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[onlyprofits]

As many have seen, the BTC in a period of 10 days tried to break the 12K resistance on two occasions, in that period it was in a consolidation zone.
Although it failed to break through the 12K resistance, it always held close, implying that sellers were unable to dominate the market and lower BTC to lower levels.
If the value of BTC does not drop below the 10.5K support, then it would remain in the short-term uptrend and if it continues like this it could confirm its long-term uptrend.
All this suggests that there is a capitalization led by the institutions, that the end is following in the footsteps of retail investors and that the latter believe that BTC is the future and its price continues to be below its value.
This small BTC retracement is a necessary correction.
What do you think?

 

[Wisdom01]

I think the price can still surpass $12000 , we all saw the move the price took from $9500-$11000 so anything is possible let's watch out since it can only be determined by forces of demand & supply

 

[onlyprofits]

I think the price can still surpass $12000 , we all saw the move the price took from $9500-$11000 so anything is possible let's watch out since it can only be determined by forces of demand & supply

One characteristic of this market is that it is very volatile, as it can still be moved by large whales.
I just found out about an indicator called ATR (Average True Range), implemented by the same creator of the RSI (Relative Strength Indix) indicator, this indicator helps us to see the volatility of the market of a cryptocurrency at a certain moment, for this moment and Temporality of 1 week, the ATR tells us that the BTC is very volatile, which means that the market is very unstable. What I mean by this, at the moment the price of BTC has not found a consolidation zone.

 

[Wisdom01]

One characteristic of this market is that it is very volatile, as it can still be moved by large whales.
I just found out about an indicator called ATR (Average True Range), implemented by the same creator of the RSI (Relative Strength Indix) indicator, this indicator helps us to see the volatility of the market of a cryptocurrency at a certain moment, for this moment and Temporality of 1 week, the ATR tells us that the BTC is very volatile, which means that the market is very unstable. What I mean by this, at the moment the price of BTC has not found a consolidation zone.

How do you get those indicators ? It seems helpful
The market of btc is still unstable if any large whales could make an investment on the price then there could be a shift in demand and supply

 

[Niftyicon]

One characteristic of this market is that it is very volatile, as it can still be moved by large whales.
I just found out about an indicator called ATR (Average True Range), implemented by the same creator of the RSI (Relative Strength Indix) indicator, this indicator helps us to see the volatility of the market of a cryptocurrency at a certain moment, for this moment and Temporality of 1 week, the ATR tells us that the BTC is very volatile, which means that the market is very unstable. What I mean by this, at the moment the price of BTC has not found a consolidation zone.

Its instability/ volatility could result into either upwards or downwards move. Let us wait, we might end up being positively surprised by bitcoin.

 

[onlyprofits]

Its instability/ volatility could result into either upwards or downwards move. Let us wait, we might end up being positively surprised by bitcoin.

Bitcoin is still in an uptrend channel, that high volatility is only for a certain moment, remember that it came from testing the 12K resistance and was many days, more than a week, between a range above 11.5K and less than 12K. For now the market continues to move a lot, there is a war between buyers and sellers, bull and bears, but in the end, the trend is bullish.

How do you get those indicators ? It seems helpful
The market of btc is still unstable if any large whales could make an investment on the price then there could be a shift in demand and supply

As I said before, Bitcoin is still in an uptrend channel, only for a certain moment, that indicator tells us that the market is quite volatile.
The ATR can be found in the indicators menu. When you see your graph above the average, then the market is volatile, when you see it below the average, the market is more stable, therefore a change in trend is less likely to happen at that particular time.

 

[Wisdom01]

As I said before, Bitcoin is still in an uptrend channel, only for a certain moment, that indicator tells us that the market is quite volatile.
The ATR can be found in the indicators menu. When you see your graph above the average, then the market is volatile, when you see it below the average, the market is more stable, therefore a change in trend is less likely to happen at that particular time.

What site are using to get those indicators and others ,its good to check and know if the market is highly volatile or not and when change is taking place

 

[onlyprofits]

The amount of the purchase was 250 million dollars. When a giant like this makes an investment of that size it is because he is 100% sure of winning and they must have a broker behind him to move all that capital in the purchase and sale. I particularly don't think they have all that amount of BTC (21,000) saved, they must be moving them taking advantage of the market's uptrend.

 

[onlyprofits]

What site are using to get those indicators and others ,its good to check and know if the market is highly volatile or not and when change is taking place

I just realized that I replied to a message that I had in the translator and I had answered it in another thread, hahahaha.
I use the Coinigy platform, which works with Tradingview data, but it has the advantage of being faster.

The level that btc has been maintain is truely a pain to some investors , traders is the market have been affected has the bull fails to dominate the market , though Bitcoin would still rise from those setback.

If you knew that BTC has remained in an uptrend, remember that prices are never going to move in a straight line, there is always an impulse, a retracement (correction) and an impulse for an uptrend and vice versa for a downtrend. .

 

[KarthikP]

Yesterday it was like $11300 and today there is an increment of $250. Still anything can happen , it can cross $12000 in the coming days.

 

[Josemendez]

I think it is too early to jump to conclusion . This is cryptocurrency we are talking about here and anything can happen in a minute . so less just wait and watch what happens before the year ends

 

[Mustyibrah]

Price fluctuations in digital currency this days should make u understand that this stuff is majorly about luck though. It's not stable and anything can still happen.

 

[KarthikP]

Yeah and now ethereum has rised up once again to $396. Yesterday it was $370 , everyone would have expected it to fall , but the opposite has happened.

 

[onlyprofits]

Price fluctuations in digital currency this days should make u understand that this stuff is majorly about luck though. It's not stable and anything can still happen.

This is not a matter of luck, it is a matter of knowing the market, the intentions, in short, keeping up with the news to master fundamental analysis. There is an intense boom in cryptocurrencies compared to 2017, but with the exception that the blockchain is being used for more useful and practical cases and now with the arrival of DEFI and DEX, the boom has increased.
You will see that by knowing the different indicators to do a technical analysis and follow the trends of the world market, fundamental analysis, you will have an idea of where the prices are going. The largest business intelligence company recently bought 21,000 BTC for a value of $ 250 million. When such a monster makes a move of that magnitude it is because something really good is coming.

 

[Reznov]

there's still a chance for that, let's just give it time and see, not to forget that it was standing still at around 9400$-9500$ for a very long period but the price jumped

 

[onlyprofits]

there's still a chance for that, let's just give it time and see, not to forget that it was standing still at around 9400$-9500$ for a very long period but the price jumped

What happens is that many expect the price of BTC to rise in a straight line and never go back, but this does not happen, the natural way is an irregular line that rises and falls and from there set a trend.
To understand the movement of BTC you have to have an idea of the technical indicators and be aware of the news of everything that has to do with cryptocurrencies, it is clear where the market is going, what we do not know are the time lapses.
I understand the anxiety of many, I already went through that in 2017, I was just beginning to understand trading and I was attacked by anxiety waiting for a coin to immediately reach the price I wanted.

 

[Reznov]

What happens is that many expect the price of BTC to rise in a straight line and never go back, but this does not happen, the natural way is an irregular line that rises and falls and from there set a trend.
To understand the movement of BTC you have to have an idea of the technical indicators and be aware of the news of everything that has to do with cryptocurrencies, it is clear where the market is going, what we do not know are the time lapses.
I understand the anxiety of many, I already went through that in 2017, I was just beginning to understand trading and I was attacked by anxiety waiting for a coin to immediately reach the price I wanted.

the issue is that, as a normal user, you can't really know what those technical indicators is, and i believe most of people won't know, because if knowing them was an easy thing, people could have made billions of BTC without losing anything

 

[onlyprofits]

the issue is that, as a normal user, you can't really know what those technical indicators is, and i believe most of people won't know, because if knowing them was an easy thing, people could have made billions of BTC without losing anything

On the technical initiators, I agree with you. Any analysis that is made are assumptions based on statistical data that increase the probability of success, these can reach up to 80%, but for that you must handle the most influential variables in the behavior of the market and that is given by experience and work.
I'm just getting started, I'm just at the tip of the iceberg.

 

[microunit]

As many have seen, the BTC in a period of 10 days tried to break the 12K resistance on two occasions, in that period it was in a consolidation zone.
Although it failed to break through the 12K resistance, it always held close, implying that sellers were unable to dominate the market and lower BTC to lower levels.
If the value of BTC does not drop below the 10.5K support, then it would remain in the short-term uptrend and if it continues like this it could confirm its long-term uptrend.
All this suggests that there is a capitalization led by the institutions, that the end is following in the footsteps of retail investors and that the latter believe that BTC is the future and its price continues to be below its value.
This small BTC retracement is a necessary correction.
What do you think?

Yeah I saw this happen when bitcoin did reach $12k but quickly fell down, and now it's getting a hard time rising up again and now even barely touching the $12k mark again

 

[Balint098]

Hey, at least it's not dropping below the 10,000 USD line like some predictions predicted. Don't be impatient crypto is a long-term game.