Topic: Alts Blood Bath for Feb? (Read 464 times)

and as it is ended the month and March is here now , it seems that there is no Bloodbath that happened but we don't know if this month will bring us all bad movement .
I know that there are sentiment that march will continue its growth but who really knows?
as what I only wanted is my altcoin moves up so i will convert all to buy more bitcoin in preparation for the coming halving years from now.

It could really be done on alteration and this is why getting that confident is never been that recommended once you are dealing with this market.Everything could happen in a snap if we do speak about trend

change and market behavior.The only thing where most people been eyeing is on the upcoming halving event and the bull run that we are spotting on.Some say about 2024 and 2025 but its still not an assurance that it would happen. Alt blood bath is never that new and something you would be shocked of because it does really happen often and this is why you
should really be that prepared for whatever things that you might encounter.

I don't see the situation being that bad, there are some altcoins that performed very well during February but some were bad.

In any case, as it is known, the performance of altcoin is linked to the movement of bitcoin, if an important rise in bitcoin occurs during the month, then as expected, we may see important rises for some altcoins or shitcoins.

That 40% is the reason why people should be pretty excited about the rest of the year as well and for some reason many of them are not. The fact that January was good, and yet people expected "blood bath" on February is basically the proof that we still do not really understand the market well enough.

It is doing fine and I think it should be pretty high in the upcoming months but we have seen this increase starting and yet still do not believe it for some reason. Why do people do not believe in the current market situation? I mean I get that it is not going to be easy to accept it right away or anything like that, but it has been a while too, we should face the reality already.

The blood path has yet occurred but it will be triggered by Bitcoin fall.

I smell risky fall from Bitcoin in the last two weeks and hopefully it won't initiate a blood path for altcoins. I believe that Bitcoin won't be able to go much far more than $30,000 and eventually blood path will happen. We only don't know when blood path will kill altcoins and altcoin enthusiasts.

Another big risk for altcoins is only Bitcoin is considered as non security. Altcoins have that big risk and they will fall to hell if they all are considered as securities.

not sure if we can call it a bloodbath when we have seen altcoins are staying the same positioning like what bitcoin did in the whole February , bitcoin increase double digits but stagnant to its price now? is what i see in altcoin as well and there are even some that make it more from the rank coin.
and now as the month ended we can assume another prediction in March and this will bring more confidence if the price stays this good and continue to increase .

It is the last day of February, crypto market is red. We saw a correction at the end of this month, it may prepare for the next jump in March.
I agree that $28k is potentially achieved in March, it may reach $30k if we have some good news in March. But to pass $32k, I am not really sure about this. For altcoins, always follow Bitcoin, they will increase gradually if Bitcoin price continues to grow up.

Of course, the bearish season isn't over yet. But this year is better than 2022. Yep, I also think we already passed the bottom, so Bitcoin and altcoins won't drop again as in 2022. It is the 2nd year of bearish season, probably only 1 year left for bullish season. Everything looks better, so no worries about the further raise in crypto prices.

As February is coming to an end, market looks like it stands well. Bitcoin is still up nearly 40% in 2023, and most altcoins are up with more percentage. Targets like 28k and 32k could be achievable for Bitcoin in the next weeks and that would cause altcoins to increase more.Although I don't think the bear market is over, I think Bitcoin and other altcoins won't suffer more than it suffered in 2022.

BNB & ETH are both of included in my portfolio, but i sold 50% of my assets a bit profit in the last week. I hope BTC,ETH & BNB those can be long term investment without any doubt, so i agree with you, and also i want to keep hold my another 50% assets until in the next bull run.

For sure, not going to argue there. There still is a lack of confirmation that the bear market is truly over. Without breaking $25K, there is little to no confirmation despite the bullish looking move.


Personally, I'd be happy enough with a higher low (>$20K) on macro scale with a return to $25K. While price was rejected by this resistance for the second time, I don't think it'd hold as resistance a third time. As for flipping $25K into support, I very much doubt this will happen anytime soon based on previous times Bitcoin has broken a strong resistance level that has led into a new uptrend.

A few examples, notably the trend change scenarios:

• Breaking $4K resistance in April 2019. Took 11 months and a black swan event to re-test this as support (meanwhile Bitcoin goes up 3x)
• Breaking $6.4K resistance in May 2019. Took 7 months to re-test this as support (meanwhile Bitcoin goes up 2x)
• Breaking $20K resistance in December 2020. Took 18 months to re-test this as support (meanwhile Bitcoin goes up 3.5x)*

*This one is subjective as wasn't based on a trend change, but still remains relevant imo as very much confirmed a new bull market.

You more of less have to go back to 2015 to see the 10 month long resistance level of $300 flipped to support a month later. Or otherwise the July 2020 breakout above $10K resistance that was re-tested two months later, but this one is again more subjective as was merely a continuation of a bullish uptrend within a relatively neutral consolidation environment. Not trend change based in particular. This only goes to show that Bitcoin does indeed flip old resistance into new support quite regularly and in a "normal" manner compared to other markets, with the notable exception of doing so when the tide changes.

There are also many on the sidelines singing the same tune of waiting for $25K to be turned into support, as opposed to the break-out above this level, and I feel these more conservative investors will get left behind as they have done consistently in the past, particularly the trend change scenario in 2019. Waiting for a re-test of $4K or otherwise a re-test of $6.5K (when at best there was a quick wick to $6.6K, ie no meaningful consolidation turning resistance into support). Many will wait for a rejection of $30K for the re-test of $25K, but if 2019 is anything to go by this might not act as any resistance either once price reaches it.

I also don't think waiting on the sidelines is the worst idea if you want to see $25K or $30K turned into support, as I do think it will eventually happen, but if past Bitcoin trend changes are anything to go by, it may well be a case of having to wait 6-12 months in order to enter (or re-enter) the market. Meanwhile, Bitcoin could easily go to $50K, and yes I mean easily as above $30K there is low volume. I'm not suggesting anyone should FOMO into a break above $25K, but more so that $26K or $27K might not be that much of a premium to pay if prices return to >$30K, compared to the risk waiting for an imminent re-test.



I mean anything is possible, but I think it's unlikely. To me it seems we already had the bs news that took price down to $15.5K, after Bitcoin had spent 5 months carving out a bottom that without that FTX news, could well of held imo. I'd be a lot less comfortable if we didn't already have the news orientated upside bart style fake-out to the downside, that's for sure.

It could be a correction but looking at things now it could also be BTC starting some shenanigans again and starts doing what it did from August to November.  I'd be more comfy saying it's all just corrections before resuming the trend back up again if BTC breaks out well above 25k resistance then flips it, corrects to it and makes it the new support.  

Take a look at the chart...  Let's just hope that there's not gonna be some bs news taking everything back down below 20k again.

We can expect no decline this February, especially since we are already in the last weeks of February. But indeed we must still be prepared if a decline occurs because we can use the decline to our advantage by doing so. And if we assume that there will be another decline at the end of February, we are still allowed to buy more bitcoins before the price starts to increase again. But I don't expect the price to go back to $17k but maybe it could reach $22k again. If we are ready to face anything, we can survive all conditions and use it well for our benefit.

Posted this elsewhere, and while I'd usually say ignore the short-term noise, sometimes the noise is trying to tell you something very simple:


While generally I'd agree that getting rejected with reasonable volume from $25K is bearish, it depends on where price goes next, and each time we have seen buyers step in at higher levels (at least so far). Getting rejected for the consecutive week at current levels would be bearish imo, but we'd need to see a close below $24K levels to really confirm a bearish weekly candle, and still 5 days to go yet.


Bare in mind that last time we had the break-out from $17K, that very much invalidated the bearish momentum, price increased by +20% within only 4 days. Whether price reaches $30K this month or next, I don't see it being a slow move to the upside, instead an explosive break-out, probably stronger than the previous one we saw from $17K to $21K, because we'll be creating first macro higher high for over a year. Also that break-out was from 2 months of range bound trading. A break-out above $25K would effectively be breaking out of an 8 month range (between $15K and $25K).

The stronger the resistance, the more explosive the break-out to the upside once it breaks. So personally I'd say 10 days is plenty of time to reach $30K. Only needs 1-5 days with high voume imo.

$30k sounds to be a challenging target at this moment, considering how market is behaving from the last couple of days or so. We've seen too many unstable movements to $25k and then down below to $23-22k. It seems like Bitcoin is having a pretty hard time holding its position above $25k mark.

We only got about 10 days for the month to end, and there are no clear signs of it clearing the $30k mark within this period, unless or until it crosses $26k and shows some stability there and then it might rally up from there. My guess is that we will stay between $20k and $26k this month. The first week of next month will show how it will be later that month.

Seems everything is focused on right now and Bitcoin is their leader.
I believe that most of the altcoins now are just following Bitcoin, so for me, Bitcoin will lead and altcoins will follow, just like normal pumps even before.
As long as Bitcoin will stay above $20,000 this month, it's a good sign for the market especially the altcoins.

actually what I mean is that the price had reached 24k this month but staying as is now as we are near closing the month , there is no argument that we had a great movement this month of February but what i wanna see is the price to reached 25 or at least 26k to be assured of the position.

but now we are just couple of bucks away to reach and may stay at 25k

https://coinmarketcap.com/currencies/bitcoin/

congrats in advance to all of us.

I'm not sure how far the market gonna favour the bitcoin and altcoins market. Most of the time February month used to have decline and gradual rise in the market. This time too it looks like the same pattern. The market is gaining good momentum for forward push, and none is sure to which level the growth would happen this time.

Altcoins are in good position. I don't see the altcoins on blood bath. The market always have the dependence over bitcoin. For now altcoins investment seems to be good as the move of bitcoin would trigger the market.

Bitcoin would be always the main trend setter on which it would be pulling the alts most of the time.If it would be bearish then it would goes red but green then it would be the same but if we are seeing sideways movement then it would be on random since this is where usually altcoins do really make out some significant move but not really that much in compared when Bitcoin is on bullish run.

For this month of February it is really still considered to be good one considering that Bitcoins price is almost breaking that 25k price point but it would be better if it would be able
to break that resistance before this month ends. Long positions are really that still on hindrance on making one due to several rejections.

Just expect flat market movement on altcoins, nothing exciting to see this month. Maybe the BTC price climbs back to $30k levels then altcoins gonna follow that path but I don't give more than 5% chance for this prediction. Market price stuck on this price level, focusing on short timeframe charts have better potential than waiting for a U-turn on altcoin markets. Let's see what happens if BTC whales make some surprises nowadays. In the worst-case scenario, the BTC price will touch $15k levels and the blood bath will be real, anything is possible with this volatility, IMHO.

Now the market had reacted good amount,many of the trusted coin had raised today.I had some Trx coin in my wallet,it had give me some good profit by just holding it.Nearly 25$ had raised by holding of 550$ in my wallet.So it will be shocking news for me.It was unexpected profit by holding it.last week I had brought this tron coin.Now I had gained 25$ from it,like this holding is enough for the profit sometimes in the crypto currency.