Bitcoin is getting more bearish, what is the trigger? - page 8.

dothebeats

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Cashback 15%

Quote from: Poker Player on December 04, 2021, 04:14:50 AM

In this thread:

https://bitcointalk.org/index.php?topic=5375333.msg58608133;boardseen#new

people mention a supposed ban on personal wallets but I can't find any recent news about it.

The news broke in July:

A blow to Bitcoin? Europe plans to ban anonymous crypto wallets.

So, I don't know what the **** is going on.

I don't think that this is the trigger. No recent developments on this particular news, and if it is indeed the cause of the downtrend, it would have had affected bitcoin as early as when the news circulated. It wouldn't make sense for a news to affect the market months after it was announced, most especially if there were no active updates on the said event/news that was broadcasted

stomachgrowls

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Aside from technical analysis then it isnt really bad to consider fundamentals too.
Whats the trigger? For sure this one.
$300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning—Ethereum, BNB, Solana, Cardano And XRP In Free Fall
Source: Link

I do really expect something like this that anytime could happen on which this market is really highly reactive to news or fundamentals
which it could really fucked up those TA's.

Hypnosis00

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Yes, it is gonna be disappointing to see the market turn more bearish today but I wasn't in the mood to think it bad and get worried. I will hold, that is certainly I gonna do this time, like I wait for the price to recover rather than to make play this volatile network. It looks like whales are playing some games again against the weak hands.

In a month or two, I was very optimistic to see the market back at high again. I'd rather take this chance to buy more while there is a price deduction. Anyways, we'd come to this dip before it going to the bullish again.

Chato1977

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Quote from: bots1 on December 04, 2021, 03:48:47 AM

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.

its sad that when i wake up this morning , a Bad scenario takes my eyes and that is the very Bearish market like now.

I did not manage to take profit and now will force myself to Keep long term holding as the Bear trap seemingly taking place.

Be careful to everyone , looks like Whales are playing the cards again.

NeuroticFish

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Quote from: bots1 on December 04, 2021, 03:48:47 AM

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

Actually you see whatever you want to see.
The last moves, drawn by somebody in red, mean absolutely nothing, the market may or may not go on that path.
Somebody more optimistic may get the same drawing - especially it has only the chart from before the last dump - and paint a nice falling wedge. Actually many did that last week.

I don't say that Bitcoin price will go up, down or sideways. I don't know. The last dump was a surprise for me. What I say is:
1. OP chart means nothing. This TA is weak at best.
2. I don't know whether OP believes we entered a bear market or just wants us to believe that.

hugeblack

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Quote from: Poker Player on December 04, 2021, 04:14:50 AM

In this thread:

Personally, I see that the news follows the price, meaning that the content writers are looking for any story to be appropriate with the price change.
I was surprised because we see levels below 50k in December which are good levels for those who want to buy, but it seems that we will need more months to reach ATH.

We may not follow the same model that happened in 2017, but we will be two or three months late.

timerland

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Seems like this marks the end of the bull run.

I do think that we are due for a correction though, so this is nothing out of the ordinary. You shouldn't be fazed as a long term holder.

The halving cycle is certainly coming to an end now as expected (around 2 years after the halving event actually took place). Bitcoins are on sale once again so load up your bags, people.

Poker Player

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In this thread:

https://bitcointalk.org/index.php?topic=5375333.msg58608133;boardseen#new

people mention a supposed ban on personal wallets but I can't find any recent news about it.

The news broke in July:

A blow to Bitcoin? Europe plans to ban anonymous crypto wallets.

So, I don't know what the **** is going on.

Oshosondy

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If you want to invest, you can leave the coin alone for 4, 5 or more years, you have nothing to be worried about, or you can have plans like invest some as the price is decreasing. Like when the price is $55000, you can invest, then invest more at $50000, invest more at $45000 and so on as the price is decreasing. When the bull phase will begin and bitcoin increase over $60000 again, then you are in money.

Traders are the ones that can lose especially if they are leveraging.

bots1

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Vave.com - Crypto Casino

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.

Topic: Bitcoin is getting more bearish, what is the trigger? - page 8. (Read 1066 times)