Topic: Bitcoin Bulls Near Exhaustion, Investors Should Be Wary - page 2. (Read 770 times)
Today I read an article that at the moment the investor's greed index is at its peak. This index is not used as a technical analysis tool, but it is determined by several factors. It is possible that the market will soon become bearish, I do not exclude this. But I want to believe that this will not happen
More than one week after your post, there are again signs of weakness in bull pressure. Upwards momentum is slowing, volumes get thiner on significant price levels - it seems than we will be crawling around $8,000 for some time.
This is normal in the market, we cannot always get constant increase and even if Bitcoin settles down on this price for the rest of the year, it is still a very big progress and a great achievement for the year compared to where we are coming from after the last bear market. We still have very active investors that are keeping the value of Bitcoin in uptrend and as against investors being exhausted, they are not, what we just lack a little bit are new investor or new crypto adopter which we don’t expect to grow suddenly. Rome was not built in a day, and adopter are coming in with time, the number will keep increasing and has they gradually increases, the price of Bitcoin will gradually increase too.
According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoin’s one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken past, often acts as a catalyst for a bearish trend reversal.
What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.
Full Story Here.
Your thoughts guys?
Such analyzes have become false with the crypto market. The assumptions given are quite reasonable but in fact go against that analysis. The price of BTC has increased to nearly $ 8200 and this proves that it is anything that can happen. The power of bull run is great and the candles will not create the story. What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.
Full Story Here.
Your thoughts guys?
Bitcoin will do halving in 2020. Bitcoin is very likely to be in a bullish position this month. Also, the fact that the market has just woken up from a long crypto winter will give more confidence to rising sentiment. And many of the opinions of experts on Bitcoin price predictions could rise to 84% by the end of this year.
some people continue to talk about halving and its effect on the increase in the price of bitcoin, but I don't see it happening now. right now I see a very significant change in Litecoin that is increasing very well, and some people associate it with halvingJust think about it like this, if the bullish trend stays for more than a week then bearish will stay more than a week too. Don't just expect continuous growth in a strong volatility market.
And just to add, halving will not make the price goes on a dramatic spike overnight. It take some time, probably another 4-6 months before we can finally say that it is really the catalyst. So it will be a continue battle, because there is bulls/bears fighting each other in this kind of market.
I have been hearing what halving is expected to contribute to the surge of Bitcoin, but still cannot understand how it will affect it exactly, we just have to wait and see.
More than one week after your post, there are again signs of weakness in bull pressure. Upwards momentum is slowing, volumes get thiner on significant price levels - it seems than we will be crawling around $8,000 for some time.
And what is problem with that? Like price didnt make a nice progress until now, but for some people there is no word "enough". Always more, always higher, always some pressures, some stupid weakness.. I think that most of the people dont even know what this words means. This headline bulls near exhaustion is very stupid thing to say, what that actually means? How can they get exhausted in the first place? And for the investors, who invested 6 months ago can sleep nice now with profit, who was thinking to much and wait dip made a huge mistake, learn from that.
More than one week after your post, there are again signs of weakness in bull pressure. Upwards momentum is slowing, volumes get thiner on significant price levels - it seems than we will be crawling around $8,000 for some time.
Bitcoin will do halving in 2020. Bitcoin is very likely to be in a bullish position this month. Also, the fact that the market has just woken up from a long crypto winter will give more confidence to rising sentiment. And many of the opinions of experts on Bitcoin price predictions could rise to 84% by the end of this year.
some people continue to talk about halving and its effect on the increase in the price of bitcoin, but I don't see it happening now. right now I see a very significant change in Litecoin that is increasing very well, and some people associate it with halvingJust think about it like this, if the bullish trend stays for more than a week then bearish will stay more than a week too. Don't just expect continuous growth in a strong volatility market.
And just to add, halving will not make the price goes on a dramatic spike overnight. It take some time, probably another 4-6 months before we can finally say that it is really the catalyst. So it will be a continue battle, because there is bulls/bears fighting each other in this kind of market.
It is a difficult thing to ask from buyers to keep buying just to go up however it is also quite possible that maybe instead sellers will start to sell less?
Nobody considers that as an option but that is a way bitcoin could go up as well. I know the norm is people buying and that is why sellers are either actually selling or removing their orders but maybe this time buyers will not be buying that much but sellers will realize that there is a chance they could profit a lot from it and stop selling at the resistance levels and traders will take advantage of that?
You do not need to buy all orders until 20 thousand dollars to make bitcoin worth 20 thousand dollars, you just need ot make sure nobody sells under 20 thousand dollars and you have bitcoin at 20k without buying a single satoshi.
Nobody considers that as an option but that is a way bitcoin could go up as well. I know the norm is people buying and that is why sellers are either actually selling or removing their orders but maybe this time buyers will not be buying that much but sellers will realize that there is a chance they could profit a lot from it and stop selling at the resistance levels and traders will take advantage of that?
You do not need to buy all orders until 20 thousand dollars to make bitcoin worth 20 thousand dollars, you just need ot make sure nobody sells under 20 thousand dollars and you have bitcoin at 20k without buying a single satoshi.
Bitcoin will do halving in 2020. Bitcoin is very likely to be in a bullish position this month. Also, the fact that the market has just woken up from a long crypto winter will give more confidence to rising sentiment. And many of the opinions of experts on Bitcoin price predictions could rise to 84% by the end of this year.
some people continue to talk about halving and its effect on the increase in the price of bitcoin, but I don't see it happening now. right now I see a very significant change in Litecoin that is increasing very well, and some people associate it with halvingJust think about it like this, if the bullish trend stays for more than a week then bearish will stay more than a week too. Don't just expect continuous growth in a strong volatility market.
And just to add, halving will not make the price goes on a dramatic spike overnight. It take some time, probably another 4-6 months before we can finally say that it is really the catalyst. So it will be a continue battle, because there is bulls/bears fighting each other in this kind of market.
Bitcoin will do halving in 2020. Bitcoin is very likely to be in a bullish position this month. Also, the fact that the market has just woken up from a long crypto winter will give more confidence to rising sentiment. And many of the opinions of experts on Bitcoin price predictions could rise to 84% by the end of this year.
some people continue to talk about halving and its effect on the increase in the price of bitcoin, but I don't see it happening now. right now I see a very significant change in Litecoin that is increasing very well, and some people associate it with halvingJust think about it like this, if the bullish trend stays for more than a week then bearish will stay more than a week too. Don't just expect continuous growth in a strong volatility market.
Smart buyers and traders do not stay away from the market or afraid, any smart trader who has studied the market should be fully conversant with corrections, and rather that getting scarred and shying away, they see it as an obligation, or would I say opportunity to add more of the coins to the wallet, in order to take more profit.
So traders should even be the one that this type of fluctuation will favor more, because they always get the opportunity to buy low, and then wait for the price to surge again to sell high which is how majority of people like me has been making our money on special occasions like this.
So traders should even be the one that this type of fluctuation will favor more, because they always get the opportunity to buy low, and then wait for the price to surge again to sell high which is how majority of people like me has been making our money on special occasions like this.
My trade setups for today
BTC/USD
14 Day RSI at 80% $11,321
14 Day RSI at 70% $9,190
Pivot Point 2nd Resistance $8,436
Pivot Point 1st Resistance $8,232
Biggest resistance 7 days $8,125
Take profit $8,081
Pivot Point 1st Support $7,677
Buy more $7,537
14 Day RSI at 50% $7,491
Biggest support 7 days $7,454
Pivot Point 2nd Support $7,327
Buy signal: When the first buy signal comes, buy only if you have sold earlier with a higher price and can make a profit. Otherwise let the price go down, wait until the "Change one hour" turns to positive, and the price has hit a buy wall.
Sell signal: When the first sell signal comes, sell only if you have bought earlier with a lower price and can make a profit. Otherwise let the price go up, wait until the "Change one hour" turns to negative, and the price has hit a sell wall.
Bitcoin will do halving in 2020. Bitcoin is very likely to be in a bullish position this month. Also, the fact that the market has just woken up from a long crypto winter will give more confidence to rising sentiment. And many of the opinions of experts on Bitcoin price predictions could rise to 84% by the end of this year.
some people continue to talk about halving and its effect on the increase in the price of bitcoin, but I don't see it happening now. right now I see a very significant change in Litecoin that is increasing very well, and some people associate it with halving I also see the number of buyers falling and the traders are not encouraging at this time. because the BTC price has adjusted 2 times in a row and that has caused the whole market to go down psychologically.
The traders are now quite frightened at the moment and therefore the volume is getting less and less.
Upcoming whales will pump prices again and our market will continue bustling.
Smart buyers and traders do not stay away from the market or afraid, any smart trader who has studied the market should be fully conversant with corrections, and rather that getting scarred and shying away, they see it as an obligation, or would I say opportunity to add more of the coins to the wallet, in order to take more profit. The traders are now quite frightened at the moment and therefore the volume is getting less and less.
Upcoming whales will pump prices again and our market will continue bustling.
So traders should even be the one that this type of fluctuation will favor more, because they always get the opportunity to buy low, and then wait for the price to surge again to sell high which is how majority of people like me has been making our money on special occasions like this.
I believe bitcoin has the ability to pump itself without whales influence and had showed with the recent institution in flow of fund. The manipulation in the market is just to control the rate of growth and it has not been cheap. We will see such trend ti; December before we see a different movement next year. The correction will come often and we need to get used to it
According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoin’s one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken past, often acts as a catalyst for a bearish trend reversal.
What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.
Full Story Here.
Your thoughts guys?
All these are prediction and speculation and there is really nothing to worry about, all it is it just a push and pull from whales and bears as they realize that this is might be there last chance to get their hands on some btc at this low of a price as we slowly approach the point where starts buying before the halving in which the prices might reach very high levels, we went back and for between the 7k and 8k multiple times and it is obviously corrections and once it breaks past the 8.5k will be good to go. What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.
Full Story Here.
Your thoughts guys?
where we can presume that we are currently seeing the same situation.I don't see for people do see that exhaustion thing yet only big players on
this market can sees through it.
According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoin’s one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken past, often acts as a catalyst for a bearish trend reversal.
What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.
Full Story Here.
Your thoughts guys?
All these are prediction and speculation and there is really nothing to worry about, all it is it just a push and pull from whales and bears as they realize that this is might be there last chance to get their hands on some btc at this low of a price as we slowly approach the point where starts buying before the halving in which the prices might reach very high levels, we went back and for between the 7k and 8k multiple times and it is obviously corrections and once it breaks past the 8.5k will be good to go. What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.
Full Story Here.
Your thoughts guys?
I also see the number of buyers falling and the traders are not encouraging at this time. because the BTC price has adjusted 2 times in a row and that has caused the whole market to go down psychologically.
The traders are now quite frightened at the moment and therefore the volume is getting less and less.
Upcoming whales will pump prices again and our market will continue bustling.
The traders are now quite frightened at the moment and therefore the volume is getting less and less.
Upcoming whales will pump prices again and our market will continue bustling.
Josh is just another whale that missed out of the train and trying to create an FUD to cause dump so he can panic investor to buy at dipper price
No, not at all! Josh used to be a regular in the Tradingview chat a couple years ago. He's a good guy, always trying to help novice analysts, and is just employing classical TA. Very straight forward stuff. There's nothing FUD-like about his analysis. He's not a whale either, just a regular retail trader like us.
According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoin’s one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken past, often acts as a catalyst for a bearish trend reversal.
What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.
Full Story Here.
Your thoughts guys?
Josh is just another whale that missed out of the train and trying to create an FUD to cause dump so he can panic investor to buy at dipper price, but I think I like this, watch the price of BTC after this, you will see that BTC will react positively to it because I have notice that bitcoin react opposite FUD news, and I think he has lost already. What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.
Full Story Here.
Your thoughts guys?
I called him whale for using the word bear because he should have known that correction always happen, and the fact they don’t get a strong bull signal for a while doesn’t mean there is none preparing for the push, everyone studies the market situation before investing, and right now, we are already in the uptrend and I don’t see anything pulling bitcoin back to the bear market other than the little correction.
it might be true because a big correction happened recently and indeed this increase can be said to be a rapid increase and a reversal to the bear market in the near future is possible, but if we see another bullish analysis that will happen next year, then at least this year the market will get a saturation that will make prices stagnate
Jump to: