BTC: is it really bearish? - page 2.

Hamphser

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Quote from: Finestream on January 17, 2022, 05:25:27 PM

Quote from: wxa7115 on January 17, 2022, 12:13:16 PM

Quote from: bekti3 on January 13, 2022, 12:07:45 PM

Expectations about december are too high causing a mismatched reality and regret Cheesy

Calm down my friend also feels the same way but on the other hand it's still a blessing because the price is still good to buy and this is a discount before reaching $100k.
there was nothing to do but wait because there really was nothing else to do at this point.
panic now is not the time and not suitable for panic Cheesy

Just enjoy and hope this correction will be finished soon

The expectations were too high but they were not really out of place, people were expecting that maybe something similar to what we saw with the last bull run will happen again, unfortunately that was not the case but I think they had a point when thinking that such an event could repeat itself.

Now that December has passed and we know that it did not happen, but to me this just means that the ranging market in which we are in will just last a little bit longer, and once the whales have accumulated enough coins we are bound to see another important increase in the price of bitcoin.

Probably, we will see bitcoin's new ATH once the big whales will take a break from accumulating coins. And when we see bitcoin is recovering, the whole crypto market will also be seen in price increase again. But for the meantime, its best if we could also grab this opportunity to fill our bags with promising coins so we can also prepare once the market recovers. By that time, if we can start buying now and hold, there will be huge profits that we will be reaping by then.

You would really expect these kind of words whenever there's a market price decline on which people would really be having those thoughts and mindset which is something a part or been a natural thing happens on a
market yet we cant really just be moving upward constantly.

Of course there would be corrections and dumps that do happen yet we do have this situation called "profit taking" and some several factors that do affect the market when it comes to news
or simply with fundamentals.

If you are an investor then this is something you should mainly realized on.

Finestream

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Quote from: wxa7115 on January 17, 2022, 12:13:16 PM

Quote from: bekti3 on January 13, 2022, 12:07:45 PM

Expectations about december are too high causing a mismatched reality and regret Cheesy

Calm down my friend also feels the same way but on the other hand it's still a blessing because the price is still good to buy and this is a discount before reaching $100k.
there was nothing to do but wait because there really was nothing else to do at this point.
panic now is not the time and not suitable for panic Cheesy

Just enjoy and hope this correction will be finished soon

The expectations were too high but they were not really out of place, people were expecting that maybe something similar to what we saw with the last bull run will happen again, unfortunately that was not the case but I think they had a point when thinking that such an event could repeat itself.

Now that December has passed and we know that it did not happen, but to me this just means that the ranging market in which we are in will just last a little bit longer, and once the whales have accumulated enough coins we are bound to see another important increase in the price of bitcoin.

Probably, we will see bitcoin's new ATH once the big whales will take a break from accumulating coins. And when we see bitcoin is recovering, the whole crypto market will also be seen in price increase again. But for the meantime, its best if we could also grab this opportunity to fill our bags with promising coins so we can also prepare once the market recovers. By that time, if we can start buying now and hold, there will be huge profits that we will be reaping by then.

Drnice

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Technical analysis for me is more of effect in the forex trading as some forms of regulation do have its effect in the system and market, where by with some push of buttons and speech made publicly can twist the market heavily. This is also possible in the crypto world, but not really coming from some set of bodies. Bitcoin from the deep that was seriously experienced at 2017-2018 ATH and ATL made everyone to have the full perspective of Bitcoin as an assets that goes on both ways, just with time put in consideration, with a heart ready to hold all time long. The price of Bitcoin for a while now has been on the price mark of $42k and still moving within that range. Until it changes, either downwards, the deep continues and we buy or upwards, while we hold that which we have.
Bitcoin has a bright future and that is not arguable, cause it is known and yet to be well known as time goes on. If more investors join the community this year, then we should be expecting better highs and a new markto be made.

Sanitough

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Quote from: Argoo on January 17, 2022, 02:20:57 PM

Quote from: ven7net on January 17, 2022, 12:58:48 PM

Quote from: BernyJB on January 05, 2022, 09:28:15 AM

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? Huh

Probably you just don’t need to listen to those who claim that BTC is now in a bearish trend, but there is also another answer, maybe you just didn’t draw the lines correctly, or you drew them according to your vision and knowledge, and not how they see the situation on the market its other members. Personally, I can only guess, since I myself am not an expert in this area. However, I agree more with your vision of the situation with BTC, since I myself drew some lines and I also got an uptrend, not a bearish one.

Whether it’s a bear market or it’s just a deep correction, however, for several months now, the cryptocurrency has fallen sharply in price and is practically standing still. Moreover, this happened in the last two months of the year, when traditionally prices, on the contrary, always grow significantly in price. Now I think that we are expecting a rise in prices in this market, but not now, but after some time: maybe another month or two will pass. However, growth is bound to happen.

Despite of the doubt if we are still bullish or bearish, i think as long as we are still witnessing that prices are declining, then it will be a good way to buy at the dip so we can prepare and maximize our profits when a real bull run comes in the market. After all, we are here for profits and right now we are seeing opportunities in front of us, so its better if we can buy in every dip because we really don't know when will this price correction recovers.

Argoo

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Quote from: ven7net on January 17, 2022, 12:58:48 PM

Quote from: BernyJB on January 05, 2022, 09:28:15 AM

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? Huh

Probably you just don’t need to listen to those who claim that BTC is now in a bearish trend, but there is also another answer, maybe you just didn’t draw the lines correctly, or you drew them according to your vision and knowledge, and not how they see the situation on the market its other members. Personally, I can only guess, since I myself am not an expert in this area. However, I agree more with your vision of the situation with BTC, since I myself drew some lines and I also got an uptrend, not a bearish one.

Whether it’s a bear market or it’s just a deep correction, however, for several months now, the cryptocurrency has fallen sharply in price and is practically standing still. Moreover, this happened in the last two months of the year, when traditionally prices, on the contrary, always grow significantly in price. Now I think that we are expecting a rise in prices in this market, but not now, but after some time: maybe another month or two will pass. However, growth is bound to happen.

ven7net

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Quote from: BernyJB on January 05, 2022, 09:28:15 AM

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? Huh

Probably you just don’t need to listen to those who claim that BTC is now in a bearish trend, but there is also another answer, maybe you just didn’t draw the lines correctly, or you drew them according to your vision and knowledge, and not how they see the situation on the market its other members. Personally, I can only guess, since I myself am not an expert in this area. However, I agree more with your vision of the situation with BTC, since I myself drew some lines and I also got an uptrend, not a bearish one.

wxa7115

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Quote from: bekti3 on January 13, 2022, 12:07:45 PM

Expectations about december are too high causing a mismatched reality and regret Cheesy

Calm down my friend also feels the same way but on the other hand it's still a blessing because the price is still good to buy and this is a discount before reaching $100k.
there was nothing to do but wait because there really was nothing else to do at this point.
panic now is not the time and not suitable for panic Cheesy

Just enjoy and hope this correction will be finished soon

The expectations were too high but they were not really out of place, people were expecting that maybe something similar to what we saw with the last bull run will happen again, unfortunately that was not the case but I think they had a point when thinking that such an event could repeat itself.

Now that December has passed and we know that it did not happen, but to me this just means that the ranging market in which we are in will just last a little bit longer, and once the whales have accumulated enough coins we are bound to see another important increase in the price of bitcoin.

bekti3

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Quote from: BernyJB on January 13, 2022, 11:28:59 AM

Quote from: Kemarit on January 13, 2022, 10:22:40 AM

What do you think will be the top though this year? I know that everyone is eager to see the price hitting $100,000 because it seems that we have been 'programmed' but some prediction modelling that we are going to hit that price.

However, it didn't and people now see the bear market slowly getting into the picture. So if you are still bullish can we still get into that 6 digits? or a new all time high around $70,000 but not going to reach $100,000?

Wouldn't we ALL love that? Grin

100K! Dammit!
We'll have to wait and see (and keep our fingers crossed). Right now at 43K, if I had a penny I'd put it on BTC. Over time BTC has shown to be more stable than other coins, so I don't know if I'd go as high as 100K, but I wouldn't be surprised if it went over 80 or 85K before the end of the year.
If my lines hold true (and that's a big "if"), it should be hitting 72+K by May. From then on, only time can tell where it goes...
If it breaks the resistance, 100K wouldn't be so far-fetched... Cool

Expectations about december are too high causing a mismatched reality and regret Cheesy

Calm down my friend also feels the same way but on the other hand it's still a blessing because the price is still good to buy and this is a discount before reaching $100k.
there was nothing to do but wait because there really was nothing else to do at this point.
panic now is not the time and not suitable for panic Cheesy

Just enjoy and hope this correction will be finished soon

CaptainCrapper

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Quote from: BernyJB on January 05, 2022, 09:28:15 AM

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? Huh

Pump and dump this is market I think the market will pump soon it can call we correction cause covid situation is badly increasing hole wold day bay day. so after some day, I think everything will recover.

BernyJB

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Quote from: Kemarit on January 13, 2022, 10:22:40 AM

What do you think will be the top though this year? I know that everyone is eager to see the price hitting $100,000 because it seems that we have been 'programmed' but some prediction modelling that we are going to hit that price.

However, it didn't and people now see the bear market slowly getting into the picture. So if you are still bullish can we still get into that 6 digits? or a new all time high around $70,000 but not going to reach $100,000?

Wouldn't we ALL love that? Grin

100K! Dammit!
We'll have to wait and see (and keep our fingers crossed). Right now at 43K, if I had a penny I'd put it on BTC. Over time BTC has shown to be more stable than other coins, so I don't know if I'd go as high as 100K, but I wouldn't be surprised if it went over 80 or 85K before the end of the year.
If my lines hold true (and that's a big "if"), it should be hitting 72+K by May. From then on, only time can tell where it goes...
If it breaks the resistance, 100K wouldn't be so far-fetched... Cool

lixer

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Quote from: Kemarit on January 13, 2022, 10:22:40 AM

I know that everyone is eager to see the price hitting $100,000 because it seems that we have been 'programmed' but some prediction modelling that we are going to hit that price.

Yes, everyone is expecting like got "programmed" because we are all got used to such 10x growth in previous 2 cycles of bitcoin markets. Repeating of history is most common scenario in all markets hence it seems no one is hesitating to speculate about the possibilities of reaching $100k in this cycle. But, pandemic might be playing a spoiler role here.

Quote from: Kemarit on January 13, 2022, 10:22:40 AM

people now see the bear market slowly getting into the picture. So if you are still bullish can we still get into that 6 digits? or a new all time high around $70,000 but not going to reach $100,000?

We cannot say that we are already into the bear market as bouncing back may happen at any time. Support around $40k is strongly holding and bitcoin is trading positive since last Sunday hence probably we might have reached the bottom of 2022, who knows?

Kemarit

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Quote from: BernyJB on January 13, 2022, 09:07:38 AM

The point (or MY point) is, at least the way I see it, BTC started going up in 2020 and never looked back. It's 100% bullish, not bearish.
Sure, it has big (huge) swings. but not once has it gotten lower than its previous low, and it keep reaching ATH's consistently. Now it's going up. I'm expecting it to keep going up for a few months, until it reaches a new ATH, and then we'll see if it bounces back down or shoots up.

What do you think will be the top though this year? I know that everyone is eager to see the price hitting $100,000 because it seems that we have been 'programmed' but some prediction modelling that we are going to hit that price.

However, it didn't and people now see the bear market slowly getting into the picture. So if you are still bullish can we still get into that 6 digits? or a new all time high around $70,000 but not going to reach $100,000?

BernyJB

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The point (or MY point) is, at least the way I see it, BTC started going up in 2020 and never looked back. It's 100% bullish, not bearish.
Sure, it has big (huge) swings. but not once has it gotten lower than its previous low, and it keep reaching ATH's consistently. Now it's going up. I'm expecting it to keep going up for a few months, until it reaches a new ATH, and then we'll see if it bounces back down or shoots up.

lienfaye

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Regardless on how good we are in making our own technical analysis, we cant accurately predict the movement of Bitcoin because anything is possible to happen. It can move upward, sideways or continue to decline. However this past few days the price is showing good improvement so im thinking the price wont go down further to $40k.

On the other side if we compare the current price to its ATH last year, we can speculate that we might be in bearish season already. However the current price is still expensive if we're going to track the past history of Bitcoin. Hence we should not worry to much and look forward for what future holds.

Maslate

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There's a small recovery, this is a good sign for the market, however, I think it's just a small pump but when the bearish mode is more dominant then we can expect more drops in the days to come. We cannot expect a lot after a bull run as based on trends, the market will be bearish afterwards, that's the fact.

blockman

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Quote from: ?? on ??

Bitcoin is now above $40k again which is I think slightly recovering.

If the price you look to recover is higher than $40k then that's really a slight recovery. But looking back at the price with a year or two, it's more than a slight.

Quote from: ?? on ??

Good for those who bought at a lower price. Buying bitcoin is the best strategy while price is cheap and do not fear if it will drop further just buy more and wait until market rise again.

They deserve it. They're listening to the advice of everyone who tells them to buy when it's low. But to those that will feel bad again for not buying on $40k, they're good to wait again for another correction. But if you're going to calculate the profit of theirs, that's still not that much especially if it's not a whole bitcoin that they've bought. It could be just a couple of bucks for small amounts to hundreds.

AmoreJaz

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Quote from: ?? on ??

Bitcoin is now above $40k again which is I think slightly recovering. Good for those who bought at a lower price. Buying bitcoin is the best strategy while price is cheap and do not fear if it will drop further just buy more and wait until market rise again.

but let's admit that most people were in panic mode when btc started going down. some were even speculating that it will hit 30k level. but the opposite happened, we are now going up again. so if you are in this market, your strategy matters to how you will optimise your gains here. don't follow the fud, just follow your own instincts. because at the end of the day, they don't care about your funds, it is all on you how you will take care of your investments.

Shasha80

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Quote from: SquallLeonhart on January 09, 2022, 02:24:22 PM

Quote from: Shasha80 on January 09, 2022, 06:58:50 AM

Sometimes being a successful investor does need to suffer losses first, so for newbies, please don't give up when they experience losses. The most important thing is that we can learn from the mistakes we have made, so we don't have to make the same mistakes next time. Hopefully my fear that Bitcoin will drop below $40k doesn't come to pass, that's why I always recommend to everyone to buy Bitcoin at the current price. Because if more people buy Bitcoin the price will help to go up.But it would be even better if in the near future some good news emerged regarding Bitcoin, so it will make more and more people invest in Bitcoin.

As a person who has seen the price drop so many times in the past 10 years, I have to say newbies have always been like this and it looks like the "crash" we are having keeps becoming smaller and smaller. I mean remember the 2014 crash, it was horrible and took years to recover, then the 2018 crash and it took lesser years, and then in 2020 we literally had a crash and then a new ATH after that, which shows that there are less and less people who believe that bitcoin will crash and hence they end up not selling too much and the price drops a lot less than usual.

I hopefully can see that this crash will recover quicker than the previous ones as well, 2022 will have a big skyrocketing price for sure, I do not know when that will happen but I am sure that it will happen. Hopefully it will not take too much of time so that we could make some profit.

The history of the Bitcoin movement has taught us all that patience will bring us big profits. Therefore, many people are used to when the Bitcoin
price crashes, because no matter how deep the Bitcoin price goes down, it will always go up again. So what needs to be done when the bearish
trend comes is to remain patient holding the Bitcoins we have, if we have extra money we can use it to buy more Bitcoin, the more we collect Bitcoin,
the greater the profit we generate. Earlier this year the price of Bitcoin was still in a bearish trend, but I'm optimistic it won't last long. Because
many people are more prepared to face the current bearish trend, compared to previous years. I even dare to predict the increase in the price of
Bitcoin in 2022 will be much higher than in 2021. So only people who are patient holding their Bitcoins will enjoy big profits this year.

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Quote from: jrrsparkles on January 05, 2022, 11:33:18 AM

Quote from: BernyJB on January 05, 2022, 09:28:15 AM

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? Huh

No one can say that, and only with TA also you can't come into any conclusion because there are lot of other factors also affecting the prices of cryptos. We already entered into 2022 and if you take a look at the history of 2017 and 18 there were similar patterns so commonly people get the impression of prices is about the fall so they all might started selling once their panic region started touching,

I think the chart is clearly showing everything positively .Its a clear bullish pattern .I think the thing he miss here the fear and panic sell which we don't able to draw on the chart or pattern .People are really get confused if it behave like 2017 as you mentioned that's the are having to sell their asset they even look into the pattern or chart that's why market are surviving now a bit .Surely it will recover and the chart is telling us that .So we need to patient and hold our asset may be the year 2022 will be huge for crypto holder .

cheezcarls

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Quote from: BernyJB on January 05, 2022, 09:28:15 AM

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? Huh

As of today, some analysts say that we may have already reached the bottom. Last time, it broke the support level of $40k, so most of the speculators claim it might go down to $30k. However, $39k was the lowest before climbing back up to the range of $41k to $42k (just pushed back up to $43k as of this time of posting). Yup, it can be an upward trend as you said but we have to be prepared for the unexpected later on.

Topic: BTC: is it really bearish? - page 2. (Read 764 times)