Bye Bye Bear Market :) - page 6. | Bitcointalksearch.org

Silberman

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Quote from: beerlover on February 20, 2023, 02:48:04 PM

Quote from: STT on January 23, 2023, 02:46:30 PM

I dont disagree but the retest is where I have more confidence. The low prices more then the high prices is where I find accuracy is best given for prediction and the backbone to trends. We do have weekly, 50 and I hope soon 200 day averages moving upwards. When all that is true is best to be biased to the upside but I wont assume just yet, sincere optimism seems totally correct but I'll wait this month out and some.
So breaking this downtrend line is good, but once we have also pulled back yet kept this former regular negative as the very lowest price then I find we are very likely with positive bias.

If you are still not entirely sure about being out of the bear market or not, just look at the movements not the price. Sure the price is high, but it could drop any moment, that's not the reason we are out of the bear market. What's the movement? It's up first then down but then up again. That means we go up, and if we ever go down, we quickly recover and go back up.

It was 24.5k, then dropped, and went back to 24.5k within a few days at most, maybe in 24 hours or 48 hours, which is very quick. That tells us that we are no longer dropping, back in bear market it would be down first then a bit up and down again, because the movement was bear, but now it's not bear anymore.

It was that quick recovery what finally convinced me that we were out of the bear market already, as that kind of quick recovery is very unlikely to happen when the market is bearish and instead is a sign that the bulls are back, now this does not mean I expect a dramatic growth in the price of bitcoin during the rest of the year, but at least things are not going to be as bad as they were during 2022 and it is very unlikely we are going to see yet another bottom.

beerlover

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Quote from: STT on January 23, 2023, 02:46:30 PM

I dont disagree but the retest is where I have more confidence. The low prices more then the high prices is where I find accuracy is best given for prediction and the backbone to trends. We do have weekly, 50 and I hope soon 200 day averages moving upwards. When all that is true is best to be biased to the upside but I wont assume just yet, sincere optimism seems totally correct but I'll wait this month out and some.
So breaking this downtrend line is good, but once we have also pulled back yet kept this former regular negative as the very lowest price then I find we are very likely with positive bias.

If you are still not entirely sure about being out of the bear market or not, just look at the movements not the price. Sure the price is high, but it could drop any moment, that's not the reason we are out of the bear market. What's the movement? It's up first then down but then up again. That means we go up, and if we ever go down, we quickly recover and go back up.

It was 24.5k, then dropped, and went back to 24.5k within a few days at most, maybe in 24 hours or 48 hours, which is very quick. That tells us that we are no longer dropping, back in bear market it would be down first then a bit up and down again, because the movement was bear, but now it's not bear anymore.

Joshapat

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Currently the price is around $24500, and I think we are still in a bear market, if we compare it to the ATH that has happened the price is $24500 around 38%, but the achievements in 2023 make us have to be optimistic that 2023 can be better than 2022, it is natural that many those who dare to speculate that this year can create new ATH again so we have to invest and hold until the price passes ATH in 2021.

bbc.reporter

legendary

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@thecodebear. You might be correct because if the speculation that Asia is presently pumping bitcoin from the bottom, the Asian traders might be rotating their trades to other coins. However, the altcoins that they might be rotating to might not be the common altcoins where the American and European traders rotate to. If you check the coins in Kucoin, presently the coins that are pumping more than 10% in 24 hours are projects that were created in China, Singapore and Vietnam.

In any case, for the people from Asia, how is the economy in your country? Is it slowing down similar to the economies of Europe and America? If it is not, then I am more certain on the speculation that Asia will begin the bull market and America and Europe will catch the bubble pop hehehehe.

thecodebear

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Not bye bye yet. The resistance at the top of the bottom range of the market is at $25k. Bear market ain't over until it breaks through that and shoots past $26k and up.

There's also the possibility that even if it does break out of the bottom soon and the bear market ends there could be more nasty stupid SEC attacks on crypto in the coming weeks that could knock the price back down to this $24k/25k level.

STT

legendary

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Its bad luck to say such things, everything is possible always when BTC has this much volatility dont upset the gods of luck that roll the dice on these things.
We do have a negative trend right now short term but I hope it will resolve upwards without too much go around.

Volume occurring with the positive action, in theory we should bear well entering into next week. There is more then just this slight trend, also the weight of some yearly averages, however thats an estimate of momentum perhaps not actual resistance. Apprehension and selling is likely to reappear all the way through 20k to 30k but it'd be good to see the repeat attempts, higher lows etc.

darewaller

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Quote from: bbc.reporter on February 16, 2023, 09:31:07 PM

The retest has presently started already. There is also a weakening of the pump. I have not looked at cryptocoin charts many times since the beginning of the bubble pop, however, the RSI and the price have shown a bearish divergence since the first week of February.

I speculate this retest might show the opposite where bitcoin might create a higher low and RSI will create a lower low. A bullish divergence hehehe.

That means higher low could get it higher in the next run. I know that it is going to be something to wait for, but if we stay at above 23k, that means the next time we have an increase like this, reaching above 25k would be easier, and eventually if we fail that too, we are going to have even higher low and keep doing that until we are just right at the door of 25k and reject going down, which would be awesome for all of us.

I know it is not that easy to make these kind of predictions and charts are not always right, but that is what we have to face in order to accept the future, that's just how awesome our future looks and there is nothing to worry about getting a little hyped.

darewaller

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Quote from: STT on January 23, 2023, 02:46:30 PM

I dont disagree but the retest is where I have more confidence. The low prices more then the high prices is where I find accuracy is best given for prediction and the backbone to trends. We do have weekly, 50 and I hope soon 200 day averages moving upwards. When all that is true is best to be biased to the upside but I wont assume just yet, sincere optimism seems totally correct but I'll wait this month out and some.
So breaking this downtrend line is good, but once we have also pulled back yet kept this former regular negative as the very lowest price then I find we are very likely with positive bias.

With the way things are now, I am pretty sure that we are not in the bear market right now. People think that it should be 60k+ before we are out of the bear market because we fell down, but as long as we are not in a red market that means we are not in the bear market.

Considering the huge amount of money that is going into bitcoin lately and the way we quickly go up, it is a proof that we are no longer in the bear market anymore and we should be quite happy with the way it is right now. I know it is not going to be as simple as just "hey forget about the year and a half long bear market and be happy" because that takes time, but reality doesn't wait for you.

BITCOIN4X

legendary

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Quote from: Jating on February 17, 2023, 12:25:20 PM

So we will see if the divergence will create a lower low, but it seems not going to happen at least at the end of the week. $25k is too weak though, we need more momentum if we wanted to stay on that price or reach higher this February. Still very exciting month maybe another green candle again.

You're right $25K is too weak right now. I'm not sure why $25K didn't last for more than 24 hours, but either way the selling pressure and traders panicking to take profits gave us a correction afterward. But I don't know what momentum you're talking about, it should be interesting to know that investment interest in 2023 has good and has left the bear market behind for a recovery.

The cash inflows in the last 24 hours still appear to be down based on my monitoring on multiple exchanges, so this is evidence that there is some high selling pressure since the $25K was broken.

Jating

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Quote from: bbc.reporter on February 16, 2023, 09:31:07 PM

Quote from: Jating on February 16, 2023, 07:56:05 AM

Quote from: bbc.reporter on February 15, 2023, 09:53:19 PM

@Jating. Here is another news update from Asia and it is another one in Hong Kong hehehe. I am beginning to speculate that China will open up again, however, this time it might only be through Hong Kong then slowly open Shanghai.

Another country to observe where billions will come from is Dubai and maybe also the countries around the the middle east. Dubai has started welcoming Defi and Web3 projects to continue development in their jurisdiction.

Interactive Brokers (IBKR) has begun offering cryptocurrency trading to professional investors in Hong Kong in partnership with crypto exchange OSL Digital Securities.

Eligible clients include individuals with over 8 million Hong Kong dollars (US$1 million) in investable assets and institutions with over 40 million Hong Kong dollars ($5 million).

Interactive Brokers and OSL's aim is to allow clients to invest in bitcoin (BTC) and ether (ETH) via a single platform alongside stock, options, futures, bonds and so on.

Source https://www.coindesk.com/business/2023/02/15/interactive-brokers-rolls-out-btc-eth-trading-to-professional-investors-in-hong-kong/

And my speculation is true then, we have seen the price going as high as $24,650 in some exchanged, so it's good enough for me. We might hit weekend that might slow down the growth. But hopefully we can be just staying in this upper bound price so that next week $25k will be in the horizon.

It's going to be a big retest for us, because of we pass this test, then $30k is going to be easy, in my opinion.

So let's hope that the bulls are going to make a push for this month.

You are correct! The retest has presently started already. There is also a weakening of the pump. I have not looked at cryptocoin charts many times since the beginning of the bubble pop, however, the RSI and the price have shown a bearish divergence since the first week of February.

I speculate this retest might show the opposite where bitcoin might create a higher low and RSI will create a lower low. A bullish divergence hehehe.

And quick as we go to higher highs of $25k yesterday, the dump that follow forcing the bears to retreat and we retest $23,600 again. But still good though, after the retest, we are back to $24k and above. So it might take some time again to see $25k, as this is the biggest barrier to break and maintain.

So we will see if the divergence will create a lower low, but it seems not going to happen at least at the end of the week. $25k is too weak though, we need more momentum if we wanted to stay on that price or reach higher this February. Still very exciting month maybe another green candle again.

Fredomago

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Quote from: Maslate on February 16, 2023, 08:09:43 AM

Quote from: Jating on February 16, 2023, 07:56:05 AM

It's going to be a big retest for us, because of we pass this test, then $30k is going to be easy, in my opinion.

So let's hope that the bulls are going to make a push for this month.

That's a big test for Bitcoin to break. It's not the current ATH, so I think it will not be hard to break that price as long as we are in a bullish mode already. We've seen Bitcoin dump in the past few days after it had a little bullish run, but now it's a new price, the highest this year already, so I would understand if it does excite us.

We can only hope that the bear market is over because, in the bull run, even if we were not able to accumulate during the bear market, I'm pretty sure that there are still plenty of opportunities to make money ahead.

If there's a continuous market movement and bull will dominate the market then yes, there's always a good chance to earn from the market, it's more on how you understand the situation and how you believe that you can make some decent when buying and holding your asset till it brings you decent amount of expected profits.

Keep in mind that it's your assessment and observation that will bring you the opportunity to earn while investing in this industry.

bbc.reporter

legendary

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Quote from: Jating on February 16, 2023, 07:56:05 AM

Quote from: bbc.reporter on February 15, 2023, 09:53:19 PM

@Jating. Here is another news update from Asia and it is another one in Hong Kong hehehe. I am beginning to speculate that China will open up again, however, this time it might only be through Hong Kong then slowly open Shanghai.

Another country to observe where billions will come from is Dubai and maybe also the countries around the the middle east. Dubai has started welcoming Defi and Web3 projects to continue development in their jurisdiction.

Interactive Brokers (IBKR) has begun offering cryptocurrency trading to professional investors in Hong Kong in partnership with crypto exchange OSL Digital Securities.

Eligible clients include individuals with over 8 million Hong Kong dollars (US$1 million) in investable assets and institutions with over 40 million Hong Kong dollars ($5 million).

Interactive Brokers and OSL's aim is to allow clients to invest in bitcoin (BTC) and ether (ETH) via a single platform alongside stock, options, futures, bonds and so on.

Source https://www.coindesk.com/business/2023/02/15/interactive-brokers-rolls-out-btc-eth-trading-to-professional-investors-in-hong-kong/

And my speculation is true then, we have seen the price going as high as $24,650 in some exchanged, so it's good enough for me. We might hit weekend that might slow down the growth. But hopefully we can be just staying in this upper bound price so that next week $25k will be in the horizon.

It's going to be a big retest for us, because of we pass this test, then $30k is going to be easy, in my opinion.

So let's hope that the bulls are going to make a push for this month.

You are correct! The retest has presently started already. There is also a weakening of the pump. I have not looked at cryptocoin charts many times since the beginning of the bubble pop, however, the RSI and the price have shown a bearish divergence since the first week of February.

I speculate this retest might show the opposite where bitcoin might create a higher low and RSI will create a lower low. A bullish divergence hehehe.

Maslate

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Quote from: Jating on February 16, 2023, 07:56:05 AM

It's going to be a big retest for us, because of we pass this test, then $30k is going to be easy, in my opinion.

So let's hope that the bulls are going to make a push for this month.

That's a big test for Bitcoin to break. It's not the current ATH, so I think it will not be hard to break that price as long as we are in a bullish mode already. We've seen Bitcoin dump in the past few days after it had a little bullish run, but now it's a new price, the highest this year already, so I would understand if it does excite us.

We can only hope that the bear market is over because, in the bull run, even if we were not able to accumulate during the bear market, I'm pretty sure that there are still plenty of opportunities to make money ahead.

Jating

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Quote from: bbc.reporter on February 15, 2023, 09:53:19 PM

@Jating. Here is another news update from Asia and it is another one in Hong Kong hehehe. I am beginning to speculate that China will open up again, however, this time it might only be through Hong Kong then slowly open Shanghai.

Another country to observe where billions will come from is Dubai and maybe also the countries around the the middle east. Dubai has started welcoming Defi and Web3 projects to continue development in their jurisdiction.

Interactive Brokers (IBKR) has begun offering cryptocurrency trading to professional investors in Hong Kong in partnership with crypto exchange OSL Digital Securities.

Eligible clients include individuals with over 8 million Hong Kong dollars (US$1 million) in investable assets and institutions with over 40 million Hong Kong dollars ($5 million).

Interactive Brokers and OSL's aim is to allow clients to invest in bitcoin (BTC) and ether (ETH) via a single platform alongside stock, options, futures, bonds and so on.

Source https://www.coindesk.com/business/2023/02/15/interactive-brokers-rolls-out-btc-eth-trading-to-professional-investors-in-hong-kong/

And my speculation is true then, we have seen the price going as high as $24,650 in some exchanged, so it's good enough for me. We might hit weekend that might slow down the growth. But hopefully we can be just staying in this upper bound price so that next week $25k will be in the horizon.

It's going to be a big retest for us, because of we pass this test, then $30k is going to be easy, in my opinion.

So let's hope that the bulls are going to make a push for this month.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

@Jating. Here is another news update from Asia and it is another one in Hong Kong hehehe. I am beginning to speculate that China will open up again, however, this time it might only be through Hong Kong then slowly open Shanghai.

Another country to observe where billions will come from is Dubai and maybe also the countries around the the middle east. Dubai has started welcoming Defi and Web3 projects to continue development in their jurisdiction.

Interactive Brokers (IBKR) has begun offering cryptocurrency trading to professional investors in Hong Kong in partnership with crypto exchange OSL Digital Securities.

Eligible clients include individuals with over 8 million Hong Kong dollars (US$1 million) in investable assets and institutions with over 40 million Hong Kong dollars ($5 million).

Interactive Brokers and OSL's aim is to allow clients to invest in bitcoin (BTC) and ether (ETH) via a single platform alongside stock, options, futures, bonds and so on.

Source https://www.coindesk.com/business/2023/02/15/interactive-brokers-rolls-out-btc-eth-trading-to-professional-investors-in-hong-kong/

Jating

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Quote from: bbc.reporter on February 14, 2023, 11:41:21 PM

@Lucius. These types of developments in Asia was what I was trying to tell you. The Asian market is beginning to open and adopt the cryptospace again while everything is trading very slowly on low prices. In America, they have only begun to create stricter laws and control how much liquidity goes in the cryptospace. I reckon by the time America has opened up, it might be close to a new all time high where it might be the correct time for Asia to dump hehe.

DBS Group Holdings has unveiled its plan to expand its services in Hong Kong. The Straits Times reported Monday that the bank plans to apply for a license to offer crypto trading services to Hong Kong customers. Headquartered and listed in Singapore, DBS is the largest bank in Southeast Asia with a presence in 18 markets.

Read in full https://news.bitcoin.com/southeast-asias-largest-bank-dbs-unveils-plan-to-expand-crypto-services-in-hong-kong/

Thanks for this, yeah, I also believed that Asia is the one pushing the market in this bear market. I was just observing that when the market is open is Asia's time somewhat the price is going uptick.

And now that we have seen the price going to $24k again and the Asian market is about to open in the next 2 hours or at least traders and speculators are, I expect that price to continue to go up and maybe hit mid $24k again and hit highest high like $24,500++, the biggest price that we have seen since this sort of mini bull run.

bbc.reporter

legendary

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@Lucius. These types of developments in Asia was what I was trying to tell you. The Asian market is beginning to open and adopt the cryptospace again while everything is trading very slowly on low prices. In America, they have only begun to create stricter laws and control how much liquidity goes in the cryptospace. I reckon by the time America has opened up, it might be close to a new all time high where it might be the correct time for Asia to dump hehe.

DBS Group Holdings has unveiled its plan to expand its services in Hong Kong. The Straits Times reported Monday that the bank plans to apply for a license to offer crypto trading services to Hong Kong customers. Headquartered and listed in Singapore, DBS is the largest bank in Southeast Asia with a presence in 18 markets.

Read in full https://news.bitcoin.com/southeast-asias-largest-bank-dbs-unveils-plan-to-expand-crypto-services-in-hong-kong/

Pejoh Asu

sr. member

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February makes me doubt whether it will rise or not, after reaching a satisfactory trend in January then slowly starting to decline again in February, maybe we can't say the bear market is over yet, but as an investor who thinks positively, the current decline is a good opportunity great to buy more and for less.

fullhdpixel

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Quote from: fzkto on February 13, 2023, 09:18:17 AM

Perhaps after price rises since the beginning of this year, a correction is now taking place. But I am worried about the US policy on cryptocurrencies. It is because of the US that we are now seeing price declines. Some coins are even back to where they were before the pump. I hope this will recover soon, because the beginning of the year reminded me of a trend reversal.

What policy do you mean. Are you referring to the banning of staking on some crypto platforms? Well yeah that could have a domino effect to the price of the cryptos and maybe that is the reason why we are seeing a decline right now because maybe the bill have already passed and banning have already started but we should calm down because I believe that there is still a chance for the price to recover again. Remember the times where crypto is also banned in other countries? And I think that one is much worse than this but we see how the price fought and still achieve their new all time highs. Cryptos are still going to be unstoppable.

fzkto

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Quote from: NicNacCoin on February 13, 2023, 08:14:29 AM

Quote from: Kemarit on February 04, 2023, 07:57:24 PM

Maybe the trend has broken up, or perhaps in this 1st quarter we will have green followed by a couple of quarters of retracement and corrections. Nevertheless, it's good to see the price picking up at the start of the year.

I was very pleased to see the price increase at the beginning of the year after the dumping market ended. It seemed that the Bitcoin market would soon go higher and those of us who had invested in the higher market would recover our investments. But lately the market is going down again. In this our invested portfolio started to decline again.

Quote from: Kemarit on February 04, 2023, 07:57:24 PM

And maybe we can see goodbye bear market, or at least we are not going to see lower lows again before the bull run.

We are back at the Bear Market. I can tell we are not in a bull market by the way the market has been going down lately. Maybe we are sinking into a bear market again.

Quote from: Kemarit on February 04, 2023, 07:57:24 PM

So let's wait for the last quarter pre halving run it could happen again or not. But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.

Yes, we must wait until our investment recovers. If you have to wait for a long time for this, you will have to do so. But we hope to recover very soon.

Perhaps after price rises since the beginning of this year, a correction is now taking place. But I am worried about the US policy on cryptocurrencies. It is because of the US that we are now seeing price declines. Some coins are even back to where they were before the pump. I hope this will recover soon, because the beginning of the year reminded me of a trend reversal.

Topic: Bye Bye Bear Market :) - page 6. (Read 1805 times)