BTC Sentiment Poll for April - page 2.

CaVO32

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Quote from: fzkto on April 24, 2022, 12:24:11 PM

I have a feeling that tomorrow the market will be even redder than today. Right now we can see that bitcoin price has been manipulated for several hours. First the price went up to almost 40k and then it went down sharply to 39k. It feels like the manipulators want to cheat everyone once again. I wouldn't be surprised if the price goes below 39k again tonight. But I would like to be wrong.

Are there really manipulators in btc market? Remember, to move this market, you need large amount of money to see the effect on its trend. Maybe, it is just the general sentiment that we are seeing here. When people are seeing that btc is going down below 40k, some are selling their satoshis before it goes down even further. But this may be short duration only, we may see it going up again anytime soon.

fzkto

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I have a feeling that tomorrow the market will be even redder than today. Right now we can see that bitcoin price has been manipulated for several hours. First the price went up to almost 40k and then it went down sharply to 39k. It feels like the manipulators want to cheat everyone once again. I wouldn't be surprised if the price goes below 39k again tonight. But I would like to be wrong.

Silberman

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Quote from: fzkto on April 22, 2022, 12:42:33 PM

Quote from: tokeweed on April 22, 2022, 11:08:47 AM

^ That's the problem with that kind of thinking. 'Faith' has nothing to do with price. And yeah I kinda agree with May. Nobody knows. I've been some guys saying sell in 'May and stay away' implying a slightly downward trend and possible more sell downs. Dunno... Just stay safe out there.

Anyway, check out the price... And just like that BTC was breaking above 42k with 45k looking to be a sure thing then out from nowhere somebody pushes it back down to 40k. Market is spooked and down it goes some more to 39k with 38k looking very likely. :/

Probably 38-42-45k is the range in which bitcoin will stay for a while until the bulls or bears win. I don't know how long this accumulation will last, but I think we will see the outcome soon. Personally, I think bitcoin will still show growth before it drops. I also think we will see a serious drop before the next halving. These are market cycles that repeat themselves regularly.

Bitcoin has been moving between those levels for some time and the market lacks the strength to break away from them, but at the same time there is not much of a chance for the price to get lower because institutional investors will load on all the bitcoin they can if the price drops too much, so we are trapped in a limbo from which the price cannot escape and the more time it passes in which we are under those circumstances then the more difficult it would seem for some people that we can breakaway from those levels.

RealMalatesta

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Quote from: Yaunfitda on April 23, 2022, 08:07:45 AM

Quote from: evilgreed on April 23, 2022, 07:50:07 AM

I don't know about you all but I for sure am expecting another downside direction in the short term before going for another retest on the 44k-45k area. This isn't a financial advice or anything of the sort and isn't something that anyone out there can also tell for sure so trade at your own risk. Anyway, having said these I have already opened a long position on leverage at 37,700-37,800k if it gets picked up good and if not, then still okay. There can be good scalps within the shorter timeframes anyway, so for my big trade I am going to be patient and wait.

Not at all, if we are going to based that we are indeed in a bear market then we should expect the price to go down to lows of $30k. We've seen that already in February if I'm not mistaken and there is a possibility that we can even further dip. I don't do trades right now though, but yeah there are a lot of opportunity still in the market to squeeze some profits at the side as long as you have the skills and the patience.

I agree that we are not really in a "bear" market, yes we are not doing well but we are not doing badly enough to call it a bear market just right now. We are doing just decently and that should be good enough for people to assume it won't get any worse, like we could go up right now and nobody would be surprised.

This is what separates a bear market from a regular market, if you are in a bear market then things are all going down and everyone is pessimistic and there are even people who think it will crash to zero, which it never does but they still exist for some reason. So, I believe that as long as we are not around 30k, we should be considering just regular market movements.

evilgreed

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Quote from: Yaunfitda on April 23, 2022, 08:07:45 AM

~

This indeed can naturally be the case. That is, if we base on traditional ways of how we deal with bitcoin in the past. Right now though, it has proven to be more difficult to see long term direction of bitcoin due to a wide variety of variables we see nowadays. I even am losing confidence in my indicators after a few wrong moves. Maybe it's just because I ain't that well versed in trading yet. But the main thing I am really banking on right now is the fact that most miners are gon go hard on buying when BTC approaches the price range 33k-35k. So there can still be time to decide by then whether the conditions look bad or getting better. Anyway, thanks for the insight. I appreciate learning new things every now and then.

buwaytress

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Quote from: Baofeng on April 23, 2022, 07:18:26 AM

Quote from: buwaytress on April 23, 2022, 03:52:18 AM

Yeah mentioned yesterday these last few 40k breaks have puzzles me as have been expecting 38k and below to be easily done with repeated failure of 40k as support -- BUT we could also be underestimating the desire of bulls to be tested and relinquish 40k temporarily. One of the tightest ranges over one of the longest periods (relatively) this year so far, that's a proper tug of war but one guy just needs to lose their footing Wink

Let's see if the bulls can defend the $40k again, as you have said the supports seems to be very tight and we even have some movement above that support line and I thought that we can go to the next, at least $45. So there is a battle on the floor, bulls and bears trying to get the advantage in this race up to the end of the month at least. So it's going to be $40k++ or a minor divergence again to $38k.

We'll need to first get over the line, hopefully today, but at least by tomorrow. Trend so far does look encouraging but it's Monday when regular markets open that Bitcoin will need to defend whatever sentiment is prevalent by then. And defending it above $40k is what I'd hope to see in the final stretch of April. I'm the last to pin any hopes though, we're midway through the halvings and haven't had the requisite crash yet.

STT

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We failed the 42k attempt quite quickly, it literally reversed back down which is not bullish at all. People dont like TA for this reason it can go either way, trick is to take note of the direction and sentiment as a good indicator so we have to now.
So its found both 200 day and this 50 day average recently as a ceiling, we are neutral sideways unless it does break the longer term trend up. Think we are ok for now.

Yaunfitda

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Quote from: evilgreed on April 23, 2022, 07:50:07 AM

I don't know about you all but I for sure am expecting another downside direction in the short term before going for another retest on the 44k-45k area. This isn't a financial advice or anything of the sort and isn't something that anyone out there can also tell for sure so trade at your own risk. Anyway, having said these I have already opened a long position on leverage at 37,700-37,800k if it gets picked up good and if not, then still okay. There can be good scalps within the shorter timeframes anyway, so for my big trade I am going to be patient and wait.

Not at all, if we are going to based that we are indeed in a bear market then we should expect the price to go down to lows of $30k. We've seen that already in February if I'm not mistaken and there is a possibility that we can even further dip. I don't do trades right now though, but yeah there are a lot of opportunity still in the market to squeeze some profits at the side as long as you have the skills and the patience.

evilgreed

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I don't know about you all but I for sure am expecting another downside direction in the short term before going for another retest on the 44k-45k area. This isn't a financial advice or anything of the sort and isn't something that anyone out there can also tell for sure so trade at your own risk. Anyway, having said these I have already opened a long position on leverage at 37,700-37,800k if it gets picked up good and if not, then still okay. There can be good scalps within the shorter timeframes anyway, so for my big trade I am going to be patient and wait.

Baofeng

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Quote from: buwaytress on April 23, 2022, 03:52:18 AM

Quote from: tokeweed on April 22, 2022, 11:08:47 AM

Anyway, check out the price... And just like that BTC was breaking above 42k with 45k looking to be a sure thing then out from nowhere somebody pushes it back down to 40k. Market is spooked and down it goes some more to 39k with 38k looking very likely. :/

Yeah mentioned yesterday these last few 40k breaks have puzzles me as have been expecting 38k and below to be easily done with repeated failure of 40k as support -- BUT we could also be underestimating the desire of bulls to be tested and relinquish 40k temporarily. One of the tightest ranges over one of the longest periods (relatively) this year so far, that's a proper tug of war but one guy just needs to lose their footing Wink

Let's see if the bulls can defend the $40k again, as you have said the supports seems to be very tight and we even have some movement above that support line and I thought that we can go to the next, at least $45. So there is a battle on the floor, bulls and bears trying to get the advantage in this race up to the end of the month at least. So it's going to be $40k++ or a minor divergence again to $38k.

buwaytress

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Quote from: tokeweed on April 22, 2022, 11:08:47 AM

Anyway, check out the price... And just like that BTC was breaking above 42k with 45k looking to be a sure thing then out from nowhere somebody pushes it back down to 40k. Market is spooked and down it goes some more to 39k with 38k looking very likely. :/

Yeah mentioned yesterday these last few 40k breaks have puzzles me as have been expecting 38k and below to be easily done with repeated failure of 40k as support -- BUT we could also be underestimating the desire of bulls to be tested and relinquish 40k temporarily. One of the tightest ranges over one of the longest periods (relatively) this year so far, that's a proper tug of war but one guy just needs to lose their footing Wink

el kaka22

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Quote from: Captain Corporate on April 21, 2022, 02:43:22 PM

I said no as well because we did a good job in April but we could do even better in the future as well. I am not saying that May will be a profitable month, I would not know, nobody knows, but I have faith in bitcoin that it could go higher. I agree that anytime it fails to go down, is another stone put on top of that 40k price, and when we have enough stones to call it a wall, we could put our backs against that wall and look ahead. We can't go up while being afraid of going down as well, people would be terrified of buying at that level, but if we could have a good situation where going down is a minimal risk, then we could put more money in with ease.

What we are doing right now is not just building a wall to prevent going down, but also getting more ammo to attack the higher levels as well. Last time we tried, we hit 48k and that was a great period, however we ran out of ammo and couldn't buy more, in order to make it higher. This time around we are making profit at lower levels first so that we would have enough to eat that up at higher levels and try greater.

If we can achieve that then we all would make a profit, if our ammo is enough to break over 48k and reach to 50k+ levels then it would be great, if we fail then we made enough profit at closer to 40k so we could just feel fine about it anyway.

bocyaj

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April will be the sound good for the pump of the price of the bitcoin.Because after the year end system of March and April,their will be huge free money among the people for the investment.It’s reason for huge pump during the month of March,April of every year.And the long term holding people can make some investment and cash out during this two months every year.

Captain Corporate

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I do not agree with you guys. This could be a drawback where the price will go a lot higher in the longer term. I am not saying that it "will", thats something nobody knows and I am not claiming to know for sure where the price is going. But just because we had a small fall, which is like under %3 fall by the way, doesn't mean that we will keep going down for a long time. I still think that May could be a great month, this could go on for like 10 days and accumulate more and more from these prices and then suddenly we could breakout. That is what I am "hoping", or that is what I have faith on, doesn't matter what you want to call it, I do not know if it will, I do not care if it does because I will keep on holding until I have enough BTC to retire, and it won't be anytime soon anyway.

fzkto

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Quote from: tokeweed on April 22, 2022, 11:08:47 AM

^ That's the problem with that kind of thinking. 'Faith' has nothing to do with price. And yeah I kinda agree with May. Nobody knows. I've been some guys saying sell in 'May and stay away' implying a slightly downward trend and possible more sell downs. Dunno... Just stay safe out there.

Anyway, check out the price... And just like that BTC was breaking above 42k with 45k looking to be a sure thing then out from nowhere somebody pushes it back down to 40k. Market is spooked and down it goes some more to 39k with 38k looking very likely. :/

Probably 38-42-45k is the range in which bitcoin will stay for a while until the bulls or bears win. I don't know how long this accumulation will last, but I think we will see the outcome soon. Personally, I think bitcoin will still show growth before it drops. I also think we will see a serious drop before the next halving. These are market cycles that repeat themselves regularly.

Dhaniii

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Quote from: Captain Corporate on April 21, 2022, 02:43:22 PM

I said no as well because we did a good job in April but we could do even better in the future as well. I am not saying that May will be a profitable month, I would not know, nobody knows, but I have faith in bitcoin that it could go higher. I agree that anytime it fails to go down, is another stone put on top of that 40k price, and when we have enough stones to call it a wall, we could put our backs against that wall and look ahead. We can't go up while being afraid of going down as well, people would be terrified of buying at that level, but if we could have a good situation where going down is a minimal risk, then we could put more money in with ease.

bitcoin is back down from the last price of $40k and is now at a price of $39k, is it possible for bitcoin to bounce back and break the current april high price. Many of the polls that we get are all still confusing and there is no validity of their opinions so that many investors are still confused in making policies to buy or hold existing assets.

tokeweed

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^ That's the problem with that kind of thinking. 'Faith' has nothing to do with price. And yeah I kinda agree with May. Nobody knows. I've been some guys saying sell in 'May and stay away' implying a slightly downward trend and possible more sell downs. Dunno... Just stay safe out there.

Anyway, check out the price... And just like that BTC was breaking above 42k with 45k looking to be a sure thing then out from nowhere somebody pushes it back down to 40k. Market is spooked and down it goes some more to 39k with 38k looking very likely. :/

Captain Corporate

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I said no as well because we did a good job in April but we could do even better in the future as well. I am not saying that May will be a profitable month, I would not know, nobody knows, but I have faith in bitcoin that it could go higher. I agree that anytime it fails to go down, is another stone put on top of that 40k price, and when we have enough stones to call it a wall, we could put our backs against that wall and look ahead. We can't go up while being afraid of going down as well, people would be terrified of buying at that level, but if we could have a good situation where going down is a minimal risk, then we could put more money in with ease.

buwaytress

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^ Yeah, every failed attempt -- not to break any new resistance but rather, to maintain above support line -- either contributes to bull accumulation or confidence for the bears. Hate that I actually felt relief to see 42 today (I note also 20 April heh) but now it seems to be winding back down with North America up. This weekend is either key, or a rerun. Hoping it's key...

tokeweed

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Quote from: STT on April 21, 2022, 08:53:24 AM

Good idea but BTC right now is signaling bullish or least far more positive action. This is mid week and we can always take a sharp turn but its building positively from what I can tell. In simpliest terms, reference to the 50 day average, we are recovering back above that but also 2 day and weekly averages. Just above the 42k price now is monthly but really staying above 50 day has me thinking BTC will progress positively for this month and possibly medium term.

Really bullish target would be the 48k shown in this chart, which is about the 200 day average. I think we are more slowly gaining so not this month but generally seems quite a genuine turn upwards and not the negative breakdown some feared.

Yeah BTC is looking good rn but it's not out of the woods yet imho. Just a little bit more if it can break out and stay above resistance of around 44k - 45k. It has been trying to break out of it for 4 times now since Feb but it hasn't been successful so far. Hopefully this next one could finally do it. But still unsure as there are lots of stuff going on around the world that could take everything down again. We'll see...

Topic: BTC Sentiment Poll for April - page 2. (Read 734 times)