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Re: Time To Buy BTC: Bitcoin Market Right Now On A Buy Signal Suggests Dan Morehead April 19, 2018, 09:34:00 AM #16 Quote from: dothebeats on April 18, 2018, 05:35:04 PM Personally, ever since the price hit $6000, it was already the time to buy (at least for me) since it might be a long time again before we see such levels. Currently, the price seem to have consolidated at $7800 and $8000 and have not went under that for 3 days. If this was a bull trap, it would be over in about a day or two but nope, it stayed there as if it was its home. Hopefully this would hold, because if this wouldn't, we might see a very tricky $6000 yet again or can even go under that.

I think the price is being stable enough not to go down again in the nearest future. It didn't go up too fast, so it seems like for now people are truly willing to pay such price for the coin. Thus, it is still good time to buy, because we might be on the way of growth at reasonable speed.

Quote from: Theb on April 19, 2018, 06:40:02 AM I wouldn't go in that way. Some people here when they see a person with a title of "CEO", "CFO", "Financial Adviser" or other influencial people predicting make them believe that there prediction is right, they are also blindsided when they hear what they want to hear.

But BTC not going down is not done yet as there is still a possibility that it is completing a rising wedge pattern which is a sign for a bearish reversal.

Authoritative opinion doesn't matter much in this sphere, that's true. Yet I think it has the influence in the oppisite direction. SUch people are not right, because they understand the market. However, by making good predictions they gain the trust of potential investors to cryptocurrencies, which stimulates the latter to buy some btc and, as a result, the prices do go up. I think the price is being stable enough not to go down again in the nearest future. It didn't go up too fast, so it seems like for now people are truly willing to pay such price for the coin. Thus, it is still good time to buy, because we might be on the way of growth at reasonable speed.Authoritative opinion doesn't matter much in this sphere, that's true. Yet I think it has the influence in the oppisite direction. SUch people are not right, because they understand the market. However, by making good predictions they gain the trust of potential investors to cryptocurrencies, which stimulates the latter to buy some btc and, as a result, the prices do go up.