BTC fell back to around 6200 again

Discussion in 'Bitcoin (BTC)' started by cortanababy, Sep 15, 2018.

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  1. cortanababy

    cortanababy Buys the dips

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    During the weekend, BTC price continued to maintain the long and short sawing trend of several trading days after last week. Although it fell below the 6300 line and hit the 6100 integer, it failed to form a further break. After a period of 6100, it took a while. Start a quick rebound, quickly retracted to the vicinity of the 6400 integer mark and then fell back again, and this morning, a wave of rapid callbacks, and then fell back to the nearest 6200 integer



    The market performance of this narrow range of shocks shows that the btc market has not yet completed a new round of direction selection. After a wave of sharp declines in the middle of last week, the short-term trend of the market turned short, due to the fact that in recent trading days, the market has not been able to give Effective rebound performance, so it is not possible to complete the judgment that the market has reversed the decline due to the temporary volatility.



    For short-term trading follow-up, multiple orders are still in the category of “contrarians” and need to be handled with caution. At the same time, considering the strength of the mid-line support near 6000, the value of the current position directly chasing the air is also limited. Therefore, in the short-term trading, the idea of chasing after the position of waiting for the break last week can still be used.



    In terms of specific points, bitcoin currency, the previous 6300 breaks the first time and chasing the short position has left the scene near 6100 and temporarily stays on the sidelines. If there are still remaining positions, the stop loss can be adjusted to the 6400-6450 area to continue holding. The target is still 6100- 6000 area. In terms of the new opening position, the 6000 integer was further broken below the previous low of 5800. After the 5800 confirmed the break, it was recommended to do a slight position to chase. On the other hand, it is still recommended to wait at least 6640 to confirm the recovery and then intervene. The so-called low-level thinking is not considered in the short-term market sentiment.
     
  2. CryptoTC

    CryptoTC Crypto Fat Cat
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    Trading ranges have been narrow for 3 months now. I believe markets have found their bottoms, but I would love to see some good upward bitcoin price movement in the final quarter of 2018.

    @Old Man Crypto Are you still around? What say ye about crypto prices to wind out the year?
     
  3. Old Man Crypto

    Old Man Crypto Expert chainblocker

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    Retired, can’t remember from what.
    One step ahead
    Haven’t been around much or really keeping up with crypto much. Like you said not much price movement or even big news to keep up with. I think the next bitcoin rally is further away than 2018. Don’t know when or how much prices go up, but think eventually we’ll get back up.

    Boring last 6 months in bitcoin really.
     
  4. BitFit

    BitFit Ready to fork

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    I’m still holding out hope for $10k by end of year. Looking less likely. Where’s all the big investors that were planning on moving in? There’s not much happening in crypto or bitcoin anymore.
     
  5. CryptoTC

    CryptoTC Crypto Fat Cat
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    Patience, old man. Which I know you have based on prior posts about investment experience. Winners look at the long game. Maybe rebalance and take some losses for tax purposes and those losers out of your portfolio. Then sit back and see what 2020 and beyond bring.

    Hang in for the long term. If you got into the space due to an underlying beliefs in the technology and its value, it’s worth sticking around a]for a few years. Early 2018 burned a lot of people because late 2017 got way out of control. Balance will be restored. Stick with quality, and you should see more good returns over time.
     
  6. kventin.upgrade

    kventin.upgrade Hodls on dips

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    On April 2, bitcoin took off abruptly and began to cost $ 5,000. I would like to know: who opened a long position and what will happen next?

    What tools have helped you determine this movement?
     
  7. BitFit

    BitFit Ready to fork

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    I haven’t been around here for awhile. I haven’t taken any new positions in Bitcoin but I also haven’t sold in over a year. Happy to see some new activity in the market prices.

    Also looks like this site is growing a little but slowly. Price decline take away everyone’s interest in talking about crypto? Glad to see this is still here. I hate reddit. So much BS. Hope this site can expand. Hope to see more activity in the premium sections too.
     
    kventin.upgrade likes this.
  8. CryptoTC

    CryptoTC Crypto Fat Cat
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    Looks like we’ll celebrating “bitcoin gets back up to $6200 today” soon. Welcome back. Maybe you’re here for a good showing over the rest of 2019. It’s starting off like 2017.
     
    kventin.upgrade likes this.
  9. kventin.upgrade

    kventin.upgrade Hodls on dips

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    Movement is a life. Me too happy!
     
  10. kventin.upgrade

    kventin.upgrade Hodls on dips

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    Maybe, it is a showtime the cool movie films.
     
  11. maks-ivanov89

    maks-ivanov89 Invests like a Pro

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    it's time to pray for the growth of bitcoin))):D:D
     
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