Btc down trend are started ? - page 2.

LUCKMCFLY

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As the market is going, it is not totally down, there is always a correction in every trend that makes it seem that it is a bearish trend, as I see the market I think that we are in a trend more bullish than bearish, I do not see that it has entered a re -accumulation, technical aspects indicate the following:

Quote

Yesterday, buying volumes were below average, and the price of Bitcoin (BTC) could not hold in the sideways corridor. In the afternoon, sellers intensified the onslaught and, by the end of the day, pushed the pair back to the support at $32,500.

Source: https://u.today/btc-xrp-ada-and-ltc-price-analysis-for-july-13

The Bitcoin bulls have not jumped into action as they should, they have only been watching the price levels so that the bears do not make the value of btc fall, at any moment they can give a bullish surprise.

stadus

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Quote from: poldanmig on July 12, 2021, 12:30:56 PM

Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?

The downward trend in BTC prices has started when Elon Musk issued a statement regarding the termination of Tesla payments using BTC, as well as the statement of the president of China who banned bitcoin miners in my opinion at that time, and we can see that bitcoin prices are getting weaker day by day and it can be said that the decline occurred now this is the beginning of the arrival of a bigger bear market later, now it is better for us to wait for the market price to really reach the bottom so that we can buy without fear the price will fall.

Tesla's announcement had a little short-term effect IMO but China ban is really a huge one. We are now experiencing a bear market because of those bad news and it's funny how easily the market flip because we are coming from a bull run, then suddenly a bearish market is what we are witnessing now. We might see worst than the current situation, just prepare for it as we don't know when the down trend will stop.

poldanmig

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Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?

The downward trend in BTC prices has started when Elon Musk issued a statement regarding the termination of Tesla payments using BTC, as well as the statement of the president of China who banned bitcoin miners in my opinion at that time, and we can see that bitcoin prices are getting weaker day by day and it can be said that the decline occurred now this is the beginning of the arrival of a bigger bear market later, now it is better for us to wait for the market price to really reach the bottom so that we can buy without fear the price will fall.

molsewid

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Quote from: lepbagong on July 09, 2021, 02:29:50 PM

it is wiser to wait because the situation has not yet led to a complete improvement. still maintaining the situation in order to remain stable first, hopefully the good news that starts to arrive will have a good influence.

still maintaining to hold on to coins if they already have, is something that must continue to be done because there will always be improvements in the future and it is real and there is no need for doubt.

buying when the price is down is highly recommended because it will definitely have benefits in the future, because the price will always increase and there will always be renewable ATH. the possibility is still visible this year so don't hesitate to always wait for it to happen.

It is too early to speculate if bitcoin will recovering already from its market price down fall because we all do believe that the bearish month isn't coming yet and it is speculated to happen by the next coming months. But i do believe that bitcoin could make a good and huge come back I can bet that and the end season of the year will be the most exciting time of the year for every traders wanting to get a profit they've been dreaming.

South Park

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Quote from: Wawa2013 on July 08, 2021, 07:05:26 PM

Quote from: Golftech on July 08, 2021, 06:48:20 PM

Quote from: poldanmig on July 05, 2021, 09:46:18 AM

if you look at the chart, several times bitcoin has formed a pattern of narrowing and widening so that this indicates that the bitcoin price is in a less volatile position, so that with the many controversies that exist over bitcoin, including the chinese government ban on bitcoin mining, it can be said that the market position bitcoin is currently skewed in a bearish position and may take several months to return to the bullish price path.

Maybe not just months but possible to extend that since the bearish directions affects most

newcomers decision making, there are people who are afraid to push thru, thinking that this momentum

will continue, panic with wrong decision making leads traders to lose their invested money.

Honestly, no one knows how long Bitcoin will be in a down trend situation like this. But we have to believe in the future of Bitcoin, so there's nothing
wrong with being optimistic that the down trend will end in a few months. Even now I still believe that at the end of the year Bitcoin will be able to
reach a price of $100k, that's what gives me confidence to hold Bitcoin until now. For newbies of course will have different thoughts, because they
do not have good experience and knowledge of the crypto market, it is very natural that newbies will panic with the current situation and sell their Bitcoin.

But does it really matters that much at all? With this I mean that people are worried about how long the current market conditions are going to last when this does not matter at all if you have decided to become a long term holder, I know many people want to become traders but when you consider that more than 90% of them lose their money while any investor that has held their coins for more than a few years is always a winner, then I do not know why people do not become investors and forget about their coins and get profits that way.

lepbagong

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Quote from: Golftech on July 04, 2021, 12:06:26 PM

Quote from: Reosta_ on July 03, 2021, 04:30:18 AM

The market has turned to green now. There is an uptrend for now. But I don't want to be very excited about it. Because we've seen fake rallies many times. It's better to wait for more time to make sure that we've gotten rid of a downtrend.

The market still trying to bring the bull back and like what said, we should not be very excited as it can

fall back and start moving down again, if you already have coins inside your wallet better to keep it

and stay calm, if you can buy for more it's also a good chance if you understand the risk and you are

willing to take your part.

it is wiser to wait because the situation has not yet led to a complete improvement. still maintaining the situation in order to remain stable first, hopefully the good news that starts to arrive will have a good influence.

still maintaining to hold on to coins if they already have, is something that must continue to be done because there will always be improvements in the future and it is real and there is no need for doubt.

buying when the price is down is highly recommended because it will definitely have benefits in the future, because the price will always increase and there will always be renewable ATH. the possibility is still visible this year so don't hesitate to always wait for it to happen.

Kemarit

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Quote from: Golftech on July 08, 2021, 06:48:20 PM

Quote from: poldanmig on July 05, 2021, 09:46:18 AM

if you look at the chart, several times bitcoin has formed a pattern of narrowing and widening so that this indicates that the bitcoin price is in a less volatile position, so that with the many controversies that exist over bitcoin, including the chinese government ban on bitcoin mining, it can be said that the market position bitcoin is currently skewed in a bearish position and may take several months to return to the bullish price path.

Maybe not just months but possible to extend that since the bearish directions affects most

newcomers decision making, there are people who are afraid to push thru, thinking that this momentum

will continue, panic with wrong decision making leads traders to lose their invested money.

I think it all started on the fud and some rich influencer. And then the whales doesn't want to invest at the current state because of uncertainty. Definitely it will have a drastic effect on newbies as they are just watching and making their decision reading the news.

So this bearish trend might still continue, we can't get over the hump of $40,000 which is the biggest mental barrier for investors and traders right now.

Saint-loup

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Quote from: rhodelmabanal on July 05, 2021, 04:57:23 AM

Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?

I think the dropping of the bitcoin price is not a down trend it is maybe a short correction, look at the price and the movement or volume in the market. We can really say that the bitcoin has a big chance to rise before the end of this year. And I think if the price drop down below 20k$ that time we can maybe say that we are in a down trend situation but for now I think we are still in the bullish season.

We are still in a bullish season? You are kidding? Bitcoin price was +100% above 3 months ago, the double of now. If you think an asset can be in a bullish season and losing 50% of its price in few weeks then you should give us what is your meaning of bullish season.

Wawa2013

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Quote from: Golftech on July 08, 2021, 06:48:20 PM

Quote from: poldanmig on July 05, 2021, 09:46:18 AM

if you look at the chart, several times bitcoin has formed a pattern of narrowing and widening so that this indicates that the bitcoin price is in a less volatile position, so that with the many controversies that exist over bitcoin, including the chinese government ban on bitcoin mining, it can be said that the market position bitcoin is currently skewed in a bearish position and may take several months to return to the bullish price path.

Maybe not just months but possible to extend that since the bearish directions affects most

newcomers decision making, there are people who are afraid to push thru, thinking that this momentum

will continue, panic with wrong decision making leads traders to lose their invested money.

Honestly, no one knows how long Bitcoin will be in a down trend situation like this. But we have to believe in the future of Bitcoin, so there's nothing
wrong with being optimistic that the down trend will end in a few months. Even now I still believe that at the end of the year Bitcoin will be able to
reach a price of $100k, that's what gives me confidence to hold Bitcoin until now. For newbies of course will have different thoughts, because they
do not have good experience and knowledge of the crypto market, it is very natural that newbies will panic with the current situation and sell their Bitcoin.

Golftech

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Quote from: poldanmig on July 05, 2021, 09:46:18 AM

if you look at the chart, several times bitcoin has formed a pattern of narrowing and widening so that this indicates that the bitcoin price is in a less volatile position, so that with the many controversies that exist over bitcoin, including the chinese government ban on bitcoin mining, it can be said that the market position bitcoin is currently skewed in a bearish position and may take several months to return to the bullish price path.

Maybe not just months but possible to extend that since the bearish directions affects most

newcomers decision making, there are people who are afraid to push thru, thinking that this momentum

will continue, panic with wrong decision making leads traders to lose their invested money.

South Park

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I am terrible at Fantasy Football!!!

Quote from: rhodelmabanal on July 05, 2021, 04:57:23 AM

Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?

I think the dropping of the bitcoin price is not a down trend it is maybe a short correction, look at the price and the movement or volume in the market. We can really say that the bitcoin has a big chance to rise before the end of this year. And I think if the price drop down below 20k$ that time we can maybe say that we are in a down trend situation but for now I think we are still in the bullish season.

Another reason why this is not really a downtrend has to do with the speed at which everything happened, if we saw the price dropping for weeks until we reached the current level then we could say that we are in a downtrend, but since the price went down so quickly then this was nothing but a correction, since then the price has remained more or less static without moving too much, and while some people are getting exasperated by this at least to me this is a good sign that a bull market at the end of the year is inevitable.

poldanmig

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Quote from: rhodelmabanal on July 05, 2021, 04:57:23 AM

Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?

I think the dropping of the bitcoin price is not a down trend it is maybe a short correction, look at the price and the movement or volume in the market. We can really say that the bitcoin has a big chance to rise before the end of this year. And I think if the price drop down below 20k$ that time we can maybe say that we are in a down trend situation but for now I think we are still in the bullish season.

if you look at the chart, several times bitcoin has formed a pattern of narrowing and widening so that this indicates that the bitcoin price is in a less volatile position, so that with the many controversies that exist over bitcoin, including the chinese government ban on bitcoin mining, it can be said that the market position bitcoin is currently skewed in a bearish position and may take several months to return to the bullish price path.

STT

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Not looking for a down trend but watching whether we should break the boundaries of a basic uptrend we have been benefitting from during this lower BTC range of prices. Hopefully we'd maintain this uptrend but if breaking it then its reasonable to presume we may prove more negative for lack of that trend.

We are below a weekly average and the 50 day average weighs on us particularly in the near term, so a battle ahead either way. We are within range of January and recent price action in a broad way the price is still maintaining sideways and overall direction remains undecided.

LogitechMouse

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Looks like the death cross that many are saying few weeks ago didn't materialize and in fact, Bitcoin is moving sideways within this week and around $30,000 - $40,000 in the past month.

As expected with the recent movements of Bitcoin, it is moving sideways as of now. Where will it go?? I don't know though. There is a chance that the death cross might materialize anytime soon causing the market to enter the bear market or on the other hand, it will go the other way around and it will pass the $40,000 price. We've seen Bitcoin into this movement back in August - October of 2020 where Bitcoin is moving sideways but what happened after that. It went up and we've seen new all time highs after all time highs

.

Its really hard to say whether Bitcoin will go down ward or the opposite of it since it is moving sideways as of now. Lets just wait and be ready for what might happen

.

tbct_mt2

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Quote from: rhodelmabanal on July 05, 2021, 04:57:23 AM

I think the dropping of the bitcoin price is not a down trend it is maybe a short correction

It is not a short correction and you can call it as a mini down trend that can stay with us several months.

Quote

look at the price and the movement or volume in the market. We can really say that the bitcoin has a big chance to rise before the end of this year. And I think if the price drop down below 20k$ that time we can maybe say that we are in a down trend situation but for now I think we are still in the bullish season.

Bitcoin will need to have to complete its accumulation after that it can be warmed up for the next bull run. Bull run will be big but I think you can enjoy a warm up time in late of 2021 but the real big bull run will be in April 2022. It won't happen too soon as you hope in my opinion.

rhodelmabanal

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Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?

I think the dropping of the bitcoin price is not a down trend it is maybe a short correction, look at the price and the movement or volume in the market. We can really say that the bitcoin has a big chance to rise before the end of this year. And I think if the price drop down below 20k$ that time we can maybe say that we are in a down trend situation but for now I think we are still in the bullish season.

Golftech

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Quote from: Reosta_ on July 03, 2021, 04:30:18 AM

The market has turned to green now. There is an uptrend for now. But I don't want to be very excited about it. Because we've seen fake rallies many times. It's better to wait for more time to make sure that we've gotten rid of a downtrend.

The market still trying to bring the bull back and like what said, we should not be very excited as it can

fall back and start moving down again, if you already have coins inside your wallet better to keep it

and stay calm, if you can buy for more it's also a good chance if you understand the risk and you are

willing to take your part.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Reosta_ on July 03, 2021, 04:30:18 AM

The market has turned to green now. There is an uptrend for now. But I don't want to be very excited about it. Because we've seen fake rallies many times. It's better to wait for more time to make sure that we've gotten rid of a downtrend.

It is too early to know if this is the uptrend that we have been waiting for, we need for the price of bitcoin to at least surpass 40k before we can even consider that something of significance is actually happening in the market, and as long as that is not the case then the market is just ranging and going nowhere, now this can be great market conditions for those that like to trade but for those that are interested in something more long term the current market conditions are terrible.

Reosta_

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The market has turned to green now. There is an uptrend for now. But I don't want to be very excited about it. Because we've seen fake rallies many times. It's better to wait for more time to make sure that we've gotten rid of a downtrend.

darkangelosme

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Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?

I don't think so that bitcoin will go to death, as a small trader i see this bearish season is an another opportunity to gain more profit in the near or far future. That's what i think and hoping to gain more money.

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