Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: ayatoslaw on April 08, 2019, 10:36:22 AM
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I have no intention of doing FOMO,
but I want to share my little analysis of BTC,
(https://i.imgur.com/IKnnPz8.png)
if we look at the position of the BTCUSD chart on TF 1D, BTC has made a lot of support and has also experienced a golden cross, and this indicates that the trend of BTC has begun,
but I'm still careful because a bear trap will usually occur before BTC continues its Trend up,
what do you think about this?
I'm sure everyone has their own opinions,
but I just want to share my little analysis and hope to have a small discussion in the comments column,
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I feel the same... though I think the reliable support is between $4,200-$4,400 as opposed to $4,800. However if we go further (RSI) oversold to $5.5-6K then I can see how $4.8K could act as support in the near future, if the moving averages have enough time to catch up, baring in mind the 20 Day MA hasn't moved above $4.4K yet. But overall I find this scenario unlikely personally, the RSI is the most oversold it has been (still) since December 2017...
Bare in mind a long-term bull-cross (50 and 100 Day MA bullish cross) indicates a long-term trend change, it has no relationship to the short-term price (for this you need shorter MAs or alternative time frames). For example the price could drop for for months down to $4K and the bullish cross would still be valid in the long-term context. It's also usual for price to test the MA supports in the short-term after a long-term trend change, as it did in 2015 too.
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Yes, it should be a warning for us. We must be careful of the bearish trap even if Bitcoin is increasing now. But I see the increase quite constant and looks good. However, because there is no guarantee in crypto world, we must be careful. Positive trend or bad trend can happen suddenly, so we must be aware of and prepare our selves.
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Total agree after a nice run going to 4000$ to 5200, a corrections is inevitable,people are taking profit.I believe when the price will be 6500 the we can say the bull market start.
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The increase of Bitcoin recently is very surprising. In only a few days, it has a big increase but now it is lowering again. Actually, I know that Bitcoin is still progressing, however, once more, be careful and never follow the fomo as you like.
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Total agree after a nice run going to 4000$ to 5200, a corrections is inevitable,people are taking profit.I believe when the price will be 6500 the we can say the bull market start.
Why $6,500?
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It been very obvious that Btc has failed so many analysis with various charts so far used in recent years and i think this will be the same wrong analysis charts indication of prices.
It is extremely difficult to get the any analysis or call it predictions of Bitc, i just think that we should be looking foward for a total bull run the end of this year.
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indeed it is true that we must always be careful in bitcoin trading and when prices rise will suddenly experience price declines.
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Total agree after a nice run going to 4000$ to 5200, a corrections is inevitable,people are taking profit.I believe when the price will be 6500 the we can say the bull market start.
is it not too high at 6500 $ it can be said that the bitcoin market is starting to rise? I think 6000 $ is enough to say the market is starting to rise for bitcoin
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Actually I don't understand by describing the words for trading and I understand better by working alone without looking at the graph.
It only takes a few tricks to make a profit, and I don't understand what Golden Cross or Silver Cross is. LOL
Salaam Youtuber Indonesia (http://www.youtube.com/channel/UCL2r4_BtmIYTn6DjTZsQjRA/videos)
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So far, Bitcoin has experienced a surprising graphic on the market. The volatility is clear enough from day to day.
At this time, the increasing price of BTC is seen clearly and we can read a little bit the graphic of the market analysis. The trending of Bitcoin to up is still increasing, I believe that this coin can reach a higher price again week per week.
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It ought to be a notice for us. We should be cautious about the bearish snare regardless of whether Bitcoin is expanding now. In any case, I see the expansion very consistent and looks great. Notwithstanding, in light of the fact that there is no assurance in crypto world, we should be cautious.
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but I want to share my little analysis of BTC,
That is your judgment and it also will not give effect to other Bitcoin traders.
I also only see the graph is just normal writing because the usual Bitcoin effect that is felt is when there are so many Bitcoin transactions in 1 wallet.
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This is a mere market correction which was caused by some negative FUDs, BitFinex, and Tether (USDT) drama. if not because of that I think the bitcoin price would've surpassed $6000 by now.
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This trap seems to be very big and can occurring in a long range of price, this down could make Bitcoin drop even deeper but it’s also showing strong support at $5,100 line, so this line should be a safe place for us
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Yeah, So true. One thing to worry about at the bear market is a large number of price traps in the market that has been made in such a way as to make small investors tired and trapped. In this case, whatever happens, whether the price of Bitcoin increases or decreases, we must be more cautious and wise in responding. Always prioritize analysis compared to just following what people say.
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For mid term Bitcoin has break out of the temporaly downtrend line, but for long term, it still in a bigger downtrend line that was formed at $5,900 and will be a hard resistance for Bitcoin in the next week
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Casting back our analysis to the events that preceded the December, 2018 bull trend, it was clear that BTC did not have an all upward movement before it was confirmed a bull market. There were periods were BTC had drop in price although it was making gradual increment in price. I'm quite optimistic about the current trend of BTC although there is no guarantee since it is a free market.
From the beginning of the year 2019, BTC has shown impressive resistance to the bear market and to say for about 5 months, if there to be any bear trap, it should have been activated or it should have shown some signs along the way.
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There has been lots of price analysis about bitcoin, different explanation of charts and they all somehow end up failing because bitcoin has no respect of who is talking/writing good/bad about it. The next trending/bull run of bitcoin, in my own opinion is that the more supporters, investors and mass adoption grows, so will the price move. Due to FOMO, most investors pulled out their crypto, and same thing from the whales, which gave room for this long term bear market, and now we are recovering on the slow move, so, whatever happenings now (if its negative, we are still in the bear market, or if its positive, we are expecting the bull run), doesn't mean, but we all want the bull run to start.
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Just last evening, the price of the BTC is rising up and the market is changing at a very short time. We can see that the progress of this coin is very high, the volume and cycle graphic shows the high progress. However, I also think that we need to be careful. It may be a trap for the careless people. But, be positive thinking that BTC will really enter the bullrun.
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to have a lot of good information and analysis takes a very long time, BTC price increases can be analyzed but cannot be predicted quickly, because no one knows that BTC will reach $20k in 2017, BTC price movements are very fast and altcoin also follows the trend is increasing rapidly. now BTC is above $5600 and I think the downward trend in prices will remain at $5,200 this month.
The most important thing is, always look at the market situation to avoid substantial losses