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I think that the market is recovering now and this bullish still not yet finish, Bitcoin and altcoins still can rise higher, but before that I'm afraid there will be a correction of Bitcoin and market
The market is still consolidating and I believe this will remain throughout the year. Bitcoin may dance around $3K to $5K but I would not be surprised if it goes below $3K
This past week, there was a sharp bearish turn in bitcoin below the USD 3,800 and USD 3,700 support levels. BTC/USD even broke the USD 3,620 support and spiked below USD 3,500. Many altcoins such as ethereum, ripple, litecoin and EOS followed a similar path and declined heavily.ETH/USD traded below the USD 135 support to settle in a bearish zone. XRP/USD broke the key USD 0.340 and USD 0.325 supports to start a major downward moves. At the outset, the market is consolidating losses and remains at a risk of more losses in the coming sessions. Source: https://cryptonews.com/news/bitcoin-and-altcoins-at-continued-risk-of-weakness-3199.htmWhat do you think about this?
My thinking is Bitcoin will had another correction at higher low next week, every time Bitcoin trying to break the $4,000 always a big sell volume put in, seem like bear not yet stop
The value of Bitcoin and Altcoin that has never been stable is actually what someone uses to make a profit, because when prices go down like today is the time the investors are waiting to invest in. by getting coins at a very low price, the opportunity to get big profits is very large.
They dump and they will pump soon, the deeper the dump, the higher the pump in return. It will give the coin and the developer, community more chance to invest in that coin
Quote from: NguyenTuan on February 22, 2019, 12:48:10 PMThey dump and they will pump soon, the deeper the dump, the higher the pump in return. It will give the coin and the developer, community more chance to invest in that coinAgreed with your first opinion, Bitcoin keep increasing in the price and seem like there’s no pump force left, it has to go down to gain momentum before it can continue the increasing
Quote from: AdamLu on March 06, 2019, 12:50:52 AMQuote from: NguyenTuan on February 22, 2019, 12:48:10 PMThey dump and they will pump soon, the deeper the dump, the higher the pump in return. It will give the coin and the developer, community more chance to invest in that coinAgreed with your first opinion, Bitcoin keep increasing in the price and seem like there’s no pump force left, it has to go down to gain momentum before it can continue the increasingSometimes it go down to gain momentum, sometimes it’s just a false break when they’re trying to kill all of long margin and I sometimes put the stop loss and get caught by these false break down too
But what about when buying low priced coines which never raise then? Does it has any profit?
Quote from: dancoiner on March 05, 2019, 09:22:21 AMBut what about when buying low priced coines which never raise then? Does it has any profit?That's why do research before you decide to buy coins. Don't buy any coins with low prices, but just choose the most potential coins with low prices. I think today we are better to focus on top coins with low prices. Buying top coins when they are in low prices is a smart choice.
Quote from: Redix on March 11, 2019, 11:06:09 PMQuote from: dancoiner on March 05, 2019, 09:22:21 AMBut what about when buying low priced coines which never raise then? Does it has any profit?That's why do research before you decide to buy coins. Don't buy any coins with low prices, but just choose the most potential coins with low prices. I think today we are better to focus on top coins with low prices. Buying top coins when they are in low prices is a smart choice.Or go with top rank coin while their price decrease is also a safe method, because these top coin always rally back when Bitcoin recovery