Topic: Bye Bye Bear Market :) - page 7. (Read 1677 times)
The size of the bear market is of course different, I think if we compare it with the price at the end of 2021 of course it's still a bear market now, we don't say a bear market if the price is close to the last ATH, but I'm optimistic that bitcoin will continue to shine and this year hopefully it can make an new ATH gain.
I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed.
At this point people will pleasantly believe that we are out of bearish market, And those set of people does make use of chart to examine the gravity of Bitcoin ratio of increment. I will not support the motion that we are out of bearish market, because i know too well that the market of cryptocurrency is unpredictable. So many people will conclude that we are out of the bearish market due to the little increment we experience early January, but it's obvious that Bitcoin regulations in price can occur negatively now and within some minutes it reverse to be positive.Well its not surprising to have these kind of impulsive approach and reactions on the time that we are seeing greens but exaggerating it too much is never been that appealing nor good.
It would really be creating that expectation and anticipation that it would surely happen and on the time that it did failed your expectation then you are really that ending up on getting annoyed or
disappointed.Therefore, further discouragement and stress would be there so its not really that ideal to have this kind of mindset.
I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed.
At this point people will pleasantly believe that we are out of bearish market, And those set of people does make use of chart to examine the gravity of Bitcoin ratio of increment. I will not support the motion that we are out of bearish market, because i know too well that the market of cryptocurrency is unpredictable. So many people will conclude that we are out of the bearish market due to the little increment we experience early January, but it's obvious that Bitcoin regulations in price can occur negatively now and within some minutes it reverse to be positive.
I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed.
At this point people will pleasantly believe that we are out of bearish market, And those set of people does make use of chart to examine the gravity of Bitcoin ratio of increment. I will not support the motion that we are out of bearish market, because i know too well that the market of cryptocurrency is unpredictable. So many people will conclude that we are out of the bearish market due to the little increment we experience early January, but it's obvious that Bitcoin regulations in price can occur negatively now and within some minutes it reverse to be positive. 
According to Fear & Greed Index the purchasing part outweighs. This index has always shown me the truth if the index is at these levels i will continue to buy and after 80% i will start selling in parts. There is also an increase in the number of hodls.
I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values and then I can say bye to the bear market.
Fear and greed index has always been a bad guideline for when we should buy or sell. Similar to RSI if it says it is in greed, this implies that bitcoin is overbought and if it tells us that the index is in fear, bitcoin is really oversold. Look at the date when you shared the index and also look at when bitcoin began dumping. It is on the same date hehe.
I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed. Even though the price has now risen 36% in the last 30 days, there is still every possibility of it going lower. It might be good to expect $22K to be held as strong support for months from now, but it's still good to think about DCA as long as we're still at -66% since its last ATH.
It's still hard to break through $25K even though we've seen bitcoin actually cross $24K, but there's good hope of waiting for this $25K during February.
It's still hard to break through $25K even though we've seen bitcoin actually cross $24K, but there's good hope of waiting for this $25K during February.
~snipped~
But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.but that is different from some other traders or most investors, I myself also feel the bitterness of this bear market,
in this bear market to be honest, it is very difficult for me to make a profit , even my portfolio was completely destroyed.
this is why we have to say good bye to the bear market.
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I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values and then I can say bye to the bear market.
Bitcoin has been rising well enough lately, even today BTC successfully passed $24k. If you think BTC should rise enough, IMO it already rises enough. Or what price to be achieved, to call "rise enough"? Does BTC reach $40k to conclude that BTC has risen enough? I don't think so, mate. However, I agree that it is too early claiming the bearish ended already. We are still far from $68k/$69k (ATH), while the current price is still around $23k. It is obvious that we aren't in the bullrun season yet.
~snipped~
But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.
What I see now is that the party seems to have started too early and that's a bull trap if you asked me.
I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.
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.
And maybe we can see goodbye bear market, or at least we are not going to see lower lows again before the bull run.
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.
What I see now is that the party seems to have started too early and that's a bull trap if you asked me.
I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.
I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values and then I can say bye to the bear market.
Bitcoin has been rising well enough lately, even today BTC successfully passed $24k. If you think BTC should rise enough, IMO it already rises enough. Or what price to be achieved, to call "rise enough"? Does BTC reach $40k to conclude that BTC has risen enough? I don't think so, mate. However, I agree that it is too early claiming the bearish ended already. We are still far from $68k/$69k (ATH), while the current price is still around $23k. It is obvious that we aren't in the bullrun season yet.The bear market that occurred throughout 2022 made many frustrated and panic so that it sells with losses, now slowly the market starts rising and if we count an increase of more than 40%, this makes us have to be sure and no more panic for long -term holders, And I plan to hold Hold at least up to a year or more.
If anyone thinks that they will panic sell their assets in an highly volatile market, then it is better not to enter as they wont be making any profit in the cryptocurrency space 
. You cannot expect 40% increase in this market situation, you need to be patient enough to hold for the long term atleast till the next halving for you to see any major rally in the price. 
According to Fear & Greed Index the purchasing part outweighs. This index has always shown me the truth if the index is at these levels i will continue to buy and after 80% i will start selling in parts. There is also an increase in the number of hodls.
I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values and then I can say bye to the bear market.
The bear market that occurred throughout 2022 made many frustrated and panic so that it sells with losses, now slowly the market starts rising and if we count an increase of more than 40%, this makes us have to be sure and no more panic for long -term holders, And I plan to hold Hold at least up to a year or more.
I hope you don't get frustrated and panic and sell your bitcoins 
.But it's true that that's what happened to many people because they weren't ready to see the decline happening to bitcoin. And those who can hold their bitcoins and not panic can now start smiling because slowly, their bitcoins have started to show what percentage of their profit level. And some people want to buy more bitcoins while the price is still not high.
The bear market that occurred throughout 2022 made many frustrated and panic so that it sells with losses, now slowly the market starts rising and if we count an increase of more than 40%, this makes us have to be sure and no more panic for long -term holders, And I plan to hold Hold at least up to a year or more.
What I see now is that the party seems to have started too early and that's a bull trap if you asked me.
I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.
Yes, if there is something that we learn from history, is that we are still in the bear cycle even if we see this price increasing right now. I also think that this upward trend is for real, not a bear trap or something. Best case scenario is to top $30,000, and that will mean x2 of the lowest low.
And earlier I saw the price going above $24,000 and then we have some minor corrections to $23,800. Nevertheless this is just the first attempt, so I wouldn't be surprised to see second and third attempt before we surpassed $24,000 and then maintained it and go for the next big barrier of $25,000.
And earlier I saw the price going above $24,000 and then we have some minor corrections to $23,800. Nevertheless this is just the first attempt, so I wouldn't be surprised to see second and third attempt before we surpassed $24,000 and then maintained it and go for the next big barrier of $25,000.
Yep, that's correct. The fact that I start to agree with OP doesn't means that "tomorrow" we'll touch again the last ATH, nor that there won't be corrections, no.
The only news is that going under 15500 is becoming unlikely from now on.
What I see now is that the party seems to have started too early and that's a bull trap if you asked me.
I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.
Yes, if there is something that we learn from history, is that we are still in the bear cycle even if we see this price increasing right now. I also think that this upward trend is for real, not a bear trap or something. Best case scenario is to top $30,000, and that will mean x2 of the lowest low.
And earlier I saw the price going above $24,000 and then we have some minor corrections to $23,800. Nevertheless this is just the first attempt, so I wouldn't be surprised to see second and third attempt before we surpassed $24,000 and then maintained it and go for the next big barrier of $25,000.
I will not agree that we are out of bearish market until we have to reach june 2023, because their is every tendency that Bitcoin can rise today and fall tomorrow as i started previously in another thread as i stated. But i believe that Bitcoin if the bond is strong i will not say we are out of the bearish market
To play Devil's Advocate, the price may not be out of "a bearish cycle", but there are indicators that Bitcoin might go out of it soon, fundamental indicators.
HODLers are increasing, which also indicates that the sellers unburdening themselves from their "heavy loads" are absorbed by long term investors who are buying the DIP the sellers are causing. Those who are buying the DIPs during the bear cycle are the same people who are front-running everyone during the bull cycle.
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