BTC Sentiment Poll for August - page 4.

taufik123

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Quote from: Poker Player on August 01, 2023, 11:30:04 PM

Interesting table. As I see it, the cycle-wise years that would correspond to this 2023 are negative return in August. So it happened in 2019, 2015 and 2011. Although history need not repeat itself, this makes me more pessimistic than I would have been at first, before seeing the table. And September has not historically been very good in this respect either. Hopefully the statistic will be broken this year.

That's just a statistic and the repetition of the same market will not always happen.
That's just as a reference that in the same month the market experienced several declines and increases.

September seems to be quite a scary month because for 6 years there has always been a long decline, of course we have to be prepared for it.
Make sure your reserve funds are enough to buy below.

But if things go the other way and not like last year's chart, then this will be a significant change for the crypto market.
We all hope for the best, ups and downs are the nature of crypto.

sana54210

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Quote from: Poker Player on August 01, 2023, 11:30:04 PM

As I see it, the cycle-wise years that would correspond to this 2023 are negative return in August. So it happened in 2019, 2015 and 2011. Although history need not repeat itself, this makes me more pessimistic than I would have been at first, before seeing the table. And September has not historically been very good in this respect either. Hopefully the statistic will be broken this year.

The return for 2015 was around 48% and the same at 2019 was around 91% for example, which means that the direction was same but the amount was super different. If we look at just August we can see that one of them was 19% down and the other was less than 5% down.

So, we could easily say that direction may or may not be the same but that should be not an important difference. I think August could be a down month, but I am not expecting it to be too much down. I think somewhere around 27k levels would be realistic. It could also be an up one and make a difference, it could be different, but the reality is that I think the next two months will not be amazing for us. However, I think we will slowly start to go up after that and keep going up for a very long time, like for 2 years in a row.

Odohu

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It is a no for me because Bitcoin have taken enough liquidity around $24,700 region. What we are seeing is a build-up of momentum to test the $36k region. A little fundamental now is enough to propel this move.

Anyone expecting BTC to drop to $24k again might either miss the coming bull runs or enter at a very high price.

uswa56

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Quote from: Questat on August 02, 2023, 08:40:55 AM

Yes, we ended last month not pretty good but it was still a good price for me. But talking and predicting what will happen this month of August, I was positive that it never goes back down below $28k instead, I was optimistic to see it moving $30k plus. Why? I believe the demand increases before halving and that is what I expect in a few days from now. I'd see more support coming from new investors. Of course, I don't think it go straight but certainly, we still witness the up and down of market prices.

Yes it is very possible and I also see movement from the beginning of the year and I think it is still quite positive despite what happened from August last year but I am optimistic that Bitcoin price will remain around 30k in this August and it is very likely that will increase (albeit slowly and slightly)
I think so after seeing and feeling what has happened throughout this year, many of us have seen a positive trend and most likely it will continue.

eightdots

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Quote from: Oshosondy on August 01, 2023, 08:10:05 AM

Just like what we have predicted on this thread is happening: https://bitcointalksearch.org/topic/m.62567787

I still remain bearish. But anything can happen, this is just a prediction. If bitcoin price plummet, $25000/$26000 would be a strong support.

If Bitcoin drops to these prices, I think the expectation will be met and then it will rise. Otherwise, it gets stuck in the current price range. In order to rise, you must first fall. 25-26k is a good level for Bitcoin price.

I voted yes. The market has a bearish expectation and the price won't get where it wants to go without it. If such a decline occurs, we may see a better price increase in the next rise.

I think the market should not rush. We are only in August. I think the price will drop a little more this month and then rise in the following months. The reason for this is that the expectation of 25 thousand is widely spoken in the market.

Questat

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Yes, we ended last month not pretty good but it was still a good price for me. But talking and predicting what will happen this month of August, I was positive that it never goes back down below $28k instead, I was optimistic to see it moving $30k plus. Why? I believe the demand increases before halving and that is what I expect in a few days from now. I'd see more support coming from new investors. Of course, I don't think it go straight but certainly, we still witness the up and down of market prices.

tokeweed

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Quote from: taufik123 on August 01, 2023, 06:01:51 PM

Quote from: Falconer on August 01, 2023, 04:49:37 PM

-snip-
I chose "no", that's because I think new investors will take advantage of this momentum to invest. Some long time investors will also accumulate, but I don't expect bullishness to happen in August.

The month of August - September last year became a monthly decline in bitcoin, if this cycle continues to work then the beginning of August will be the beginning of the decline until September.

We can see now that Bitcoin is still holding in the $29k price area and it is difficult to break $30k.
If this continues and the support is not strong enough, we will see one more drop.

We need to be prepared for anything that happens, and prepare a reserve of money to buy back in.

Take a look at this Bitcoin Monthly Return 2023 Table, all the downs and ups each month have been recorded and it's just a matter of seeing what the market conditions are.

Source: https://bitcoinmonthlyreturn.com/

Yup I based July's sentiment poll on something like that table. But it didn't work out well because July was expected to be a green month. Lol. I think the voters were primed to be more bullish because of it too.

But yeah... Maybe August will end up being a good month since July went down and had a bit of a break after having a good month the month before. Dunno... As usual, stay safe out there guys.

hyudien

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The Bitcoin cycle never changes, it is always the same and if we look at the Bitcoin chart from the beginning to today based on this picture, there are clearly 3 notes that we need to pay attention to:
1. Green Arrow = Up
2. Red Arrow = Down
3. Blue arrow = Sideways

This is just based on my simple understanding, don't swallow it whole. You can conclude the answer yourself and look again at the pictures and arrow symbols that I have made. Determining investment or trading is the responsibility of each and for Bitcoin I still believe in the cycle.

Yaunfitda

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I voted for No. So for me we have a good chance by this August to go back to $30k'ish again and maybe hit $31k or higher. The biggest support for now should be $30k and the bulls are going to defend it this month.

We went $28k if I'm not mistaken, but with some good news, we are back to $29k++ again so it's a good sign that at the start of the month, we have seen some rally that might see the price to go on the upward of $30k, in my opinion.

aylabadia05

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Quote from: tokeweed on August 01, 2023, 07:42:06 AM

July didn't end well but it wasn't as bad as how it feels. It's just down a tad over 4% for the month. I'd say that's not bad and could still be considered somewhat sideways even tho it was a red month. Yeah... And with momentum going down a bit, time for a new sentiment poll for this month.

As always here's the monthly chart and how July ended. Not what I expected but it is what it is. Stay safe out there guys.

https://i.postimg.cc/mkkWPbxs/9-EFF4-AB3-0-AAD-43-B6-8340-ECE31-B3-A4-A3-F.jpg

Starting with an open price of $29.2k, I still have the view that the Bitcoin price in August will not experience a further correction. $29k is still a good support price for the chart journey this month. If on the way there is a correction, then my estimate will not be too deep. This means that I do not dismiss the analysis that there will be no further decline, but if there is a decline, it will not reach a price level below $22k, even though there is an analysis that August to September will be months of falling prices.

Oshosondy

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Quote from: robelneo on August 01, 2023, 06:48:45 PM

This July I'm surprised that it didn't break the $30k I predicted strong support going in the $30k level and staying there, but if there's another drop I welcome it and go for it this could be the last drop for this year then it will take off, provided there's no more bad news that could harm the market, there's a lot of surprises this year heading to the halving year, but I'm very positive that another all-time high is coming and we should prepare for it.

Bitcoin increased above $30000 several times in July. That means it breaks the $30000 resistance but it was unable to increase much above $30000 as the resistant price was $31800.

You need to know that bad news that can decrease the price of bitcoin can come at anytime unexpectedly. Also good news that can increase the price of bitcoin can come at anytime. People may not be expecting it at all. Saying there is no bad news that can further reduce the price of bitcoin is not accurate at all.

Poker Player

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Quote from: taufik123 on August 01, 2023, 06:01:51 PM

Take a look at this Bitcoin Monthly Return 2023 Table, all the downs and ups each month have been recorded and it's just a matter of seeing what the market conditions are.

Source: https://bitcoinmonthlyreturn.com/

Interesting table. As I see it, the cycle-wise years that would correspond to this 2023 are negative return in August. So it happened in 2019, 2015 and 2011. Although history need not repeat itself, this makes me more pessimistic than I would have been at first, before seeing the table. And September has not historically been very good in this respect either. Hopefully the statistic will be broken this year.

michellee

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It's still early in the month so it's difficult to predict where the Bitcoin price will go. But whatever happens, we have to be prepared and if it is a downturn, we can use the moment to buy more Bitcoins. I don't think about where the Bitcoin price is going because I'm still thinking about how to collect more Bitcoin in times like now.

Bitcoin wants to go back up or even down, it's not a problem for me. The important thing is I can still buy more Bitcoin. And now, the price has returned to the $29k level and hopefully, this month, the price can reach the $30k level or even increase to $35k-$37k immediately. That is the hope of many and people are eager to see the price increase again.

Congratulations to those who managed to enter at $28k yesterday because now they can take advantage of it. Or they can wait until the price goes higher to take their profits.

YUriy1991

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Quote from: Dr.Bitcoin_Strange on August 01, 2023, 04:35:54 PM

I think Bitcoin's price didn't really do that bad last month; although I thought it could do better and get at least up to $34k, it never did, and I still don't think that in this month, it's going to show some bullish movement; the market might keep the range of $27k–$32k. I am not really so bullish about the market this month, but never say never; volatility never ceases to surprise us.

Yeah, It seems that market sentiment has not gone up much this month as you stated above. The reason is, if we look at the Bitcoin Fear and Greed Index, it has returned to “greed” status with a score of 51 today Wednesday (2/8). The score briefly dropped to as low as 41 in mid-June, when the SEC launched several lawsuits against high-profile crypto companies. At least, the Fear and Greed Index also helps gauge crypto market movements and market sentiment, which is useful for crypto investors who may just be sitting idly by and wondering- ask what to do. will happen next.

robelneo

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Quote from: taufik123 on August 01, 2023, 06:01:51 PM

We can see now that Bitcoin is still holding in the $29k price area and it is difficult to break $30k.
If this continues and the support is not strong enough, we will see one more drop.

We need to be prepared for anything that happens, and prepare a reserve of money to buy back in.

This July I'm surprised that it didn't break the $30k I predicted strong support going in the $30k level and staying there, but if there's another drop I welcome it and go for it this could be the last drop for this year then it will take off, provided there's no more bad news that could harm the market, there's a lot of surprises this year heading to the halving year, but I'm very positive that another all-time high is coming and we should prepare for it.
Of course, this is not a piece of financial advice but my views and I could be wrong, I always tell this to all my friends who I urge to invest.

taufik123

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Quote from: Falconer on August 01, 2023, 04:49:37 PM

-snip-
I chose "no", that's because I think new investors will take advantage of this momentum to invest. Some long time investors will also accumulate, but I don't expect bullishness to happen in August.

The month of August - September last year became a monthly decline in bitcoin, if this cycle continues to work then the beginning of August will be the beginning of the decline until September.

We can see now that Bitcoin is still holding in the $29k price area and it is difficult to break $30k.
If this continues and the support is not strong enough, we will see one more drop.

We need to be prepared for anything that happens, and prepare a reserve of money to buy back in.

Take a look at this Bitcoin Monthly Return 2023 Table, all the downs and ups each month have been recorded and it's just a matter of seeing what the market conditions are.

Source: https://bitcoinmonthlyreturn.com/

Wexnident

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I'm on the no side, but even if it actually did fall down, I believe the market support would gradually be stronger, maybe even stop at $25k completely before starting to go back up slowly again. It wasn't that odd in the first place for it to start going down, it took a little over 3 days for it to go up from $25k to $30k after all, which is rather fast imo, compared to the expected steady but gradual increase in movement expectations I had before. Well in general it isn't a big change, nothing we hadn't experienced in the past month or so really.

Aanuoluwatofunmi

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stead.builders

Quote from: tokeweed on August 01, 2023, 07:42:06 AM

July didn't end well but it wasn't as bad as how it feels. It's just down a tad over 4% for the month. I'd say that's not bad and could still be considered somewhat sideways even tho it was a red month. Yeah... And with momentum going down a bit, time for a new sentiment poll for this month.

As always here's the monthly chart and how July ended. Not what I expected but it is what it is. Stay safe out there guys.

I think we should expect more of bull than bear in this month of August even though it may appear to be very volatile but there's going to be more of the bull market than being anticipated for the bear to come, maybe this could also tip up the edge a little bit more over $31,000 if the resistance is overcome with this present market conditions, a little ore clearer we can see from the data to read from the weekly candles if well speculated, there may be more features to come out with.

STT

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It we arent to hold the current area or above, recover quickly the good momentum we had previous then it would seem likely we do visit the mid 20's at least. Seems like we have to confirm all the lower prices of the last few months, just when it seemed we had them in the past.
Price is below the weekly average for some time now, we lost the 50 day and so on. The only thing thats big and matters is that the moving averages are still with inertia upwards which in theory means there are positives out there then turn this price around however its either sideways or down lately.

Overall I think we confirm the pricing then we move, its drifiting its slow so any idea of conclusion and resolving negatives is distant for now.

TimeTeller

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Quote from: Falconer on August 01, 2023, 04:49:37 PM

I wouldn't discount the potential for a deeper correction, but I don't think there's anything wrong about otherwise. I expect a sideway between $29k - $31k, but if a correction occurs then I don't expect bitcoin price to drop any lower than $26k.

I chose "no", that's because I think new investors will take advantage of this momentum to invest. Some long time investors will also accumulate, but I don't expect bullishness to happen in August.

Those who are waiting for this drop, definitely, will buy more as they are the believers of this market potential.
A lot of people are saying that they will buy btc when it drops to 30k, so let's see if they will do such buying spree.
And whatever sentiments we have, we are all just speculators. So whatever you feel will be the next movement in the market, better prepare for yourself.
It is your money at stake if you decide to invest on this market, so it is up to you how you will safeguard such investments.

Topic: BTC Sentiment Poll for August - page 4. (Read 603 times)