Ranmal999 (OP)
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December 04, 2023, 04:35:41 PM |
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The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
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Alpha Marine
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December 07, 2023, 05:35:44 AM |
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True. Decisions should be made with all factors in mind. Just because the price seems bullish doesn't mean we should just make decisions without proper analysis. But for those planning or thinking of buying Bitcoin and holding it for a long time, I'd advise they buy it now. As you said, there's a possibility that there might be resistance at $41k - $42k (even though it's at $44k now), which means that could also be the lowest it would get, so it's better to just buy now instead of waiting and hoping for the price to drop because, in my opinion, it won't.
I don't think the Bitcoin price will go below $40k and this is me not being too optimistic. We're in a bull run that is heading towards events that would push the price up even further. The bitcoin spot ETF might have a positive effect on price but not as much as the next Bitcoin halving.
So for now, I guess it's okay to apply caution, but we should also be ready to take some calculated risk. As long as you risk what you can afford to lose you'll be good
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komisariatku
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December 07, 2023, 06:06:22 AM |
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Because the price has risen quite high, usually there will be a correction afterwards but so far there has been no correction and the price is still consistently rising. In my opinion, the DCA method can be done because there is a possibility that Bitcoin will continue to rise until it approaches 50k.
At times like this it is difficult to make choices, buy now afraid of a big correction, don't buy afraid of going up until it reaches a new ATH. Halvings and ETFs are big news that can affect market sentiment. However, we must be careful in making decisions and understand the risks we will face, DCA remains the best for now so that we do not miss this moment.
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Husires
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December 07, 2023, 08:08:28 AM |
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The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
This is not accurate, as breaking $43,860 and continuing to stay above this level will lead to us reaching the value of $50,000 easily, with correction levels at $48,700 in the worst case scenario. So far, the upward trend is prevailing, which is supported by indicators such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), which indicates that investors still believe that the price may move positively, so staying above the $43,860 is what will confirm this trend.
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Frankolala
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December 07, 2023, 08:26:39 AM |
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Waiting and watching the market is not the best thing to do right now, especially, if you don't have any bitcoin, but if you have been able to accumulate some significant amount, then you can watch the market and hodli you bitcoin because by now you will have made some profit and this will motivate you to wait till the bull run to see the new ATH price of bitcoin.
This is still a good time to buy because from the look of the news on bitcoin price, it will even trigger more people to start buying due to FOMO. We are close to the halving and after the halving is the bull run, that is why I see this as an opportunity to buy because we might not see bitcoin on the price again. Whoever did not buy now might not be able to buy again, because he will keep on seeing the price of bitcoin too high to buy. It is better to be a low coiner than a no coiner.
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huu78
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December 07, 2023, 09:53:39 AM |
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I saw someone posted on Twitter and said many traders went long at 44k and would be liquidated at 40k so I think BTC will still go down to 40k and then go up again, maybe he is using a paid feature to see data like that. and I saw he always entered with hundreds of thousands of dollars.
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Richkiedx
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December 07, 2023, 04:30:44 PM |
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Be ready for dump ♥️
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stomachgrowls
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December 07, 2023, 05:13:38 PM |
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Waiting and watching the market is not the best thing to do right now, especially, if you don't have any bitcoin, but if you have been able to accumulate some significant amount, then you can watch the market and hodli you bitcoin because by now you will have made some profit and this will motivate you to wait till the bull run to see the new ATH price of bitcoin.
This is still a good time to buy because from the look of the news on bitcoin price, it will even trigger more people to start buying due to FOMO. We are close to the halving and after the halving is the bull run, that is why I see this as an opportunity to buy because we might not see bitcoin on the price again. Whoever did not buy now might not be able to buy again, because he will keep on seeing the price of bitcoin too high to buy. It is better to be a low coiner than a no coiner.
This is what im really trying to avoid on which you would really be having that kind of behavior that you do often do make out some checks when it comes to price on which we know that the market is volatile on the first place on which means that there's no way that you could really be able to know on where it would really be heading next. If you are really that seeing Bitcoins potential and possibility of those huge spike in price in the future then its not bad to make out some decision on making some investment into it but just like been said that even just holding your assets here on crypto space would really be a touch challenge. When it comes to technical approach in regarding on the price, it isnt something that could be precise most of the time. There would into those people who are really that relying with those analysis and there are ones who would be skeptical. It would be just entirely be depending on how you would really be dealing up into this market. We can make our own analysis and on how we do really be that handling ourselves into this market.
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Xal0lex
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December 07, 2023, 06:35:04 PM |
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Be ready for dump ♥️
Bitcoin like any other valuable asset has volatility, so it has ups and downs. You should always be ready for a dump, IMHO. It can happen at any time. For example, I recently saw news that a lot of bitcoins are now being transferred to exchanges. So everything is quite possible.
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aylabadia05
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December 07, 2023, 07:45:23 PM |
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The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
$42,907 has occurred within 24h from $44,121. Correction is a reaction that is very likely to occur in Bitcoin market price conditions amidst a still strong upward trend but the level of correction is not that deep. The first week of December is exciting and we are looking forward to the closing price on the last day of the first week of December as the open price is trading at $43,788. Keep an eye on every level of the trader's routine and it is necessary in trading. For me, this is not the time to focus on trading, but specifically pay attention to how to own more Bitcoin in the portfolio.
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taufik123
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December 07, 2023, 08:36:57 PM |
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-snip- Keep an eye on every level of the trader's routine and it is necessary in trading. For me, this is not the time to focus on trading, but specifically pay attention to how to own more Bitcoin in the portfolio.
To have more Bitcoins in your portfolio, it is necessary to get ready to catch Bitcoins when the correction begins. Bitcoin's rise to $44k is now a sign that Bitcoin is saturated and overbought. A healthy chart is not with green candles alone, but there is a balance between rising and falling, hence a price correction is necessary for Bitcoin. There is still a chance before the new ATH is reached or reaches the last ATH at the price of $60k++. The more you have, the greater the potential profit you get.
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logfiles
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December 07, 2023, 10:49:55 PM |
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I saw someone posted on Twitter and said many traders went long at 44k and would be liquidated at 40k so I think BTC will still go down to 40k and then go up again, maybe he is using a paid feature to see data like that. In trading, everybody has an opinion of where they think the price might head to until it proves them wrong and I saw he always entered with hundreds of thousands of dollars.
Are you sure it's from his real account and not one of his demo accounts? Some of them like fooling followers and newbies with Demo accounts that have fake funds.
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Husires
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December 08, 2023, 10:43:36 AM |
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Be ready for dump ♥️
The longer the price continues above the $43,860 level, the possibility of a correction occurring will be very difficult and unlikely, and if it happens, it will be around $37,000, as this resistance level will turn into a support level from which the price may continue to bounce quickly for some time. Those who support the correction theory may try to say that the price has continued the upward wave for a long time, but it seems that we were under the real value of Bitcoin.
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Jegileman
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December 08, 2023, 11:16:20 AM |
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The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
Having a good analysis of the market before jumping into it is very good because it helps to manage your investment well and to control your profit and loss level. Many people don’t have the knowledge or how to analyse the market but they always make the right decision when entering the market. Your speculation could also be wrong but if you’re convinced beyond reasonable doubt, you can take the action you wish to take into the market. At the long time, it may or may not be as predicted by anyone. Everything here is about taking risk but having a calculated risk before entering the market is the best thing to do.
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aylabadia05
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December 08, 2023, 02:35:10 PM |
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-snip- Keep an eye on every level of the trader's routine and it is necessary in trading. For me, this is not the time to focus on trading, but specifically pay attention to how to own more Bitcoin in the portfolio.
To have more Bitcoins in your portfolio, it is necessary to get ready to catch Bitcoins when the correction begins. Bitcoin's rise to $44k is now a sign that Bitcoin is saturated and overbought. Very ready. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Capturing the moment of correction is the most effective moment to add and improve the portfolio. Saturation, yes. I think Bitcoin's rise is because of that too. A healthy chart is not with green candles alone, but there is a balance between rising and falling, hence a price correction is necessary for Bitcoin. There is still a chance before the new ATH is reached or reaches the last ATH at the price of $60k++. The more you have, the greater the potential profit you get.
I agree about the balance you mean. Regarding profits, it is always interesting and always on the mind of all of us who own Bitcoin. When there is only a little Bitcoin in the portfolio, it feels very little because the ATH is very close. What I'm afraid of is the inability to be patient when the price seems like a correction condition will not happen again. This doesn't apply to us, but to others it might.
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shawonngp
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December 08, 2023, 03:04:11 PM |
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This is still a good time to buy because from the look of the news on bitcoin price, it will even trigger more people to start buying due to FOMO. We are close to the halving and after the halving is the bull run, that is why I see this as an opportunity to buy because we might not see bitcoin on the price again. Whoever did not buy now might not be able to buy again, because he will keep on seeing the price of bitcoin too high to buy. It is better to be a low coiner than a no coiner.
YES! Still good time to buy Bitcoin and i think who peoples planning to keep store Bitcoin for coming halving they started to fill their bags. Also i'm buying Bitcoin and will hold until march 2024 but within this time Bitcoin can a little correction and chances to go below 40,000$ i think.
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taufik123
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December 08, 2023, 03:06:25 PM |
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-snip- Regarding profits, it is always interesting and always on the mind of all of us who own Bitcoin. When there is only a little Bitcoin in the portfolio, it feels very little because the ATH is very close. What I'm afraid of is the inability to be patient when the price seems like a correction condition will not happen again. This doesn't apply to us, but to others it might.
There must be a balance between a long-term strategy and a Bitcoin portfolio owned, if only a few Bitcoins are held it will not be worth the wait. Because long-term, there is no exact time how many years it will take to reach the price target to be achieved. The best way to overcome this is with DCA, so that the Bitcoin portfolio will continue to grow, albeit gradually. and patience is certainly the main thing that needs to be trained, for me, it will not be a problem as long as long-term investment uses money that is not used for other purposes, And confident that a new ATH will soon be achieved. We just need to follow the flow and have to stay afloat.
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Hamza2424
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December 08, 2023, 03:43:31 PM |
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The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
Hehe, the Analysis seems like already expired, also this topic doesn't belong to this section. The current market is trading above 44k and seems like there's no strong resistance level except the 48k range. I'm strongly hopeful to see the market ending above 50k by the end of the year. Hehe, I made a prediction many times in early 2023 that the yearly ending would be above 44k seems like I was right, hehe I know, anyone would have predicted it hehe but still I'm happy that my prediction on a long time frame was right. TBH now I think it better to not fall in fomo in a short time frame i was expecting a correction and the market also covered a small correction already.
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borovichok
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December 19, 2023, 11:05:15 PM |
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The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
Bitcoin can break the supply and demand zone but moving to $100k remained the top target next season but this year remain only few days. Money doesn't remain in a spot, it's meant for spending and buy whatever you find desirable, none of these really matters because at the end the day, results will be shared to the promising systems. Before showing or drawing our concerns, we ought to know how imperative these projects pumps and fails everyone in the system, th earlier you've used volatile to describe the market, everyone acknowledged ongoing activities in the market. One can only predicts the movement of Bitcoin and at the end of the day, bitcoin moves prior to one's predictable form.
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cryptomaniac_xxx
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December 20, 2023, 12:02:20 AM |
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The bitcoin is in a rally this week as it surpassed the 40k$ mark. But its safe to stay calm and analyse the market well rather that being fomo and taking risky and stupid decitions. There is a resistance at 41k$ - 42k$ mark. There can also be a correction again and also there is a CME gap at 40k$ mark. So keep an eye on those key levels and points. Manage your risks and money always.
Right, I think everyone is is managing their risk, specially at the end of the year. Last year though was very different, it was a full bear market and most likely the majority just keeps on a hard grind as it's hard to see the price going to the lowest $15k because of the FTX collapse. But this year, it's over, we have gotten over that news, sentiments are very bullish. And that $40k mark is still going to be our biggest support. We've seen the price almost going to $45k, but then again, speculators taking profits as the price is on the sideway pattern at $40k-$42k. Perhaps I will say that we should look long term though, at least in the next 2 years as it will be very bullish for us.
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