Bye Bye Bear Market :) - page 8. | Bitcointalksearch.org

NeuroticFish

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Quote from: Mpamaegbu on January 31, 2023, 11:13:26 AM

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.

fzkto

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Quote from: Mpamaegbu on January 31, 2023, 11:13:26 AM

I won't hastily say we're out of the woods right now even with all the rally going on with Bitcoin price. I think it's too early to preempt the market. The breakout in the weekly chart OP put out here could also retrace and then wipe out accords with high leverage (for those on Futures trade) as it's quite expected for price to retest its breakout position before moving on. It's a given that Bitcoin will do well this year but I expect that to come up in the last quarters of this year, not now. 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 also think it's too early to say that we have entered a bull run phase, but there are actually a lot of signs of that. Bitcoin, for example, has been rising for over a month. Some of the altcoins have already shown great growth. Some are near resistance and should start to show growth soon as well. So we do have signs of a new rally.

Mpamaegbu

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I won't hastily say we're out of the woods right now even with all the rally going on with Bitcoin price. I think it's too early to preempt the market. The breakout in the weekly chart OP put out here could also retrace and then wipe out accords with high leverage (for those on Futures trade) as it's quite expected for price to retest its breakout position before moving on. It's a given that Bitcoin will do well this year but I expect that to come up in the last quarters of this year, not now. What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

GeorgeJohn

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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

AverageGlabella

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I Hope it is the end of the bear market it has been going on too long and was starting to get to me despite trying my best to remain positive. Seeing some of my investment recover has been nice I just hope I do not have to go through what we went through the last 6 months because it has been difficult.

EarnOnVictor

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Quote from: ImThour on January 23, 2023, 01:09:41 PM

Bitcoin 2018 vs 2022:

1. 7 MA crossing 25 MA.
2. Bitcoin broke the resistance trendline.
3. End of Bear Market, bottom is in.

Although Bitcoin is bullish in the long-term outlook, it's still too early to say the bear market has ended, the year just started. The MA crossing you relied upon can fail as it did many times in the past, so there is nothing affirmative yet. However, the trendline is a more reliable guide in this condition, but my weekly chart looks so different from yours as you can see below. My weekly trendline has dotted the same levels you claimed, and it's showing that the trendline was broken since last year October and has remained above the level till now.

STT

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The price today slipped from holding weekly and 2 day to only just about holding onto the weekly. Losing 2 day average despite the higher prices recently is a sign we can lose momentum and reset back to the lower 20k's before we try the higher end of the 20k range. 25k seems to be quite pivotal for now and we've slowed dramatically the gradient by which we are gaining.
Right over head of us, not quite a ceiling touch but close by are much longer term measures like the yearly 50 week average and the 200 week both of which are descending and are fair warning we should not remember the overall market needs more time then just traders do to recover and turn around.

yohananaomi

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Quote from: 19Nov16 on January 28, 2023, 11:16:03 PM

The market is always unpredictable, when we hope too much that the price will continue to rise but sometimes the price drops significantly, but if there are no big issues like LUNA or FTX I'm sure the price of bitcoin will continue to rise because user demand is very high especially more and more companies are serious about it developing bitcoins.

LUNA and FTX events as well as previous cases and do not rule out what will happen in the future with other cases, is a phenomenon that will continue to be one of many that will affect the crypto price situation because it triggers the fear that occurs from investors to refrain from trading temporarily time until the situation was under control again. but this incident will never stop and will continue to be repeated and will be part of the development of crypto itself, it's just a matter of how to anticipate this situation so that it doesn't drag on too late.
I am sure with you, that bitcoin will continue to increase because the demand is indeed quite high and the availability is indeed limited and many need it resulting in an economic law to occur, where a lot of demand but little availability will result in an increase in price.

Sebas.tian

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Quote from: GreatArkansas

I am still positive that we will not yet start yet the bull market, maybe more sideways but no more dumps just like what we experienced last year. Last year is the best example of a bear market which we saw drastically drop from an all-time high and most of the altcoins are also dumping. Since Bitcoin block halving is next year, maybe the first quarter of this year is still not sure for me, I am still bearish.

Yes, no more dumping in this season because there are some signs the crypto market price is displaying that is making traders to feel the bearish market is over. The bearish market is still still on in the market but the price will not decrease more than $23,232 before it will increase higher for the traders to have full confident that the bullish will definitely appear before the end of next sixth month. Based on the crypto market news this morning, showed that there is still hope for those that missed last year opportunity, to use this precious time to buy Bitcoin and hold for the bullish to takeover the market before they can sell to make something good.

bbc.reporter

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Quote from: Lucius on January 26, 2023, 10:35:50 AM

Quote from: bbc.reporter on January 25, 2023, 09:12:29 PM

The best argument for bye bye bear market is Asian countries with the highest adoption of bitcoin and the cryptospace are beginning to buy now which might help avoid bitcoin from dumping lower. It might also be good to start closely following the news from Asia on crypto regulations and developments to have some idea on what might the future appear like.

I don't underestimate the Asian markets, but I think that the purchasing power is still much stronger in the west, although it is obvious that people in countries with a lower standard are far more interested in Bitcoin. According to some research, Vietnam, the Philippines and India are in the top 5 countries according to the global adoption index, but at the same time, from time to time we get bad news from India about how they want to ban cryptocurrencies or increase already high taxes.

Quote from: bbc.reporter on January 25, 2023, 09:12:29 PM

Something similar to this news, in China, they appear to have begun reversing their policies against digital assets starting with NFTs.

I would say that it is quite unrealistic to expect that China will change its attitude towards Bitcoin, but it does not surprise me that this attitude can change when it comes to some other forms of crypto assets. Absolute control has always been China's first priority, and they certainly cannot achieve that when it comes to Bitcoin. In addition, a complete change of policy towards the entire sector would mean that they admit that they were wrong, and the communists avoid that at all costs.

However, did the first market pumps after a bear market not always begin in Asia before the western countries and everyone else began to notice what was really happening? Was this not always what occured in the past? I speculate that it might not be much different when the next bull market arrives again.

The storyline might again be people from Asia will be the first to arrive and the westerners will be the last with much of them again the people who will be dumped on.

19Nov16

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The market is always unpredictable, when we hope too much that the price will continue to rise but sometimes the price drops significantly, but if there are no big issues like LUNA or FTX I'm sure the price of bitcoin will continue to rise because user demand is very high especially more and more companies are serious about it developing bitcoins.

buwaytress

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Quote from: Dave1 on January 28, 2023, 04:59:15 AM

Quote from: Wind_FURY on January 25, 2023, 06:17:39 AM

It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

Yes, this is also what I'm seeing here back in 2019 when we are still in the beginning of the year if I'm not mistaken, there was huge spike. But that time it was said that the spike was brought by 3 big whales who collude to push the price up. After that the price did go down again.

Perhaps this might be the case here this 2023, just like what we are seeing, the price suddenly goes to $23k and not stopping.

And probably the ceiling will be $25k before we might go for a correction.

Painful to admit as it may be, this is also how I see this. Can't dismiss that the sell walls are down... We were, after all, trading below the old ATH for a really long time and that has never happened before so we could still see this line hold as extreme support. But on the other hand, sellers only get exhausted for so long and this could just be a correction before we see long term sentiment and general economic outlook begin their sustained pressures.

All that, nevertheless, cannot fight eventual supply pressure from halving in just over a year.

Dave1

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Quote from: Wind_FURY on January 25, 2023, 06:17:39 AM

It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

Yes, this is also what I'm seeing here back in 2019 when we are still in the beginning of the year if I'm not mistaken, there was huge spike. But that time it was said that the spike was brought by 3 big whales who collude to push the price up. After that the price did go down again.

Perhaps this might be the case here this 2023, just like what we are seeing, the price suddenly goes to $23k and not stopping.

And probably the ceiling will be $25k before we might go for a correction.

CageMabok

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Quote from: Pejoh Asu on January 27, 2023, 11:03:58 PM

The FTX case is slowly disappearing even though investors are still crying because they have lost their money, now we should hope positively that 2023 is a recovery year to reach prices that can skyrocket again, and the big news that will happen soon is that many countries will soon accept bitcoin so that the number of users increases so that automatically will automatically make bitcoin more actively used.

How do you know that big news will come in the near future which is likely to affect the price of Bitcoin? Because good news for Bitcoin is always there, but I haven't heard about the big news that you mean so I'm a little surprised when you say it like that. In terms of recovery, I believe that at the beginning of this year Bitcoin is indeed recovering, but I still don't think that the level of recovery that is happening can immediately become bigger.

Fredomago

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Quote from: Mahanton on January 27, 2023, 06:33:45 PM

Quote from: Yatsan on January 27, 2023, 06:12:46 PM

Hopefully. Indeed the market price crossed the lines which causes confusion to hether we are already done with the dumps or still at risk for a market downfall. Well, on my end, I do still see tendencies that the market price will still fall. Why? That is just how this market works; volatility. We do not even know what is the exact reason of the pump recently and that is enough for me to believe that anything could still pull its price down again. Much better than to create unrealistic ideas about this industry again. Also, it is still early and the year has just began. But even so, I am glad there is a recovery after months of red market marks since last year.

Better make yourself that prepared for whatever things that might happen ahead.This is the key that you should be having on your mind so that you wont really be that much impulsive on how things should really be doing considering about this unpredictable market.We cant be sure if the bear market is over or really just still lying ahead, there's no way to point out on what would be the condition would be.For now we can make out some positioning to assure off our entry in regarding with our buys but its really that mind boggling if the market would be heading up towards 25k or would really be still playing around sub par 20k price.
Its hard to determine honestly but we cant really just let ourselves waiting up on something which isnt really that even assured.

Not on the position to conclude what the market will offer in the next following weeks, but I understand your concern, it's better to be prepared just in case you can't avoid what will be the next market run and you already have your assets, either to keep buying or just hold and let the market move accordingly as long as you already set your target and you are convince that the market will soon favor your position.

Better to be calm and just wait if you will be able to anticipate the right direction and be rewarded from your investment.

dansus021

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I hope this is true at least if bitcoin back to a bull market again we are gonna see altcoin season and maybe we are all gonna see green portfolio again. but in the other hand bitcoin need to retest at 20K and must be bounce back at that position so we can really see bull season

yohananaomi

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Quote from: Oasisman on January 25, 2023, 11:33:15 PM

Quote from: Nrcewker on January 25, 2023, 12:12:47 PM

-*-

I'm one of those who think we're not done with the bear market yet, unless it crosses back again at above $30k. When Btc reaches that level, people would start a panic buying, thus causing another pump.
However, it's still not the case currently. Not much to hope for a bull market in 2023. So, let's not get comfortable yet and accumulate more Btc's while it's still considered affordable.

it seems like me too and I still have confidence in economic analysts about the world economic situation in 2023, which shows that it is still in a crisis situation and it doesn't appear that there will be any change until maybe the first quarter of this year, so I totally agree with you that there is no thought that it is indeed a bear market situation has passed and started to enter the bull market. it seems that what is expected at this time is that the crisis that is feared will indeed pass soon and can be controlled by many countries.
it seems that in 2023 no surprises can make a difference, so there will be significant changes to bitcoin.

Pejoh Asu

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Quote from: noormcs5 on January 27, 2023, 06:34:36 PM

Quote from: Don Pedro Dinero on January 25, 2023, 07:20:42 AM

Quote from: Wind_FURY on January 25, 2023, 06:17:39 AM

Plus because of Quantitative Tightening/reduction of the money supply implemented by the Federal Reserve, and other Central Banks in different regions around the world to fight inflation, there might come a deflationary cycle that might cause a depression and pull asset prices down because of low demand. I know that it's debatable, but it's not impossible in my opinion.

<...>

It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

I too believe that the worst is over but I think we are still in for many ups and downs, as well as months of sideways movement in some cases. There is not a lot of money in circulation and that means there is not a lot of money to invest, plus we are some time away from halving.

If the central banks change their rate policy, more money will flow to bitcoin, and after the next halving we will surely enter a clear bull run, but until then I don't expect much joy.

I hope too that the worst for the crypto is already over and we never see the events like ftx crash ever again. No other exchange should scam and we could believe that we are heading towards the bull season.

For sure, the bitcoin movement cannot be is a straight upward line. There will be up and downs in price movement but the overall thread should be in upward direction.

The FTX case is slowly disappearing even though investors are still crying because they have lost their money, now we should hope positively that 2023 is a recovery year to reach prices that can skyrocket again, and the big news that will happen soon is that many countries will soon accept bitcoin so that the number of users increases so that automatically will automatically make bitcoin more actively used.

noormcs5

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Quote from: Don Pedro Dinero on January 25, 2023, 07:20:42 AM

Quote from: Wind_FURY on January 25, 2023, 06:17:39 AM

Plus because of Quantitative Tightening/reduction of the money supply implemented by the Federal Reserve, and other Central Banks in different regions around the world to fight inflation, there might come a deflationary cycle that might cause a depression and pull asset prices down because of low demand. I know that it's debatable, but it's not impossible in my opinion.

<...>

It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

I too believe that the worst is over but I think we are still in for many ups and downs, as well as months of sideways movement in some cases. There is not a lot of money in circulation and that means there is not a lot of money to invest, plus we are some time away from halving.

If the central banks change their rate policy, more money will flow to bitcoin, and after the next halving we will surely enter a clear bull run, but until then I don't expect much joy.

I hope too that the worst for the crypto is already over and we never see the events like ftx crash ever again. No other exchange should scam and we could believe that we are heading towards the bull season.

For sure, the bitcoin movement cannot be is a straight upward line. There will be up and downs in price movement but the overall thread should be in upward direction.

Mahanton

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Quote from: Yatsan on January 27, 2023, 06:12:46 PM

Hopefully. Indeed the market price crossed the lines which causes confusion to hether we are already done with the dumps or still at risk for a market downfall. Well, on my end, I do still see tendencies that the market price will still fall. Why? That is just how this market works; volatility. We do not even know what is the exact reason of the pump recently and that is enough for me to believe that anything could still pull its price down again. Much better than to create unrealistic ideas about this industry again. Also, it is still early and the year has just began. But even so, I am glad there is a recovery after months of red market marks since last year.

Better make yourself that prepared for whatever things that might happen ahead.This is the key that you should be having on your mind so that you wont really be that much impulsive on how things should really be doing considering about this unpredictable market.We cant be sure if the bear market is over or really just still lying ahead, there's no way to point out on what would be the condition would be.For now we can make out some positioning to assure off our entry in regarding with our buys but its really that mind boggling if the market would be heading up towards 25k or would really be still playing around sub par 20k price.
Its hard to determine honestly but we cant really just let ourselves waiting up on something which isnt really that even assured.

Topic: Bye Bye Bear Market :) - page 8. (Read 1748 times)