BTC Sentiment Poll for May - page 2.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: tokeweed on May 08, 2022, 04:12:13 PM

Here's the monthly chart. It's pretty clear that it is not looking good rn but then again we've seen these spots with BTC before a lot of times when it all looks bad til it's not. You guys think the bulls will come back at least for this month and get the price to go above at least 40k again or are we in bear territory? I see some people in these parts saying we're not in a bear market yet. But dunno.. would like to hear from them again.

Probably we will stay this low even in the coming month as 2nd quarter mostly the dumping season and this has been listed for years.
But what we wanted to know is how hard this can fall and how hard we can wait.
Maybe for the next couple of quarter? But i do believe that 4th quarter will bring significant and will make many of us worth of waiting .

pooya87

legendary

Activity: 3472

Merit: 10611

In May? Most probably not because even if the market manipulation stopped right now and price didn't drop more, it would still take a long time for the same weak hands who have been panic selling to regain confidence and stop panic selling* and for price to go above $40k.

For now we are going to continue seeing the struggle specially as the weak Western economy slowly falls apart.

* The problem with panic sell is that even if it is no longer happening, it could resume when price goes a little higher because some newbies are waiting for a little rise to panic sell so for example if price were to recover from $35k to $38k these newbies would start their panic sell and prevent the momentum from shaping which is why I think it takes longer than that for their effects to go away.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

I voted again no idea similar to last month's sentiment poll. I want to agree with @adaseb where statistics implies that the next weekly candle will be a green candle, however, where the world presently is, we cannot be certain anymore. China might invade Taiwan, UST might depeg, Elon might dump or Saylor might be liquidated.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

I voted No.

Obviously, the price is going down hard in the last couple of weeks, although at the end of April we see some good movement and we thought that May will be a good month. Unfortunately, it's worst that we though. And with that said, this month might be the start of the bearish cycle, I mean the price is fluctuating, bouncing back to almost $50k. But this month is very different, we might see the price hovering around <$32k or even lower than that at the end of the month.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: tokeweed on May 08, 2022, 04:12:13 PM

You guys think the bulls will come back at least for this month and get the price to go above at least 40k again or are we in bear territory?

High probability of not seeing any bulls this month. This is indeed bears' territory. Bitcoin continues dropping sharply right now towards 32,000$ price range like we haven't seen since the beginning of the last bull run which took bitcoin to its ATH (middle of 2021). This is a dangerous zone to enter which can take investors' confidence away for now. Panic selling is also possible at this point.

I suggest everyone to not rely on their crypto investments from now on for anything they are going to need soon.

adaseb

legendary

Activity: 3808

Merit: 1723

We had basically 6 weekly bearish candles in a row, this only happened twice in bitcoins history. Most likely this week will end bullish. However anything is possible.

We are approaching the yearly low, most likely we will get some bounce out of this level, perhaps close the week bull however the global sentiment is very bad right now and who knows what will actually take place.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

The price still seems kinda high to me (like we should still be considering ourselves to be in a bull market). We've been around this area for quite a while and I don't think much has changed. I didn't expect up to reach 40k the last time we did and if we keep ranging between about 30k-40k (+/- a few k) then I think the price is pretty stable and strong.

We didn't have a blow off top this time either, we had a top that was reached twice and exceeded the second time. We have economic uncertainty to compete with this time too (2 years ago at the start of the pandemic, we crashed down to $3k)...

I think this is more a case of waiting for a strong break in either direction and either waiting for that to enter or just holding tight with what you have.

palle11

sr. member

Activity: 2366

Merit: 332

At $34,250 price still looking bear and the candle dropping and continuing bear. A spike is what may turn this up back but since last week it has been dropping consistently from $38,000. I can't say what is responsible for this drop but I believe it is looking to drop more in days to come until it gets to a level when strong hands will come up because of buying cheap.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Here's the monthly chart. It's pretty clear that it is not looking good rn but then again we've seen these spots with BTC before a lot of times when it all looks bad til it's not. You guys think the bulls will come back at least for this month and get the price to go above at least 40k again or are we in bear territory? I see some people in these parts saying we're not in a bear market yet. But dunno.. would like to hear from them again.

Topic: BTC Sentiment Poll for May - page 2. (Read 229 times)