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Topic: Bearish trend is over - page 18. (Read 2151 times)

full member
Activity: 476
Merit: 101
May 05, 2018, 10:31:44 PM
I have a good feeling that is over. I'm still hearing negative news but it does not affect bitcoin that much. A lot of whales must be supporting the price until we enter a huge a bull run until they let it crash again after that.
legendary
Activity: 1526
Merit: 1179
May 05, 2018, 08:31:01 PM
That's why we have to think that this is the right timing to sell when the market is bullish.
If the market is bullish it doesn't mean you should start liquidating profits directly. It firstly depends on your profit standards of course, but with everything that happened last year, it's impossible to call end.

People started calling end at the $2000 mark last year, which repeated itself all the way up to near the top peak levels of $20,000. I rather cash out small parts of my profits in order to not miss out on more gains.

Unless there are clear signs that the bull phase is over or starting to lose steam, then you can choose to cash out big, but in normal circumstances people are far better off just cashing out smaller parts of their holdings.

Better safe than sorry. No one wants to experience what a lot people experienced last year with how they cashed out far too soon. I wouldn't even be surprised if they bought their coins back at way higher levels.
hero member
Activity: 3010
Merit: 666
May 05, 2018, 07:24:55 PM
but I don't think that bearish trend is over because, in the cryptocurrency, everything can happen and without any warning. maybe this is over but I think we still need to wait for another time to see all coins getting increase higher. we still far to see the price is back to higher price and I think it will like this for temporary but soon all coin and not just bitcoin will increase again.
By over, it never means that we will never come across decline ever in future. Digital market is still in its infancy and volatile. Fluctuations are done both way. The price grows up and falls down from time to time and this will keep on happening until there is stability in the values. But that is not very easy to attain. It takes many years before an asset becomes stable and that also don’t produce profit.
That's why we have to think that this is the right timing to sell when the market is bullish.
We have been waiting for this time so we should know how to benefit from their trend, if we are for long term, bullish or bearish does not
matter to us because we will hold no matter what.
full member
Activity: 448
Merit: 102
May 05, 2018, 03:09:54 AM
but I don't think that bearish trend is over because, in the cryptocurrency, everything can happen and without any warning. maybe this is over but I think we still need to wait for another time to see all coins getting increase higher. we still far to see the price is back to higher price and I think it will like this for temporary but soon all coin and not just bitcoin will increase again.
By over, it never means that we will never come across decline ever in future. Digital market is still in its infancy and volatile. Fluctuations are done both way. The price grows up and falls down from time to time and this will keep on happening until there is stability in the values. But that is not very easy to attain. It takes many years before an asset becomes stable and that also don’t produce profit.
legendary
Activity: 2576
Merit: 1655
May 04, 2018, 04:43:55 PM
Nope, if this month close price of bitcoin is not over 10,000$ (FMO). Marketcap still in recover situation, and maybe this is a bull trap to attractive more new investor after a long time dowtrend.

NO. This is not a bull trap. Bitcoin has already consolidated and we are now marching towards another bullrun specially once we hit $10K in the net coming days. If this is a bull trap the price could have gone down when we breach $9K, however, there just minor dip along the way and then the price goes up above $9500. So I do think that the bearish trend is over, but the market still needs a lot of money to get to $10K and above.
sr. member
Activity: 952
Merit: 250
May 04, 2018, 04:43:05 PM
Not so fast dude, go to Bitcoin chart way back 2014. And try to compare it to our current's Bitcoin chart in a "weekly" view. Also compare it to Bitcoin's chart in $2009 to $2013. You will see that Bitcoin is possible to crash again and to hit $3k. Dont be fooled by this dead cat bounce. If you are seeing green now, in the next few months this will become all red.

Since bitcoin and the cryptocurrencies markets get into bearish trend since December 16, 2017 we have seeing alot of comments and post about people and traders asking were is the bottom and should we buy and hold?  I think personally, the downward trend is over when bitcoin push above $10,250 and $10,850 this morning!  The bullish trend has been trigger and bitcoin is going to break the December high of $19,000 and move above that level towards $25,000 before we can see another major bearish again. What did you think?
hero member
Activity: 3052
Merit: 651
May 04, 2018, 03:47:13 PM
Yes. Today the whole market is a blue. This blue is the hope of many investors holding the altcoin. They may continue to increase until the end of this year. This is going to be a boom year for the Crypto market.

 Grin Mostly it was green and this is a new thing, a blue color. Does that mean a great bull?  Grin

Don't get your hopes up just yet peeps. If we don't break out of 9.7k doubletop levels very soon, bull market isn't confirmed and we will probably be going down again. It's crucial we stay above 9200..lets see what happens. I'm rooting for the bull  Cheesy


Well we cannot tell that but you are right, do not get hopes up cause anything could happen from now on.
I bet large holders are now gritting their teeth into what they will do.
Some may have lack of sleep by now trying to think if they should dump or hope that there will be more.
Been there and never done that again. It's stressful so I better just hodl.
sr. member
Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
May 04, 2018, 02:26:42 PM
This is a dangerous situation. It may happen, that large players want to close large positions. What are the fundamental reasons for bitcoin's growth?  Huh It is difficult to say, why investors buy bitcoin at this price.

Not really. Its not about the big player now but its all about the bull run that is in process. Lets not confuse this situation with those artificial pump and dump one's made by the whales. Its perfectly pure bull run caused after the big dump thats all is my understanding.

If large players want close the positions then they will do it at 12K USD and ahead as they know very well bitcoin has that much potential to reach bigger prices. Thus, more the profits along the way with just little more waiting.
jr. member
Activity: 287
Merit: 6
May 04, 2018, 12:22:53 PM
Nope, if this month close price of bitcoin is not over 10,000$ (FMO). Marketcap still in recover situation, and maybe this is a bull trap to attractive more new investor after a long time dowtrend.
jr. member
Activity: 210
Merit: 3
May 04, 2018, 12:15:51 PM
This is a dangerous situation. It may happen, that large players want to close large positions. What are the fundamental reasons for bitcoin's growth?  Huh It is difficult to say, why investors buy bitcoin at this price.
hero member
Activity: 1274
Merit: 500
May 04, 2018, 11:45:26 AM
total market cap for crypto market was already 440billion$  plus  and still increasing day on day. i can say that bearish trend is over and market are slowly in an uptrend mode though it is very early to say  but with the result on how crypto market reacts it seems we are entering in bullish season and that would be great to all of us.
I think sharks and big investors are coming back to work in this market and they are trying to help the market recover miraculously in the short term but this could also be a trap because we are not predict what will happen and it is best to hold to BTC and ETH as it will be safer
newbie
Activity: 81
Merit: 0
May 04, 2018, 10:00:24 AM
Most of the weak hands are out now which is great for us all.
jr. member
Activity: 124
Merit: 1
May 04, 2018, 08:37:49 AM
We are happy for what is going on in crypto market now as the market Bitcoin appreciate. There is a rise now, kudos to those who were able to hold till now.
jr. member
Activity: 246
Merit: 1
May 04, 2018, 08:35:07 AM
Don't get your hopes up just yet peeps. If we don't break out of 9.7k doubletop levels very soon, bull market isn't confirmed and we will probably be going down again. It's crucial we stay above 9200..lets see what happens. I'm rooting for the bull  Cheesy



member
Activity: 378
Merit: 10
“The Premier Digital Asset Management Ecosystem”
May 04, 2018, 08:23:45 AM
Yes. Today the whole market is a blue. This blue is the hope of many investors holding the altcoin. They may continue to increase until the end of this year. This is going to be a boom year for the Crypto market.
hero member
Activity: 2114
Merit: 603
May 04, 2018, 07:59:38 AM
Since bitcoin and the cryptocurrencies markets get into bearish trend since December 16, 2017 we have seeing alot of comments and post about people and traders asking were is the bottom and should we buy and hold?  I think personally, the downward trend is over when bitcoin push above $10,250 and $10,850 this morning!  The bullish trend has been trigger and bitcoin is going to break the December high of $19,000 and move above that level towards $25,000 before we can see another major bearish again. What did you think?
That market has recovered from the price crash and crypto bloodbath has ended. The prices of all the major coins are bouncing back to normal including bitcoin as it has crossed the price level of $10k in global market. It's the potential of btc that after crashing to such lower levels of $6000 it has recovered to this value which is on average 1.5x growth in one month. Many new surprises are waiting this year. The bull run continues from here and we might see little corrections but this bearish trend is very far away from now in which all major coins will crash. So be happy and hodl your coins.
newbie
Activity: 72
Merit: 0
May 04, 2018, 06:58:15 AM
It's certainly starting to look that way!
full member
Activity: 420
Merit: 100
May 04, 2018, 06:50:20 AM
yes its same by watching the current market situation and this trend is good to all of the coin holders and almost the new investors because in near future the price of all coins will increase day by day in Bull trend,
hero member
Activity: 3052
Merit: 606
May 03, 2018, 05:49:25 PM
#99
total market cap for crypto market was already 440billion$  plus  and still increasing day on day. i can say that bearish trend is over and market are slowly in an uptrend mode though it is very early to say  but with the result on how crypto market reacts it seems we are entering in bullish season and that would be great to all of us.
Definitely yes!We are now in a bull run since the price market is steady in its upward position.I'm sure lot of people have been waiting for this to happen for their investments to grow even more.And i'm lucky enough i have bought bitcoins when we experienced dips from those previous months,so i'll just wait for the perfect time to sell them again and gain huge profit.
hero member
Activity: 1092
Merit: 501
May 03, 2018, 05:37:07 PM
#98
I think that your analysis is valid, I believe we have reached the bottom of btc price and now it is in the works to take off again. I believe it will be able to reach $20k easily its just a matter of when.

I think seeing $15,000+ is quite close now, as the negative hysteria associated with crypto appears to have bottom out, and we're seeing a genuine strong reversal now.
The bottom was reached I agree on that but I disagree in the part in which you state that reaching 20000 is going to be easy, it is not going to be easy we got close to it thanks to a huge update by the developers and we got a huge hype by the media and by investors, it was almost the perfect storm and we will need the perfect storm to reach that price and surpass it.
It does not matter if it's not easy, what's important is we will reach that level again.
I would like to see a steady increase than a abrupt increase, stable price increase would bring us to the top and people are trusting bitcoin now
as it has already recovered and people believe we are bullish now.
It matters, I have seen many people predicting that the price of bitcoin is going to reach and even surpass the previous all time high in just a few months and I do not know about you but I'm not that positive about the short term future of bitcoin, I am very bullish when it comes to the long term but when it comes to the short term I prefer to be a lot more cautious.
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