them have just chosen other altcoins that do have potential, and they abandoned meme coins for some reason.

[slaman29]

The movement of bitcoin and ethereum at the moment we can say is very stable, because after an increase of only a few percent then they again fell, and they seem to be fighting back to be able to reach the highest value as has ever happened, so it is not surprising that currently only these two coins are the mainstay of investors and half of them have just chosen other altcoins that do have potential, and they abandoned meme coins for some reason.

- stable? I don't call moving to 32k and falling down to 29k in the same day stable (that's like 10% movement man) same for ETH. Still highly volatile. Though probably still more stable than stablecoins like UST losing 60% in the same time lol

- Abandoned meme coins for a reason? Was there ever a good reason for not abandoning them?  

[kesmex]

The movement of bitcoin and ethereum at the moment we can say is very stable, because after an increase of only a few percent then they again fell, and they seem to be fighting back to be able to reach the highest value as has ever happened, so it is not surprising that currently only these two coins are the mainstay of investors and half of them have just chosen other altcoins that do have potential, and they abandoned meme coins for some reason.

leaving the meme coin when the market is bearish is a good thing and right, because if you don't,
then you will experience LOSE -100%, look at coinmarketcap!, many meme coin is SCAM and left by the developer,
yes that's the characteristic of meme coin, without developer and without fundamentals.

[bestcoins1]

leaving the meme coin when the market is bearish is a good thing and right, because if you don't,
then you will experience LOSE -100%, look at coinmarketcap!, many meme coin is SCAM and left by the developer,
yes that's the characteristic of meme coin, without developer and without fundamentals.

Meme coin is a token that can only be good for a moment so everyone can better forget about it at any time than having to risk with any meme under any market conditions because those who have been profitable with meme coins are an example of luck alone not because of the meme factor its good or strong in the market and I think what you are describing is very clear.

[peter0425]

When the month of June started, what I noticed also was that Bitcoin started to get strong above the $30,000, it keeps bouncing again and again if ever it is dropping or below. With the month of June candle closed above $30,000 I really believe that it month of June is bullish for me on Bitcoin and Ethereum, Ethereum is almost following the price action of Bitcoin now.

Early June we are still seeing bitcoin price bouncing off to believe that as long as Bitcoin is above $30K it will be fine. Anyway, this bounce pushed over $31K+ by the time I typed. So I'm pretty positive Bitcoin can provide quite a long boost before it finally faces another long bear season.

There doesn't seem to be anything to worry about the price of Bitcoin even though we really don't know what the future will be like,
maybe to be clearer, do research and analysis at any time, especially if the good news is related to crypto or not, it will greatly affect the market,
it's better to just follow the developments and hopefully nothing will happen

actually we know what is the future be like , the problem is most of us cannot wait enough for that time and always seeking for income , they does not even understand the meaning of volatile market.
Bitcoin always climb we all knew that, though it takes time and sometime it even years but surely it will recovered as we are there since the beginning and until now the market is here for us, I may have regret for learning this market late, but at least I know where i stand now and what I am waiting for.

[Desscount]

it's the weekend, and I think this weekend will be more interesting and more decisive,
because look through coinmarketcap or if you can read TA open Trading View and currently Bitcoin price is really at support price,
Weekend is always much higher volatile, manipulation also happens often, so we all have to really monitor it,
because if you miss it then you will see a Bitcoin dump of up to -15% maybe

[Fakhrulenclix]

it's the weekend, and I think this weekend will be more interesting and more decisive,
because look through coinmarketcap or if you can read TA open Trading View and currently Bitcoin price is really at support price,
Weekend is always much higher volatile, manipulation also happens often, so we all have to really monitor it,
because if you miss it then you will see a Bitcoin dump of up to -15% maybe

I didn't want there to be a 15% drop but the Crypto market conditions this weekend were totally beyond expectation, Bitcoin continues to fall to this day and the trend is also being followed by several other Altcoins like ETH. it looks like if this continues for a few days it will be very difficult for Bitcoin and other altcoins to recover anytime soon.
maybe I think this is also the right time to invest without waiting for a deeper correction.

[wmaurik]

I didn't want there to be a 15% drop but the Crypto market conditions this weekend were totally beyond expectation, Bitcoin continues to fall to this day and the trend is also being followed by several other Altcoins like ETH. it looks like if this continues for a few days it will be very difficult for Bitcoin and other altcoins to recover anytime soon.
maybe I think this is also the right time to invest without waiting for a deeper correction.

Everyone's courage is always different so for now only really brave people will make investments in Bitcoin and some altcoins and also want to understand the risks, because getting the best coins at low prices is the dream of brave traders and investors. because they are often profitable when the market turns to Bull in an indefinite period of time.

[monineklutak]

I didn't want there to be a 15% drop but the Crypto market conditions this weekend were totally beyond expectation, Bitcoin continues to fall to this day and the trend is also being followed by several other Altcoins like ETH. it looks like if this continues for a few days it will be very difficult for Bitcoin and other altcoins to recover anytime soon.
maybe I think this is also the right time to invest without waiting for a deeper correction.

Everyone's courage is always different so for now only really brave people will make investments in Bitcoin and some altcoins and also want to understand the risks, because getting the best coins at low prices is the dream of brave traders and investors. because they are often profitable when the market turns to Bull in an indefinite period of time.

I think they know what to do and investing in Bitcoin and other altcoins is the right choice,
Of course it all also can not be separated from a lot of experience,
The most important thing is that before making any decisions, we must know the risks

[Desscount]

this week is coming to an end, and the price of Bitcoin is still above $28k, indeed it was under $28k but has already bounced,
if the Bitcoin price for closing this weekend is below $28k I'm sure $20k to $22k will be achieved, so trade with caution.

[Republikcoin.com]

this week is coming to an end, and the price of Bitcoin is still above $28k, indeed it was under $28k but has already bounced,
if the Bitcoin price for closing this weekend is below $28k I'm sure $20k to $22k will be achieved, so trade with caution.

Now the price of Bitcoin is at $23k and is very close to the price you said it will be, I think it will be too because since early April after a slight increase in price, Bitcoin has continued to decline until now so this is something that needs to be looked at everyone because the effects of Bitcoin's decline are still huge for all the altcoins on the market.

[tygeade]

Now the price of Bitcoin is at $23k and is very close to the price you said it will be, I think it will be too because since early April after a slight increase in price, Bitcoin has continued to decline until now so this is something that needs to be looked at everyone because the effects of Bitcoin's decline are still huge for all the altcoins on the market.

Which is a proof that even when we are awaiting for it to go up, there is room for it to go down and that's fine, we could always be wrong and that is fine, there is nothing wrong with that. I personally feel like we shouldn't really focus on how we could make something out of nothing, we should be doing something with this.

I believe that we would definitely not be doing a major detail on crypto and find the exact reason why it goes up or down, we can't find that. But when we wait for it to go up, and recovering a bit, we can see it cashing down hard, or vice versa could happen as well. This is why I believe it should not be really "expected" to do anything.

[rodskee]

Lets not spam the forum guys, Asking for the trend per week? so this means each week we will be having this kind of thread?

While I know that we are in the Bearish trend now , yet I don't see something that we must tackle each time , instead why not ask for at least quarterly?



But going back to the question? We will be having a bad week not only for these 2 coins but for the whole market instead.

this week is coming to an end, and the price of Bitcoin is still above $28k, indeed it was under $28k but has already bounced,
if the Bitcoin price for closing this weekend is below $28k I'm sure $20k to $22k will be achieved, so trade with caution.

yeah and it  does ,  now the price is https://coinmarketcap.com/currencies/bitcoin/ 21k still but there are many chances to fall on this part and 20k? maybe lower on this part .

[ninis45]

this week is coming to an end, and the price of Bitcoin is still above $28k, indeed it was under $28k but has already bounced,
if the Bitcoin price for closing this weekend is below $28k I'm sure $20k to $22k will be achieved, so trade with caution.

the strongest price line is 28K$ and if this doesn't hold then demand the next week's possibility is 20K$ and here we have to be careful because the market may continue to fall and if we believe we can sell and buy back when the market reaches 20K$ and if you are not sure then holding it is the way to win