Quote from: Fafabol on February 16, 2018, 05:02:33 AM

Quote from: The_Dark_Knight on February 16, 2018, 03:43:30 AM

Quote from: traderperspective on February 15, 2018, 11:07:40 AM

What is your take on the market conditions? Do you think we are seeing this bullish trend (from the bottom) keep going to ath again, or do you think resistance will hit the uptrend back again?

What price levels are you watching?

I am watching 12k, but I am very bullish on the market right now.

I do not know if we can even call it an uptrend, we suffered a crash and the price is suffering a correction, most of the time we think of corrections as the price going down but a correction is just an adjustment of the market when there is a distortion in the price and the price of bitcoin was too low, so I think the market is going to stabilize for some time and move in a tighter range from now on.

Maybe the price will stabilize for a week before it launches to another price so definitely nothing to worry about some dips.
However I'm very speculative that after bitcoin hit the $11k resistance we will see again the constant surge.

if a big surge were to happen, it would have started already right after it hit $10,000 and price would have reached a much higher price such as $14,000+
but it seems like market is favoring a much slower rise for now. maybe because the FOMO buyers are still scared since they were burned badly in the past few weeks that they sold in the dip and lost money. but they never go anywhere so a big surge is still a possibility but it may take a higher price than this.