October will be Bullish, after the previous month looked quite good.
Prices are now falling a little bit, some people attribute this to the war between Iran and Israel causing the market to correct, but honestly I don't care about that maybe at the beginning it didn't show a green candle but who knows in the middle of the month it showed signs of a significant increase.
October is a positive trend.
Topic: BTC Sentiment Poll for October - page 3. (Read 440 times)
With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...
Of course, it's clear that most people on Bitcointalk believe history will always repeat itself, but it is seriously failing them now. I've always warned that the past performance of any asset is not always the future indicative of what would continue to happen. Most people here only know what is called an Investment during the crypto-era, they lack the experience and wisdom of investment.Everyone should now perish the idea that Bitcoin will always behave like before!
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And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.
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As seen on the weekly chart above, Bitcoin has ever been struggling to rise further for a while, September only joined the league of the subsequent failed attempt. But one thing is obvious on the chart, the attempts always get to a certain top to sell pullback again and have now formed a pattern. This started in April, only a decisive breakout can cause a change. Bearish bias is next in October judging by the pattern, the trendline is also supportive of this.
I voted for Bullish.
I see that October was a pretty good month for Bitcoin and it is likely that the price of Bitcoin will go up this month if we see some good news that might come up. Right now investors are waiting and seeing how the market is doing, if there is no negative news at the beginning of this month, it is very likely that these investors will enter the market and start buying Bitcoin. And also for institutions that might consider buying more Bitcoin this month will further strengthen the chances for the price of Bitcoin to go up.
I see that October was a pretty good month for Bitcoin and it is likely that the price of Bitcoin will go up this month if we see some good news that might come up. Right now investors are waiting and seeing how the market is doing, if there is no negative news at the beginning of this month, it is very likely that these investors will enter the market and start buying Bitcoin. And also for institutions that might consider buying more Bitcoin this month will further strengthen the chances for the price of Bitcoin to go up.
There was improvement in the month of September because some people sold their bitcoins at the rate of $64k and $65k, which the price is not bad for people to take decision to sell bitcoin to earn income in the month of September. This is the second day of the month of October, there will going to be bull in this month, because there are some signs in the movement of bitcoin which it will make it to profit to those that are still holding till this month of October.
One way to look at how the Bitcoin may perform in this month of October is to look at the past data of bitcoin price movement and how does it behaved in the month of October through the previous years. We can see that only twice in history, in 2018 and 2014, the month of October was closed in negative while in all other years we had a positive bitcoin closing. I think that if bitcoin follows the previous years pattern, we are going to see October as a strong bitcoin month.
Tough choice, but I voted bullish.
October has historically been the most profitable month considering median (not average) percentage performance, the best in terms of average performance is November.
The problem is almost everyone expects the price to follow that trend, but the market likes to move in the opposite direction to what the majority predicts. We somehow broke the trend and September (historically a losing month) finished with a positive growth, so there's nothing stopping October to also break the trend but in the opposite direction. And when things don't look good around the middle of the month, a panic might kick in and some investors might be heading for the exit.
All in all, I'm staying positive and think there are more signs indicating we might start an upward trajectory soon.
October has historically been the most profitable month considering median (not average) percentage performance, the best in terms of average performance is November.
The problem is almost everyone expects the price to follow that trend, but the market likes to move in the opposite direction to what the majority predicts. We somehow broke the trend and September (historically a losing month) finished with a positive growth, so there's nothing stopping October to also break the trend but in the opposite direction. And when things don't look good around the middle of the month, a panic might kick in and some investors might be heading for the exit.
All in all, I'm staying positive and think there are more signs indicating we might start an upward trajectory soon.
There was improvement in the month of September because some people sold their bitcoins at the rate of $64k and $65k, which the price is not bad for people to take decision to sell bitcoin to earn income in the month of September. This is the second day of the month of October, there will going to be bull in this month, because there are some signs in the movement of bitcoin which it will make it to profit to those that are still holding till this month of October.
I think you need to define the uptrend, if the month ends in green it means it ended higher but some want to see highs like +$72,000 which may happen (or not) during the current month. Frankly it is the beginning of the month and it is difficult to know what the trend will be especially since the positive effects (interest rate cut) are not available which means that most of the effects will be negative.
I voted for bull run also but this is how the monthly chart looks like which shows that this month is going in the bear direction for now
But we are just in the second of October. This month can still be for the bulls. I vote for the up direction. We can still go above $65000 again.
But we are just in the second of October. This month can still be for the bulls. I vote for the up direction. We can still go above $65000 again.
I voted for Bullish. Although in the beginning of this month, we have seen like a small correction, but I think this is just a normal as investors could have taken some profits when it reaches $65,000-$66,000. However, I think there could still be some push for the whole month of October.
Looking at it's past history, October is very bullish specially in a halving year. So if we go past $65,000 again, we could be very well going into the $70,000 at the end of the month. Although there are still geo-political tensions in the Middle East, I think in the second half of this month, we might see some good and positive movement.
Looking at it's past history, October is very bullish specially in a halving year. So if we go past $65,000 again, we could be very well going into the $70,000 at the end of the month. Although there are still geo-political tensions in the Middle East, I think in the second half of this month, we might see some good and positive movement.
With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...
And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.
And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.
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