One of the signs that reassures me is that no one knows the reason for the recent rise.
After several attempts to break 18K levels, we did it easily, which means that something has happened, but its details have not been published yet, which means that in order to remain above these levels, we need a confirmation signal by staying close to ~23k to ~28k which is something the price continues to do.
What will happen if we do not continue to this extent? Simply, we will return to the support level at 18K, and we may continue until March.
Geopolitical changes and the global economy will severely affect the coming months.
Topic: BTC rise described as false bull - page 6. (Read 771 times)
Never listen to anyone while doing trades in crypto market. Even if they are saying different things, what does your analysis says about the market movements?
We know we are still in a bear market because we haven't crossed the threshold of the resistance level. If we break the level, only then we can say that this is the indication towards the bull run. And as you mention that everyone was expecting the pump from the beginning of this year, what if the bears are thinking the same and trying to put you in a trap?
So the safe decision is to do your own analysis to come up with the best possible outcome and if you are really thinking that this is a bull run, then why not just wait for the market to cross the level and then invest?
Greed is bad and leads to emotional decision. Every pro knows that. It will be a very interesting battle between the bulls and the bears to watch. Let's see what happens.
We know we are still in a bear market because we haven't crossed the threshold of the resistance level. If we break the level, only then we can say that this is the indication towards the bull run. And as you mention that everyone was expecting the pump from the beginning of this year, what if the bears are thinking the same and trying to put you in a trap?
So the safe decision is to do your own analysis to come up with the best possible outcome and if you are really thinking that this is a bull run, then why not just wait for the market to cross the level and then invest?
Greed is bad and leads to emotional decision. Every pro knows that. It will be a very interesting battle between the bulls and the bears to watch. Let's see what happens.
I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull
Easy, Bitcoin community is very impatient and wants to become rich overnight. So people think every new year must be a bullish year. Despite the fact that historically the cycles are tied to halvenings and large bull run start after them and explode around 1 year after the halvening.
People need to learn to manage their expectations. Assets that go only up and fast and always don't exist. Assets that consistently go up do it slowly. Assets that go up fast also go down fast. Or eventually stop going up fast. It's already a miracle that after 14 years Bitcoin still shows tremendous growth.
What ratio of market movement have been met to declare a Bitcoin bull market, since the last bitcoin price direction cycle witnessed last is ba ear market which has consistently persisted over a period of 3-6 months in a row to make a complete an official Bitcoin bear market. What I can see in all this is just inpatient from bitcoin price, speculators who are just too quick to declare a market state so seeing that bitcoin touched $23,000 in the present time doesn't really mean much as long as the price has not persisted on an uptrend direction for a period of 3 -6 months to complete a full cycle.
What I will say about all this is that we should be more holistic in our analyzes and we should be ready to give some time before making any Bitcoin market predictions.
What I will say about all this is that we should be more holistic in our analyzes and we should be ready to give some time before making any Bitcoin market predictions.
There will be statements that were in favour as well as against the reality of the market. It is upto our understanding about the market, if we take it as bullish move we're positive about market. If the same is considered as a temporary move, then we should analyse further and one should not get into panic at any instance.
Whether the crypto is at the decline or on the bullish, we'll get opportunity to profit from the market variation. One need to keep himself active to book the profit. This let's the user enjoy criticism
Whether the crypto is at the decline or on the bullish, we'll get opportunity to profit from the market variation. One need to keep himself active to book the profit. This let's the user enjoy criticism
The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January. What do we think about this as a community here?
As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.
As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.
Whatever it is, false bull or false breakout, doesn't matter specially for those who are continuing to accumulate, and specially looking for long term investments. TA can do as much for us, but there could be time that it might break.
And remember that we are around this price prior to the FTX collapse, so I will say that we should be where we are months ago. The real bull market should happen though after the bitcoin halving, so that is still very far. So just continue to monitor the price and adjust your investment pattern. Or better yet, do DCA if you really want to buy bitcoin and HODL.
it's too early to say bullish has come, I think the movement at the beginning of the year is the initial pump and new enthusiasm in trading at the beginning of the year after the market always declines, stay careful when investing, all risks are borne by the individual,
There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.
bulls and bears are declared 6months after the fact... meaning its a retro active term..
much like inflation and recession are only officially announced 6 months after the up or down.
however people dont have patience and so they want to shout bull and bear too quick. thus when they get it wrong they say that it was a false bull..
actual fact is they were too impatient and want to call out things before the defined terminology meets its criteria
thus its the callers, shouters, screamers. with impatience that are the trap/false declaration .. not the market
people shouting bull or bear the day they see a rise or fall are just idiots
much like inflation and recession are only officially announced 6 months after the up or down.
however people dont have patience and so they want to shout bull and bear too quick. thus when they get it wrong they say that it was a false bull..
actual fact is they were too impatient and want to call out things before the defined terminology meets its criteria
thus its the callers, shouters, screamers. with impatience that are the trap/false declaration .. not the market
people shouting bull or bear the day they see a rise or fall are just idiots
The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January. What do we think about this as a community here?
As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.
As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.
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