Bull season started? - page 2. | Bitcointalksearch.org

Minecache

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Quote from: dansus021 on November 16, 2023, 10:18:52 PM

Quote from: Minecache on November 16, 2023, 08:36:09 AM

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

maybe continue doing dca is good point right now even good if we can get prices at range 30K to 33K level and forget about the ETF SEC there is a lot fake news out there and too much noise right now in the market and i believe that ETF gonna approved next year at the final deadline

Today is the deadline for the SEC to decide whether to approve or continue to reject the ETF, I think there will be a lot of volatility today. Currently, the market is also reacting before the official announcement. I think if someone wants DCA this is probably a good time to buy and buy because SEC rejection is almost certain. The ETF will definitely be approved but this is not the right time for that big event yet. I'm not sure if bitcoin can drop to 30k-33k, but I think with this news, it's more likely that bitcoin will correct towards $34k, IMO. Let's wait and see what happens today, I have prepared USDT Cheesy

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Quote from: arabspaceship123 on November 17, 2023, 08:03:01 AM

Investing because of historical patterns isn't advised. We're reading posts about how halving's going to make ppl rich but it isn't guaranteed. There's confusion being started by investors trying to make ppl buy bitcoin. They're hoping FOMO's going to take the market to a bull season.

Quote from: Andrija Branislav on November 17, 2023, 04:14:41 AM

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

We can rely on historical models to invest because it has been repeated before, so the possibility of history repeating itself is still possible. But you are not wrong because there is no guarantee that history will repeat itself. The way I'm using it is that I still believe history will repeat itself because as an investor I have the right to expect and need to have a positive psychology with my choices. But besides that, I have also prepared a backup plan, so that if things don't go as planned, I won't panic too much. We need to have an optimistic spirit but never be subjective.

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Quote from: Andrija Branislav on November 17, 2023, 04:14:41 AM

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

As much as I agree with the note that past performance is not always a good indicator, I wouldn't dismiss historical patterns entirely. I don't think that's even possible - even in your example of going in when the volume goes up, it's probably on the fact that historically increases in price and volume were correlated.
Trading according to past patterns will not guarantee you success 100% of the time, but it gives you an advantage, simply by the fact that if a pattern was repeated multiple times in the past, it's more probable to play out the same way again than any other scenario.

arabspaceship123

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Investing because of historical patterns isn't advised. We're reading posts about how halving's going to make ppl rich but it isn't guaranteed. There's confusion being started by investors trying to make ppl buy bitcoin. They're hoping FOMO's going to take the market to a bull season.

Quote from: Andrija Branislav on November 17, 2023, 04:14:41 AM

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

Andrija Branislav

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My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

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Quote from: michellee

The bull market will return but maybe not yet. Slowly, the market will recover, and now, Bitcoin is on its way. We must be more patient in waiting for the market to become bullish again. And in the meantime, we are still given the opportunity to buy more Bitcoin at the current price.

And don't forget that the current increase will have a decrease as a correction. At that time, you can use it to accumulate more Bitcoins. It's better not to be too serious about waiting for a bull market but focus on accumulating more Bitcoins for now.

If a correction comes later, will the price of Bitcoin remain at $34k or will it decline below $30k again? Because the price of Bitcoin managed to rise to the current level of $34k. So it's better to be prepared with your money so you can buy more Bitcoin.

The direction the price of Bitcoin is going, show that bullish season will soon take over the market for those that invested in the past to wait for their price target to show up in the market before they can sell to smile again. Now that the price has increased to $37,431 this new week before it decreased down to $35,654 today, show that the price of Bitcoin will reach $40,000 before the end of this year, and those that have that price in mind will definitely achieve something good. I don't think the price of Bitcoin will decrease more than $34,321 before the real bullish will take over the whole market for both long and short term investors to experience positive results.

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Quote from: Ricardo11 on November 16, 2023, 07:20:23 AM

I think the bitcoin bull market has started, because the value of bitcoin is constantly increasing. Its value is not stopping it is constantly increasing. Because the price of Bitcoin has gone from 26k to 37k in the last three weeks. In other words, its value increased by more than 10k within three weeks. So I think that the Bitcoin fertilizer market has started because it is still going up.

Actually, it is not that important to find out whether the bull season has started or not because the most important thing is how we are ready to enter that season if we keep finding out but never try to add Bitcoin to our wallet by buying then the bull season will not provide profits whatever to us, so start by accumulating Bitcoin now because the price is still cheap at least below +-40% of the last ATH so the opportunity to make a profit during the bullish period will be greater if you start adding Bitcoin to your bag now.

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Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

Although this is a sign of a bull market it is only temporary. This bull market is not long-lived due to which the price of Bitcoin has started to fall again within a few days and it is likely to fall further. It was mainly because of the ETF that the price of Bitcoin increased from 27000 to 37k thousand. And I can't see any higher momentum for the time being, this could be the highest bitcoin market growth in 2023. However, most of the people predicted that Bitcoin will touch 40 but it doesn't seem to be possible at all because the market is already showing Bitcoin price volatility. And it cannot be said correctly that the price of Bitcoin may increase further.

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Quote from: Minecache on November 16, 2023, 08:36:09 AM

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

maybe continue doing dca is good point right now even good if we can get prices at range 30K to 33K level and forget about the ETF SEC there is a lot fake news out there and too much noise right now in the market and i believe that ETF gonna approved next year at the final deadline

arabspaceship123

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I've thought about if I should've started short term trades to bitcoin to USDT when I started stacking sats. It's risky because bitcoin fees aren't reliable so when you're selling to make profits you can't sell at the wrong time.

USDT's got lower fees for short term trades but bitcoin's where the real profit exists. If I'm stacking sats I'll try to continue long term to hodl because it's safer.

Quote from: ShowOff on November 16, 2023, 02:38:11 PM

I am very tempted to make short term trades and take advantage of the current market situation. But I prefer to maintain my long-term investment plans rather than ruin them after holding out for so long. To be honest, I lost a lot of value today and this affected my psychology a little, but I still stick to my plan and don't want to ruin it at all. In my opinion, this is simply the effect of the delay in the ETF or its announcement.

ShowOff

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Quote from: aylabadia05 on November 16, 2023, 12:27:06 PM

Quote from: Minecache on November 16, 2023, 08:36:09 AM

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Because it has been below the price of 35K for a long time and now we have passed it, I can say that this is heading towards real bullishness even though the road map is still towards halving and we still have the possibility to buy before the increase continues.
Regarding the ETF which is still pending, that is a big bonus that must be utilized to welcome other bulls into the market.
Wanting to hold back as hard as he could, the bull's head couldn't be held back.

We are in a phase that is difficult to predict now where sideway is still the prima donna. The price of bitcoin has not been able to break $38k until today and it has caused the same correction as the previous two days even though yesterday it touched $37,980. To be honest, this is not the condition I most hope for when our optimism about market movements increases, but testing new support could make the bull run unstoppable in the next period.

I am very tempted to make short term trades and take advantage of the current market situation. But I prefer to maintain my long-term investment plans rather than ruin them after holding out for so long. To be honest, I lost a lot of value today and this affected my psychology a little, but I still stick to my plan and don't want to ruin it at all. In my opinion, this is simply the effect of the delay in the ETF or its announcement.

Yaunfitda

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Quote from: aylabadia05 on November 16, 2023, 12:27:06 PM

Quote from: Minecache on November 16, 2023, 08:36:09 AM

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

Because it has been below the price of 35K for a long time and now we have passed it, I can say that this is heading towards real bullishness even though the road map is still towards halving and we still have the possibility to buy before the increase continues.
Regarding the ETF which is still pending, that is a big bonus that must be utilized to welcome other bulls into the market.
Wanting to hold back as hard as he could, the bull's head couldn't be held back.

Just to be fair, after getting above $37k the previous day, the price goes on another sea of red, at least all crypto does. Not sure what negative news has pull the market down to red right now, but it doesn't look good if we are a investor. Nevertheless, another good time to buy, no need to wait for the price to go further down. Just do DCA and we will all be good stacking bitcoin.

As for the ETF, it's still pending as you have said, and the best time to speculate about a approval is next year. So hopefully, the price could bounce back again as everyone is waiting that at least this sort of bullish momentum will continue up to the end of the year.

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Quote from: Minecache on November 16, 2023, 08:36:09 AM

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

Because it has been below the price of 35K for a long time and now we have passed it, I can say that this is heading towards real bullishness even though the road map is still towards halving and we still have the possibility to buy before the increase continues.
Regarding the ETF which is still pending, that is a big bonus that must be utilized to welcome other bulls into the market.
Wanting to hold back as hard as he could, the bull's head couldn't be held back.

Minecache

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Quote from: dansus021 on November 15, 2023, 09:38:24 PM

Break the crucial point of 35K so I consider this as a bull season since 35K level is at May 2022 meaning is a year ago and this is a major resistance if the price can stay at the above 35K level or side away around 30-40K level I think another bull is going to hit the market Cool

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

Ricardo11

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I think the bitcoin bull market has started, because the value of bitcoin is constantly increasing. Its value is not stopping it is constantly increasing. Because the price of Bitcoin has gone from 26k to 37k in the last three weeks. In other words, its value increased by more than 10k within three weeks. So I think that the Bitcoin fertilizer market has started because it is still going up.

dansus021

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Break the crucial point of 35K so I consider this as a bull season since 35K level is at May 2022 meaning is a year ago and this is a major resistance if the price can stay at the above 35K level or side away around 30-40K level I think another bull is going to hit the market Cool

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Quote from: martinex on November 15, 2023, 01:42:33 AM

The price of BTC in one second can change quickly. For now, is there a potential for another fall to 34k and if it rises to 37k, because according to that it is most likely if we look at the BTC price movement chart. But, prices are now starting to go up at 35.5K. What is certain is that a number of price swings create trading opportunities. So in any case a review of the information is necessary.

agreed with this one, current circumstance of bitcoin shows good opportunities for trading, profitting off the magin, even if the market swing and we missed some opportunities, we can just wait it out until next day and the tide has already been changing, but what I wonder is whether accumulating bitcoin at this time would still be great opportunity, we know that in bearish we can get the best value for our investment but right now the price has all be changing, bitcoin is already breaking through sub $30k and now currently might be increasing up to $40k in no time.
but then again it could also have some corrections, but seeing for the long term investment it would be definitely a good opportunity to accumulate, we are still too early for ATH and thats a good thing.
but only for long term investment, the short term investment might requires us to wait for corrections first to get the best opportunity of making profit.

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Quote from: Onyeeze on November 15, 2023, 04:46:42 PM

Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

Theirs nothing to talk about again because the way I'm seeing everything concerning bitcoin market I seems it like something I know very well that is not bullrun but later I began to look at things that is indifference from other speculation of bitcoin reaching big amounts or small amounts, so what I know of bitcoin right now is that Bitcoin can rise now and next 30 minutes you see bitcoin falling but what we are seeing now in the price of bitcoin we can conclude the price of bitcoin that is in bullrun

Just show how volatile the market is, it's either you embrace it or not, up to you. Maybe right now, you see the market as in the bear market, technically we are, however, we have gain so much from our last lowest low in the bear market. We have move past 100%++ increased.

Nevertheless, this is not a full blown bull run, it's that the market sentiments have shift already to being positive because of the news about the incoming Spot Bitcoin ETF approval, but we will have to wait and see how it goes. One thing is for sure, no one can stop the block halving for next year, which is the catalyst for a massive bull run in the next year or two, (2024-2025).

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Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

Theirs nothing to talk about again because the way I'm seeing everything concerning bitcoin market I seems it like something I know very well that is not bullrun but later I began to look at things that is indifference from other speculation of bitcoin reaching big amounts or small amounts, so what I know of bitcoin right now is that Bitcoin can rise now and next 30 minutes you see bitcoin falling but what we are seeing now in the price of bitcoin we can conclude the price of bitcoin that is in bullrun

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Quote from: Dr.Bitcoin_Strange on November 15, 2023, 12:51:00 PM

Quote from: doomloop on November 14, 2023, 01:00:31 PM

I don't think that the concerns of investors that panic have anything to do with the fact that they haven't seen a bull run yet, but it's just that they can't see their portfolio losing value and when they see that happening, they start panicking because they feel that their investments will keep losing value and might even lose everything they have invested.

But this is something that can rarely happen to Bitcoin investors, unless someone invests in some altcoins, where the value can drastically drop until the investor is left with not even 10–20% of their invested amount. If someone actually invests in Bitcoin, then there is nothing to panic about because we are not yet in the main bull market; it's only newbies that should even panic because they are not well experienced and educated about everything they need to know about Bitcoin. Even if the price drops, then it's a good opportunity to buy more and prepare for the bull market that has not even started.

That's the difference between Bitcoin and Altcoins thus, seasoned investors opt for Bitcoin over Altcoin when it comes to investment but we need to agree on one thing that Altcoin gives more returns than bitcoin but the volatility and risk factor is there that's the problem and one of the reason long term users stay away from Altcoins. Suppose we invest in Bitcoin and sle dumps ven to just 10% of capital still we know it will recover in upcoming years but with Altcoin we don't have that guarantee rather we don't even know if it will exist or not. Now coming to challenges with Altcoins is that every bullrun we see new set of altcoins getting pumped up and the one which outshined last time don't repeat the trend most often hence Altcoin is only for short term if you are actively involved in trading.

Sometimes experienced users make this mistake of going with Altcoins for longer run.

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