Who opened a long position and what will happen next?

Discussion in 'Cryptocurrencies' started by kventin.upgrade, Apr 2, 2019.

  1. 2 april.PNG

    On April 2, bitcoin took off abruptly and began to cost $ 5,000. I would like to know: who opened a long position and what will happen next?

    What tools have helped you determine this movement?
     
  2. I found information:

    ....
    ....
    If the reports are indeed true, why are prices rebounding strongly?
    Technically, the important levels to remember are $3,930 and $5,000. A breakdown below $3,930 could start a new downtrend in prices, while a move above $5,000 would restart the rally.
    ....
    ....

    The question of "why" was asked precisely and in time, and key levels were clearly defined.
    This is a serious question and you need to approach it with all serious.

    What do you think about this sharp, fast, strong movement?
     
  3. dozu888

    dozu888

    Don’t get sucked in. Still too much dumb money in it. Impossible to rally
     
    kventin.upgrade likes this.
  4. Nobody opened anything. It’s just another manipulated move like all the others that happen in that fake currency “market”
     
  5. Yep, that's just an indication that the bulls have now taken over Bitcoin. Might as well get used to it
     
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  6. dozu888

    dozu888

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  7. Dumb money are those that bought at 15-20k btc after a gargantuan rally, those who buy now I would say are pretty smart for the long term.
     
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  8. dozu888

    dozu888

    No. Rally cannot happen when there is so much retail crowded here.
     
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  9. kventin.upgrade likes this.
  10. maxinger

    maxinger

    Page (32)_19-04-03_20-05-14.png



    yesterday volume was high (about 10K). typical volume is about 2K.
    Notice the very long blue candle.
    It indicates buyers (or machines which were poorly programmed) were desperate to buy.

    short term wise, seems like there is some up momentum.
    long term wise, seems to me it is still downtrend.
     
    #10     Apr 3, 2019
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