BTC Sentiment Poll for May - page 4.

tiCeR

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Quote from: tokeweed on May 10, 2023, 10:00:19 AM

Mmm... I don't think so. It took a lot of volume to break above 25k and it could take more than the usual volume to break down below. Dunno. Could be BTC needs a sell off to 25k before a really strong bounce to break out above 30k just like it did when BTC went down to 20k before going up above 25k.
Anyway I feel like anything that bounces strong from 27k is a scalp long followed by anything that sells down strong from 30k is a scalp short.

I had a good feeling the past weeks for a couple of times and every single time Bitcoin stopped at some tipping points where I thought this could be it. But instead it is going back and forth, but in a weird pattern sometimes. Quick big pushes followed by quick big sell offs. I am often instantly trying to search for reasons for either movement, but all too often there is nothing to be found. I wonder if these are some games being played by the big guys? I am certainly not one of them so I can't know. Tongue

Like in the last 15 hours or something, those buys and sells don't make sense to me. You can't even draw a line that returns some trend. I think over the shot-term for the rest of May we are going to see more of a sideways movement. I'd prefer it goes up, but rather expect less and receive more.

Pity Token

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After experiencing a few green months in a row we can expect a red one sooner or later. Perhaps May will be the red one, but it feels like this bear market is lasting forever so if we get another green one then i'd certainly be happy. So far, it's not looking too good! but inflation data is better than expected i think we might see some signs of life

btc_angela

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Quote from: Nrcewker on May 10, 2023, 12:32:14 PM

May has disappointed many, but my friend don’t lose hope, as 20 more days are there for this beautiful May. Anything and everything can happen. I am assuming that currently the price is down, only because the high transaction fees. But this will be back to normal very soon as soon as the block explorer settles down a bit, but the price won’t this time look to the fees. So we should grab as many Bitcoins as we can in this comparatively low price. If Bitcoins manages to cross 35k usd in this Month, then June will be really big for many people .

I wouldn't say that it could be a disappointment, still very early, we are just about to enter the 2nd week. And there are factors as we all know that affect the price that is beyond our control. I know, we wanted to see $30k or higher this May because that has been the trend for this year, starting January the price is going on a rise that others say that we are out of the bear market.

But I still believed that we are still inside the bear market so expect the price to still go down anything with or without reasons. Right now the brc-20 or ordinals have a negative impact as the network was clogged because of this and could be the main reason why investors are staying away from bitcoin as of this moment.

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Quote from: Nrcewker on May 10, 2023, 12:32:14 PM

May has disappointed many, but my friend don’t lose hope, as 20 more days are there for this beautiful May. Anything and everything can happen. I am assuming that currently the price is down, only because the high transaction fees. But this will be back to normal very soon as soon as the block explorer settles down a bit, but the price won’t this time look to the fees. So we should grab as many Bitcoins as we can in this comparatively low price. If Bitcoins manages to cross 35k usd in this Month, then June will be really big for many people .

Most people expected Bitcoin to be in the 35k to 40k range in May But that hasn't happened yet, but in my opinion still since it's the second week of May I'm not getting too desperate yet. If we look at the last few months before the Bitcoin pumping, the first week or the first two weeks the market is in a bit of a down trend. So I won't be disappointed, maybe we can see a new come back by the last week of May although no one can guarantee about how will be the future condition of market.

How ever recently I have got this news that , "America's FBI is selling bitcoins seized from Silk Road and other sectors", let's see how its impact is going to fall on the market.

salad daging

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Quote from: Nrcewker on May 10, 2023, 12:32:14 PM

May has disappointed many, but my friend don’t lose hope, as 20 more days are there for this beautiful May. Anything and everything can happen. I am assuming that currently the price is down, only because the high transaction fees. But this will be back to normal very soon as soon as the block explorer settles down a bit, but the price won’t this time look to the fees. So we should grab as many Bitcoins as we can in this comparatively low price. If Bitcoins manages to cross 35k usd in this Month, then June will be really big for many people .

After bitcoin has managed to pass $28.2K, it has now fallen to a price of $27K, I suspect that there are other factors that can cause the price of bitcoin to drop suddenly, but don't panic, in May, usually bitcoin is not very friendly, I will still expect something more positive, but maybe in my prediction in may bitcoin will not move more.

I am not sure that this month bitcoin will pass $35k in my view it is still very difficult to touch that level but at least we have to survive in any situation because what we benefit from is from taking advantage when the price drops then making regular entries.

Nrcewker

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May has disappointed many, but my friend don’t lose hope, as 20 more days are there for this beautiful May. Anything and everything can happen. I am assuming that currently the price is down, only because the high transaction fees. But this will be back to normal very soon as soon as the block explorer settles down a bit, but the price won’t this time look to the fees. So we should grab as many Bitcoins as we can in this comparatively low price. If Bitcoins manages to cross 35k usd in this Month, then June will be really big for many people .

imamusma

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Quote from: tokeweed on May 10, 2023, 10:00:19 AM

Mmm... I don't think so. It took a lot of volume to break above 25k and it could take more than the usual volume to break down below. Dunno. Could be BTC needs a sell off to 25k before a really strong bounce to break out above 30k just like it did when BTC went down to 20k before going up above 25k.

Anyway I feel like anything that bounces strong from 27k is a scalp long followed by anything that sells down strong from 30k is a scalp short.

Even if some of the support levels @dragonvslinux mentioned is a possibility, but I wouldn't consider it happening in May and June. I still see positive trend verry potential over May and June if the same pattern is repeated before bitcoin enters the third quarter of this year between July, August and September. So $30k is still likely to be broken during the second quarter now.

Of course it would take a lot of selling volume to see the $25k or $20k support hit, but I hope that won't be the case in May and June. Today bitcoin price started to bounce a bit, but still tends to be volatile despite attempts to test the $29k resistance.

Franctoshi

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Quote from: dragonvslinux on May 02, 2023, 08:41:13 AM

I also remembering hearing this theory in 2019 when Bitcoin was at around $5K after a months worth of consolidation, but instead it continued to increase up to $14K by June, so not convinced this theory is that reliable for an asset like Bitcoin, even if relatively reliable for traditional markets. In contrast, the S&P did indeed have a correction followed by consolidation in May 2019 until around October.

I'm not suggesting Bitcoin is going to increase by 150% within the coming months like in 2019, but that this may well be the time Bitcoin decouples (further) from stocks and traditional markets if they are to enter a period of consolidation or correction. This decoupling is what could lead Bitcoin to increase again dramatically as investors who flee from stocks take an interest in Bitcoin instead, similar to 2019.

Though within some couple of days now in this month of May, the momentum in Bitcoin is on a steady decrease , which suggest we could likely get a correction soon from where we are right now, and correction is healthy for the overall market and it also means some opportunity coming to us. However I just keep my ears off some of this theories that suggest what may likely occur and have put my focus on my long term target in order not to get distracted along the line, Bitcoin will always do whatever thing it wants to do at the end of the day. I'm still HODLing.

tokeweed

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Quote from: dragonvslinux on May 08, 2023, 06:57:01 PM

Quote from: tokeweed on May 08, 2023, 10:41:45 AM

So... What's going on with BTC this time? Lol. I see that the fees have been extremely high which could start a lot of people getting annoyed. Whales might be picking up on this and they start selling down and wait for a better scenario..? Dunno. I guess what I would do if I was a whale would be to open a short postion then sell off my holdings and get the price down. So I profit in USD from both moves.

Anyway here are the support ranges I'm look at. 27k, 25k then 20k. After that would be back to 16k or so... dragonvslinux critique me if I'm wrong. Thanks.

Indeed $25K could be old resistance turned into new support. There isn't a lot of volume to support that theory imo, only the 20 Week MA that admittedly price found strong support from back in March.

Mmm... I don't think so. It took a lot of volume to break above 25k and it could take more than the usual volume to break down below. Dunno. Could be BTC needs a sell off to 25k before a really strong bounce to break out above 30k just like it did when BTC went down to 20k before going up above 25k.

Anyway I feel like anything that bounces strong from 27k is a scalp long followed by anything that sells down strong from 30k is a scalp short.

Poker Player

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I wouldn't expect big price movements this month because of the fee hike, which in principle doesn't have to have a direct relationship: people can exchange Bitcoin for fiat or vice versa all they want but it does slow down people who want to buy Bitcoin and withdraw it to their HW or similar where they hold their private keys. The fees in principle would not matter for those who buy or sell large amounts, but I think that in scenarios like this people stay a little waiting, to see what happens, before making big moves.

cabron

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Quote from: GreatArkansas on May 08, 2023, 09:46:07 PM

Quote from: ilovealtcoins on May 05, 2023, 07:44:56 PM

Bitcoin is approaching $30k this morning, and a break of $30k is almost certain this month. But I still remember the saying "sell in May," so I will be more careful instead of expecting another bull run in bitcoin. I still predict by the end of May, we are still under $30k. May is usually a bad month for the market.

More like "sell in May" but for the rest of the last quarter of the year, I am bullish about it. It's only a matter of time. I think we are just making a price correction because what we did last few months is extremely bullish and $30,000 was reached in just a matter of months since the 2023 year started. I am still expecting some cool down on the price this month.

So its also happening in crypto when they say sell in May and go away. There are already several cycles to follow not just the halving that dictates the bull and bear cycle. The global crisis is just the added factor which is also pushing the price down.

This memecoins and ordinals coordinates to pulling the price down as network fees keep rising. If indeed it will take days to months before the network solves itself, we'll just have to see if half of the month will turn the market in green otherwise the saying is real.

GreatArkansas

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Quote from: ilovealtcoins on May 05, 2023, 07:44:56 PM

Bitcoin is approaching $30k this morning, and a break of $30k is almost certain this month. But I still remember the saying "sell in May," so I will be more careful instead of expecting another bull run in bitcoin. I still predict by the end of May, we are still under $30k. May is usually a bad month for the market.

More like "sell in May" but for the rest of the last quarter of the year, I am bullish about it. It's only a matter of time. I think we are just making a price correction because what we did last few months is extremely bullish and $30,000 was reached in just a matter of months since the 2023 year started. I am still expecting some cool down on the price this month.

bitterguy28

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Quote from: tokeweed on May 08, 2023, 10:41:45 AM

So... What's going on with BTC this time? Lol. I see that the fees have been extremely high which could start a lot of people getting annoyed. Whales might be picking up on this and they start selling down and wait for a better scenario..? Dunno. I guess what I would do if I was a whale would be to open a short postion then sell off my holdings and get the price down. So I profit in USD from both moves.

it is an obvious act from whales nowadays ,
this is the highest Fee increase that I ever experience , higher that what we had back in 2017-2018 that the congestion really brings so much increase in fees.
the Mempool is being spam and what would be the true reason behind this?

Quote

Anyway here are the support ranges I'm look at. 27k, 25k then 20k. After that would be back to 16k or so... dragonvslinux critique me if I'm wrong. Thanks.

now that we starts to drop again , falling from 28k+ down to 27 now and slowly falling .

Bitcoin Price CMC
Wondering how much we can expect as the fees are continuously increasing day by day?

dragonvslinux

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Quote from: tokeweed on May 08, 2023, 10:41:45 AM

So... What's going on with BTC this time? Lol. I see that the fees have been extremely high which could start a lot of people getting annoyed. Whales might be picking up on this and they start selling down and wait for a better scenario..? Dunno. I guess what I would do if I was a whale would be to open a short postion then sell off my holdings and get the price down. So I profit in USD from both moves.

Anyway here are the support ranges I'm look at. 27k, 25k then 20k. After that would be back to 16k or so... dragonvslinux critique me if I'm wrong. Thanks.

What an invitation Cheesy

$27K is indeed the support of the 6-week long range, there's no denying that. 200 Week MA is at $26K, but also within a big volume gap, so not convinced it would hold as support in a hurry (but possibly on Weekly time-frame). Indeed $25K could be old resistance turned into new support. There isn't a lot of volume to support that theory imo, only the 20 Week MA that admittedly price found strong support from back in March.

I'd say $23K is the under-estimated support zone, as it's where most of the volume is until you get to about $21.5K, as highlighted below. It effectively became the strongest accumulation zone after $20K.

Also note how price previously found support from the 200 Day MA and volume support at $20K. Now the 200 DMA is rising and close to reaching $23K where the next volume support is. The 50 Week MA has also finally flattened out (after 17 months of bear market decline) and is priced at $22K, so I wouldn't rule this out either as a bounce point, for anyone who has waited a year a half before gaining exposure again.

tokeweed

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So... What's going on with BTC this time? Lol. I see that the fees have been extremely high which could start a lot of people getting annoyed. Whales might be picking up on this and they start selling down and wait for a better scenario..? Dunno. I guess what I would do if I was a whale would be to open a short postion then sell off my holdings and get the price down. So I profit in USD from both moves.

Anyway here are the support ranges I'm look at. 27k, 25k then 20k. After that would be back to 16k or so... dragonvslinux critique me if I'm wrong. Thanks.

CageMabok

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Quote from: ilovealtcoins on May 05, 2023, 07:44:56 PM

Bitcoin is approaching $30k this morning, and a break of $30k is almost certain this month. But I still remember the saying "sell in May," so I will be more careful instead of expecting another bull run in bitcoin. I still predict by the end of May, we are still under $30k. May is usually a bad month for the market.

That's not a saying that everyone has to obey, because basically in terms of buying and selling it's really not related to any month. Even though the facts are visible at this time Bitcoin is still declining and is under $30K, but that does not mean that everyone has to sell this month and buy another month. I agree more with buying at certain moments and selling at certain moments because selling is to make a profit after buying at the bottom.

bitterguy28

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Quote from: tokeweed on May 01, 2023, 07:43:27 AM

:/

It's looking like it's losing a bit of momentum tho.

Looking to the movement now and the days past at least almost a week not as april?
this is the result and that is what happens in May now

https://coinmarketcap.com/currencies/bitcoin/

for me it will go down this may , but will recover in June or at least August .

Momentum happens several time this month but never goes back to 30k now and that is the indicator that market will valued again .

Quote from: $crypto$ on May 05, 2023, 11:30:32 PM

Quote from: batang_bitcoin on May 05, 2023, 06:00:05 PM

Quote from: tokeweed on May 05, 2023, 08:21:54 AM

memecoins are doing well tho. PEPE is almost at 1 billion USD market cap. And in just a couple of weeks too. Crazy...

That's what these meme coins are for and I guess after this crazy hype that PEPE is building, all of the profits of everyone who's wise enough will put it eventually to Bitcoin as they know that it's the best place to put it before the halving comes.

This is a meme coin that is hyped because it will be listed on Binance it is hype that is making it even higher overnight I saw a nearly 130% increase and lots of high profits to be made from hoarding this meme coin I see capitalists on Coinmarketcap have touched 1.2M now on the rank 42 CMC with a very strong community of course.If they put profits into Bitcoin then it will be even bigger to get later, soon they will face a halving in less than a year. They have to be wise that bitcoin is one of the places where profits are stored there.

I think there is a thousand percent profit that has been achieved if they place BTC then there will be more value held by BTC as ownership of its portfolio.

How many Meme coins that we have seen who has climbed like this? but eventually drops badly and now stays behind many coins?

be realistic and mature in dealing because losses will be there.

$crypto$

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Quote from: batang_bitcoin on May 05, 2023, 06:00:05 PM

Quote from: tokeweed on May 05, 2023, 08:21:54 AM

memecoins are doing well tho. PEPE is almost at 1 billion USD market cap. And in just a couple of weeks too. Crazy...

That's what these meme coins are for and I guess after this crazy hype that PEPE is building, all of the profits of everyone who's wise enough will put it eventually to Bitcoin as they know that it's the best place to put it before the halving comes.

This is a meme coin that is hyped because it will be listed on Binance it is hype that is making it even higher overnight I saw a nearly 130% increase and lots of high profits to be made from hoarding this meme coin I see capitalists on Coinmarketcap have touched 1.2M now on the rank 42 CMC with a very strong community of course.If they put profits into Bitcoin then it will be even bigger to get later, soon they will face a halving in less than a year. They have to be wise that bitcoin is one of the places where profits are stored there.

I think there is a thousand percent profit that has been achieved if they place BTC then there will be more value held by BTC as ownership of its portfolio.

bbc.reporter

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Quote from: batang_bitcoin on May 05, 2023, 06:00:05 PM

That's what these meme coins are for and I guess after this crazy hype that PEPE is building, all of the profits of everyone who's wise enough will put it eventually to Bitcoin as they know that it's the best place to put it before the halving comes.

I very much agree on this prediction and I reckon we can certainly also say that much of these memecoin profits will also go to Ethereum, Binance smartchain and the other bluechip tokens, where they will be safer from the big dump of Pepe hehehehehe. This is why I am with team up. Everyone will be in shock on what is going to happen in the cryptospace market in these next months.

ilovealtcoins

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Bitcoin is approaching $30k this morning, and a break of $30k is almost certain this month. But I still remember the saying "sell in May," so I will be more careful instead of expecting another bull run in bitcoin. I still predict by the end of May, we are still under $30k. May is usually a bad month for the market.

Topic: BTC Sentiment Poll for May - page 4. (Read 834 times)