Quote from: Nick Abimanyu on February 24, 2018, 10:00:15 PM

Quote from: Roachgo04 on February 23, 2018, 02:49:28 AM

Quote from: Reatim on February 20, 2018, 12:59:57 PM

Quote from: Roachgo04 on February 20, 2018, 10:27:22 AM

Im not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What Im seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

Im saddened that the 0.382 mark was not break. But the good news is at least we know that the price of BTC will play around 11,700 and 6,500. These is the trading range will expect for at least one week.

Actually if you use this tool Fibonacci retracement you have a clear forecast of what price will be the next couple of days. Some will say it is because of the Whales but for me this is because of the movement of supply and demand of the coins and not the whales.

Agreeing with what you say the decline this time isn't due to the pesky whale but everything is a natural process of the market (supply and demand).

Currently some countries which do banning against cryptocurrency, now they have published cryptocurrency their own version, such as:
China publishes 'Neo' (the only coin fully supported by the Chinese government),
Sweden publishes 'Sweden's Coin' (the only coin that are considered legal in Sweden), and certainly a similar step will be followed by other countries in the future, and this clearly adversely affects the development of bitcoin.

Nah, I think the decline is still brought about by some people that wanted to bring down the price of bitcoins. Right now we can't expect it to grown unless they had enough bitcoins they want to hold then they'll probably start pumping the price. But generally it should not last long as the cost of maintaining FUD is still expensive.