Topic: "Bitcoin: Bearish Mood Strongest Since February" - page 2. (Read 446 times)
Previous and present month almost shows same pattern, but I thinks its trying to maintain its lows consistently. I hope it will maintain at this level and don’t go even lower for it will trigger another sell offs worst if it goes to $6k or $5k.
We are in a not so good mood right now, I agree, but we should look at a bigger scope, and in my opinion we are good and will probably end the year with a good price, better than the one we started 2019
I'm not worried for the long term, but for traders this time can be hard to gain money
I'm not worried for the long term, but for traders this time can be hard to gain money
I've bought bitcoin at $7982 quite satisfy with it but still waiting for a lower price, $7700 will be a good price to buy the dip. Bitcoin still holding its territory within $7900-$8000, probably will going lower in the next 24 hours before a bounce back, just don't wanna miss the opportunity to buy more coins fraction.
$ 7,700 is a very good price to buy more Bitcoin. However, you should be careful in this situation, because if Bitcoin slides down to the price of $ 7,700 there will probably be a panic sale in the market.
I don't understand why people are even reading that guy from coindesk and quoting his predictions is even worse. He's one of those usually wrong analysts.
When we were in the bear market of 2018 he was wrong every time and most of his predictions are it will go up but it can also go down.
Consolidations aren't bearish or bullish they just are there. We can't say that we're in a bear mood when we've been making higher lows since the beginning of October.
When we were in the bear market of 2018 he was wrong every time and most of his predictions are it will go up but it can also go down.
Consolidations aren't bearish or bullish they just are there. We can't say that we're in a bear mood when we've been making higher lows since the beginning of October.
Some charts says it may fall upto $6000- 6500 region so we are in the risk of going lower from the current price and also seems market dumps further.So this was the end of long bull trap story or people who enjoyed baby bull run in 2019.
As per analysis of the chart I don't really think so. In general perspectives we consider a bullish phase when the 50MA floats above the 200MA while a bearish phase begins when the death crossover takes place and 50MA floats below the 200MA. Since Februrary we were in bearish mode but however bullish momentum came with a golden crossover in May end after which we even touched heights of 14k but since then we are again into a sideways mode which may soon turn into a bearish mode if this trend continues as death crossover can happen anytime in next couple of weeks.
My concern is if we break the $7,750 we will see the $7400 and if it falls below $7000 we will be in a very unpleasant situation because we will see the panic sale. so far I am wondering if the reason the price is not falling too much is related to halving, maybe the high expectations people have for halving that will happen next year is the reason we don't see prices like $4000 again
A drop to 4000 is unrealistic, that is very close to the previous bottom and as you say when we consider the halving is coming it is almost impossible the market will be so bearish, I think we could see bitcoin going towards 6000 during the next months and in the worst case scenario we could see 5000 but nothing lower than that, with that in mind if you are looking to buy bitcoin at the best possible price it could be a good idea to wait since it is almost a certainty the price will go down during the next weeks. 
charts do not back up what you are claiming in your title.
there is fear and some bearish mood but it is not even close to the fear and bearish mood that existed in the beginning of this year. you are basically claiming that right now that we are after a 200% rise and the big reversal after the ATL and everything has changed we are still in a situation like in February when the price was still at the bottom and the reversal had not happened yet and we were after a 85% drop!
i literary see nothing in common in the two time frames!
there is fear and some bearish mood but it is not even close to the fear and bearish mood that existed in the beginning of this year. you are basically claiming that right now that we are after a 200% rise and the big reversal after the ATL and everything has changed we are still in a situation like in February when the price was still at the bottom and the reversal had not happened yet and we were after a 85% drop!
i literary see nothing in common in the two time frames!
I think this is because of the influence of halving bitcoin which has begun to be seen when it will happen, imagine if you can buy coins before the price becomes very expensive then you can get a lot of profits and investors have begun to understand that so many have already bought bitcoin without realizing it by many people.
Over the month of February the market was bearish, from April the trend changed. Then onwards there is more growth than decline in the market. Altcoins were the one that hasn't grown good along with bitcoin. This is expected to take place by 2020. Over the past few weeks there is not much of growth, and the same has made people describe the ongoing move to be bearish. Hopefully this will change as good growth is to happen over the falling months.
If Bitcoin keeps it around $7,750 will be great.
Lately, at Bitmex, I'm watching moves like steady - steady - drop of $200-$300 - steady - drop of... repeat. And I'm worried because there aren't any significant news to trigger those drops.
I already transferred 30% of my BTC into alts and TUSD.
Lately, at Bitmex, I'm watching moves like steady - steady - drop of $200-$300 - steady - drop of... repeat. And I'm worried because there aren't any significant news to trigger those drops.
I already transferred 30% of my BTC into alts and TUSD.
The current price of bitcoin right now 8,053$ which is totally near to go down again in 7900$, As you can see we are now expecting the bear market simply because of the falling movement of bitcoin. Actually, I'm so happy in the last few days because of the price peak at the price of 8800$ something I know it might be the sign for another bull run for this last quarter but later on, the price of bitcoin start to fall down again and that time I'm worried because I know there is a very low chance that there will another bull run.
If it will go lower, honestly i agree. But without analysis only because people will be happy if get bitcoin for lower price before halving. Usually circulation happen like that, dumped and then pumped with good events and then stable or maybe dumped again.
Isn't it that there are people people that even predicts that bitcoin will hit that level or below? So I'm not surprised by this news because we have members here who have predicted it as well.
I would agree that we don't want the price to go that low, after hitting $13k in June and now we are in the position that the price will significantly go as low as $6k-$7k. But we can't really stop that happening, but I believed that it could be a normal flow and let's look at the bright side and take the opportunity to accumulate again.
I would agree that we don't want the price to go that low, after hitting $13k in June and now we are in the position that the price will significantly go as low as $6k-$7k. But we can't really stop that happening, but I believed that it could be a normal flow and let's look at the bright side and take the opportunity to accumulate again.
My concern is if we break the $7,750 we will see the $7400 and if it falls below $7000 we will be in a very unpleasant situation because we will see the panic sale. so far I am wondering if the reason the price is not falling too much is related to halving, maybe the high expectations people have for halving that will happen next year is the reason we don't see prices like $4000 again
It will be unpleasant for sure, but it will only be temporary. Can't enjoy the eggs if we don't break them wide open, right? If BTC drops back to 6k plus, I will be very excited for prospects of a full term recovery in early 2020 and upcoming towards halving event.
Because you bet people will be buying in again expecting at least return to 20k.
Some prediction says, that Bitcoin is forming a death cross pattern similar to what happened before when Bitcoin dropped down around $3,000 mark.
There's no point planning on a death cross before it actually happens. The 50-day and 200-day MAs are set to intersect in a week or two. This has time to play out in either direction.
It's good to keep in mind though. Daily golden/death crosses are usually good performers in BTC, with a few exceptions. There were some false crosses in 2014 and 2015. Notably there was a death cross in September 2015, shortly before the long term bull market (which culminated in the 2017 bubble) began.
I've bought bitcoin at $7982 quite satisfy with it but still waiting for a lower price, $7700 will be a good price to buy the dip. Bitcoin still holding its territory within $7900-$8000, probably will going lower in the next 24 hours before a bounce back, just don't wanna miss the opportunity to buy more coins fraction.
Will the lowest price happen to fall to $ 7700 I am still confused what is the lowest price bitcoin should I wait for $ 7500? I want to stock up on bitcoin at the right time maybe for the future I see bitcoin looking green in the market.
any fluctuations that are below 5% or in most cases below 10% even are not really worth discussing about and calling them "downtrend" or "uptrend" which is the case with "from $8,326 to $8,086 in the 60 minutes" mentioned here in OP.
the only thing that matters is when the price change is big or when it breaks some support or resistance levels. in this case when $8k itself was broken and price went below it, then it became important. and to be honest there is a lot of dump going on but it still doesn't look that strong to me and the "mood" is in my opinion mostly scared rather than being bullish or bearish. which is why the volume isn't that high and also why the price is NOT tanking even though there is a ton of dumping and price went below $8k it is still staying pretty close to it.
the only thing that matters is when the price change is big or when it breaks some support or resistance levels. in this case when $8k itself was broken and price went below it, then it became important. and to be honest there is a lot of dump going on but it still doesn't look that strong to me and the "mood" is in my opinion mostly scared rather than being bullish or bearish. which is why the volume isn't that high and also why the price is NOT tanking even though there is a ton of dumping and price went below $8k it is still staying pretty close to it.
Some prediction says, that Bitcoin is forming a death cross pattern similar to what happened before when Bitcoin dropped down around $3,000 mark. And we're gonna be expecting a bearish cycle until mid november.
A TA prediction that really makes sense, since the price has no sign of recovery after we hit the $8,600 mark and slowly falling down to this very moment.
A TA prediction that really makes sense, since the price has no sign of recovery after we hit the $8,600 mark and slowly falling down to this very moment.
If Bitcoin goes for 7700 USD, then I would not call it a bearish season. But I am afraid that we can see a lower price than 7700-7000! Last year we saw a major drop in November, this year has the same chance.
it's funny, people were saying the opposite last year---that bitcoin usually goes up in q4 so it would do the same in 2018. my experience is that people tend towards recency bias, thinking "it happened last time so the same thing will happen this time".
i would keep an open mind and take a more statistics-minded approach. after all, since 2010 we've had 7 bullish novembers and 2 bearish ones.
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