trading Bitcoin Market Structure...Where are we?

[Cryptoletsgo1 11]

To view on Steem.com

 

This is the typical bull and bear market phases most asset classes will go through. I’m seeing if this dramatic rise from $3467 ish in January 2019 to now, is the start of a new bull run? 🤔

 

It certainly feels like it, as the last two pumps of Bitcoin and Ethereum haven’t sold off at all! Plus it is the Bitcoin halving in 8 months...should see some buying and a run up in price to that event! After all BTC is getting harder and harder to mine. So a natural scarcity and more popularity/ demand could see this big chart play out again? (And again and again???)

 

 

[Crypto123 0]

We are awaiting the big event for Bitcoin Half Tier, and then the mining rewards will drop from 12.5 BTC to only 6.25 BTC, and then the Bitcoin price should go up and according to my personal opinion if it does not rise then it will never rise again. The year 2017-2018 is a bubble.

[Shaza Ahmad 1682]

In my view, I suspect that bitcoin is heading for a very bullish front and it may be because of the near halving that everyone is waiting for.

[Razan alikac 1899]

We are walking towards halving, and this is a big event that awaits everyone, Bitcoin is moving upward ... and this only needs some time to reach our goals.

[Sasaki 171]

Bitcoin market structure still improving, we can see now that halving is coming soon and btc might continue to rise until it reach it's peak, we just need to be patient for now and learn more about crypto market movements for us to be good in trading and can have own strategy.

[Opinder 1310]

In these days we are following halving although market is pumping and dumping but still we are in the starting face of bull run. So everyone is thinking about holding coins for halving.

[bentayebsalah 2280]

Always must be taken into account several expectations and this in order not to be surprised contrary to what we were planning because the market is volatile and may rise or fall depending on the supply and demand and the force affecting them

[Thekingcallme 1975]

Yes, we may see this curve and the pattern repeated several times, and we should take advantage of that if it restores the same chart, it will be easy to know where it goes

[vajines 30]

На мой взгляд, я подозреваю, что биткойн движется к очень бычьему фронту, и это может быть из-за близкого сокращения вдвое, которого все ждут.

[BrolySSJ 7899]

I think that biggest event that will take place this year will be the bitcoin halving event which will happen in May. This will reduce the amount of bitcoin being mined, and as a result there will be a rise in the bitcoin price, based on past halving events. And furthermore, this rise will most likely be quite significant based on how the rise has occurred in the past.

[JuanBerbesi23 199]

On 10/10/2019 at 5:05 AM, Cryptoletsgo1 said:

To view on Steem.com

 

This is the typical bull and bear market phases most asset classes will go through. I’m seeing if this dramatic rise from $3467 ish in January 2019 to now, is the start of a new bull run? 🤔

 

It certainly feels like it, as the last two pumps of Bitcoin and Ethereum haven’t sold off at all! Plus it is the Bitcoin halving in 8 months...should see some buying and a run up in price to that event! After all BTC is getting harder and harder to mine. So a natural scarcity and more popularity/ demand could see this big chart play out again? (And again and again???)

 

 

Certainly if this was the case, bitcoin is currently trading at $ 11,350 and has risen by more than 10.41% in this month of October, it is expected to rise a little more and then lower and establish.

[Abdulrahman3 1252]

I see that the relationship between Bitcoin and Ethereum is not the agreement to rise and fall as you say, but on the contrary, the rise in the price of Bitcoin is offset by a decrease in the rest of the currencies, but when it begins to decline, traders begin to buy other currencies because they know that it will rise.

[Chakomakasi0123 52]

The bitcoin market structure is straight forward and recommended by many experts in the forum so we should go with that structure.

[Pereira 2303]

The upward trend of bitcoin has been seen in recent months, but now at the end of January the trend stopped, but it falls and rises, but has remained in a range of 30k to 34k, the trend may be defined in February if this is going to be high or its price will fall.