Bitcoin’s Explosive Surge is Firing up the Bullish Sentiment

buwaytress

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Quote from: exstasie on April 09, 2020, 04:26:42 AM

Quote from: OGEOS on April 09, 2020, 03:56:40 AM

Do you think this bullish sentiment has legs?

Not really. I think bulls are getting greedy. They are now piling on longs. I think the next leg up is going to squeeze out the last of the early shorters and trap lots of bulls who think we are in a new impulsive uptrend. Then I think we'll see a significant correction to this month long relief rally. I could easily see a push into the $8,000s before a flush to the $5,000s.

I think those scalpers also tried to be even more patient/greedy, but when it was clear 7450 was going to be a problem lasting beyond days, they just said fck it, let me take my 10%/20% quick gains, hope it tumbles down for re-entry at 6800, and bite it down.

They got what they want, so far, and we're looking at another slow ascent to yesterday's levels. THIS should be the trap, and pre-halving, it won't look like it.

fullhdpixel

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There was never a bearish sentiment, anyone who thinks that bitcoin is bull is just kidding themselves and by all means please do consider bitcoin being bearish so that we can buy bitcoin for cheap from you guys, that is how the hodlers and traders make their money and that is how I made some profits in the past month as well, thanks to people who always call bitcoin bearish.

Bitcoin did went down, but everything in the world went down so it makes sense that bitcoin would go down as well, however it didn't went down that much and it recovered pretty quickly as well so the reason for the fall wasn't bitcoin being bearish but the amazing recovery shows how well the bulls are working and how well bitcoin is perceived.

el kaka22

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Why would you think that bitcoin is not bullish, I mean it really changed from 4k levels to over 7k quicker than anything else recovered and you are thinking that it is not really bullish and people are kidding themselves? Learn the difference between the market being bullish and a crash, sure we had a crash and that could once again happen, why wouldn't it? Everywhere else is getting lower and that would be normal if bitcoin joined it as well however one thing that you couldn't stop is the long term trajectory of bitcoin going higher and higher in the long term.

If you look at bitcoin price in the past 10 years, there is just one time bitcoin actually went to 20k and failed to go there again, all the other crashes we have recovered so the bulls always finds a way.

telexnetwork

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Quote from: OGEOS on April 09, 2020, 03:56:40 AM

After losing a whopping $100 billion in the space of a week, things were looking pretty bearish for Bitcoin, but in the last couple of weeks, things seem to be turning around. With bitcoin hitting higher highs and higher lows, it appears to be firing up a bullish sentiment!

Here is what is going on: https://bitcoinchaser.com/bitcoins-explosive-surge-bullish-sentiment/

Do you think this bullish sentiment has legs?

you need traffic to the shit web?

Questat

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Bulls are not yet here, the price is not yet at the level that would excite people to call it a bull run.
Remember that we have seen a lot of this many times, and what we just witness after is that the price dump again, well, I can't say the same thing would happen, but I'll not easily be convince with what I see as I don't want to be disappointed again. I'll just try to hold while hoping a more bullish movement.

Mahanton

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Quote from: exstasie on April 09, 2020, 04:26:42 AM

Quote from: OGEOS on April 09, 2020, 03:56:40 AM

Do you think this bullish sentiment has legs?

Not really. I think bulls are getting greedy. They are now piling on longs. I think the next leg up is going to squeeze out the last of the early shorters and trap lots of bulls who think we are in a new impulsive uptrend. Then I think we'll see a significant correction to this month long relief rally. I could easily see a push into the $8,000s before a flush to the $5,000s.

Same impression/view/inputs on what you have said.Come to think that we've been like this since day one on where there always uncertainty on every movement we are witnessing.

It can wreck down hopes easily and the positivity inside you when the market crashed on least expected time.This is why its always been unpredictable where we do see a very plausible
bullish sentiment but the market price goes to the opposite side.

Im not that too negative but im getting used to when in talks of bitcoins price.

BlackFor3st

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Quote from: OGEOS on April 09, 2020, 03:56:40 AM

After losing a whopping $100 billion in the space of a week, things were looking pretty bearish for Bitcoin, but in the last couple of weeks, things seem to be turning around. With bitcoin hitting higher highs and higher lows, it appears to be firing up a bullish sentiment!

Here is what is going on: https://bitcoinchaser.com/bitcoins-explosive-surge-bullish-sentiment/

Do you think this bullish sentiment has legs?

Yeah the prices are steadily increasing for almost all the currencies especially the bitcoin and if you are going to check the graph of bitcoin for the last seven days, the curve is getting higher which is good. The crash in just a week is pretty quick and I didn't expect it to go that deep as I am expecting for bitcoin to resist in 8k-9k$ if the market will crash but I was mistaken.

But as of this moment, we are experiencing a little bullish because the bitcoin price was able to steadily increase and we are currently sitting now at 7.2k$ with +0.43 increase within 24h change which is still good compare to having a negative result.

Periodik

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Quote from: OGEOS on April 09, 2020, 03:56:40 AM

Do you think this bullish sentiment has legs?

Not really but that does not mean we are not going to hit $8,000 anytime soon. But I guess we are not yet really on an aggressive run. Or perhaps I am just into a more gloomy forecast because of what is happening around. I just hope this is not a trap.

Lucius

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Quote from: exstasie on April 09, 2020, 04:26:42 AM

Not really. I think bulls are getting greedy. They are now piling on longs. I think the next leg up is going to squeeze out the last of the early shorters and trap lots of bulls who think we are in a new impulsive uptrend. Then I think we'll see a significant correction to this month long relief rally. I could easily see a push into the $8,000s before a flush to the $5,000s.

Before the pandemic was declared, I personally lived in the belief that several smaller or larger dumps would occur before halving because the whales will manipulate markets to get some extra cheap coins, and this would be a pretty normal thing. But now we have a factor called COVID-19, which is still a pretty big unknown for all markets, and BTC is no exception. Although I am fully open to any possibility, it somehow seems like something big (like proclamation of pandemic) should happen to make a significant drop of $2000 or $3000 in the very short term.

I certainly am not a person who relies on TA like you, and therefore cannot comment on the possible technical developments. But regardless of the current situation, I think halving will still influence the positive trend, though I have no doubt that there are people who can change that trend and bring down the price at any moment.

exstasie

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Quote from: OGEOS on April 09, 2020, 03:56:40 AM

Do you think this bullish sentiment has legs?

Not really. I think bulls are getting greedy. They are now piling on longs. I think the next leg up is going to squeeze out the last of the early shorters and trap lots of bulls who think we are in a new impulsive uptrend. Then I think we'll see a significant correction to this month long relief rally. I could easily see a push into the $8,000s before a flush to the $5,000s.

OGEOS

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After losing a whopping $100 billion in the space of a week, things were looking pretty bearish for Bitcoin, but in the last couple of weeks, things seem to be turning around. With bitcoin hitting higher highs and higher lows, it appears to be firing up a bullish sentiment!

Here is what is going on: https://bitcoinchaser.com/bitcoins-explosive-surge-bullish-sentiment/

Do you think this bullish sentiment has legs?

Topic: Bitcoin’s Explosive Surge is Firing up the Bullish Sentiment (Read 162 times)