BTC Sentiment Poll for Feb - page 4.

doomloop

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Quote from: LogitechMouse on February 03, 2022, 08:08:05 AM

Since its confirmed that we are already in a bear market, I think that this will last for a couple of months at least so my sentiment for this month is quite bearish.

Like I've always said, I'm expecting for the market to go down even lower than $35,000 and that is my speculation. Right now, there really isn't any catalyst that will make the market go up again and right now most of the investors are in a complete fear. Well while others are feared of investing, there are some investors who are taking this opportunity to accumulate more coins which is quite good.

I might change my speculation if it goes higher and stays above $40,000 for at least weeks to months

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Aha, so changing the choices in the poll is allowed? I thought we can pick one only and once we pick there is no need to change but it is totally fine if your prediction fails because it is just a prediction anyway, no hard feelings with that

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Most investors are still on there way to hold and then buying and I believe only a few percent are scared to buy and have leaved already because they are done selling at loss but my own choice in the poll is " On its way to an all time high " because the month of January is over and it is now February. People are done spending on unwanted things and they are now planning again to save except from buying more coins because this helps them to earn a profit .

LogitechMouse

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Since its confirmed that we are already in a bear market, I think that this will last for a couple of months at least so my sentiment for this month is quite bearish.

Like I've always said, I'm expecting for the market to go down even lower than $35,000 and that is my speculation. Right now, there really isn't any catalyst that will make the market go up again and right now most of the investors are in a complete fear. Well while others are feared of investing, there are some investors who are taking this opportunity to accumulate more coins which is quite good.

I might change my speculation if it goes higher and stays above $40,000 for at least weeks to months

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justdimin

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Quote from: Fundamentals Of on February 03, 2022, 06:37:49 AM

Unfortunately, Dead cat bounce it seems to me. But I have to admit it caught me optimistic. I mean the recent bounce to more than $39,000. It was quick but it got me thinking that if the price could finally go beyond $40,000, it might finally be the perfect time of the market to move to the opposite direction. But it didn't hit $40,000. It was very temporary. It was probably just a fleeting price reaction to the purchases made by institutional dip buyers.

But for me, it seems that we are into the beginning of new bullish wave and it is struggling to break the resistance levels around $39k to $40k levels right now. Usually all round digits are too stronger on bullish market and this time for the new beginning we might need more power which is the reason we tested above $39k once and then coming down to gather more power for another leap.

The good thing right now is, we are able to hold above $36 price levels and as long as we are able to sustain above this price level, we can easily get back to $39k levels which must be the launchpad for going forward up to $45k levels in short term.

Fundamentals Of

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Unfortunately, Dead cat bounce it seems to me. But I have to admit it caught me optimistic. I mean the recent bounce to more than $39,000. It was quick but it got me thinking that if the price could finally go beyond $40,000, it might finally be the perfect time of the market to move to the opposite direction. But it didn't hit $40,000. It was very temporary. It was probably just a fleeting price reaction to the purchases made by institutional dip buyers.

arwin100

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Quote from: GeorgeJohn on February 03, 2022, 03:10:24 AM

Quote from: Doell on February 01, 2022, 12:28:58 PM

currently the price is 39K early February is good but it looks like I vote "Dead cat bounce" ,I still think it's not the current market condition to start a bullrun trend even to go to a new ATH level ,we are still bearish moment and a quick fall in January could happen on February

Maybe as from when you checked the price, but right now the price is thirty six thousand (36k) approximately thirty seven (37k), their is no assumptions to that Bitcoin might fall in February the same way it decreases in January, the way I'm seeing Bitcoin right now it will fall more and before it will retrace it will take time.

This scenario is almost replicates on what happen on year 2017-2018 where bitcoin crash after we experience the huge rally brought by the halving hype and other more so maybe the same at that year we can also experience the same scenario where bitcoin takes long time before it recovers. But there are chances that we cannot see a long bear market days as this year have different positive takes with bitcoin since we know the adoption is more deeper and I believe institutional investors will catch the drops if that happens.

John999

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Covid restrictions gradually being lifted everywhere in the world. Don't discard a possible euphoria reaction in all markets soon. Not guaranteed but within the realm of possibility.

GeorgeJohn

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Quote from: Doell on February 01, 2022, 12:28:58 PM

currently the price is 39K early February is good but it looks like I vote "Dead cat bounce" ,I still think it's not the current market condition to start a bullrun trend even to go to a new ATH level ,we are still bearish moment and a quick fall in January could happen on February

Maybe as from when you checked the price, but right now the price is thirty six thousand (36k) approximately thirty seven (37k), their is no assumptions to that Bitcoin might fall in February the same way it decreases in January, the way I'm seeing Bitcoin right now it will fall more and before it will retrace it will take time.

adaseb

legendary

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Before voting I had a feeling most would be bearish. And when people are bearish and the chart looks very bad, usually the opposite will happen.

I really want to open a short here however with the massive bearish sentiment, negative funding rate, calls on CNBC for $10K Bitcoin, I am pretty sure $33K was the low and it’ll go up from here.

bbc.reporter

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Quote from: STT on February 01, 2022, 05:31:33 PM

Feb is a positive month from what I can see so far. Its been moving nicely for many days now and doing so in a consistent way seems to indicate a reasonably strong move. I wont say new highs or a greater price target but it would seem Feb is positive as a fair prospect.
If this trend of gains breaks then perhaps be on guard but its done well so far, perhaps a large regular buyer was taking advantage I dont know the reasons just the chart reflects a continued rise :

I voted I don’t know, however, it appears to be a dead cat bounce after the most latest dump. The market is presently in full control by the market makers who might want to create another liquidity cascade.

Also, I am not quite certain if you considered that bitcoin has been dumping since the beginning of November when you drew your trendlines. It looks like this if you draw a trendline from November to February. This is clearly very bearish.

Kemarit

legendary

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Same here, voted for the dead cat's bounce. We are still in the bearish market, although the price didn't go below $30,000, I have a feeling that we might go on that levels if we have like another FUD coming.

I agree that we have somewhat bounce to $38,000-$39,000, but still look at how $40,000 is so big that we can't get over it. So for this month, we may seen some fluctuations and might dip below $30,000, in my opinion.

Wexnident

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Dead cat bounce. As much as I want to say with how Bitcoin is going to bounce back, it doesn't look like it's going to happen, at least until after a few more months. We're still going to go through that period of decline though, I reckon it wouldn't be odd for the entire year to be on the decline, but I don't think it's going to go down by that much. Probably just a steady slow decline before bouncing back. Still a lot could change, we're only on the 2nd month of the year after all.

traderethereum

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Quote from: aruldaroy on February 01, 2022, 07:36:12 PM

Quote from: Kasabus on February 01, 2022, 08:18:27 AM

I'm thinking that the market is already bearish, so it will not easily recover.

My vote on the poll is "Dead cat bounce", simply because I think the pump is not gonna make bitcoin rise again to $40k, it's just a trap IMO and I think we will struggle at $30k and bitcoin might fall down again. I'm bearish at the moment, in short.

Even though the bitcoin market is not easy to recover but being at $30k is not possible because I see the bitcoin price today is still around 38,799.13USDT even today there is an increase of +368.99 (0.96%) and I think our lowest point is struggling at $35k maybe or $36k.

It is still possible, especially if a flash dump happens and can make traders panic and sell their bitcoin fast to buy back at a low price.
If the price can break $39k, it could have another time to increase still and this month could be a time to recover.
The price itself needs to hold at $35k-$37k and need more support so it does not go below that price.
Hopefully, this month can be a good time for bitcoin to increase.
I am still confused about the bitcoin price because I think the price is now trying to consolidate before something happens and hopefully, that will only increase.

aruldaroy

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Quote from: Kasabus on February 01, 2022, 08:18:27 AM

I'm thinking that the market is already bearish, so it will not easily recover.

My vote on the poll is "Dead cat bounce", simply because I think the pump is not gonna make bitcoin rise again to $40k, it's just a trap IMO and I think we will struggle at $30k and bitcoin might fall down again. I'm bearish at the moment, in short.

Even though the bitcoin market is not easy to recover but being at $30k is not possible because I see the bitcoin price today is still around 38,799.13USDT even today there is an increase of +368.99 (0.96%) and I think our lowest point is struggling at $35k maybe or $36k.

aoluain

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Quote from: Lucius on February 01, 2022, 10:58:13 AM

If you ask only for the month of February, then it is very difficult to answer one such question given that we are in a very difficult time when the world is facing very high inflation that scares people to such an extent that they are afraid to spend and save more, which certainly also affects Bitcoin. There are a lot of unknowns in the air, so in the short term, we can expect a very turbulent period that will surely be used by those who can hardly wait for such periods in which the price of Bitcoin on a weekly basis changes 5% in both directions.

Given the options, I am voting for a dead cat bounce🐱

I agree with Lucius, there are too many uncertainties which could affect
the market, Inflation, the whole Russia/Ukraine/NATO thing and the U.S
inflation increase and effects of the stock markets and the link to the Bitcoin
markets. There is a general consensus that we are in or entering a bear market
so thats probably whats going to happen but I voted for "Dont Know"

STT

legendary

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Feb is a positive month from what I can see so far. Its been moving nicely for many days now and doing so in a consistent way seems to indicate a reasonably strong move. I wont say new highs or a greater price target but it would seem Feb is positive as a fair prospect.
If this trend of gains breaks then perhaps be on guard but its done well so far, perhaps a large regular buyer was taking advantage I dont know the reasons just the chart reflects a continued rise :

hatshepsut93

legendary

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I'm hoping that Bitcoin will stabilize in 33-42k range and will stay within it for the entirety of 2022 and will start slowly rising in the late 2023, preparing for the 2024 halvening. This would make the most sense in the context of bull-bear cycles tied to halvenings.

So, my answer is "dead cat bounce", but I have hopes that $30k will be defended in this bear market.

Husires

legendary

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Technical charts are a reflection of the market but they are not accurate as many of them break easily if there is a reason for the price to go down.

The content in the section depends on the nature and direction of the market.

If it is bullish, you will find excessive optimism (when the price will break 50 thousand dollars, 70 thousand, 100 thousand, 240 thousand)
the opposite if the price drops (we will return to the price of 20 thousand, 30 thousand) and others.

Forum members failed to predict unstudied fluctuations such as

what happened in March 2020
November/December 2017
February/April 2021

took the discussions on the wall if you want to hear more detached comments about the price (posts there are not paid and therefore members are not obliged to participate)

el kaka22

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Dead cat bounce got a bit more vote for the time being. However, I believe that we are not dropping too much further down, it looks like people are sick and tired of the past few months and the sellers who dropped the price are all looking like they are out of the way. Obviously we can't know exactly what is going to happen, it could increase in price or it could decrease in price and we can't really know what is going to happen but I just feel like if the sell pressure stops then the price should be going very high.

This period right now is a period where we could end up with a good decent return in the short term, obviously that will not be something that is quick and easy but it "may" happen and by the looks if it then I would say that ATH is a bigger possibility in the next 6 months then seeing under 30k, but that is just my own guessing, I could be wrong too.

Doell

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currently the price is 39K early February is good but it looks like I vote "Dead cat bounce" ,I still think it's not the current market condition to start a bullrun trend even to go to a new ATH level ,we are still bearish moment and a quick fall in January could happen on February

Lucius

legendary

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If you ask only for the month of February, then it is very difficult to answer one such question given that we are in a very difficult time when the world is facing very high inflation that scares people to such an extent that they are afraid to spend and save more, which certainly also affects Bitcoin. There are a lot of unknowns in the air, so in the short term, we can expect a very turbulent period that will surely be used by those who can hardly wait for such periods in which the price of Bitcoin on a weekly basis changes 5% in both directions.

Given the options, I am voting for a dead cat bounce🐱

Topic: BTC Sentiment Poll for Feb - page 4. (Read 682 times)