All Eyes On Bitcoin’s Monthly Close

[justdimin]

It will only make us stressed and make wrong decisions if we think too much about other people's predictions,  which are not necessarily accurate predictions of others. We just focus on the results of our own research and analysis, because in the crypto world the most trustworthy are ourselves. It doesn't matter if our predictions are wrong and it turns out that Bitcoin has dropped to the price of $10k, we don't panic if that happens.

Sometimes it's normal for Bitcoin to move differently from our expectations. We only need to hold the Bitcoin we have until the price recovers and rises again, because if we study the history of Bitcoin movement, we will know the fact that every time the price of Bitcoin falls, it can always bounce back to a much higher price. The most important thing is never to sell the Bitcoin that we have at a low price, as long as we have not sold the Bitcoin that we have, even though the price is down, we haven't lost. But based on my analysis, it doesn't look like Bitcoin will drop below $18k, this means that buying Bitcoin at the current price includes buying Bitcoin at a low price.

Yes, if we keep trusting what others are doing then we are going to end up being unhappy about it at all times. It's wiser to make sure that we end up with something of our own, that way we could end up with a good return and if we ever make a mistake then we could learn from our mistakes as well and make a better return.

This is something that could be improved upon, it could be something that we could perfect in the long run, that is why it's much more important to make a change in the person trading with learning at the same time, and study. If we just get the results from someone else, if they are wrong, we can't help them get better for the next time.

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[dark1234]

it is undeniable that September is the month of more declines and price speculation from some traders which makes someone trapped in it, maybe sometimes we have to have principles and be smarter in trading so that we are not affected

, that is why it's much more important to make a change in the person trading with learning at the same time, and study. If we just get the results from someone else, if they are wrong, we can't help them get better for the next time.

with an experience from the trading journey from the start, we will be able to find a more valuable direction because it is our path and decisions that determine

[sayaya17]

it is undeniable that September is the month of more declines and price speculation from some traders which makes someone trapped in it, maybe sometimes we have to have principles and be smarter in trading so that we are not affected

, that is why it's much more important to make a change in the person trading with learning at the same time, and study. If we just get the results from someone else, if they are wrong, we can't help them get better for the next time.

with an experience from the trading journey from the start, we will be able to find a more valuable direction because it is our path and decisions that determine

Bitcoin's performance in September was disappointing, I saw more Bitcoin dropping below $20k. Even now Bitcoin is still at $19k, which seems
very difficult for Bitcoin price to go back above $20k. I hope that later in October Bitcoin's performance will improve and can rise to the price of $30k,
especially near the end of the year Bitcoin prices usually go up. So it's very lucky if we take advantage of this September by buying more Bitcoins.

We can learn from previous Bitcoin movements, where buying Bitcoin at low prices is very profitable, because no matter how deep the Bitcoin price falls,
it is certain that the Bitcoin price will recover again and will rise to a higher price. So don't be influenced by the opinion of people who are pessimistic
about the future of Bitcoin, because if we want to be successful in the crypto world, don't be easily influenced by other people's opinions which are
not necessarily accurate. We have to start doing our own research and analysis to determine the decisions we make, because in my opinion only
ourselves can be trusted in the crypto world.

[GeorgeJohn]

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin, some bitcoin can only get accelerate when the demands is higher than the supply, making a gesture that the price will experience a bullish December, i think it's bad. Because i believe that increase when the market is full of demands.

[Mpamaegbu]

Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin

Except for mischief makers, I'm not sure most of those who give contrary analyses do so intensionally. We've to take into cognizance the fact that trading is highly a speculative profession and as such predictions can go either way from what it's expected to do.

On the topic at hand, I've not really taken out time to monitor monthly close of Bitcoin. Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.

[fzkto]

Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin

Except for mischief makers, I'm not sure most of those who give contrary analyses do so intensionally. We've to take into cognizance the fact that trading is highly a speculative profession and as such predictions can go either way from what it's expected to do.

On the topic at hand, I've not really taken out time to monitor monthly close of Bitcoin. Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.

Monthly candle closes can also attract many traders if the candle is green. It doesn't really matter how the price moves right now. This can be clearly seen on today's chart, where the pump and dump happened. The same can happen on a longer timeframe as well. Even the current monthly candle might close below the previous bottom, then waiting for the next candle will become even more intriguing. Personally, I think October will be positive, but manipulations like today's will knock weak investors out of the market.

[GeorgeJohn]

Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.

That's while we have to scrutinized and know the aspect we are good at, because of lost. But from my observation and perspective towards trading, i note that trading has more of risk factor than purchasing any cryptocurrency and hold. Because the risk in trading involve a mistake and each of the mistake can take away all the funds you generate for one year, so it's very better to purchase and hold and if the market is not encouraging you can convert to stable coin.

[kapalmabur]

Bitcoin support according to the chart is at a price of $ 17.5 to $ 18k and currently Bitcoin is able to hold on,
of course this is a good sign because this month is coming to an end and only a few hours left,
if Bitcoin price is still above support until the end of September, I'm sure bitcoin will rebound in October.

[justdimin]

Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin

Except for mischief makers, I'm not sure most of those who give contrary analyses do so intensionally. We've to take into cognizance the fact that trading is highly a speculative profession and as such predictions can go either way from what it's expected to do.

On the topic at hand, I've not really taken out time to monitor monthly close of Bitcoin. Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.

It is obviously a speculative thing but when you have little knowledge about how it works and you share your ideas anyway, that means you are doing that purposefully and you want to be right but you know that there is a good chance that you could be wrong. Sharing your speculations comes with a responsibility and that mean people will read it and even if one person is convinced because of it, then you are taking the responsibility of that persons profits or losses.

I know that people could get away with it saying "I just shared my opinion" but it's still unethical if you have no idea how any of this works. If you are a veteran who knows what they are saying and still fail that's fine, it's the newbies who make up stuff from their gut feeling that is the problem.

[Dave1]

Bitcoin's performance in September was disappointing,

For many, there was no particular disappointment. September has historically often been a bad month for bitcoin, so it was definitely not worth waiting for some supernatural events in the bitcoin market. If bitcoin goes below $17,000 in October, then you can forget about $30,000 for a while. Investors will be begging for bitcoin to return to the $20,000 mark. Few wanted to believe at the end of last year that Bitcoin would almost always be in the red in 2022. Now the market is giving them a good opportunity to admit they were wrong.

Well what do you expect, we are in a bear market so I will say that maybe we should expect this kind of movement?
$20k is still our biggest hurdle now, but looking at the price at the end of the month, around $19,400? might be a good indication that we can touch it maybe in October.

People often do not admit to their faults, but it's obvious that it's taking a toll to investor, specially newbies who think that bear market is really that bad but if you look at it closely, this is the time to accumulate.

[slaman29]

Bitcoin's performance in September was disappointing,

For many, there was no particular disappointment. September has historically often been a bad month for bitcoin, so it was definitely not worth waiting for some supernatural events in the bitcoin market. If bitcoin goes below $17,000 in October, then you can forget about $30,000 for a while. Investors will be begging for bitcoin to return to the $20,000 mark. Few wanted to believe at the end of last year that Bitcoin would almost always be in the red in 2022. Now the market is giving them a good opportunity to admit they were wrong.

Indeed, only disappointing if you had expected a rally above $22000, knowing that the world is falling apart, war is getting more, new wars are becoming bigger threats, prices of goods and supply are all rising and recession is coming.

Bitcoin by now we should all realize isn't the asset to go rising sky high when the world is in crisis even it is an asset that won't disappear to zero unlike many other fiats.

I don't know why people keep letting themselves get disappointed

[Kemarit]

Bitcoin's performance in September was disappointing,

For many, there was no particular disappointment. September has historically often been a bad month for bitcoin, so it was definitely not worth waiting for some supernatural events in the bitcoin market. If bitcoin goes below $17,000 in October, then you can forget about $30,000 for a while. Investors will be begging for bitcoin to return to the $20,000 mark. Few wanted to believe at the end of last year that Bitcoin would almost always be in the red in 2022. Now the market is giving them a good opportunity to admit they were wrong.

Indeed, only disappointing if you had expected a rally above $22000, knowing that the world is falling apart, war is getting more, new wars are becoming bigger threats, prices of goods and supply are all rising and recession is coming.

Bitcoin by now we should all realize isn't the asset to go rising sky high when the world is in crisis even it is an asset that won't disappear to zero unlike many other fiats.

I don't know why people keep letting themselves get disappointed

That's just one part of the equation, you let your self disappointed in this market, and if so, what will be your plan B? for sure there's none for them. They are going to be disappointed though, as the market is going to fall because of the world recession, not just us, but other markets like stocks, which shows that we are interconnected after all. So once those investors got disappointed, they can't just say that they will shift to others because everything is going down.

And the best thing to do is to really choose whether stocks or bitcoin as our vehicle to get out of the current world situation. And for us, it's easy choice, we better stick with Bitcoin and wait till the next bull run.

[ethereumhunter]

Well what do you expect, we are in a bear market so I will say that maybe we should expect this kind of movement?
$20k is still our biggest hurdle now, but looking at the price at the end of the month, around $19,400? might be a good indication that we can touch it maybe in October.

People often do not admit to their faults, but it's obvious that it's taking a toll to investor, specially newbies who think that bear market is really that bad but if you look at it closely, this is the time to accumulate.

Either way, the price is sure to get back to $20k later, whether it's in October or next month. A beginner should be able to learn to analyze the movement of bitcoin so that he can decide when to buy, especially if he decides to become an investor so he can find the right time to buy. Indeed we are still in a bear market but that doesn't mean we can't profit because as long as the price is still up and down, we can still try to make a profit. But it will not be easy and this is where it is necessary to analyze the movement before we decide.

[Joshapat]

Bitcoin is the most popular cryptocurrencies so that the easy thing to know the market conditions is from the price of Bitcoin, the presence of stable coins that continue to grow and are now the most couples in trading do not make the position of Bitcoin reduced, Bitcoin's profits are the largest community support.

[Fortify]

As of this video we have 8 hours left in the month. If we close near $20k the trend is projecting a significant drop in September. The good news is that this should be the last one. The last one is the most emotional though so I’m expecting long wicks and lots of liquidations for those that haven’t done their risk management properly. Buckle up since when September is in the books things will start getting fun for years to come.

Posting 8 hours before the end of the month and somehow expecting big movements to happen? Seems a little bit silly to me. At the very least it will happen in the full 24 hour cycle including the last day of the month - as your "last 8 hours" is different from the last 8 hours in Zimbabwe and the last 8 hours in Shanghai. Cryptocurrency in general is extremely volatile compared to say the stock market, where traders are making judgements on what will happen weeks or months ahead because shorter time frames are simply too erratic to be profitable. It seems that Bitcoin is settled for now, but as more bad news starts to come out in relation to recession then it might continue to trend downwards albeit at a slower pace.

[slaman29]

I don't know why people keep letting themselves get disappointed

That's just one part of the equation, you let your self disappointed in this market, and if so, what will be your plan B? for sure there's none for them. They are going to be disappointed though, as the market is going to fall because of the world recession, not just us, but other markets like stocks, which shows that we are interconnected after all. So once those investors got disappointed, they can't just say that they will shift to others because everything is going down.

I don't know but most traders I come across, or rather I would say close to all of them, they all think they have Plan B but none of them really want to seriously think about it. It's as if they enter markets, with full knowledge that majority of people lose money (regardless bull or bear) and then they still get surprised when they become part of the majority.

Trading without stops, without limits, it's all a sign of no real thought for Plan B.

[slaman29]

Trading without stops, without limits, it's all a sign of no real thought for Plan B.

If we are talking about trading in the spot market, about trading in deflationary assets and this trading is not short-term, then why use stops at all? For example, if you are trading bitcoin on the spot and you have medium and long term trading, then it is more efficient to use the DCA strategy, and not sell bitcoins at a loss on a stop, since even in the bullish phase, bitcoin is characterized by increased volatility and it can easily lose half of the value in order to then grow even more. I have been trading bitcoin for 4 years (until 2022) and never put these stops because I used the strategy of averaging my positions. It seemed to me much more effective than placing stops, especially when they are in the high-risk zone, 10-50% of the opening price of the transaction. Such stops can fly off at any time, but the market trend will not change. This is the main disadvantage of stop losses when trading bitcoin.

I'm talking about people who're trading, not a single one of them are long term, this is my point.

How long do your trades last? If it's days or weeks or months like what I'm referring to, it's not long term right? Surely you have targets for every trade, do you not? Target for max loss, target for required profit.

And I don't never heard before what you're doing. DCA on an exchange, and as part of a trade? DCA is for long term, own wallet buys, or so I always thought!

[Chato1977]

As of this video we have 8 hours left in the month. If we close near $20k the trend is projecting a significant drop in September. The good news is that this should be the last one. The last one is the most emotional though so I’m expecting long wicks and lots of liquidations for those that haven’t done their risk management properly. Buckle up since when September is in the books things will start getting fun for years to come.

https://youtu.be/w6bk4SQuiPU

Yes we have a significant drop last September but not as bad as we expected and also the growth seems to be going now as the 1st week of Octobers ends now ? and besides this is the Last quarter so  basically there are more coming from this point either this month or the next 2 remaining?

I don't know what to expect but one thing I'm sure there will be changes this next months.

[globalpain]

All eyes will certainly wait for the monthly closure of Bitcoin prices, this is because at this time Bitcoin is an asset that will continue to be monitored because the price is very fluctuating, besides that of course to see the market conditions in general whether red or green then we can from the position of Bitcoin prices.

september is over and october is in hand, historically the price of bitcoin has always been bullish this month,
so i don't need to worry about how bitcoin will run this month,
because in september bitcoin has experienced a prolonged bearish so it's time to be bullish in october, keep hold!.

[slaman29]

And I don't never heard before what you're doing. DCA on an exchange, and as part of a trade? DCA is for long term, own wallet buys, or so I always thought!

The meaning of the averaging strategy was that having a deposit and only 1-1.5% of the deposit to enter a deal, I used the rest of the deposit to secure this deal and possible averaging if the price starts to fall sharply, breaking through the next support level.

As a result, I very rarely closed negative trades, but sometimes I sat in a negative trade for a long time, waiting for the price to bounce. But the price does not always reach the previous levels when bouncing, so I averaged my position, thereby lowering my entry point into the trade so that it was below the nearest resistance level. Thus, when the price reached this value, I always exited the trade to breakeven, though sometimes I had to wait 10-14 days for the price to return to the values ​​you need. But a breakeven is still better than a loss. Therefore, I always prefer to wait and not rush to close losing trades.

That's new to me, honestly, and it sounds like a really sound strategy for making sure your exposure is not overly big, I commend you on that.

I always see DCA as just buying non stop to hold for very very long time but this averaging is repetitive and constant, almost like betting an entire football game to lock in the value while hedging every outcome as it happens.

Good luck and yes, break even is better than loss (except the loss of time).