I guess we do attempt upwards, but the battle aint even begun yet so still waiting really. Here is a good range to watch just in this short term 'rocky and winding road', pace right now is cart horse progress :p
Topic: BTC Sentiment Poll for August - page 4. (Read 934 times)
Can see on the OP chart where is the most common tail end to the bars, its about 30k. So thats the hard check, however we have got ourselves stuck on this current price and are yet to begin to challenge that area. When we do get unstuck I'd guess thats where we start to explore, market still waiting to decide if we even go that way.
I guess we do attempt upwards, but the battle aint even begun yet so still waiting really. Here is a good range to watch just in this short term 'rocky and winding road', pace right now is cart horse progress :p
I guess we do attempt upwards, but the battle aint even begun yet so still waiting really. Here is a good range to watch just in this short term 'rocky and winding road', pace right now is cart horse progress :p
Thankfully it looks bullish right now and we stayed above 24k, but that doesn't change the fact that it will get a lot better and we shouldn't be happy about just the current situation, because this is very tiny compared to what we aim for bitcoin to be and it will be a lot bigger soon.
I think this rally is still part of the bear trend. Though the sentiment for this coming months may change due to the news of one of the world largest Asset Manager Blackrock launching Bitcoin Trust. This news may bring new sentiment of the market and possible a bit of hype. So I think we can see another higher low in the upcoming week. Maybe Bitcoin can break $25k resistance this month.
Bitcoin finally stays at 24k today , this is the first increase in this level for several months now and maybe in the next coming hours Bitcoin will cross that 26-26k and i voted for YES.
It has been long that price stays lowering and just this August that we can see light again.
I am longing for at least 30k this August before the BER months starts the wave.
and finally in December at least 50k will be best for me and all of us.
That's how it will be. We are going to see it do well for a while and not do that well for a while and it will eventually stay above a level and stay there eventually. Today that number is 24k, tomorrow it will be 30k, then one day it will be 50k and eventually 100k. That's how bitcoin goes, there are days when we go down, and then there are days when we go up and stay there.It has been long that price stays lowering and just this August that we can see light again.
I am longing for at least 30k this August before the BER months starts the wave.
and finally in December at least 50k will be best for me and all of us.
Thankfully it looks bullish right now and we stayed above 24k, but that doesn't change the fact that it will get a lot better and we shouldn't be happy about just the current situation, because this is very tiny compared to what we aim for bitcoin to be and it will be a lot bigger soon.
I would still call this a sideways market until we break the $25k resistance and stay above it for enough amount of time. But we can also clearly see that there is a tendency to rise which may even be interpreted as an uptrend for the past 2 months ever since June 18 when price reached the bottom.
We are setting higher lows and higher tops:
We are setting higher lows and higher tops:
~
With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now. And rightly so. I kinda am too. But here's the thing.. Do you guys think the momentum will continue enough for August and for BTC to form higher lows?
The market started rallying right after the Consumer Price Index results were announced and i was expecting the market to go the opposite direction as i did not expect the inflation to be slowing down, but that is the results and the market responded to that news and immediately started moving up, not sure whether it will sustain, will see how it goes. With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now. And rightly so. I kinda am too. But here's the thing.. Do you guys think the momentum will continue enough for August and for BTC to form higher lows?
many say Bitcoin will return to $30k at the end of August, on telegram, on Twitter social media is the same,
I don't really understand technical analysis, but if I look at it, this month is different from the previous month
I don't really understand technical analysis, but if I look at it, this month is different from the previous month
August is really very bullish in my opinion, it is very clear to see a drastic increase in the cryptocurrency market cap,
there is a possibility that the news about the CPI falling will make the market even more bullish,
yes, I myself am happy if the market is bullish, but I understand bearish season is still not over yet
there is a possibility that the news about the CPI falling will make the market even more bullish,
yes, I myself am happy if the market is bullish, but I understand bearish season is still not over yet
Bitcoin finally stays at 24k today , this is the first increase in this level for several months now and maybe in the next coming hours Bitcoin will cross that 26-26k and i voted for YES.
It has been long that price stays lowering and just this August that we can see light again.
I am longing for at least 30k this August before the BER months starts the wave.
and finally in December at least 50k will be best for me and all of us.
It has been long that price stays lowering and just this August that we can see light again.
I am longing for at least 30k this August before the BER months starts the wave.
and finally in December at least 50k will be best for me and all of us.
Just the thought of China moving against Taiwan is enough to bring great uncertainty to the markets, if China actually moved against Taiwan, something I think is likely, then the world will be upside down and all the markets will crash hard after such event.
And even more importantly will the US and the EU sanction China? Because it is a completely different ball game to sanction China than to sanction Russia, China can retaliate with incredible force, so I am not so sure there is anything which can be done to stop China from pulling this move.
And even more importantly will the US and the EU sanction China? Because it is a completely different ball game to sanction China than to sanction Russia, China can retaliate with incredible force, so I am not so sure there is anything which can be done to stop China from pulling this move.
before that happens, i believe these involved countries are also cautious with their next steps. but wondering why pelosi visited taiwan? was that her job to visit taiwan? i don't know here real business on this visit. but clearly, she just made the situation worse for taiwan. really hope that no war will happen to taiwan. who knows, china is just finding a small mistake to push thru their total invasion to taiwan?
China has been watching with a lot of attention the conflict between Russia and Ukraine to give themselves an idea of what they may expect if they did the same, and it seems to me they have calculated that the ROI of going to war against Taiwan is positive for them, and it is the reason why they seem to be so willing to take action now.
With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now. And rightly so.
It's silly to be bullish now, just as silly as being bearish a couple of days ago when price was coming down from the previous attempt to break $25k. I'm not bullish right now and rightly so. I'm not bearish either because there is a third option which is the sideways market where price neither goes up (breaking resistances) nor does it go down (breaking supports). It just goes up and down and up again until a direction is taken. My prediction is that the next direction is up and I will become bullish on that day.
With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now. And rightly so. I kinda am too. But here's the thing.. Do you guys think the momentum will continue enough for August and for BTC to form higher lows?
30%+ even nearly 40% amount of people saying no worries me about the near future. I mean I thought that we were in a bull market and I believed that we were going to 100k either this month or if not then maybe next month, because I am bullish on bitcoin but I am always bullish on bitcoin. I didn't know that we would be having such a second though about the current situation, it didn't feel like that at all.These people however has another idea, they think that we may not break above 28k and stay there and that scares me because what everyone thinks matters here. Crypto is something based entirely on what others are saying and if they are saying no, then its going to be hard to get there.
this august the movement of bitcoin is really very interesting, even though the market sentiment is very bearish,
wars and interest rates rise are the reasons why all markets are not doing well, not only crypto, stocks are also affected by this,
but for bitcoin really really confusing, currently bitcoin is still above $23k, and has the potential to go to $30k in the near future
wars and interest rates rise are the reasons why all markets are not doing well, not only crypto, stocks are also affected by this,
but for bitcoin really really confusing, currently bitcoin is still above $23k, and has the potential to go to $30k in the near future
Now a lot of people think August will be a good month for bitcoin, which we have been seeing for a week now. Bitcoin now has support at 22k and I think there should be a bounce from that level. Anyway, the beginning of the month is already good and I hope that this month will be as green as the previous one. So, it is possible that we finally have a local uptrend phase.
I think a lower low will form before the end of 2022. We will trend mainly sideways for the first half of 2023 but start to slowly rise as the halving in April 2024 nears.
I very much agree, however, I disagree on the lower low. There will not be a lower low, I reckon. I also speculate a pump to $25,000 is very much possible for this month. But September is another month and we might witness another dump under $25,000 hehehe.
$25k might be the magic number for this month or even $30k, we still have like 4 weeks to accomplished that. Otherwise, if could be that the sideway pattern will continue. As for the lower low, I'm thinking that it is possible but maybe next year. Or at least when we are about to get to the block halving, we might see a lot of FUD again that will cause to market to crash and hit another lower low, just depend on what price it will be, perhaps it could go around $13k-$15k.
I think a lower low will form before the end of 2022. We will trend mainly sideways for the first half of 2023 but start to slowly rise as the halving in April 2024 nears.
I very much agree, however, I disagree on the lower low. There will not be a lower low, I reckon. I also speculate a pump to $25,000 is very much possible for this month. But September is another month and we might witness another dump under $25,000 hehehe.
If we refer to the price chart from a few weeks ago, it appears that the current price seems to be no longer in the sideways zone. Moreover, the bitcoin price is currently in the $23k area and it seems that the next price target of $25k will be reached. However, keep in mind that although the price of bitcoin seems to be starting to increase, bitcoin is still not in a completely bullish phase.
^ On the last day of July BTC's price has shown too much increase which I think is expected that there is a correction right after the price increase.There could be there is a zigzag movement of BTC price, but it is always ended up in a high price.
This month could be there is a price resistance but at the end of the month, it could be the price will rise up to $30k at the end of the day of this month of August. So I voted YES on the poll.
If you ask this question pre-August, late July, I'd say yes. But now? Oh boy, the China-Taiwan event seems hot every day and I dont know what could await us over the horizon anymore. Can't catch a break after the Russia-Ukraine war and now this. Do you know how much maritime traffic carries goods around the globe pass thru the Taiwan Strait? And it was right next to China, the world's sweatshop too. An increase in tension around Taiwan Strait could send the whole market tumbling down on the break outlook of the potential of war or skirmish between two sides, China and Taiwan/US/Japan.
Just the thought of China moving against Taiwan is enough to bring great uncertainty to the markets, if China actually moved against Taiwan, something I think is likely, then the world will be upside down and all the markets will crash hard after such event.And even more importantly will the US and the EU sanction China? Because it is a completely different ball game to sanction China than to sanction Russia, China can retaliate with incredible force, so I am not so sure there is anything which can be done to stop China from pulling this move.
before that happens, i believe these involved countries are also cautious with their next steps. but wondering why pelosi visited taiwan? was that her job to visit taiwan? i don't know here real business on this visit. but clearly, she just made the situation worse for taiwan. really hope that no war will happen to taiwan. who knows, china is just finding a small mistake to push thru their total invasion to taiwan?
If you ask this question pre-August, late July, I'd say yes. But now? Oh boy, the China-Taiwan event seems hot every day and I dont know what could await us over the horizon anymore. Can't catch a break after the Russia-Ukraine war and now this. Do you know how much maritime traffic carries goods around the globe pass thru the Taiwan Strait? And it was right next to China, the world's sweatshop too. An increase in tension around Taiwan Strait could send the whole market tumbling down on the break outlook of the potential of war or skirmish between two sides, China and Taiwan/US/Japan.
Just the thought of China moving against Taiwan is enough to bring great uncertainty to the markets, if China actually moved against Taiwan, something I think is likely, then the world will be upside down and all the markets will crash hard after such event.And even more importantly will the US and the EU sanction China? Because it is a completely different ball game to sanction China than to sanction Russia, China can retaliate with incredible force, so I am not so sure there is anything which can be done to stop China from pulling this move.
If you ask this question pre-August, late July, I'd say yes. But now? Oh boy, the China-Taiwan event seems hot every day and I dont know what could await us over the horizon anymore. Can't catch a break after the Russia-Ukraine war and now this. Do you know how much maritime traffic carries goods around the globe pass thru the Taiwan Strait? And it was right next to China, the world's sweatshop too. An increase in tension around Taiwan Strait could send the whole market tumbling down on the bleak outlook of the potential of war or skirmish between two sides, China and Taiwan/US/Japan.
Do you guys think the momentum will continue enough for August and for BTC to form higher lows?
I think the momentum will continue for August, but this isn't when price will form a notable or relevant higher low. I still see a re-test of $30K the near future, within a month or two, and what happens at that level is another story. Either price blasts through it towards $40K-50K, similar to the 2019 dead cat bounce, or price will be rejected and then ideally form a higher low around $25K towards the end of the year. This would then satisfy the 4-year cycle
I also find it difficult to believe that Bitcoin would trade between $20K and $30K for the second half of the year, as the trading range is too narrow, hence more inclined to think a dead cat bounce to higher levels, followed by a return to $25K by the end of the year, or early next year. But given this poll is simply about August, then I simply voted for further upside now the 200 WMA is being reclaimed.
Jump to: