Topic: Bitcoin Bull Run Over? Mati Greenspan Reveals a Shocking Analysis (Read 309 times)
I don't think the bitcoin bull run is over. It still has a long way to go. I couldn't be unanimous with the analysis. I think history is being repeated and it will reach a high like December of last year.
August 02, 2018, 03:37:33 AM
Bitcoin bull run according to the eToro senior analyst Mati Greenspan is led by Japanese and Koreans. Bitcoin Volume in East Asia during the price spike has also been on the rise as he further explains the reason for the same.
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
Just because asians are getting into the bitcoin doesn't mean all of the rush came from them. Do not forget that bitcoin is a volatile currency which means that if koreans and japan wanted to get more bitcoins and the rush came from them, it also means that a lot more people followed them and bought as well, no one can handle that much increase all by themselves when others are trying to sell, which means whole world wanted to buy WITH them.https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
However, he is right that the prices are a lot closer to each other on the markets, I do remember the times when markets had so much arbitrage differences. It had happened in the past for sure but, from those occasions market had bounced into new high too. Those things are not the right indicators to predict the bull-run and its end.
Exactly the point. The market cap is quite high and it takes a lot of money to send it in one direction or the other. But once a catalyst hits, the rest of the world doesn't wait long to get on. If you look real closely at the chart you can see interesting movements in the 5min candles, where one long one sets off an avalanche.
The good thing about closer prices is that it's a sign of regulation (by the people, not the governments). The exchanges that quote spreads as high as the moon are being weeded out as people turn to more reliable and trustworthy sources for their trading needs.
July 31, 2018, 07:49:30 AM
Bitcoin bull run according to the eToro senior analyst Mati Greenspan is led by Japanese and Koreans. Bitcoin Volume in East Asia during the price spike has also been on the rise as he further explains the reason for the same.
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
Lol this is another bullshit story,cant you see how market goes now?and now telling us that bullrun is over?damn man theres no bull so far because were just on the state of recovery,where in the world you get this crap?we have lots of movement to expect before the bull finally arrived so stop smoking weeds and continue to work for profit,and please stop sharing hearsay its not helping
July 31, 2018, 07:07:08 AM
Bitcoin bull run according to the eToro senior analyst Mati Greenspan is led by Japanese and Koreans. Bitcoin Volume in East Asia during the price spike has also been on the rise as he further explains the reason for the same.
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
Just because asians are getting into the bitcoin doesn't mean all of the rush came from them. Do not forget that bitcoin is a volatile currency which means that if koreans and japan wanted to get more bitcoins and the rush came from them, it also means that a lot more people followed them and bought as well, no one can handle that much increase all by themselves when others are trying to sell, which means whole world wanted to buy WITH them.https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
However, he is right that the prices are a lot closer to each other on the markets, I do remember the times when markets had so much arbitrage differences. It had happened in the past for sure but, from those occasions market had bounced into new high too. Those things are not the right indicators to predict the bull-run and its end.
July 30, 2018, 07:46:07 PM
I don't believe this speculation at all, for me it's a bit too political, I think the one that drive the price is the etf news and with the rising some people start to compare the price with the history chart in the past year, if the speculation of Mati real then it's a shocking news that crypto has been used in a political matters
July 30, 2018, 07:06:08 PM
It's amazing how predictions can turn out to be shocking especially if it goes against the current general sentiment of the market. All reasons have been given, yet there's hardly anything that came up with much substance, only guesses and nothing more. I'd be more interested in a prediction without bias but only facts on hand but so far, none of them seem to satisfy me nor the criteria I'm looking at. South Korea and Japan are absolutely the biggest market movers in the recent rise, but for reasons unknown.
July 30, 2018, 12:04:00 PM
I don't know about "shocking" but at least it's a different take on the explanations (note, my interest in all this is purely to see how these analysts analyse, I don't believe any of them have hit the nail on its head or anything). Couple of days ago, someone else pointed out that it's Yuan devaluation that could be fuelling this "bull run". It's getting quite creative now as people are aware that tropes are being recycled.
Yet again, reasons are debunked, and price continues to move in whichever direction it so chooses. Reasons and excuses notwithstanding.
Yet again, reasons are debunked, and price continues to move in whichever direction it so chooses. Reasons and excuses notwithstanding.
July 30, 2018, 11:35:25 AM
What I see as the most important is the advantage of the scenario that happen last week no matter how short-lived it was. It once again rejuvenate hope in the heart of those that have lost it, hope for those who are the brink of dumping and cutting their losses, hope to those who have given up till the future as to when they can come back to check how things are doing and lessons to those who just decided to dump just few days to the beginning of the run and that is the take out which I am expected to be sustained considering the good recent happenings related to crypto.
I get your point, but what you are describing hints at people who shouldn't have invested in Bitcoin in the first place. These people are clearly not made to expose themselves to the hostile nature of this market. People tend to see this market as a joke or a fun side hobby that could pay off big time, but it's not and it won't because of people's ignorance. Markets don't go up endlessly, which is something they don't understand.
Overall, whether average joes are bag holding or buying high selling low, they'll lose anyway. It happens in almost every market already, where crypto as always is even more extreme with weeding out weak hands.
July 30, 2018, 09:59:15 AM
What bull run? I dont see any.
July 30, 2018, 09:44:34 AM
Bitcoin bull run according to the eToro senior analyst Mati Greenspan is led by Japanese and Koreans. Bitcoin Volume in East Asia during the price spike has also been on the rise as he further explains the reason for the same.
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
I am not surprised at this analysis because any time there is a change in the normal status quo, there is always someone wanting to claim credit for having all the answers as to what recently happened. I don't understand whether an increase or a decrease, it must surely start by someone or some group of people before others starts falling in line till it will circulate to the entire crypto market and not bitcoin alone.
What I see as the most important is the advantage of the scenario that happen last week no matter how short-lived it was. It once again rejuvenate hope in the heart of those that have lost it, hope for those who are the brink of dumping and cutting their losses, hope to those who have given up till the future as to when they can come back to check how things are doing and lessons to those who just decided to dump just few days to the beginning of the run and that is the take out which I am expected to be sustained considering the good recent happenings related to crypto.
July 30, 2018, 09:23:37 AM
Actually, it might be true that Japanese and Koreans have something to due to make an effect in BTC price rise but it is not possible that they know what to come as Crypto-market can be assumed but not certainly can be determined about future. The rumor is in the high as they got benefited by BTC market Bullrun. These are just my assumption.
July 30, 2018, 04:58:07 AM
BTC is just resting now and waiting for a better news.
i was expecting a more dip when the SEC rejected ETF but i was wrong.
i think BTC will hit 9K this August or even 10K we just need to wait.
i was expecting a more dip when the SEC rejected ETF but i was wrong.
i think BTC will hit 9K this August or even 10K we just need to wait.
July 30, 2018, 03:13:06 AM
I feel like these news are there to only mislead people and keep them away from investing in BTC. Even when BTC rose up to 20,000$ people were making negative remarks and posting articles on how BTC has been hyped. I don't thinks articles like these will leave much impact on the recent growth of BTC.
Yeah this article is crap. There's no bull run, and there's no reason to be calling for it to be over either. So what if the Japanese and Koreans decided to buy bitcoin? How does that mean that it's not going to rise anymore?
There seems to be a big difference between the headlines and article content these days, probably because most traders don't bother to read much deeper anymore. I think they're trying to sensationalize it. Besides, the guy works for a forex broker. He's not a real analyst, he just knows how to read volume charts.
It is true though that devaluation of a currency is good for bitcoin. Let's hope that the Japanese, Chinese and Korean central banks all drop their currencies in fear of a trade war.
July 30, 2018, 03:02:53 AM
Though the analysis seems legit, there are hundreds of legit analysis on both sides of bitcoin. I think it is a pause trigger by Winklevoss brother's ETF refusal after a run of over $2000 price rise in less than a month. IMO, it will rest there for sometime or even dip into $7800 before bitcoin takes another leap forward.
July 30, 2018, 02:37:01 AM
Wait what? The article didn't mention any reasons why the theoretical bull run may be over. This is literally the only instance where they talked about the bull run being over:
Quote
So, the question that rears its ugly head is, Does it mean the bulls step back or keep on charging? For now, Bitcoin is in the green and maintaining its above $8k stance while the crypto market is somewhat in the mix.
Plus I believe the tweets about Bitcoin's liquidity were also more bullish than bearish for the longer term. Maybe the owners of Coingape missed buying the dip and were compelled to do FUD to cause people to panick so they can buy. Hahaha.
July 29, 2018, 04:45:03 PM
Why are people surprised with the volumes on the Japanese or Korean market? They have carried the torch since China left, so obviously those two nations are really pouring a lot of cash in the market eversince.
This is just another bull shit article. We can't even call this a bull run, just a minor recovery. Trading volumes is not even where we can call it like that, the volume is still the same, around 5 million. If that volumes double, then we can say it is a bull run. But with today's volume? No, sorry to burst the bubbles for you.
Bitcoin bull run according to the eToro senior analyst Mati Greenspan is led by Japanese and Koreans. Bitcoin Volume in East Asia during the price spike has also been on the rise as he further explains the reason for the same.
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
This is just another bull shit article. We can't even call this a bull run, just a minor recovery. Trading volumes is not even where we can call it like that, the volume is still the same, around 5 million. If that volumes double, then we can say it is a bull run. But with today's volume? No, sorry to burst the bubbles for you.
July 29, 2018, 03:50:48 PM
I feel like these news are there to only mislead people and keep them away from investing in BTC. Even when BTC rose up to 20,000$ people were making negative remarks and posting articles on how BTC has been hyped. I don't thinks articles like these will leave much impact on the recent growth of BTC.
The price movement of bitcoin as of this moment is just a normal price increase or a recovery price adjustments from its lowest dip. I don't think this can be called a bullrun, that for every increase there's a step back of price. For me, a bullrun has not yet been initiated... We'll just wait and see.
July 29, 2018, 08:55:42 AM
someone making a random statement based on his guess is doing an "analysis", if things were that easy then everyone on bitcointalk would have been considered super experts because of the guesses they make every day!
this is very true but also remember that when we are at that point then it is already too late and all the initial stages like the "bottom" and the "accumulation" when investors should start investing are over.
We can't say we're back in a bull market until we get past $10,000.
this is very true but also remember that when we are at that point then it is already too late and all the initial stages like the "bottom" and the "accumulation" when investors should start investing are over.
July 29, 2018, 08:27:42 AM
We can't say we're back in a bull market until we get past $10,000.
Correct. It will turn out to be a crucial level, because if we don't manage to break it this year, we'll keep building on the lower high lower low trend. It's the only consistent trend we have experienced this year, and it may continue for a long time. The only thing to look forward to is more institutional adoption, which may take years, another ETF, which isn't something you can count on as we know, and then the block halving.
For now it's pretty silly that we are waiting for a regulator to make or break the short term market with their decision.
Bitcoin bull run according to the eToro senior analyst Mati Greenspan is led by Japanese and Koreans. Bitcoin Volume in East Asia during the price spike has also been on the rise as he further explains the reason for the same.
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/
Well the two year bitcoin bull run actually ended in December 2017. We're in a bear market - the question is whether events of the last few weeks mean we have bottomed out and are edging back up again. We can't say we're back in a bull market until we get past $10,000.
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