ARE WE STILL BULLISH OR BEARISH ? - page 6.

Pokapoka124

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Anyone who is in crypto for long term shouldn't worry so much about dip because the market always recover,
Learn from past experience.

I couldn't agree more. There still a cloud of fear that lingers in the space and whenever there is a dump we see this fear manifest. People are already panic selling their coins but hey did we expect btc to keep going up without a correction? Is that even possible? We had a good run from December till now. Let's keep the fire burning

MinoRaiola

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Bitcoin has been struggling to develop an upward momentum for 7 days. Various market analysts are still convinced that Bitcoin will continue its bull run. Sooner or later, however, things will go extremely well again. It's only a matter of time. I think we will be fascinated by the courses or prices again at some point. No matter if Bitcoin or Altcoins. Here in the forum there are countless posts from the past hit that discuss exactly what we are doing now. there is only one difference ... the price.

best123

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It is really a big concern right. I have closely monitored the moves so that I will be on safe side. Whether bull or bear I am covered. But have it in mind that the bear will come one day.

pawanjain

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Quote from: doctor877 on February 28, 2021, 07:13:40 AM

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

A correction was absolutely necessary at this point of time. Many people started assuming bitcoin is a money making scheme and it always goes up.
But they should know that corrections do take place in bitcoin and while sometimes they are short but sometimes they are huge as well.
Right now I think bitcoin would fall till $42k where it has a good support and then I think it will bounce back and create another ATH crossing $60k.

molsewid

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Quote from: doctor877 on February 28, 2021, 07:13:40 AM

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

We have now a new candle after a 4h chart and it clearly says that bitcoin is going down below now, we're now in the bearish week i don't know how long it will lasts the least thing that I could do is to wait for it to touch the support if bitcoin passes to it, I think see you in 3years again our bullish season is over. It is time to accumulate again and wait for the perfect time to sell in the future. New month new season let's see.

Pokapoka124

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I still believe we will hit 100k before the end of the year. The correction was bound to happen at some point but I didn't expect this huge dump. We just might dump to $36k lots of traders are already facing liquidation due to the dump

eaLiTy

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Quote from: Natsuu on February 28, 2021, 07:29:23 AM

The hype is over. so we can expect it be bearish.

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

Not sure whether the bullish market is over this fast as in the past the bull run would continue late till December and we have many months left and until you hear other huge investments coming in we might see a minor correction but that cannot be viewed as a bearish trend, i am expecting the market to rally once again and crosses the all time high valuation once again before we see a major sell off.

coolcoinz

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Quote from: Natsuu on February 28, 2021, 07:29:23 AM

The hype is over. so we can expect it be bearish.

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

I hope we'll see more people like you, who say that it's all over and that we're now in a bear market. This usually means exactly the opposite, just like when we were at 30k people were saying that the bull run is over and we're going to have a correction, but we went straight to 50k instead.
Observe the majority and you'll see that the crowd is always wrong.
Some examples? Sure:
-2016 lows, people were selling for $300 saying that it's game over for bitcoin
-2018 highs with first correction to 10k, people, lead by CNBC and Tom Lee were saying that it's just temporary and we'd go to 30k
-2020, people were expecting a correction to 1k to end the 2018-20 bear market, not seeing that the market was already over in 2019 when we went to 14k
-2021, people were expecting 40k to be the top and the end of the bull market
Now, the correction is most likely going to end before 40k with a strong upside move. We have a very high probability of a new high by the end of this year if we don't dip below 30k within the next 6 months.

ukw

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I don't think the market correction is that striking, but Bitcoin came in this year with a price of around $ 30K. And this is much less even than the current level of decline.

Becky666

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We're absolutely out of bullish momentum into the bearish mode. Base on what is happening to the current market price of Bitcoin, we might go further than we are currently becasue the correction mode doesn't seem to have some good support as per chat at $42k, maybe when the land slide against bitcoin price we might land into the $30k zones for another accumulation phase.

dansus021

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in my opinion is just price correction and will bulish like 2018 even tho altcoin take the damage too Cry

Altcoinsintel

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It doesn't matter a lot what one of us think. I was bearish and correctly at $40,000, as price dropped back to $30,000, however Musk decided to moonshot Bitcoin and the pattern changed completely. I am bearish again but we know this market is driven by news. Many of the whales that used to decide the top of the market also seem to have exhausted their supply after this buying frenzy from institutions. I am not sure if this will be the top, but the last two times the bull market ended with bad news coming from MtGox. It could be again that the ghost of MtGox will hunt Bitcoin for a third time.

Evilish

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Bitcoin to the moon!

Bullish in long term. Don't care much for short term.

But I would love a 30k again to load up on more BTC.

Mpamaegbu

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Quote from: doctor877 on February 28, 2021, 07:13:40 AM

looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

Even if we go to the 30k region, we can still be bullish as there may be a strong support to bounce back there. The only problem Bitcoin will have at that level is if it dives and loses grip of its hold on the market dominance. Once that begins to happen it will mean the alts are beginning to have more cash inflow to them and that's when the alts season starts and Bitcoin retraces to the down slope. But if Bitcoin goes up and alts go up, it's all good. If Bitcoin goes down and alts go down, it's still all good. However, if Bitcoin goes down but alts stay up then there's a change in control. ATM, Bitcoin's dominance is at 60.1% and that shows we are still in the bull run.

Lucius

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I would dare to say that we are exactly where we should be in terms of price, because everything that happened after the news about Tesla has lost its short-term effect. In the long run I don’t see why we wouldn’t still be bullish, so we’re in a post-halving year and that’s going to have some effect.

Quote from: Natsuu on February 28, 2021, 07:29:23 AM

The hype is over. so we can expect it be bearish.
If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

At the time Tesla was buying BTC, Musk posted on his Twitter that Bitcoin is bs, same as fiat, and I wouldn't be surprised if his followers, which now has more than 48 million, reacted to his tweet that the price of BTC is a too high, which brought down the price by 10%. Personally, it is very strange to me that the price of BTC depends on what the next EM will write on its Twitter...

Kelvinid

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when lambo...

Quote from: Natsuu on February 28, 2021, 07:29:23 AM

The hype is over. so we can expect it be bearish.

NO, it is not the thing we should look into if we think about the bearish season. Might be the hype is over but the market still in its good position. We saw declines but that is just a normal and possible case to happen as volatility showed.

Quote

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

I don't think it is a need to blame others because we lose because, in the first place, it is our decision to invest, nobody force you to do that. If Elon Musk encourages people to invest in that because they believe that Bitcoin will give them a profit but unfortunately, the situation doesn't give them a favor. And we are going to lose neither if we don't sell our Bitcoin.

Oasisman

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Rollbit

Quote from: Natsuu on February 28, 2021, 07:29:23 AM

The hype is over. so we can expect it be bearish.

If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.

Nope the hype ain't over yet. If you're only referring to Elon tweet as your basis to the recent pump, I might say you're partially wrong. Remember Btc has broke the 2017 ATH and even go further as much as $40,000 just before the Elon Musk Tweet and his Bitcoin investment goes public.
Institutional investors are coming in to the market just before the Elon Musk tweet.
Bitcoin is bound to reach 6 digit form soon.
Lastly, IMO we're still in a bullish market despite of the correction.

Casdinyard

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Bearish at this moment, I guess.
Most of the cryptos in my portfolio are on red marks and this has been a continuous downfall. What we are not sure of is to when will recovery occur or will the prices start to rise next week? 'coz if it won' t and if the situation will get worse on the market prices, this would be both of a good thing and a bad thing. Investors could make use of the opportunity to invest. While it would be somewhat of a bad thing since no one knows when will the market price start to rise. Going back with what happened before, when a huge downfall happened on the past years, it took a long period of time before recovery again was seen.

pakhitheboss

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Quote from: cheezcarls on February 28, 2021, 08:33:35 AM

Quote from: doctor877 on February 28, 2021, 07:13:40 AM

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

I am still bullish despite that I’ve expected correction due to it’s parabolic rise. Bitcoin is currently trading sideways right now, but mostly on a downtrend in favor of the bears, but it’s not going to be like 2018 all over again. It will go back up again for sure, but correction like this is necessary.

Possible key factors would be due to DeFi projects starting to pull out their liquidity and assets on Ethereum network and switch over to Binance Smart Chain due to the uncontrollable high gas fees. That’s just my own thoughts anyways.

Bitcoin is going through correction and as in the past it can correct upto 30 - 40 percent. Therefore being bullish will not help if history repeats itself. I do not expect it to again touch its new all time high in coming days. I am expecting a strong correction happening for the next few month. Hence I amnnot bullish bit bearish.

cheezcarls

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Quote from: doctor877 on February 28, 2021, 07:13:40 AM

we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.

I am still bullish despite that I’ve expected correction due to it’s parabolic rise. Bitcoin is currently trading sideways right now, but mostly on a downtrend in favor of the bears, but it’s not going to be like 2018 all over again. It will go back up again for sure, but correction like this is necessary.

Possible key factors would be due to DeFi projects starting to pull out their liquidity and assets on Ethereum network and switch over to Binance Smart Chain due to the uncontrollable high gas fees. That’s just my own thoughts anyways.

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