Btc down trend are started ? - page 9.

michellee

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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?

A few days ago, the downtrend already happened, especially when the price started going down below $40k towards $35k and now bitcoin price trying to defend the price not to go down for more. But if the support does not feel strong enough to hold the price to stay at the current price or rise again, the price will go down for more. Hopefully, that will not go down below the current price. So yes, it is a bearish signal for the bitcoin market, but we do not need to worry and it is better to prepare for the worst scenario and ready to buy more bitcoin.

Kunotcoin

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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?

I think it's too early to say that because the Bitcoin price is still strong and the market is also relatively high for more than $1 trillion MarketCap I believe it's not yet bearish for the cryptocurrency market. But only affected by a deep correction in Bitcoin price, and might affect the whole as well, so just relax and wait for the best is yet to come. think positive!

terciduk123

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Quote from: tbct_mt2 on June 19, 2021, 09:24:00 AM

If you think the trend is down, it began weeks ago. If you think the trend is still up, the market is in accumulation phase after correction weeks ago.

Death cross and golden cross don't work correctly for Bitcoin. Very few times you see those crosses are correct with trend because of coincidence. Sometimes and you will more often see in bull market, fake death cross. After few months of accumulation, price rises again and gets new all time highs.

Agree with you, and my current prediction is more inclined to correction, although quite deep. Hopefully Bitcoin only making a strong Support line.
In the current bull market period $60,000 USD is not the peak of Bitcoin there should be another pump that will take Bitcoin to the range of $100,000 or maybe more.

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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?

I don't expect like you, on the contrary I expect a positive trend for bitcoin so that altcoins also follow.
and I think bitcoin is now starting to stabilize in price, even my prediction is very likely that bitcoin can go back high as it did a few months ago.

asriloni

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You were a bit too late to say about this dude because the bearish trend has been coming since the end of last month. I suggest you to see the chart again and it looks like your prediction seems not to be the true story.
Bitcoin already reached the bottom price which was almost 30k and this time it's very stable to defend 30k support against the bearish trend and sell pressure from the market.
I guess bitcoin will still stable at this rate until there will be another big news that can drive the price of bitcoin to increase again very soon.

Bitcoinjheta

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in my humble opinion bitcoin is facing a small downtrend in the happening of Chinese government by cracking down bitcoin mining farms in the province of Sichuan. Though this things is a slight effect it cannot make up to a major downtrend which OP think.

Ararbermas

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Downtrend is already ended mate and in fact bitcoin shown a lot of way to make a bump in the price within this week, but unfortunately there are still some negative news occurred during the green wherein ban issue from china. So for me in my personal opinion that's the main reason why now it fell again from near 40k. But for sure it will not make a huge impact based on the reaction of bitcoin at this moment, what i mean maybe it will just make a corrections before it will continue to bullish and not another downtrend..

Shova

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It already started a month ago but the real question is how low would btc go? BTC had already came to half of it's all time high or the highest point of the recent bull run.
Now there's a good resistance being built up and would the current trend be able to break the resistance of 30K or won't would determine the lowest point. With so much institutional investment and whales actively bagging coins on dips, I have low confidence for BTC moving below 30K, even if it did, it would be a brief one.

WalkerIVIV

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Why do you think if it's just getting started while that dump already started since early of this month. That doesn't make sense to say like that and bitcoin already touched 36k level so many times but the support is very strong to be able to dump it below 30k and i think the down trend already started since a long time ago.
Did you see how bitcoin was going from 60k to the 30k just in a few weeks? that
s proven if the bitcoin dump already started dude.

herurist

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do not easily conclude, because not only once we hear this speculation, but finally dispelled in an instant. no correct prediction. we are still waiting for encouragement from countries that have not been given the opportunity to have a Bitcoin adoption policy.
Everyone has their own speculation and that's normal. so are we not going to see another bull market this year?

crwth

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It's always going to be speculation with all the trends that you will "see," but making sure that you get to take advantage of this discount will be ideal for getting more of it, you know? It's always going to be felt like it's the end, but it's not.

Personally, I would want to be able to collect more at a discount. It's best to approach it that way.

sarmrakib

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Quote from: mobtc on June 19, 2021, 09:25:30 AM

Now it is only a short-term shock area，The next bull market starts only need to wait for an opportunity. You can only increase your funds to buy virtual coins.

Yes the recent downtrend is a short term fall and the market is look like sideways .we have seen clearly that the market are surviving for couple of months and still its on strong support level .So that if its recover this area it will surely go to the up and continue the next bull run .So i think nothing to worry about the recent downtrend and we should need to wait until the next momentum start .

$anounimus$

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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?

My point of view is spoiled when you expect BTC to start a downtrend, so my mind can't digest your true desires,
so on this occasion I just want to ask why do you expect BTC to start a downtrend?

TWW

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many people think it might be more on a downtrend. but there is still a possibility to be able to create a BTC pump to strengthen the market. creating more and more BTC adoption will help the market improve gradually.
more new projects or more investments in altcoins can also make BTC stable and growth will shift to altcoins. this could keep the market from being in a major correction.
we can only see what will happen this month. maybe something we didn't expect could happen to surprise us all.

smartaction

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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

Ekyfitri

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the movement of BTC in the market today still makes us confused to determine our investment plans. because the decline in BTC as the OP said could have an impact on altcoin assets.
there is a chance that BTC will pump back, but it will not be as strong as it was with ATH. but there is also the possibility of a deeper correction as more people believe what you say.
to be honest, topics like this can make new people who have assets on the exchange panic and sell their assets. this could be a negative sentiment for BTC and the crypto market.

mobtc

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Now it is only a short-term shock area，The next bull market starts only need to wait for an opportunity. You can only increase your funds to buy virtual coins.

tbct_mt2

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If you think the trend is down, it began weeks ago. If you think the trend is still up, the market is in accumulation phase after correction weeks ago.

Death cross and golden cross don't work correctly for Bitcoin. Very few times you see those crosses are correct with trend because of coincidence. Sometimes and you will more often see in bull market, fake death cross. After few months of accumulation, price rises again and gets new all time highs.

Snappycoco

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BTC still holds its support areas and I believe its still normal as of now. It will still hold and probably be bullish in few months specially that countries like El Salvador, Australia and more will probably be following their steps. It wont be dead as what you think unless institutions trust would be gone across the globe.

rinkidas14

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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?

Topic: Btc down trend are started ? - page 9. (Read 1665 times)