Bitcoin starting to recover - page 4.

Yamifoud

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Quote from: zanezane on May 26, 2021, 06:58:58 AM

Quote from: Tristan Bieber on May 25, 2021, 08:34:00 PM

It is our expectation that Bitcoin will recover. Due to the recent decline caused by certain statements and bans, in the end Bitcoin will continue to break through its all-time high and we are looking forward to it.

Well, our expectation is proven because the charts of the bitcoin market for the decade already proved that the prices can only go up despite experiencing devastating crashes. The only thing that we can do besides looking forward to bitcoin going up is accumulate more so we can profit a lot of money out of it.

It is literally the market that will recover. People we definitely have to think about recovery after the dump and then these people also predicting that the market will dump when it's in the pump. This prediction has nothing new and in no time frame, the market will recover (gentle).
Do we think that the market is in the recovery stage now? Well, it was obvious that we are moving back high slowly but we can't feel that confidence that this will be the sign in preparation for the next new ATH. Too early, though.

zanezane

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Quote from: Tristan Bieber on May 25, 2021, 08:34:00 PM

It is our expectation that Bitcoin will recover. Due to the recent decline caused by certain statements and bans, in the end Bitcoin will continue to break through its all-time high and we are looking forward to it.

Well, our expectation is proven because the charts of the bitcoin market for the decade already proved that the prices can only go up despite experiencing devastating crashes. The only thing that we can do besides looking forward to bitcoin going up is accumulate more so we can profit a lot of money out of it.

aoluain

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We are still in a bull market with dips, corrections and surges involved.

In the image below there is a comparison made between 2013 and 2021.
In 2013 there was a substantial correction similar to what we had over the
last few weeks, but we are recovering.

Roaul Pal has this on his Twitter feed from a few days ago

https://twitter.com/RaoulGMI/status/1396526484152541189?s=19

kotajikikox

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closing to 40k again now it looks like there is a recovery coming sooner , recovery means for me is at least 50,000$ is the recovery line to accept at it is recovered .

Quote from: Tristan Bieber on May 25, 2021, 08:34:00 PM

It is our expectation that Bitcoin will recover. Due to the recent decline caused by certain statements and bans, in the end Bitcoin will continue to break through its all-time high and we are looking forward to it.

and because the bull is still not finish mate, there was an attempt to bring the market down again but they are failed.

Now the market is coming to greenish and the bloodbath seems to be over now.

Tristan Bieber

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It is our expectation that Bitcoin will recover. Due to the recent decline caused by certain statements and bans, in the end Bitcoin will continue to break through its all-time high and we are looking forward to it.

GreatArkansas

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Quote from: YanBitMoney on May 25, 2021, 05:28:27 AM

1. Fear & Greed Index

2. Stock to Flow Model

3. The Number of Stablecoins on the Exchange Increases
(....)

Additional to this is the inflow on Bitcoins to exchanges, it's kinda it's at the peak now (see previous dates).
Once the Bitcoin inflow on exchanges, this could be a good sign for bullishness on Bitcoin.
Bitcoin outflow on exchange = high and Bitcoin inflows on exchanges = low, very good sign we can recover more.

taufik123

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Quote from: finaleshot2016 on May 25, 2021, 06:41:45 PM

FUD has only a short-term impact on the market; whales are simply taking advantage of the massive fud to profit and buy again in the dip while the rest of the market is stuck at the peak, still hodling. This has already happened in crypto in the past years, so I'm not sure why some people are overreacting to the bearish market. For me, this is just a sale because it will result in more profit and financial freedom soon. Some people will not stay in crypto because they have already been lost and liquidated, but there will be many more to come and the recovery will begin quickly, as we know that many well-known people are hyping cryptocurrency right now.

Like China, which made and spread FUD very quickly so that several other parties participated in spreading FUD so that the price of bitcoin would crash even more.
Bearish markets like this are usually matched with technical analysis, which suggests that prices have to go down. The price of bitcoin is still on hold due to some FUD, but after the FUD has subsided and some good news appears, the price of bitcoin will go back up, that's for sure.
follow the whales game then we will be safe, don't fight the direction.

adzino

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Quote from: YanBitMoney on May 25, 2021, 05:28:27 AM

The negative sentiment surrounding the crypto market seems to be continuing, especially with China still spreading FUD around the market. However, it seems that at the moment, there are some signs that could be the reason that a potential recovery may occur in the near future.
Although currently the majority of investors still have negative perceptions, there is some data that can prove that Bitcoin is beginning to recover. It should be noted that no one knows the end of this correction, but some of this data can aid to see the end of the correction.

1. Fear & Greed Index
The Fear & Greed Index data shows data that hasn’t been seen since April 2020, when the crypto market underwent a deep correction.
-snip-
2. Stock to Flow Model
-snip-

3. The Number of Stablecoins on the Exchange Increases
-snip-
Source: https://medium.com/snapbots-news/snapbots-news-review-good-sign-for-the-crypto-market-bitcoin-starting-to-recover-a5a143c94482

1. Yeah, the fear and greed index is a perfect indication of what might happen to the market soon. As the the price starts to increase, greed increases. More people may want to take profit. People starts to fear more and thus ends up dumping their coins. When price drop, fear drops and more people wants to invest to take full advantage of making profit.

2. First time I am hearing about this. How does this work? How did they predict the lowest is going to be $30,000?

3. How does this exactly indicates that the price is going to recover? Through exchange pairs?

finaleshot2016

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FUD has only a short-term impact on the market; whales are simply taking advantage of the massive fud to profit and buy again in the dip while the rest of the market is stuck at the peak, still hodling. This has already happened in crypto in the past years, so I'm not sure why some people are overreacting to the bearish market. For me, this is just a sale because it will result in more profit and financial freedom soon. Some people will not stay in crypto because they have already been lost and liquidated, but there will be many more to come and the recovery will begin quickly, as we know that many well-known people are hyping cryptocurrency right now.

CryptoCrookz

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Quote from: pixie85 on May 25, 2021, 05:07:48 PM

Quote from: YanBitMoney on May 25, 2021, 05:28:27 AM

1. Fear & Greed Index
The Fear & Greed Index data shows data that hasn’t been seen since April 2020, when the crypto market underwent a deep correction.https://twitter.com/MatiGreenspan/status/1396403303114813441

Don't depend on this. It only shows the general trend in which bitcoin is at the moment.
During this recent bull run it was showing extreme greed a couple times and the price went up regardless, so the fact that it's showing extreme fear doesn't mean that it can't go lower.

A small recovery is what traders call a relief rally and it doesn't mean a trend reversal. We haven't even hit the price we were at before the big drop which is 42000.

This is a good point. On the other hand, who is left as sellers on the market? Long positions were liquidated, panic selling wiped out most of the people who were in a loss. The only credible source of sales pressure would be Chinese miners due to the new regulations. But they are still accumulating more than they are selling.

pixie85

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Quote from: YanBitMoney on May 25, 2021, 05:28:27 AM

1. Fear & Greed Index
The Fear & Greed Index data shows data that hasn’t been seen since April 2020, when the crypto market underwent a deep correction.https://twitter.com/MatiGreenspan/status/1396403303114813441

Don't depend on this. It only shows the general trend in which bitcoin is at the moment.
During this recent bull run it was showing extreme greed a couple times and the price went up regardless, so the fact that it's showing extreme fear doesn't mean that it can't go lower.

A small recovery is what traders call a relief rally and it doesn't mean a trend reversal. We haven't even hit the price we were at before the big drop which is 42000.

GeorgeJohn

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Quote from: YanBitMoney on May 25, 2021, 05:28:27 AM

The negative sentiment surrounding the crypto market seems to be continuing, especially with China still spreading FUD around the market. However, it seems that at the moment, there are some signs that could be the reason that a potential recovery may occur in the near future.
Although currently the majority of investors still have negative perceptions, there is some data that can prove that Bitcoin is beginning to recover. It should be noted that no one knows the end of this correction, but some of this data can aid to see the end of the correction.

Since it has be enshrined according to op, that data analysis of Bitcoin states that; Bitcoin can be recover within a short time, i think now is the best time to purchase any cryptocurrency of your choice and store for future investment, and their is nothing like correction since the data base is giving direction or description of recovery, i think everyone will hope for it's recovery. Actually Bitcoin is unpredictable but some people have deserve people by giving the wrong directive via crypto.

Gamerholic

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Well, in any case, bitcoin won back all the losses of the last days. The question is, how quickly will we get back to the last peak at the level of 60 thousand dollars and above? Whether it will be a fast takeoff or a gradual growth. The news background is still positive, as it seems to me, many large investors bought much higher than the current price level, so I can't believe that they will drop the market deeper at a loss. In addition, after such a deep correction, only serious investors remained, and they already understand how to behave in such a period. Personally, I am calm, I bought a little at the level of 32 thousand, I will wait.

Zanab247

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Bitcoin is different from other cryptocurrencies in terms of recovery, I guess soon bitcoin price will increase to $60k for bitcoin users to smile again because many are not smiling the way market is changing negatively. Anyhow somehow Market will soon change positively for bitcoin users to make a good profit from their Investment.

acener

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Well I do hope that it is really going to recover and be back to at least $40K+ again soon.
But I am already grateful that it didn't get to stay or be at $20K+ from the recent crash,
And it is already near $40K now so hopefully soon we would see it again touch $50K and stay there again for long.
But I am still curious what would happen if we enter another bear market again if we would consider the recent market drop as one?
I wonder how much would the crypto market would drop and how long would it stay at the bear season.

franky1

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Quote from: YanBitMoney on May 25, 2021, 05:28:27 AM

2. Stock to Flow Model
Apart from the Fear & Greed Index data, the Stock to Flow (S2F) Model, which generally predicts the movement of Bitcoin, also shows the same thing. The Stock to Flow predicts that the lower limit of the correction is $30,000
https://twitter.com/100trillionUSD/status/1396021832130744320

stock to flow DOES NOT PREDICT ANYTHING

one part of s2f is to merge in an average price.. and then compare that to the price
guess what there will always show a pattern because its price vs price comparison
the result is not predictive. its responsive

take out the 'average price' element' and whats left is nothing like what you feel is a prediction

the only reason there is a pattern of S2f vs price. is purely because s2f has a price element in it to cause the pattern

in short s2f is not a predictor and instead is a useless graph that makes idiots think they found some smart metric
they have not. they are being fooled

wallet4bitcoin

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Bitcoin is strong cryptocurrency. Hope it will back to $50k very soon. If BTC can recover, Market again will be green. It’s clear almost all coin/token follow btc market.

noorammak

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The strong price drop has occurred for several days in a row and the market must surely have a rebound when the selling pressure subsides. I expect Bitcoin to not continue to drop in price as it is down almost 50% since ATH.
I think Bitcoin will move slower than it did in the past and break through the resistances to move towards new ATHs.
$100k is an achievable price point by the end of this year that we can expect according to traders' predictions.

Yaunfitda

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Too early though to say that we are recovering, the price is still fluctuating from $36k-$38k. If we are on the way to recovery, a good support though should be at $40k. So it might be a slow and grind to reach $40k again unless whales started to bought bitcoin right now or there is some positive news that will push the price to that range. So just sit and relax and let's see in June that we have someone on the bullish cycle again, (I hope so).

ropyu1978

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bitcoin is starting to recover ,, this is all a billionaire game ,, whales used to collect lots of points when bitcoin crashed, now they must be laughing when bitcoin recovers, and now they have to wait for bitcoin to return to normal ,, and they sell all their bitcoins and resell it ,, sure they will definitely make a big profit ..

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