Topic: BTC: is it really bearish? (Read 817 times)
The overall trend of Bitcoin shows a bearish move because it hasn't recovered after falling from it's ATH. On a short term trade it can be said to be on an uptrend. Investors who speak so much of Bitcoin been bearing are those who bought when Bitcoin was high but after it fell below $35k those who bought the dip are actually having a bearish trend at the moment.
There is nothing wrong with technical analysis or drawing on a market, everyone has their own speculation. I see a bearish trend on low time frames such as 4 hours to weekly, while on large time frames bitcoin is showing a correction before continuing to rise. It all depends on each trading style.
Today the market is green again and it's approaching $40k again, I hope that we continue to hold so we can get profit, if tomorrow or the day after tomorrow the price reaches $40k then I'm optimistic that bitcoin will continue to shine so we can get new ATH again.
Yes by seeing the market return to green this is good news although we will not know and there is still a possibility for the market to return to red,for now continue to follow market movements at any time,
it would be good to see market conditions like this from day to day
When we talk about a market like BTC, we must take into account the number of transactions and the whales that enter, as well as the bullish plots that can be generated.
Today the market is green again and it's approaching $40k again, I hope that we continue to hold so we can get profit, if tomorrow or the day after tomorrow the price reaches $40k then I'm optimistic that bitcoin will continue to shine so we can get new ATH again.
Yes by seeing the market return to green this is good news although we will not know and there is still a possibility for the market to return to red,for now continue to follow market movements at any time,
it would be good to see market conditions like this from day to day
if its bearish then you do buy and when it comes pump a bit or particular percentage then you do secure out profits then this is where most people should really be focusing on.
Now the price is having some gaining situation on which it would be that worth or ideal to sell into those people who had bought on 38k earlier.
A support among $ 38000 has been maintained since the start of the war in Ukraine
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.
Yes, it seems that that support around $38,000 is strong as of this time. It has been defended well many times already. The bullish momentum has disappeared, since we get over like $43,000-$45,000. So now it's gone volume is slowing down, investors are shying away again or moving their funds to other assets. Nevertheless, if we can just maintain around $30,000-$40,000 this year, it will still be a good price for all of us. We don't want to see the price going down below that levels because there could be more panic.
~snip~.
So the magic question would be: what am I missing?
I think when there is a bearish/dump even on BTC it really affects the value of the market aspect on other tokens, but what I think you are missing is when you don't buy at this time, because in essence hodl is a winner So the magic question would be: what am I missing?
A support among $ 38000 has been maintained since the start of the war in Ukraine
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.
Yes, it seems that that support around $38,000 is strong as of this time. It has been defended well many times already. The bullish momentum has disappeared, since we get over like $43,000-$45,000. So now it's gone volume is slowing down, investors are shying away again or moving their funds to other assets. Nevertheless, if we can just maintain around $30,000-$40,000 this year, it will still be a good price for all of us. We don't want to see the price going down below that levels because there could be more panic.
Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.
So the magic question would be: what am I missing?
So the magic question would be: what am I missing?
Trading is not only basing on Technical Analysis, but you should also consider Fundamental Analysis. You should also read about the economic state of some countries that holds a specific coin. I suggest do not only depend on your graph and charts, base also on some news. As a saying 'buy the rumor, sell the news'. Always DO YOUR OWN RESEARCH, TRADE YOUR PLAN AND PLAN YOUR TRADE.
A support among $ 38000 has been maintained since the start of the war in Ukraine
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.
The bullish momentum is slowing down on the daily chart, we probably won't see more upside as the uncertain landscape we are experiencing changes.
This is a new test for bitcoin and the community, not stopping us because something is being built in the crypto market every moment.
OP's analysis is correct because before a bitcoin bullish move there are things to figure out.
There is nothing right and nothing wrong with describing or analyzing a market chart, everyone has their own views and different speculations. When we draw an uptrend line, there must be someone who has a bear analysis at the same time. All of that is influenced by many factors, the use of different timeframes and the trading style of each trader greatly affects market analysis.
Well, everyone is capable to create market analysis but it comes differently since we have our own perspectives and concepts on how we view the market. And for you OP, i guess there's nothing wrong about how you make your own analysis in the market. However, we can only tell that the market is bearish once crypto coins are having price decline of 20%. Seeing the prices not yet hitting the 20% price decline, then certainly this is more of a correction that makes the market moves unstable due to some factors affecting the market. 
Once a season gets over we'll get to know particular trend has got over. In such a way we've crossed the bullish season last year. Once after a bullish season there used to be a bear market for some time period. What we are experiencing at present looks like the real bear market than a massive correction. Everytime there used to be some market crash when the Whales start playing in the market. This time too some Whales have started moving huge volume of bitcoin and now once after the crash started to accumulate again.
For now the long term movement resistance is around $43000. The market keeps bouncing and now it has failed to maintain resistance above $37000, so there is chance of dropping down to $35000. The low bottom resistance for now looks to be $30000.
For now the long term movement resistance is around $43000. The market keeps bouncing and now it has failed to maintain resistance above $37000, so there is chance of dropping down to $35000. The low bottom resistance for now looks to be $30000.
Based on the market trend, bearish market approached this year. The graph and trend keeps on pointing out on bearish season, adding the fact that bearish market happens every 4 years and it's a cycle that keeps on happening over and over again. Which could either be a good thing or bad thing to some as it would make or break their goals and plans depending on which side they are planning to take - sell or buy.
Actually, this season is the great timing and opportunity to buy more reputable and trusted coins and also those which are promising ones that are backed up with data and information which could possibly pump by the next few years. Buying the dip is a nice move to do most especially if you intend to hold and wait for the market to pump again. Only that, if you are patient enough to wait for the perfect timing to withdraw and take profit. After all, not everyone is capable to hold for a long time due to various reasons. Holding is not for paperhands people who are easily shaken by the sudden drops in the market. Instead, it is for the diamond hands that are patient and hopeful enough to wait for their rewards. It is for people who do not panic sell and let their emotions get the best of them.
Actually, this season is the great timing and opportunity to buy more reputable and trusted coins and also those which are promising ones that are backed up with data and information which could possibly pump by the next few years. Buying the dip is a nice move to do most especially if you intend to hold and wait for the market to pump again. Only that, if you are patient enough to wait for the perfect timing to withdraw and take profit. After all, not everyone is capable to hold for a long time due to various reasons. Holding is not for paperhands people who are easily shaken by the sudden drops in the market. Instead, it is for the diamond hands that are patient and hopeful enough to wait for their rewards. It is for people who do not panic sell and let their emotions get the best of them.
~snip~
It would be interesting to see what happens to the market from now on, to me it is clear the drop in the prices we are seeing all over the market has been caused by the crash in the stock market.However this could be enough to make a lot of people panic into thinking the bear market has finally established itself in this market, make them panic and sell their coins for a bad price, however even with this negative movement I believe bitcoin still has a good chance of giving good results this year, it is just that it may take longer than what I expected to see those results.
I am not sure if it's already bearish or not, but it started last month, the market is already struggling so it's safe to assume that we are already in the bear season and the bull market is over. Bitcoin is very cheap now, it could go down below $30k if the current trend will continue.
My money is ready if bitcoin touch below $25k
, I hope this year bitcoin and other altcoins except the memes one keep at a stable pace. I want to buy the dip as much as I can because if bitcoin touch around $20k again it wont happen again in the future. There's a lot of bad news about bitcoin recently so I'm positive right now the market is bearish. 
indeed 2021 may be the golden year of some coins, especially bitcoin, whether to continue from the double top to continue to be bearish or even going to bounce back to retest continuing the double bottom pattern, the scenario really makes me think a little, almost 40% of the decline from last year/coin. Hopefully it gets better soon .I haven't found an entry point for a price search
There are bull and bear markets within a single big bull trend. To see it you just need to zoom out a bit 
Somebody did the math for that and the average yearly profit from holding Bitcoin over the last 12 years was close to 100%. This means that if you held the USD you got -2% a year, If you held the Lira -10% and that stupid little bearish bitcoin was averaging at +100%.
My way of checking what's up with BTC is comparing the yearly lows.
https://twitter.com/DocumentingBTC/status/1412516711040000002/photo/1
Somebody did the math for that and the average yearly profit from holding Bitcoin over the last 12 years was close to 100%. This means that if you held the USD you got -2% a year, If you held the Lira -10% and that stupid little bearish bitcoin was averaging at +100%.
My way of checking what's up with BTC is comparing the yearly lows.
https://twitter.com/DocumentingBTC/status/1412516711040000002/photo/1
This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.
It would be interesting to see what happens to the market from now on, to me it is clear the drop in the prices we are seeing all over the market has been caused by the crash in the stock market.However this could be enough to make a lot of people panic into thinking the bear market has finally established itself in this market, make them panic and sell their coins for a bad price, however even with this negative movement I believe bitcoin still has a good chance of giving good results this year, it is just that it may take longer than what I expected to see those results.
I am not sure if it's already bearish or not, but it started last month, the market is already struggling so it's safe to assume that we are already in the bear season and the bull market is over. Bitcoin is very cheap now, it could go down below $30k if the current trend will continue.
This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.
It would be interesting to see what happens to the market from now on, to me it is clear the drop in the prices we are seeing all over the market has been caused by the crash in the stock market.However this could be enough to make a lot of people panic into thinking the bear market has finally established itself in this market, make them panic and sell their coins for a bad price, however even with this negative movement I believe bitcoin still has a good chance of giving good results this year, it is just that it may take longer than what I expected to see those results.
I am not sure if it's already bearish or not, but it started last month, the market is already struggling so it's safe to assume that we are already in the bear season and the bull market is over. Bitcoin is very cheap now, it could go down below $30k if the current trend will continue.
This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.
It would be interesting to see what happens to the market from now on, to me it is clear the drop in the prices we are seeing all over the market has been caused by the crash in the stock market.However this could be enough to make a lot of people panic into thinking the bear market has finally established itself in this market, make them panic and sell their coins for a bad price, however even with this negative movement I believe bitcoin still has a good chance of giving good results this year, it is just that it may take longer than what I expected to see those results.
This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.
Seeing how bitcoin price moves these days, i know it will lead to its bearish season that will pull the bitcoin price more. And for sure, some investors and long term hodlers will panic more seeing the price of bitcoin continues to fall. Maybe this time, it will reach $30k price level if this bear season will stay longer, but on the bright side it will open more opportunity for us so we can start buying bitcoin and good altcoins at their very low prices. This is a good preparation indeed so we can gain huge profits once bullish season will take over the bearish market.
This is the bear market that making speculators had been talking about and it's the best time to accumulate more positions of Bitcoin and altcoins because I am certain that soon the bull run will overtake the bear in slumber and take up the race to the top breaking another height that will shock making people including Investors and holders. Bitcoin is surely going to be sent to the space not just the moon.
Jump to: