Bitcoin is currently in an uptrend reversal. - page 2.

The Sceptical Chymist

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Quote from: Wind_FURY on February 18, 2019, 03:58:11 AM

OP, be careful. The whalecumulators are scanning these topics daily, and will unleash the FUD, followed by crashing the price once they smell some bullishness from the plebs. Cool

I'm no conspiracy theorist, but this post made me chuckle a bit--and it's also nice to see bitcoin up around $3800 too. Seems like the price has been very flat for way too long, though I'm far from certain this isn't just random fluctuation.

Whales don't read this forum unless they're the old guard who were here in the beginning. The newer money folks couldn't care less about a discussion forum; they want a quick profit and likely don't care about the bitcoin community. They'd probably find it extremely caustic if they ever did visit bitcointalk and would run screaming, never to return.

Irvinn

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I am still surprised by the rapid growth of the cryptocurrency market. With each hour, Bitcoin, ethereum and other cryptocurrency grow very quickly in value. Within a few hours, bitcoin rose in price by about $ 200, to $ 3,932, and ethereum from $ 127 to $ 146. I wonder how events will continue to evolve further. Is it just a price surge or the beginning of a bull market?

magneto

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I wouldn't go out of my way to accumulate bitcoin right now.

The fact is that BTC has pretty much gone up by 20% in a span of less an a month, and the $4k resistance is still yet to be breached. I'm not saying that buying bitcoin right now won't be a good long term investment (after all, it's still under $4k). I'm just saying that I think there is a possibility that we still see some dips in the short term after this rally passes, because we are not out of the bear market yet.

I'd stick to whatever accumulation strategy that I was going with before this pump, no more and no less. For me this was dollar cost averaging. For me right now is still a time of buying patiently, not buying with all your assets in one go.

Vaskiy

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Quote from: omonuyak on February 18, 2019, 11:39:07 AM

That is truth and only those that has been in this market for long will understand that. For some of us that has spent quality time analyzing this market we are not afraid in buying it at the current price as there is a great hope it will recover.

As stated users who has been into the global cryptocurrency community will be analyzing better about the market. The present market conditions with bitcoin isn't an uptrend reversal in one way, in other way it is a part of the cyclic process. The price has peaked high, later it has fallen low and once again it'll bounce back unlike the time period. It's our best to suit ourselves good with the market.

omonuyak

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That is truth and only those that has been in this market for long will understand that. For some of us that has spent quality time analyzing this market we are not afraid in buying it at the current price as there is a great hope it will recover.

justdimin

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People have been wrong about bitcoin so many times because of the charts its not even funny anymore. Do not look at the bitcoin price charts and decide if bitcoin will go up or down, it has never worked for anyone ever. Even if it works for couple of times it will eventually fail, you maybe right in the first guess and even on the second guess but eventually they will fail, kind of like the martingale of trading. Hence, try to look for trends and hypes and news of crypto and you will see that in reality those three things are what drives bitcoin.

Bad news equals to bad market, no hype equals to bad market, bad trend is self explaining. Good news increases prices, more hype increases prices and a bit of trend pushes the price higher. Hence always try to refrain from charts and go for the hype and news.

hugeblack

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Quote from: adaseb on February 18, 2019, 03:58:03 AM

I think this pump might be related to the ETH pump which is related to the upcoming fork in about 10 days.

Cryptos forks have led to significant distortions in the market and perhaps we will push its results in the coming years as there will be significant periods of dispersion for many projects, especially BTC forks "BCH,ABC".

I agree with you, ETH has started to rise, the rest of the cryptocurrencies have been capped but 3% gains have been normal and are not motivated to buy more.

Do not let the green color keep you from looking at a deeper angle. Cheesy

Happiest

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Well, it's no new news or new thing. Bitcoin has it own way of moving but many people don't seems to understand this. They keep expecting the big continuous sky rocking growth where the price price keeps moving non stop. High price will come but it requires time.
I still have few BTC keep away in my wallet. I'm not selling any sooner.

Wind_FURY

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Quote from: figmentofmyass on February 18, 2019, 05:35:11 AM

it looks ready to pop to me. bears keep trying to jack knife it down and bulls keep buying it up. good volume on this last retest of the highs too. a move into the $4000s definitely seems possible now.

i'm not sure about "reversal" yet though. it'll take many months to confirm that. this could just be a bull trap before new lows too.

Or it's the whalecumulators applying the pressure to control the price down whenever the plebs are trying to buy and push the price up.

The whalecumulators do not want lowly plebs to have "control" of the market while they are accumulating.

Pursuer

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there is a ton of on-chain activity today too. and that always points to a market that is going to become super active thanks to all the buys and sells that are going to take place. I suppose there will be a lot of panic sells too because there are quite a lot of investors who are still afraid of the "whales"! which is why I also say it is not yet exactly the "reversal" but we are pretty close to it.

figmentofmyass

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it looks ready to pop to me. bears keep trying to jack knife it down and bulls keep buying it up. good volume on this last retest of the highs too. a move into the $4000s definitely seems possible now.

i'm not sure about "reversal" yet though. it'll take many months to confirm that. this could just be a bull trap before new lows too.

talkbitcoin

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Quote from: adaseb on February 18, 2019, 03:58:03 AM

I think this pump might be related to the ETH pump which is related to the upcoming fork in about 10 days.

I also think that this will be another case of buy the rumor and sell the news after or close to the fork.

Pretty much exactly what happened last time ETH was suppose to fork, huge run up and then... it was delayed and it caused the dump but it might of dumped anyways after the fork just like the BCH fork which created BAB and BSV.

could have been true if the rise started with ETH but it was the other way around like it always is meaning bitcoin started rising and its rise has been increasing the USD value of altcoins otherwise they are still staying pretty much the same in terms of price against BTC.

as for last time, the ETH fork pump was a disappointment because it was tiny compared to pumps that altcoins have during their fork hype! it didn't even last that long either. whales dumped it right away as it got a small pump.

Wind_FURY

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OP, be careful. The whalecumulators are scanning these topics daily, and will unleash the FUD, followed by crashing the price once they smell some bullishness from the plebs. Cool

adaseb

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I think this pump might be related to the ETH pump which is related to the upcoming fork in about 10 days.

I also think that this will be another case of buy the rumor and sell the news after or close to the fork.

Pretty much exactly what happened last time ETH was suppose to fork, huge run up and then... it was delayed and it caused the dump but it might of dumped anyways after the fork just like the BCH fork which created BAB and BSV.

1Referee

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Quote from: cellard on February 17, 2019, 11:15:59 PM

You don't really need any further TA or rocket science in order to know that we are already at critical levels when it comes to how much a nocoiner can stand on the sidelines waiting with their fiat bags to get in at a perfect price.

No-coiners will very likely not even enter if the price tanks to the $2000 level, or even $1000. That for them is a confirmation that Bitcoin will die or is a scam.

Most people buy into this market because they see the price go up, and that applies to the stock market as well. It's just how they think. In the end, most people thinking to buy the perfect bottom are wasting their time waiting. If we end up seeing one last selloff, it will be a quicky, only bots and preset orders will manage to buy you into near the bottom levels.

All the fools waiting for the market to be generous and offer them enough time to buy the ultimate bottom are delusional.

pooya87

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Quote from: cellard on February 17, 2019, 11:15:59 PM

You don't really need any further TA or rocket science in order to know that we are already at critical levels when it comes to how much a nocoiner can stand on the sidelines waiting with their fiat bags to get in at a perfect price.

We may have another leg down? yes, but so what, it's already reached the %85+ from the peak from the 4-year cycle, at this point it's all a big gamble in how much they want to risk for increasingly delusional low prices. If we go lower and we see another leg down to $1xxx it will be fast and sharp, probably too much to benefit from it. I would start buying now and continue buying if it goes lower instead of gambling it on an all-in deal.

unfortunately in bitcoin only whales and bigger traders think like this. others which make up for a big part of market too, don't and they instead prefer waiting and then doing a FOMO buy which is why we have always seen a rise like this where the signs of a rise come out and the rise begins then as it reaches a certain level we see a big wave of FOMO buyers rush in to buy after missing all the great opportunities and then the result is a sharp rise with a big ass green candle on the charts!

cellard

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You don't really need any further TA or rocket science in order to know that we are already at critical levels when it comes to how much a nocoiner can stand on the sidelines waiting with their fiat bags to get in at a perfect price.

We may have another leg down? yes, but so what, it's already reached the %85+ from the peak from the 4-year cycle, at this point it's all a big gamble in how much they want to risk for increasingly delusional low prices. If we go lower and we see another leg down to $1xxx it will be fast and sharp, probably too much to benefit from it. I would start buying now and continue buying if it goes lower instead of gambling it on an all-in deal.

mikeywith

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