Btc down trend are started ? - page 4.

Hughes_Ryan

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Quote from: rinkidas14 on June 19, 2021, 08:56:28 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 downtrend has ended, and as it happened, the scenario is not repeatable like 2018 when the short sales were crazy by the invisible rope I suspect from the banks themselves. Fud china has become weakened when the diamond hands and strong effort are held back. The Delta mutation will continue to have consequences. Banks closed, stocks closed, the only niche would be $100k for bitcoin.

zanezane

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Quote from: inoes on June 26, 2021, 06:15:45 PM

Bitcoin's existence for about a decade has managed to outperform typical assets by a large margin. However, this long term price appreciation didn't happen without and some bearish phase along the way. While buying and holding BTC has historically been a profitable trade over time, periods of decline also present opportunities for traders willing to sell BTC high and buy it back lower. However, if the DC line has been formed then there is no time to wait for the pump again, it's time to sell. Because it took a long time for the Golden cross to be created.

A lot of people seem to worry and they are forgetting what @inoes says, that there are phases in the market like this. Nothing wrong getting out to cut losses but to overreact when the prices are going down and panic selling is another thing.

STT

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Heres a downtrend in play for some time which we are challenging, I wouldn't say its the only trend to observe but passing this is some positive if we do.

We then move into common 50 and 200 day averages and similar prior trades and volume to contend with before market can be said to be positive. Still more of a fight to do then has already taken place I'd say, likely we need to go sideways for some time before outrunning and outlasting all the negatives.

inoes

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Bitcoin's existence for about a decade has managed to outperform typical assets by a large margin. However, this long term price appreciation didn't happen without and some bearish phase along the way. While buying and holding BTC has historically been a profitable trade over time, periods of decline also present opportunities for traders willing to sell BTC high and buy it back lower. However, if the DC line has been formed then there is no time to wait for the pump again, it's time to sell. Because it took a long time for the Golden cross to be created.

Hippocrypto

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Quote from: rinkidas14 on June 19, 2021, 08:56:28 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?

Here's the view point now, btc started to show declining behavior but don't get me wrong it would suddenly goes back heading towards up trend. Don't get fooled with some attempt because we might be trapped heavily if we can't catch the clue about the situation happening right now. We shouldn't ignore some factors that would contribute to the growing price btc as it recover from present dip.

batang_bitcoin

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Quote from: revilo on June 24, 2021, 05:33:07 PM

Quote from: batang_bitcoin on June 24, 2021, 02:12:02 PM

Quote from: revilo on June 19, 2021, 05:38:09 PM

Quote from: batang_bitcoin on June 19, 2021, 05:36:47 PM

Haven't we've seen bitcoin goes down trend for so many times and it hasn't recovered yet that we've been to the ATH. I think it's a good choice that you're looking to bitcoin if it's starting to go down because you'll have the opportunity to have it while it's going down and its price is cheap.
Whether you like it or not, if we see bitcoin goes down, it shall return and recover later on and that's why don't be scared if you happen to see bitcoin corrects again.

What do you define as a trend? A short time span of a week or a month? I think Bitcoin is still incredibly well on track to grow further. What we've seen this year so far was remarkable.

A week shall be enough for a trend but it can take effect until a month. You're right about bitcoin, it's always been like that. You see it pump and then you'll see it dump.
But whenever it's going to dump very hard, you're going to see it recover soon. That's how bitcoin resiliency is, as we're all knowing how it recovers quickly once it corrects.

It depends on the trend you want to look at. Your sentence doesn't make sense. If I want a short-term trend I look at shorter time intervals. If I want the long-term trend I look at longer time intervals. The long-term trend of Bitcoin is clearly positive, we came from around $8000 and went up to $65000, now we are at $35000. Overall a positive trend, but if we look at the short-term trend one could argue we lost almost 50% while the long-term trend guy might say we gained over 300%. Question of what you want to look at eventually.

And I'm long on bitcoin and the correction that just happened didn't made me panic. Although in the short term, you're right that it's a lot but I don't look at that percentage but instead making me feel better to see that it's got a better price since last year despite a huge correction, 50%, did really happened. So yeah, if you're into the long term, you're all positive and don't have to take all the trends as negative but your positioning is important as you look at the market.

revilo

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Quote from: batang_bitcoin on June 24, 2021, 02:12:02 PM

Quote from: revilo on June 19, 2021, 05:38:09 PM

Quote from: batang_bitcoin on June 19, 2021, 05:36:47 PM

Haven't we've seen bitcoin goes down trend for so many times and it hasn't recovered yet that we've been to the ATH. I think it's a good choice that you're looking to bitcoin if it's starting to go down because you'll have the opportunity to have it while it's going down and its price is cheap.
Whether you like it or not, if we see bitcoin goes down, it shall return and recover later on and that's why don't be scared if you happen to see bitcoin corrects again.

What do you define as a trend? A short time span of a week or a month? I think Bitcoin is still incredibly well on track to grow further. What we've seen this year so far was remarkable.

A week shall be enough for a trend but it can take effect until a month. You're right about bitcoin, it's always been like that. You see it pump and then you'll see it dump.
But whenever it's going to dump very hard, you're going to see it recover soon. That's how bitcoin resiliency is, as we're all knowing how it recovers quickly once it corrects.

It depends on the trend you want to look at. Your sentence doesn't make sense. If I want a short-term trend I look at shorter time intervals. If I want the long-term trend I look at longer time intervals. The long-term trend of Bitcoin is clearly positive, we came from around $8000 and went up to $65000, now we are at $35000. Overall a positive trend, but if we look at the short-term trend one could argue we lost almost 50% while the long-term trend guy might say we gained over 300%. Question of what you want to look at eventually.

ene1980

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Quote from: wmaurik on June 23, 2021, 10:44:43 AM

And today everyone has seen an increase back in a few percent in all cryptocurrencies including Bitcoin, but if I look at the percentage increase, it doesn't seem like it's certain that the market will recover to normal soon.

What do you mean by normal, the price of Bitcoin is trading over $34800 and for a moment i thought the market would rally once again as it was well above $35k and now there is a selling pressure and for me it is well above my expectations because you need to take into consideration what the value was a few months back and then decide what we are witnessing.

Fredomago

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Quote from: batang_bitcoin on June 24, 2021, 02:12:02 PM

Quote from: revilo on June 19, 2021, 05:38:09 PM

Quote from: batang_bitcoin on June 19, 2021, 05:36:47 PM

Haven't we've seen bitcoin goes down trend for so many times and it hasn't recovered yet that we've been to the ATH. I think it's a good choice that you're looking to bitcoin if it's starting to go down because you'll have the opportunity to have it while it's going down and its price is cheap.
Whether you like it or not, if we see bitcoin goes down, it shall return and recover later on and that's why don't be scared if you happen to see bitcoin corrects again.

What do you define as a trend? A short time span of a week or a month? I think Bitcoin is still incredibly well on track to grow further. What we've seen this year so far was remarkable.

A week shall be enough for a trend but it can take effect until a month. You're right about bitcoin, it's always been like that. You see it pump and then you'll see it dump.
But whenever it's going to dump very hard, you're going to see it recover soon. That's how bitcoin resiliency is, as we're all knowing how it recovers quickly once it corrects.

Good anticipation brings decent benefits, if you know how to play with this kind
of volatility doing short is the best way to earn from this market.

Just like what you have said, it will move up then it will have correction where anticipation of falling down generates good opportunities for those aspirants, traders and investors who believes that in the long process it will pump back and give them
good amount of profits.

batang_bitcoin

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Quote from: revilo on June 19, 2021, 05:38:09 PM

Quote from: batang_bitcoin on June 19, 2021, 05:36:47 PM

Haven't we've seen bitcoin goes down trend for so many times and it hasn't recovered yet that we've been to the ATH. I think it's a good choice that you're looking to bitcoin if it's starting to go down because you'll have the opportunity to have it while it's going down and its price is cheap.
Whether you like it or not, if we see bitcoin goes down, it shall return and recover later on and that's why don't be scared if you happen to see bitcoin corrects again.

What do you define as a trend? A short time span of a week or a month? I think Bitcoin is still incredibly well on track to grow further. What we've seen this year so far was remarkable.

A week shall be enough for a trend but it can take effect until a month. You're right about bitcoin, it's always been like that. You see it pump and then you'll see it dump.
But whenever it's going to dump very hard, you're going to see it recover soon. That's how bitcoin resiliency is, as we're all knowing how it recovers quickly once it corrects.

wmaurik

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Quote from: ?? on ??

I think this decline is due to a major correction in the crypto market, there is no sign of when this situation will end, but for sure this is a good opportunity to buy BTC and other altcoins, to invest in the long term, because BTC and altcoins will definitely experience back upgrade,

And today everyone has seen an increase back in a few percent in all cryptocurrencies including Bitcoin, but if I look at the percentage increase, it doesn't seem like it's certain that the market will recover to normal soon.

Sir Legend

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Quote from: rinkidas14 on June 19, 2021, 08:56:28 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?

Bitcoin down is not the first time, I've known bitcoin since 2014 and have experienced things like this time and again, but based on the facts that have happened, bitcoin will recover soon, it can even skyrocket again even if it takes 1 or 2 years.

Vaculin

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Winding down.

Quote from: MadeMen on June 23, 2021, 08:12:59 AM

The downtrend of Bitcoin has been ongoing for a few weeks now and as it stands its a general situation as most cryptocurrency are on the same path. I don't think it's the end of the road as there's still a huge possibility that we're going through the correction stage which is a normal phase

Call the current situation a correction stage already so we will have peace of mind, a correction always happens after a bull run and we just witnessed a bull run this year so we might see the correction until next year if we based the trend on the last 2017 bull run. There's nothing to be panic about, the market is still here, it's still profitable to trade if you know how to predict its price volatility.

For long-term investors, still, the same method will be effective to you, and that is to HODL!

MadeMen

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The downtrend of Bitcoin has been ongoing for a few weeks now and as it stands its a general situation as most cryptocurrency are on the same path. I don't think it's the end of the road as there's still a huge possibility that we're going through the correction stage which is a normal phase

NewRanger

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Quote from: kapalmabur on June 23, 2021, 05:37:17 AM

Seeing the current conditions I think it is difficult for Bitcoin to recover soon,
I'm just thinking realistically because if we have too high expectations maybe we will be disappointed,
right now we need good news indeed and we'll see if there will be or not

i do agree, we face very extreme negative market sentiment today, its proved from current bitcoin price that crashed to below $30 k. for a while i am prefer to quit from market now and save most coins into usdt. extra ordinary news that only drive bitcoin price continue bullish market, especially if its come China. Technical we will see how weekly candle closing, is it bearish or bullish candle.

kapalmabur

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Quote from: SacriFries11 on June 22, 2021, 07:59:35 AM

Quote from: hichamito37 on June 22, 2021, 12:09:46 AM

I think the downtrend of bitcoin has begun a few weeks ago ,and the Chinese government's ban made it worse. But don't worry too much.The market will rebound this year. The market will rise again this year. bitcoin needs to adjust before rising again and reaching a new ATH this year.

I hope the same thing, BTC will recover soon and reach again it's all-time high. I think the bear market is already here right now but there's a hope that it will recover soon based on some data shows that the bull market is not yet finished. But due to death cross, I think it triggers a lot of investors and also traders to sell their BTC. Microstrategy already brought more of BTC but still didn't affect the current situation. China making it worse, I hope good news adopting cryptocurrency will release soon.

Seeing the current conditions I think it is difficult for Bitcoin to recover soon,
I'm just thinking realistically because if we have too high expectations maybe we will be disappointed,
right now we need good news indeed and we'll see if there will be or not

smartaction

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Quote from: smartaction on June 19, 2021, 09:42:31 AM

BTC weekend looking weak . now we should waiting for lower price ( $33,000-35,0000 ) Short term in next week can back test $38,000. Mid - Long term target ($26,000-28,000) This is not financial advice

I said Before Bitcoin will be the long target from 26-27 thousand usd. Bitcoin was dropped to 28,000 yesterday. Now it has risen to 34,000 again. If anyone has an entry at 28,000 then he is in good profit now

sedahan13

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BTC failed to breakout down to below $30k yesterday, that mean the support line is still strong. Nowadays the price touched to $34k, and this is very fast bounce back, that indicate the buyer still strong. The accumulation phase can be still going on, after that the price ready for bullish again. My prediction we will see BTC will going up to above $100k in this bull cycle.

evilgreed

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Quote from: rinkidas14 on June 19, 2021, 08:56:28 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?

If you have been watching the market for a few years already, you will realize that technical analysis is very limited in providing good data that can be use to have a prediction which would be the closest to the actual price direction. Useful yes, but not full proof. Just as how it is right now, despite having similarities to the past death crosses on years 2013 and 2017, which had a drop percentage of 50%-70%, opposite to what others think, I am very bullish. That is if the support at 29k something remains strong and hold. Still, do your own research and don't believe just any thing that any random guy says without having your own research.

good luck.

SacriFries11

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Quote from: hichamito37 on June 22, 2021, 12:09:46 AM

I think the downtrend of bitcoin has begun a few weeks ago ,and the Chinese government's ban made it worse. But don't worry too much.The market will rebound this year. The market will rise again this year. bitcoin needs to adjust before rising again and reaching a new ATH this year.

I hope the same thing, BTC will recover soon and reach again it's all-time high. I think the bear market is already here right now but there's a hope that it will recover soon based on some data shows that the bull market is not yet finished. But due to death cross, I think it triggers a lot of investors and also traders to sell their BTC. Microstrategy already brought more of BTC but still didn't affect the current situation. China making it worse, I hope good news adopting cryptocurrency will release soon.

Topic: Btc down trend are started ? - page 4. (Read 1665 times)