Topic: Alts Blood Bath for Feb? (Read 430 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.

Stagnant? We reached 24.5k for the first time in a long long time during this month, I mean it has already happened and not out future or something, it has already happened. I do not know what else do you want from the month, it is obvious that it has been a very great deal and has been properly a bull month if you ask me.

Maybe you wouldn't want to call it a bull just yet, I can understand that, but it has been a green month nevertheless and not a stagnant one at all, definitely not. It is doing alright so far and I believe that we wouldn't see anything that is stagnant about a month that has 10%+ daily movements a few times within that month, which we had.

There is already a drop that happens not only in the month of February but also in the previous months but those drops are only small and prolly just a correction only. We aren't officially out of the bear yet but I think we are going to be once the price breaks $25k to $35k.

People are only optimistic for a bull run but it doesn't mean that they are not preparing for any bear possibilities. They do also. That is why they already have some saving with then and they will use it to buy more Bitcoins once it occurs. The game of crypto trading and investing won't be possible to be played if without those two cycles but there are still people who only likes to see one side of it.

To me it looked like a natural & healthy correction, as it seemed unlikely Bitcoin was going to simply carry on to the upside without a pullback, although I was expecting a little lower around $20.9K. Rebounding from where it did clearly left some bulls behind as many were also expecting slightly lower, which just went to show how bullish the sentiment was back then with price bouncing above support rather than within.

On another note last weeks -7.5% drop to $23.3K looked more concerning to me at the time, as it happened with reasonable volume and mostly within 4 hours. But then within a day price completely eradicated that correction with even more volatility. Now I see there are bearish wicks to the upside on Daily time-frame along with bullish wicks to the downside on lower time-frame, very much creating not much else but noise.


Not going to lie I was disappointed price didn't close last week above the August high of $24.3K, instead slightly below, but otherwise price is now comfortably above the 50 Week MA ($24.470) as it continues to decline which I think has had an instant positive impact. Regardless of the fact that last week it was at $24.7K and price closed below. If we keep knocking at the $25K door it will eventually break imo.

As you said this week will be crucial, either bullish with a close above $25K or bearish with a close below $24K, as the latter would be the second consecutive weekly rejection from long-term MAs (50 & 200 WMA).

Yeah..  That's why I was asking as it was all looking good before that sell down to 21.4k or so.  Which looked like it was a change in sentiment.  I was wondering why when everything started to look good and seemed like the market sell downs have been exhausted.

But then a couple of days later, everything started getting back to the program again and started going up.  It's now almost up to 25k.  This week is gonna be crucial.  If it breaks out of 25k and holds, I think we're in for a ride to 28k - 32k range.

I'm not sure if this will be correct but for me? I think February is another stagnant month for bitcoin as we will stay from 20-25k or at least will break 30k usd.
looking at how the market perform this month?
this is what is coming and happening .

I see a fractal for Bitcoin in 2019 and 2023 and it's possible to see Bitcoin move higher to $30,000 but I found a more important point. In 2019, after a good mini run, Bitcoin was pulled back and it ended 2019 with not too higher price than where it started.

I see it is safer to not bet that Bitcoin will rise more in 2023 and try to bet with higher risk in altcoins. If Bitcoin was pulled back, altcoins will be in blood path again. They are recovering and pumping too much from their bottoms.

If Bitcoin rises to $30,000, I will wait to see its pull back and can buy it about $25,000 again because I believe in fractals and it can not rise straightly to $69,000 in 2023.

We are still in bear season, so if there is no drop in February, it will happen this year so instead of expecting it not to happen, we need to prepare when it happens. Sometimes it's not so bad for bitcoin to fall back and the market to crash again. Assuming bitcoin drops to $17k this month, that would be an opportunity for those who want to own more bitcoin for cheap. I'm ready for anything because the bears haven't disappeared yet, so surprises can happen anytime.

I don't expect this February to be a bloodbath as bitcoin has already increased to $24k. After that, a price of $25 is about to be reached. And if there's a dip, the market can still survive and bitcoin can still survive, although there may be a dip. But the decrease will not be too drastic.

If the $21k-$22k doesn't hold up, that's going to send the price even deeper and I can't imagine how much the price drop will be. Maybe $19k, $18k, or even $17k or back to $15k again. Hopefully, that doesn't happen this year or in the following months.

Historically February is a profitable month for Bitcoin so I'm not expecting it will have bloodbath this time, I think it will be this March and the market is somehow exhausted. If $21k doesn't hold then I'd think we can see another $18k but if it holds I think we will go sidelines from that area since that's a strong support for Bitcoin.

It's been a decent month so far but overall I have the same outlook I think we are going to have a lot of sideways months ahead still.  Some certain coins have made decent runs this month but I can see a couple months of drop offs as well.  Next year with the bitcoin halving looming should jar the market open a little bit.  Then I think a monster run is ahead of us.

If at the end of February, the market ends with a big crash, it will be a big discount for us because we can buy a lot of potential coins. Those potential coins are likely to see a dip following the declining bitcoin price so that would be a good moment to buy more.

This situation is still hard to predict because the market looks like it's doing fine and even though bitcoin and altcoins have been corrected, the market can still increase a little. But that can change if negative news is released, which can change the market's direction. We must be aware of all that and prepare our money to buy if necessary.

I'm not looking so much at the positive growth of altcoins. Bitcoin is not yet in a real bullish mode, and the market still shows some resistance that Bitcoin could not pump big time to trigger the bullish run of altcoins. I think it's too early to expect a bullish altcoins market because, based on the trend, it usually happens when Bitcoin has already broken its current all-time high (ATH).

I'd never see a reason for the drops other than investors/whales are selling off their altcoins as the prices are in the pump. I'd see we are turning back to accumulation season again. This month altcoins are not performing so well but if the price of Bitcoin remains above $20k, altcoins won't even drop more.

Despite the sudden change in altcoins prices, I was still okay and I will still hold my ETH and BNB until the next bull season. In the current situation, trust is really important and most of all, to keep positive rather than been affected with the drops.

In next 24 to 48 hours, the market can have a very serious turning point. It can be a start of something worse for altcoins next week, altcoins will be bleeding a lot and they will be in another blood bath next week. I agree with you tokeweed.

It is not good signal from whales who can manipulate the market. I think market will tilt a lot in next hours but generally if we are not sure what will a next movement of market, it is very safely to exit position and wait for market movement and confirmation of its next trend before opening new positions.

Safety first. Safely protect our capital is most important. Market is always here and we can join it many times in future.

I mean just from looking at CMC past 7 day moves, very few coins are in the red, most of them are in profit right now for the past week. Which basically answers this question, but of course the month is not over yet, we have 10 more days to go and that means anything could happen, we may end up with a big drop and if that happens then it will be a blood bath.

But for now, it looks like a green day for everyone and the prices are higher. Of course not all of them are higher like the others, some like polygon are higher than what bnb did, but there are reasons for that of course. In the end, by a little, or by a lot, everything is higher these days.

It's looking likely that most alts will end up in the red against Bitcoin, but probably neutral or green against fiat imo. I'm still waiting for alts to get left behind once Bitcoin starts really pumping.


I see you posted this after Bitcoin's correction to $21.4K. Looks like time already answered your question, as can be retrospectively be seen as a natural correction back to support before further upside.

Yeah dunno...  It's really hard to predict these things.  From experience, I can say that I have the worst timing of the market.  Just a week before I started this thread, I was thinking of going all in ETH but somehow the market sold down and tanked.  When I started thinking the pump was just a fake out it went up really strong.  Lol.  Now it's showing signs that it's gonna be sold down again.  

Seems like it's better to wait and see for now and hope that it goes back down to the range it was in November.

I'd say it's quite the opposite, altcoins in general always follow the movement of bitcoin and bitcoin is raising its value quite steadily in these past few days.
I wish there'd be no blood bath in this month and few months coming, considering the fact that alts in general are already decreasing so hard few months in the past that further decrease doesn't make sense.

Bitcoin did a great pump in the past days, and the altcoins are also following that trend so there’s a higher chance to end February with a green candles and a good price.

There’s a lot of altcoins who recently enters the up trend and they are still doing good right now, try to look with other altcoins and you’ll see their percentage are higher compare to other projects, let’s be more positive and hope for the real bull run this quarter.

Lol seriously, as if the whole market waited for this topic to be opened before it could go back up again. Bitcoin is 24.5k again and everything else went up a lot as well. This is basically a proof that the market could always recover at all times very quickly and we should be quite happy and alright with whatever we have. I am not saying it is an easy thing nor a hard thing for it to recover but it is certainly a sudden thing.

You may think it took over a year for it to start going up, but the reality is that it took just one afternoon for it to start going up. So that means anything could happen suddenly and we should not be too pessimistic about the past.

the market suddenly pumped today. there are hopeful predictions today in which they are saying that the death cross in the weekly chart is actually a bullish signal for the market which means the bottom is here. and there is nowhere else to go but up.

there may just be a little downward movement in the coming months but before we enter 2024, the repeat of 2020-2021 will be bullish. and altcoins will also be greener. It's time to stack up more of the cheap altcoins.

In my opinion, yesterday it was red and although now it is indeed back to green, it seems that the increase has only had a temporary shock effect,
but I haven't read or heard any information about the improvement in the economic crisis this year, which is a reference that this year has indeed started to improve.
So if it's starting to turn green at the moment it doesn't mean that in the future it won't turn red again, I think it all just depends on how this crisis will actually end soon.
But making an investment is the right time to keep buying and holding on until the upcoming halving in the next year.

2 days after this post mate? look at the market now? it seems that Blood does not stay long and just wiped out now by the Greens

https://coinmarketcap.com/

will never believe that Blood bath will truly coming this 2023 and not just February .

but thanks for this , it made me think to be ready as this increase now might be the last blow before dumping again .

I am also not sure what's happening but the most recent, bitcoin and eth pumped and then we all know what's next with these. Most of the crypto in the market was up again.
Although it's common to see those losers every day whenever these two movements, we're all sure that everything is doing fine. But just like you, I don't know what's the reason why there was a sudden push a while ago.
While after this push, I am now expecting that we might see some bloods again on the weekend.

Maybe the OP just treat these little declines on the price as a sign for something much worse later on. It is said that alts follow the command of BTC and if we looked at BTC right now, it is recovering again. By this said, altcoins should also recover. I am the exact opposite of what the OP is thinking right now.

Plus, there is also no major negative news that is being reported in cryptos which can trigger a dump in their prices, not like last year where we have lots of it and then there is also a bear market. What we have right now are only a recovery and a small bull run in preparation for the bigger one. This is why were unlikely going to experience a blood bath not even for altcoins.

To be fair it isn't that much down, and yeah it does look a little bit red, but not a lot to say it is a blood bath. We had 80%+ drops in 2022, this 5% drop is nothing compared to that if you ask me and would only be bad if it keeps happening all the time, if it doesn't then I am guessing that it will become something quite usual and not a big deal at all.

Plus, we could go up this much in a single day, the only bad runs are the ones that you can't recover from in a single day, this one is not like that. Can't ETH or BNB or whatever end up going up 5% in a day? It can, we know this and we have seen this, which is why we shouldn't be really worried about the current situation.

It is indeed that there are some reds not only in altcoins but also in bitcoin , but it does not show about Blood bathing instead all cryptocurrencies are moving same way and yes not that bad at all because showing the chart is at least 10% losses and this can move easily with one good news.
we are in Mid February yet bitcoin staying in 20k level , if this continue to show strong then I believe that alt will hold this level also.

My prediction: just another month of nothing. We've been sitting at the same BTC price since June, and if I had to bet one way or another, I'd bet nothing is special about February. Alts and Bitcoin will stay roughly flat. Long term, I think they're going up, but I just see nothing dramatic that changes it one way or another this month.

I'm just looking at charts of ETH and other altcoins rn and I feel like we're in for another blood bath.  And February could end up bad with most alts ending in red for the month.

I'm not sure what's going on and what's causing most of the market's volatility but it's not looking good guys.  Whales look like they're running stops then shorting the market themselves..  Does anybody what's up with the sudden change in sentiment?

Anyway US session starts soon.  Let's see how it goes...