Bitcoin bull run or just a pump before bear market ? - page 3.

Wexnident

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Quote from: Wysi on October 07, 2019, 04:08:37 PM

Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.

Kindly share your valuable thoughts.

Bitcoin already showed its potential in the pump and this made ot hard to then read the plausible situations that bitcoin may do. With how the chart moves sideways and only negligible movements can be seen in an upward or downward scale. A lot of people are saying that by 2020, bitcoin would rise back to 20k or at least somewhere there, but the information we have is very lacking since a lot could hapen in a year.

teosanru

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Quote from: Wysi on October 07, 2019, 04:08:37 PM

Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.

Kindly share your valuable thoughts.

I got to agree this is sort of a clueless phase where predicting the side of Bitcoin for long term could be pretty difficult considering we are moving in a total sideways channel with almost no indication on any major indicators. These are the times when markets generally become news driver or whale driven. One major news on the either side could create some FUD or FOMO. Also any big whale can play the market and then we all will be decisive whether it's a bear run or bull run. I would like to stay out of the market on such occasion until a clear trend is established on the daily chart.

magneto

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I still think that bitcoin will likely retest the $8k support once again, and potentially fall under that before a rally in the latter parts of Q4 as we have seen historically to be the case.

The sentiment is still bearish, and I wouldn't jump to conclusions either way as to which direction the next move is. We're seeing sizeable rebounds once BTC dipped below $8k, but also quite some resistance when it comes to testing the $8.5k barrier.

There is really in no way a bull run. Markets are still consolidating and the signals are mixed right now. I'd say that if there was a dip under $7.5k we can safely say that we've entered bearish territory for good, but if BTC recovers above $9k, this could be the start of the recovery.

Either way, it's much better to focus on longer term stuff and fundamentals as opposed to this, imho.

uray

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Quote from: Wysi on October 07, 2019, 04:08:37 PM

Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations

The market is volatile and expect fluctuation all the time, we are not expecting a huge dump in the market from this valuation as there is nothing in the market that suggest that, unless there is a huge negative news in the market we will not see further dump, the price will move with a range like always and this is nothing new in the market.

Quote from: Wysi on October 07, 2019, 04:08:37 PM

This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.

There is no complication if you have a target price and how you evaluate the market. Check out all the support and resistance in accordance with the current market value and then you will have an idea on how the market will perform.

samcrypto

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A small pump to give some hope and light to the investors but if we failed to go break the resistance for sure we will dump again and people will panic to sell. Despite of the price and the trend this month I still believe and see bitcoin to make a good trend and maybe break the walls before the halving, more time before that to happen. A temporary pump is still ok compare to none at all, its a way also to make money to those who do day trading.

Sadlife

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Quote from: Wysi on October 07, 2019, 04:08:37 PM

Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations

i doubt that the only constant in cryptocurrency market is fluctuations,yeah it happens so many times but dont you see the growth happens more than dropping?because of not then how could the price grows up to 19k$ and now still at 4 digits value?

Quote

and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.

Kindly share your valuable thoughts.

this is the problem if we are always relying on the negativity of the news while the positive side has been carried out.never forget that in crypto Trust and Risk are partners to bring us profit or losses

CryptoBry

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Quote from: Wysi on October 07, 2019, 04:08:37 PM

Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years. Kindly share your valuable thoughts.

I am not good at predicting the price movement of Bitcoin as most likely what I have in mind can be opposite of what will be. However, i do agree that there is a big possibility that as of press time the price of Bitcoin is just a little pump before it unleashed a bigger pullback. Therefore, people who are looking for some quick bucks in trading this can be a good time to enter the Bitcoin scene again and then just get out when the profits are already on the bag.

But then again, with Bitcoin, I always love to be wrong so in case the pump can go for days and weeks and then maybe move sideways then I would be happy to be corrected. For the remaining days of 2019, I am not really expecting too many actions as people tend to convert their cryptocurrency holdings into cash as the holidays is coming. Next year, we are all hoping a different mood for the cryptocurrency market.

minairia3

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The most standard price level for btc is I think 12k to 15k until the end of the year. But make sure to sit tight when 2020 arrives lots of development on different major altcoins. I guess we can see it when the time comes. Dont worry if you havent bag some btc now then its youre chance while it is still on moderate level not too high and not too low.

rdluffy

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We don't have any reason to be in a bear market this end of the year, we have all good news, strong community, BTC is in trends, but BTC have it's own life Grin

When we think something, BTC goes to another direction

I'm expecting 10k to the end of the year, but I'wont be surprised if we started a bear

tsaroz

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Bitcoin's price is fluctuating but it's also gradually rising up. It started around 3.5K and for several months, 7.5K seems to be the new low. In my opinion bitcoin as well as crypto will have no huge bull run as the previous one because everyone are aware of dumping after huge price rise so whenever the price rises and people make profit, they cashout instead of waiting which would not let it have a large run.

TriplexXx

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Pump before the bears definitely. As we have seen recently this year we got lots of short-term pumps and dumps. we normally get the market bull run in the fourth quarter but I don't think this one is a bull run rather pump before the bears

Wysi

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Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.

Kindly share your valuable thoughts.

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