BTC Sentiment Poll for July - page 2.

Baofeng

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Quote from: STT on July 09, 2022, 05:25:19 PM

A 2nd retest under 20k is at least 50% likely I think. If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar. Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

Or more likely a retest to the previous all time low of $17,500 will be met in the following months. I'm not sure but is there a FED rate announcement this month? If there is then definitely, this kind of scenario (testing all time high), is likely going to happen.

We've seen one government already being affected by the war and the oil price and the pandemic that it can't sustain, and they declared bankruptcy and the government falling, and that is Sri Lanka.

RealMalatesta

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Quote from: tokeweed on July 07, 2022, 01:56:07 PM

The poll is pretty close... 11 votes for yes and 14 votes for no. But with the whole market getting some action on the buy side, I think people will start forgetting that we're still in a bear market. But this bounce is good for a small, quick trade to make a little something something for sports betting. Lol.

This is what I think... After the bounce, BTC goes break down below 20k again and touches 13k - 14k range. That's the part we wake up and start buying!

I agree that it looks quite close to each other, but there has always been some people who were going with the flow of bitcoin at all times. Some people who see it go from 20k to 30k think it will go to 40k, but see it go from 30k to 20k think it will be 10k. They do not really comprehend the "it will eventually stop" mindset, which is weird because by that logic it would be either one million dollars or zero.

In the end, we are going to see the price stop going down, and we probably saw it already, it is doing alright right now. If we believe that and continue like that, we should be fine, there shouldn't be any problems at all. That is at least how I see it going.

tokeweed

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Quote from: STT on July 09, 2022, 05:25:19 PM

A 2nd retest under 20k is at least 50% likely I think. If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar. Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

You've been watching these markets for as long as I am to say that's not usually the case. Here's what happened in the past. We get dead cat bounces and then sideways action... Everybody starts thinking it's finally the 'bottom' then out of nowhere a quick sell down lower, hitting the bottom for a slooow recovery up. But by then a lot of peeps have run out of money or have given up at the most crucial moment.

fzkto

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Quote from: STT on July 09, 2022, 05:25:19 PM

A 2nd retest under 20k is at least 50% likely I think. If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar. Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

Therefore, a test of the upper limit of the channel might tell us that a break-up might occur. To be honest I believe this more than Bitcoin will soon fall back to the level of the previous bottom. There has been a lot less negative news on the market so far, which might be a good thing.

Ryker1

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Quote from: STT on July 09, 2022, 05:25:19 PM

A 2nd retest under 20k is at least 50% likely I think. If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar. Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

Well perhaps we must be careful of this recent minor increase in the price, it could be a reason to trigger pull out the price but perhaps I am wrong but it is not time to celebrate showing the market green. The month of July is something interesting to watch because if it will resist, there could be a bull run but if it will field, for sure there will be another correction will occur. However, we should watch the market closely so that we will know this month of JULY.

STT

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A 2nd retest under 20k is at least 50% likely I think. If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar. Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

cryptomaniac_xxx

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Quote from: tokeweed on July 08, 2022, 01:11:43 PM

Quote from: cryptomaniac_xxx on July 08, 2022, 06:57:10 AM

Can we reach $22k then?

It seems that sentiment is very positive, but in the recent months, that's how we start. Couple of increase in the first and second week and then goes down hard again at the start of the third and then the fourth week.

So this might be the trend again, and we might go back to $19k at the end of the month.

We can tbh. Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho. But we'll see. Crypto has been very sensitive to any kind of bad news lately. You know... The bear market of things. Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week. Cheesy

That's when the market is easy to trade. The one we're having rn should mostly be avoided. Then again, I could be wrong. 17.5k could be the bottom. But as I always say, we'll see... Nobody can really predict these things.

Oh ok, I haven't make any chart yet because of the volatility so I stop for this month. So maybe in short term or at least for this month, it will be good to see $22k (currently at $21,719.21 per cmc).

And I agree, the market is very sensitive that we will react to any bad news, specially like the Fed rate hike and then the war in the background. Everyone is affected, even the traditional stocks has also impacted with this news. Hopefully that $17.5 will be our bottom, no more bloodbath or at least we have seen it this year.

GeorgeJohn

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Quote from: CapGelatik on July 03, 2022, 10:22:26 AM

I'm not really looking forward to Bitcoin under $19k anymore, because I'm 100% sure the Bottom is there,
from my experience, the more people want cheap prices, then it won't happen, we'll see.

the want of people in cryptocurrency doesn't determine the regulations of cryptocurrency. The regulations is dependable directly or strictly to the market determination structure. What actually you can see bitcoin at before you can believe that it has gotten to the bottom is what? At any moment Bitcoin is stagnant it's the bottom of bitcoin and even other cryptocurrencies at a moment, because expecting bitcoin downgrade more than this way, it's quiet unexpectedly. While it's having a positive situation and report currently, it's because people or investors are returning to the market gradually.

Wilhelm

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Quote from: fullhdpixel on July 09, 2022, 02:29:01 PM

Quote from: tokeweed on July 08, 2022, 01:11:43 PM

Quote from: cryptomaniac_xxx on July 08, 2022, 06:57:10 AM

Can we reach $22k then?

It seems that sentiment is very positive, but in the recent months, that's how we start. Couple of increase in the first and second week and then goes down hard again at the start of the third and then the fourth week.

So this might be the trend again, and we might go back to $19k at the end of the month.

We can tbh. Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho. But we'll see. Crypto has been very sensitive to any kind of bad news lately. You know... The bear market of things. Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week. Cheesy

That's when the market is easy to trade. The one we're having rn should mostly be avoided. Then again, I could be wrong. 17.5k could be the bottom. But as I always say, we'll see... Nobody can really predict these things.

28k all at one move could be a bit of a difficulty. I am not saying that it won't happen, all I am saying is that it doesn't seem easy to do, it should take a while before it could do that. I am guessing that the best thing to do right now would be wait and see, and hope that it goes up at a reasonable level, instead of a very high one.

I understand why people expect 28k right away, but we should learn to be happy with 24k if we reach there as well. Doesn't mean that it's a bad decision, it just means that we are doing fine and if we end up somehow at 28k then we would be happy about that even more. That's how I am trying to approach it at least.

Bitcoin will indeed go up but it's going to annoy all the greedy bastards and get them to rage quit first Cool

fullhdpixel

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Quote from: tokeweed on July 08, 2022, 01:11:43 PM

Quote from: cryptomaniac_xxx on July 08, 2022, 06:57:10 AM

Can we reach $22k then?

It seems that sentiment is very positive, but in the recent months, that's how we start. Couple of increase in the first and second week and then goes down hard again at the start of the third and then the fourth week.

So this might be the trend again, and we might go back to $19k at the end of the month.

We can tbh. Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho. But we'll see. Crypto has been very sensitive to any kind of bad news lately. You know... The bear market of things. Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week. Cheesy

That's when the market is easy to trade. The one we're having rn should mostly be avoided. Then again, I could be wrong. 17.5k could be the bottom. But as I always say, we'll see... Nobody can really predict these things.

28k all at one move could be a bit of a difficulty. I am not saying that it won't happen, all I am saying is that it doesn't seem easy to do, it should take a while before it could do that. I am guessing that the best thing to do right now would be wait and see, and hope that it goes up at a reasonable level, instead of a very high one.

I understand why people expect 28k right away, but we should learn to be happy with 24k if we reach there as well. Doesn't mean that it's a bad decision, it just means that we are doing fine and if we end up somehow at 28k then we would be happy about that even more. That's how I am trying to approach it at least.

boltz

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I still do believe that Bitcoin will fall under 20k during this summer and most likely will fall under 15k during the winter and beginning of 2023. If this scenario will happen , Bitcoin should start to drop in price by the end of July and start of August as previous bear markets were kinda the same during 2018-2019 and 2015-2016. The charts also indicate that we didn't hit the bottom but we all know it's super hard to predict the bottom but you can anticipate some margins.

Of course there is always the opposite scenario when BTC could go over 23k this July and if that happens , there is a pretty good chance to continue to climb until 29k range when it will meet a strong resistance.

tokeweed

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Quote from: CryptKeeper on July 09, 2022, 01:02:58 AM

Quote from: adaseb on July 02, 2022, 10:28:47 PM

I am pretty sure we will go sideways for most of July. Even the stock market is looking pretty boring right now. Very little volatility.

Most people are enjoying the summer and not in front of a computer trading. I think September is when the real fun will start with stocks and crypto.

Exactly! July and August will be boring with little volatility. Stocks will be rising again probably in September and will drag crypto with them. The tide lifts all boats!

Are you following the market tho? It's really not boring rn esp altcoins. And from a TA perspective it looks like the bottom is in but from a macro perspective everything looks like it's all going to shit sooner or later. So I guess go long with the bounce and see where it takes us. I'm looking at 28k to be the resistance for this run. Dunno.. I could be wrong.

Baofeng

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Quote from: Don Pedro Dinero on July 09, 2022, 12:19:40 AM

Quote from: tokeweed on July 08, 2022, 01:11:43 PM

We can tbh. Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho. But we'll see. Crypto has been very sensitive to any kind of bad news lately. You know... The bear market of things. Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week. Cheesy

That's when the market is easy to trade. The one we're having rn should mostly be avoided. Then again, I could be wrong. 17.5k could be the bottom. But as I always say, we'll see... Nobody can really predict these things.

I would like to think that the worst is over and that for the rest of the month we will be in the range of 22,000 to 28,000 USD. As you say nobody predicts these things but it looks like we are not going to go below USD 20,000 again, which is a very cheap price for the cycle we are in, and in the future people will look back and think: 'I wish I had bought at 20,000'.

Not sure though if the worst is over, we still have the last quarter for this year, although historically last quarter specially the month of November-December might be good even in bear market, but we are still not out of the woods yet. There could be some announcement from Fed that might affect the price this July or the next coming months. But if you are talking $22k this month, yeah it could be achieved easily as we are almost on that price range already.

Dart18

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I voted no although I want it to be as cheap as it could get. Something tells me it should not. I don't know, maybe instincts.
Maybe I am afraid that the number of FUD will increase. (although its already high now) If that happens, we don't know if it could go deeper because of the market reacting to FUD and investors in panic.
Let it stay playing at 19-22k and I wish that is the bottom for this year. If economy gets better next year then good times will come.

Wilhelm

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Quote from: Oasisman on July 09, 2022, 01:12:28 AM

I think majority is looking forward for Bitcoin's another dip, and a lot of people are actually waiting for the to happen, especially when it falls to $15k or below. However a lot of people thinks $19k would be the bottom judging on how the Btc price were moving lately.
So, there might only be a slight chance for that to happen at least at this current month. Btc recovers to $22k and now it's trading at $21k.

Every bear cycle leaves a lot of bag holders behind, that will be waiting on the pad watching the rocket leave the atmosphere...

Oasisman

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I think majority is looking forward for Bitcoin's another dip, and a lot of people are actually waiting for the to happen, especially when it falls to $15k or below. However a lot of people thinks $19k would be the bottom judging on how the Btc price were moving lately.
So, there might only be a slight chance for that to happen at least at this current month. Btc recovers to $22k and now it's trading at $21k.

CryptKeeper

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Quote from: adaseb on July 02, 2022, 10:28:47 PM

I am pretty sure we will go sideways for most of July. Even the stock market is looking pretty boring right now. Very little volatility.

Most people are enjoying the summer and not in front of a computer trading. I think September is when the real fun will start with stocks and crypto.

Exactly! July and August will be boring with little volatility. Stocks will be rising again probably in September and will drag crypto with them. The tide lifts all boats!

Don Pedro Dinero

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Quote from: tokeweed on July 08, 2022, 01:11:43 PM

We can tbh. Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho. But we'll see. Crypto has been very sensitive to any kind of bad news lately. You know... The bear market of things. Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week. Cheesy

That's when the market is easy to trade. The one we're having rn should mostly be avoided. Then again, I could be wrong. 17.5k could be the bottom. But as I always say, we'll see... Nobody can really predict these things.

I would like to think that the worst is over and that for the rest of the month we will be in the range of 22,000 to 28,000 USD. As you say nobody predicts these things but it looks like we are not going to go below USD 20,000 again, which is a very cheap price for the cycle we are in, and in the future people will look back and think: 'I wish I had bought at 20,000'.

tokeweed

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Quote from: cryptomaniac_xxx on July 08, 2022, 06:57:10 AM

Can we reach $22k then?

It seems that sentiment is very positive, but in the recent months, that's how we start. Couple of increase in the first and second week and then goes down hard again at the start of the third and then the fourth week.

So this might be the trend again, and we might go back to $19k at the end of the month.

We can tbh. Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho. But we'll see. Crypto has been very sensitive to any kind of bad news lately. You know... The bear market of things. Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week. Cheesy

That's when the market is easy to trade. The one we're having rn should mostly be avoided. Then again, I could be wrong. 17.5k could be the bottom. But as I always say, we'll see... Nobody can really predict these things.

dragonvslinux

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Quote from: cryptomaniac_xxx on July 08, 2022, 06:57:10 AM

Can we reach $22k then?

We just tested $22.5K, so I'd say so. Predictably rejected by the 200 WMA. I can imagine buyers last month and getting out of losing positions for now, in order to reassess.

Quote from: cryptomaniac_xxx on July 08, 2022, 06:57:10 AM

So this might be the trend again, and we might go back to $19k at the end of the month.

This I don't doubt for a second. Price could still consolidate for months to come in the $20K to $25K range, in order for the Weekly RSI to leave oversold conditions and trend higher.

Topic: BTC Sentiment Poll for July - page 2. (Read 568 times)