I really dont like the moon slogan or anything resembling that. I want to hear fundamentals improving, efficency, population and utility of BTC increasing before I want the price to rise. If it goes up alot and its all just empty hype then its going to damage the beast on a nasty fall. I like BTC just for its idea and impossible made real, genuinely how it can help people in a unique way.
Put it this way if price rises too much too fast, its actually representing volatility. A large change in price shows inaccuracy in the market to previously reflect the correct value, its very ironic but can easily end up a negative. Combine that with actual selling and holders who have no interest in use of BTC and I dont like how that turns out, it wont be a downward trend or anything as neat as that
Topic: Downward Trend (Read 1162 times)
Everybody wants to fight that downtrend. Everybody wants to read about the news that says Bitcoin is Going to The Moon tomorrow! Not many want to read the news that says Sorry Bitcoin Price is going down after the parabolic. It is human nature to see the market as we want to see it, not how it really is.
sure it'll go down after the parabolic move but where is the top of the parabola? it doesn't look like $13.8k was it. even the short term downtrend has now been broken with yesterday's higher highs. i think bears fighting the uptrend have more to worry about than anyone else.
Everybody wants to fight that downtrend. Everybody wants to read about the news that says Bitcoin is Going to The Moon tomorrow! Not many want to read the news that says Sorry Bitcoin Price is going down after the parabolic. It is human nature to see the market as we want to see it, not how it really is.
You are right but that is just the way things are, most investors have an entry strategy but they do not know when to get out of the market so they are expecting for the price of bitcoin or any other asset to always go up, which we know is not realistic, I personally prefer that the price does not grow as much anymore and while this could be a strange posture for some my reasoning is that the higher we go the faster it will go down, if bitcoin were to stop its growth now and it went down I am sure we could see a stable price of 7k or 8k which is not bad, but if its goes parabolic we could see prices of 5k or even lower when the price finally crashes. Everybody wants to fight that downtrend. Everybody wants to read about the news that says Bitcoin is Going to The Moon tomorrow! Not many want to read the news that says Sorry Bitcoin Price is going down after the parabolic. It is human nature to see the market as we want to see it, not how it really is.
actually the problem is when people start confusing corrections with "downward trends" and a simple rise with "going to the moon". when they exaggerate every movement without thinking about it, that is when things start to fall apart for them.
as you can clearly see now what we had was a simple correction after the rally that we had. some got over excited and thought "bitcoin price is going down" and lost money because of it.
You are correct mate, but that's what some people do, they overreact on a certain situation.
I am bullish by nature as I'm more on long term trade and in case I see the price going downtrend I would think it's just a correction but if it's rising, I would think it's going to the moon, some people like me are just bias in their opinion.
Everybody wants to fight that downtrend. Everybody wants to read about the news that says Bitcoin is Going to The Moon tomorrow! Not many want to read the news that says Sorry Bitcoin Price is going down after the parabolic. It is human nature to see the market as we want to see it, not how it really is.
actually the problem is when people start confusing corrections with "downward trends" and a simple rise with "going to the moon". when they exaggerate every movement without thinking about it, that is when things start to fall apart for them.
as you can clearly see now what we had was a simple correction after the rally that we had. some got over excited and thought "bitcoin price is going down" and lost money because of it.
The last dip was a fakeout. It's looking more bullish than a few days ago. To me, it looks like a bullish triangle has formed over the past 5 days. Still need to wait for breakout confirmation though.
Looking for a clean break of the $11,700 or $11K areas to determine direction.
Looking for a clean break of the $11,700 or $11K areas to determine direction.
We got our breakout:
Short term, it looks like this triangle thrust still has some legs and will go higher. However, I'm hesitant to say yet if we're going straight back to the parabolic uptrend. We might still be stuck in a larger sideways for a while. I'm not sure. It looks like that dip to $9,650 was the bottom now though.
There are dead cat bounces on opposite directions as well, not many people realize this but when a coin goes really high (not just bitcoin) then there are sellers who have been holding it for some time that want to get rid of it. We haven't been above 13k in a looooong time so when we reached there people just wanted to sell and get out of the market or maybe buy cheaper or just wait on what they want to do.
However, the reasons why we went up didn't change, they sold and price went down but then just like how we reached 13k+ before it went up once again because the path of bull is still clear with no valid obstacles in path. Just focus on the sellers and you will see that the less sellers we have the higher price will go. It is just time for bitcoin to go above 20k once again and break that record ffs.
However, the reasons why we went up didn't change, they sold and price went down but then just like how we reached 13k+ before it went up once again because the path of bull is still clear with no valid obstacles in path. Just focus on the sellers and you will see that the less sellers we have the higher price will go. It is just time for bitcoin to go above 20k once again and break that record ffs.
Everybody wants to fight that downtrend. Everybody wants to read about the news that says Bitcoin is Going to The Moon tomorrow! Not many want to read the news that says Sorry Bitcoin Price is going down after the parabolic. It is human nature to see the market as we want to see it, not how it really is.
The last dip was a fakeout. It's looking more bullish than a few days ago. To me, it looks like a bullish triangle has formed over the past 5 days. Still need to wait for breakout confirmation though.
Looking for a clean break of the $11,700 or $11K areas to determine direction.
Looking for a clean break of the $11,700 or $11K areas to determine direction.
After the increase that we are undergoing and we are facing, a new downturn is going to happen again.
Every new year's high will be the level that people will start selling. In my opinion, there are a lot of investors that will start selling when the price will hit around 15k. So there are still many triangles to be formed.
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The last dip was a fakeout. It's looking more bullish than a few days ago. To me, it looks like a bullish triangle has formed over the past 5 days. Still need to wait for breakout confirmation though.
Looking for a clean break of the $11,700 or $11K areas to determine direction.
Looking for a clean break of the $11,700 or $11K areas to determine direction.
I think $11k is a starting point to increase again. If the price can break the higher price in this week, then I think the price will slightly increase to the next point price, and it will go to the next target price which is at $12k. We still have much time to see the price increases and the point is we need to prepare our bitcoin in the market so we can sell at a higher price at any time.
There still is no bearish trend, we have not even left the upward trend. Still sideways and here is my view for the moment of us challenging the upper band of the channel in place for months now. It must fail many times it seems to really encourage any selling pressure and then we can talk about downward trend. I keep looking but its not there yet
it does depend on the time frame , if you take a month's period we are still in an upward trend
also today only bitcoin gained around 750$ and is testing 12.000$
but if you take this fortnight , we are down from 13.500 $ to almost 9980 at some point
and only huge buying volumes on a Friday , if I'm not mistaken , allowed the price to return back into the 10-11k area
with so much volatility a 10% up and down is not even a correction - its a fluctuation
The last dip was a fakeout. It's looking more bullish than a few days ago. To me, it looks like a bullish triangle has formed over the past 5 days. Still need to wait for breakout confirmation though.
Looking for a clean break of the $11,700 or $11K areas to determine direction.
Looking for a clean break of the $11,700 or $11K areas to determine direction.
Is current crypto downward trend only temporary?
Every crypto price downward trend is temporary.And every crypto price upward trend is temporary as well.This is the nature of markets.By the way,I wouldn't call it a "trend" because it's not long term enough.
Maybe we should call it a price spike,not a trend.
Or more like a pump and dump, but we believe BTC has a future, and therefore as a holder we should not allow that pump and dump affected us.
We look on the overall movement of the price, forget about the pump and dump or whatever you call it, we cannot deny BTC from $3200 now valued at $11400, then compare and see how big it has rise already.
[The real bull run has not started yet. Bitcoin is stable between 10,000$ to 12000$ and we are again in the accumulation phase. Once we would have enough accumulation of bitcoin then we might see another pump of bitcoin which will take bitcoin above 15K.
I think bull run already is happening. Look at how the price surge from starting this 2019 up to the present. Bitcoin had been on $3k + then it is on $11k plus now so what do you call this trend? I can't call this a bear market nor it is going sideways. If we look at the chart it recorded several higher highs and lower high << a sign of Bitcoin bull market.
sometimes people expect bitcoin price to have gone up every morning that they check the price. so when they check it today and see it is $11200 and tomorrow it is still $11200 they think it must no longer be a bull run!!!
but in reality you are correct. we are in a bull run this year. so far we have witnessed a >260% rise this year which is phenomenal even if we don't see any more rises this year!
as for sideways which you mentioned, we are in a sideways market but only right now (in short term). which is natural after such a big rise and before the continuation of the rise.
Is current crypto downward trend only temporary?
Every crypto price downward trend is temporary.And every crypto price upward trend is temporary as well.This is the nature of markets.By the way,I wouldn't call it a "trend" because it's not long term enough.
Maybe we should call it a price spike,not a trend.
There still is no bearish trend, we have not even left the upward trend. Still sideways and here is my view for the moment of us challenging the upper band of the channel in place for months now. It must fail many times it seems to really encourage any selling pressure and then we can talk about downward trend. I keep looking but its not there yet
Is current crypto downward trend only temporary?
I think it's just a correction, it's normal, but the trend is not bearish, the trend is totally bullish and, from Wyckoff's point of view, we are in a phase that is the beginning of the uptrend.Some technical analysts claim that it is a Chartist figure, the one that can divide it, most have agreed with the indicators they use, from the point of view of the volume and their analysis may be increasing, since bitcoin is increasing without volume, this causes the supply to disappear and to open places at new demand prices.
[The real bull run has not started yet. Bitcoin is stable between 10,000$ to 12000$ and we are again in the accumulation phase. Once we would have enough accumulation of bitcoin then we might see another pump of bitcoin which will take bitcoin above 15K.
I think bull run already is happening. Look at how the price surge from starting this 2019 up to the present. Bitcoin had been on $3k + then it is on $11k plus now so what do you call this trend? I can't call this a bear market nor it is going sideways. If we look at the chart it recorded several higher highs and lower high << a sign of Bitcoin bull market.
For bitcoin yes its only temporary, looking back how the btc progress this year we can say even the price plunge to $8k-$9k its still good enough since we started at $3k in the first quarter thus dont think this downtrend as negative.
For altcoins unfortunately some of these coins will remain in their current status so it might not temporary, if they cant manage to increase then it will stay at the bottom unless there's a big news that can affect their price.
For altcoins unfortunately some of these coins will remain in their current status so it might not temporary, if they cant manage to increase then it will stay at the bottom unless there's a big news that can affect their price.
I guess both uptrend and downtrend is temporary because as we can see, they are performing a cycle. Price fluctuation is kinda crazy in Bitcoin market. Depends on the market sentiment we can see several changes from uptrend to downtrend, sideways then vice versa. And I think this is just normal.
For bitcoin yes its only temporary, looking back how the btc progress this year we can say even the price plunge to $8k-$9k its still good enough since we started at $3k in the first quarter thus dont think this downtrend as negative.
For altcoins unfortunately some of these coins will remain in their current status so it might not temporary, if they cant manage to increase then it will stay at the bottom unless there's a big news that can affect their price.
For altcoins unfortunately some of these coins will remain in their current status so it might not temporary, if they cant manage to increase then it will stay at the bottom unless there's a big news that can affect their price.
It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.
It hasn't move below yet, but I'm afraid it will move down as it struggle to rise over $11500 again, but I hope you and I are wrong, I like bitcoin to finally stabilize at $12,000 this month.
I seen the price stabilize at that range of $11K but not moving some bigger increases. The situations needs enough time to develop a better price increase in order to achieve another rising trend.
It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.
It hasn't move below yet, but I'm afraid it will move down as it struggle to rise over $11500 again, but I hope you and I are wrong, I like bitcoin to finally stabilize at $12,000 this month.
Is current crypto downward trend only temporary?
Obviously Yes mate,were still in bull market as you can see so nothing in particular that we can say downward is bearishness of market again since that’s not true for nowAnd I believe that correction always follow the uptrend so basically this maybe a correction from the pump or $14,000 recently while we still sits are $11,000-12,000 respectively
The real bull run has not started yet. Bitcoin is stable between 10,000$ to 12000$ and we are again in the accumulation phase. Once we would have enough accumulation of bitcoin then we might see another pump of bitcoin which will take bitcoin above 15K.
It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.
I'm not getting into the negative side. Indeed, we are in the bull run stage and prices will surely be soaring high back again just like it did in many previous bull runs. It may be we have that price after the bullish but for now, it looks like it never happens. Let us be heated the bullish market and not thinking the way it fall.Volatility in the crypto market is a perfectly normal thing, we can`t expect non-stop increasing prices, it`s ridiculous. What makes the difference between making and losing money is the ability to recognize the trend and act accordingly, buy in bullish and sell in bearish trends. Being positive or negative doesn`t change anything really, some people call for a price to drop under $10k so they can buy again, the same people who sold at $12k.
It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.
I'm not getting into the negative side. Indeed, we are in the bull run stage and prices will surely be soaring high back again just like it did in many previous bull runs. It may be we have that price after the bullish but for now, it looks like it never happens. Let us be heated the bullish market and not thinking the way it fall. It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.
If sellers can take it down through $11,300 (the last bull flag support) and hold it there, I'm inclined to agree, at least for a retest of the $10K-$10,300 area. The last two times we've corrected during this rally, we held below the 20-day MA and consolidated. Right now the 20MA is near $10,900.
$8,800-$9,100 is the most interesting target area to me, but I'm not even convinced we'll see $10K again yet.
It is at $11,500 right now but I speculate it will move down to $9,500 in the next few days.
Is current crypto downward trend only temporary?
Obviously Yes mate,were still in bull market as you can see so nothing in particular that we can say downward is bearishness of market again since that’s not true for nowAnd I believe that correction always follow the uptrend so basically this maybe a correction from the pump or $14,000 recently while we still sits are $11,000-12,000 respectively
the answer is - we do not know
ABC correction , downward trend or just a calm before the storm - only the time will tell
a few days ago only an intervention of some buyers helped the price not to drop below 10.000 mark for long , it crossed it and was at 9890$ for a moment
now it is steady (sic) in the 10.500-11.500 area and seems that the volumes are not high enough to move it any way up or down substantially
I hope it stays here for the time being , much better than the 5.000$ mark , isn't it ?
in any case , long term holders do not care much about a 1-2-3k growth or fall in price
ABC correction , downward trend or just a calm before the storm - only the time will tell
a few days ago only an intervention of some buyers helped the price not to drop below 10.000 mark for long , it crossed it and was at 9890$ for a moment
now it is steady (sic) in the 10.500-11.500 area and seems that the volumes are not high enough to move it any way up or down substantially
I hope it stays here for the time being , much better than the 5.000$ mark , isn't it ?
in any case , long term holders do not care much about a 1-2-3k growth or fall in price
It broke $12k already, 24 hours high in Binance is $12,000, see here - https://www.binance.com/en/trade/BTC_USDT
Right now I see the price in red because since midnight we pulled back at a bit but thats false perspective I guess as the chart itself shows us climbing higher above what could have been resistance. We're above the 8 day trend and also a channel which I thought might cap our gains for the moment. Last time we climbed above the roof like this we took off to 13k because there is little price action in this area compared to sub 10k
So long as we're above 11,500 I assume we are very positive. I cant really look for negatives till we close below that point on a 4hr bar at least
Bitcoin is the most volatile cryptocurrency and is not easy to trade. One has to have a strong mind to not panic sell on deeps which can wipe off 40% in a few hours.
To say BTC will go up or down in actual market condition is a pure gamble.
All indicators and all charts on different time intervals show different readings and even experienced traders having hard times to predict something.
There are exactly equal chances that BTC will go up or down and nobody knows if this will be fast or slow.
This is sure that we are in a very exciting moment in the Bitcoin price history and coming weeks will bring us needed answers to our question, what next?
To say BTC will go up or down in actual market condition is a pure gamble.
All indicators and all charts on different time intervals show different readings and even experienced traders having hard times to predict something.
There are exactly equal chances that BTC will go up or down and nobody knows if this will be fast or slow.
This is sure that we are in a very exciting moment in the Bitcoin price history and coming weeks will bring us needed answers to our question, what next?
Is current crypto downward trend only temporary?
It was a normal one, as we faced extremely upward trends.
A correction was needed in order to bring the market in a normal level. However, I don't really know what it happens with altcoins. They should follow so sharply the downturn.
Market is back up and those who had sold in hastily are now repenting as it has reached to 11700$ now and thus will rise and cross 12k. So those who had bought at dip time have made money now and if hold it will continue to grow their money from this market as it is growing and will move upwards easily.
I'm interested in downward trend and will keep looking but so far it aint happening just sideways
Many wants to have more while we're on the downtrend but tonight is a good night.Price is trying to break through $12k once again.
It broke $12k already, 24 hours high in Binance is $12,000, see here - https://www.binance.com/en/trade/BTC_USDT
I'm interested in downward trend and will keep looking but so far it aint happening just sideways
Many wants to have more while we're on the downtrend but tonight is a good night.Price is trying to break through $12k once again.
Really bouncing up against a ceiling of weekly averaged price which would make BTC action still quite buoyant. If we pull out further on the graph then still, we have yet to break the daily trend of rising prices. I'm interested in downward trend and will keep looking but so far it aint happening just sideways
You are right, Bitcoin seems already back, as of this writing, Bitcoin already hit $11,879.39 posting a 10.33% already.
The bigger it falls, the harder it also bounce back, this is the bullish Bitcoin that we know.
ref : https://coinmarketcap.com/currencies/bitcoin/#markets
Really bouncing up against a ceiling of weekly averaged price which would make BTC action still quite buoyant. If we pull out further on the graph then still, we have yet to break the daily trend of rising prices. I'm interested in downward trend and will keep looking but so far it aint happening just sideways
Is current crypto downward trend only temporary?
Everything is temporary or nothing is permanent and this very much suitable for crypto prices as well.We saw $14000 at most in the price raise of this year but it only stayed for less than a day so we need to call it as temporary but the price drop is not going to keep continue we met the $10K below and now at $11K nalry so the situation keep changes.
A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.
Are you serious about the pull back to 2k levels 
, if so you need massive FUD that could create fear among major investors and then you might achieve those valuationWe didn't need massive FUD to take prices to $3K. What's another 35% drop from there? Doesn't seem impossible to me! Improbable based on the magnitude of demand seen this year, but definitely not impossible.
My personal opinion is we won't see anything below $7,500 again. That's assuming we've entered a new secular bull market.
A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.
Are you serious about the pull back to 2k levels , if so you need massive FUD that could create fear among major investors and then you might achieve those valuation 
but it is highly unlikely to see a valuation below $6000, people who thought they have missed the boat after seeing the huge rally will jump in seeing the correction and there is no way that the price will go down beyond what i said even if there is major bad news regarding regulation in some third world countries 
. A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.
Im not sure about 2k because that would make at least some people give up trying or paying attention to Crypto. I'm not saying they are correct but there is the fair weather crowd and theres the people who know all seasons to crypto and have judged its worth holding through winters as well as heady summer days.
The majority of interest might come in from the positive gains to BTC, we need a stronger backbone of business to really make this whole deal rise year on year. Overall there is no downward trend, BTC has kept rising long term and only pulled back quite harshly before recovering again.
Is current crypto downward trend only temporary?
It was a normal one, as we faced extremely upward trends.
A correction was needed in order to bring the market in a normal level. However, I don't really know what it happens with altcoins. They should follow so sharply the downturn.
A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.
Have this thing sorted out and giving us chances to fill our bag more BTC cause I'm too positive that it will surprisingly pump. Will have to believe that this year is a year for crypto and expected to have another ATH but it is quite not easy to look at. We are all aware of this dump and pump events and there is no need to lose our hopes. Stay calm.
A pullback to 2k ish would help to go parabolic in 2020! Even me as an "early" adaptor and hodler since 2014 would consider to buy some more coins for 2k with all I have saved over the years.
Is current crypto downward trend only temporary?
I guess so because we are in the bullish period now, any downtrend is just a short correction, so temporary.
Yes, but we don't know how long this downtrend will be. I thought that the bleeding had stop, but by looking at the charts right now, its seems that they're panicking so say the least as the price continues to go down < $10000.
On the bright side, 4 digits again? Another perfect opportunity to get it, doesn't mean full BTC, just a small portion and see how this dip will go and continue to accumulate.
We are living on what we believe now, and I'm bullish this year, so I'll never get intimated of holding with all those FUDS or whatsoever.
The time has come and this year is gonna be a start of the recovery, and I know it will never be consistent going up but this will sure end up better than the previous year. So HODL! people...
Is current crypto downward trend only temporary?
I guess so because we are in the bullish period now, any downtrend is just a short correction, so temporary.
Yes, but we don't know how long this downtrend will be. I thought that the bleeding had stop, but by looking at the charts right now, its seems that they're panicking so say the least as the price continues to go down < $10000.
On the bright side, 4 digits again? Another perfect opportunity to get it, doesn't mean full BTC, just a small portion and see how this dip will go and continue to accumulate.
Is current crypto downward trend only temporary?
I guess so because we are in the bullish period now, any downtrend is just a short correction, so temporary.
Is current crypto downward trend only temporary?
I think so, this should be temporary because we are soon to end the year 2019 and the bull trend should start again for us no to fall on another bear market. We can’t say its just a temporary downtrend, as far as the chart movement is concern we are still on uptrend but we might see the sideways over the months.I would agree this is only temporary and I would call it correction. To my opinion it was kind of expected after so fast rise that usually don't last very long in continouity.
There is no reason for any panic and the price will recover. But it will not be so fast that price will go up to 15000$ or more.
The bullish run is interrupted but this is just temporary with lot of reasons like the usual minor corrections and some stolen Bitcoin from exchanges that are now being sold as we cannot expect some of these thieves to hold but they are always on instant money so keep holding your Bitcoin as this minor fall down is also an opportunity to buy cheap.
It are also the quick profit makers and chart traders who are doing there thing. I think it is to early to say a downtrend is started.
This was just a temporary price declination, and that's normally to occur specially when surges of btc price remain gradual at quicker instances. Short term traders will play with the market and will take profit from buy and sell. Don't get emotional on that certain situations, we'll still able to survive on this.
It is not a downtrend right now, its stabilizing right now, buyers bought as much as they can and the price went up and sellers sold as much as they were willing to these prices and right now they are about equals, price did went up to 13800 as I recall and right now around 11k so you may consider this a downfall but I think the price is still fine compared to what it used to be and we are still way more than we were just couple weeks ago when we were at around 8 thousand dollars.
So, all in all we are still doing just fine and need to wait for a bigger fall for consecutive days to call it a downward trend, just one big fall doesn't considered to be a "trend", a huge whale could sell all his coins and drop the price, would you call that a downward trend? You wouldn't, this is the same idea.
What we experienced too wasn't a perfect bull run, it is all about the increased investment that kept the market to boom big for a short time period. Now the investment has kept falling and the same has caused the fall in the marketcap which is getting reflected over the price of each and every cryptocurrency. So, all in all we are still doing just fine and need to wait for a bigger fall for consecutive days to call it a downward trend, just one big fall doesn't considered to be a "trend", a huge whale could sell all his coins and drop the price, would you call that a downward trend? You wouldn't, this is the same idea.
This trend will get continued for some period experiencing correction and further will be the growth that could take the price to the level from which it has begun to fall slowly.
It is not a downtrend right now, its stabilizing right now, buyers bought as much as they can and the price went up and sellers sold as much as they were willing to these prices and right now they are about equals, price did went up to 13800 as I recall and right now around 11k so you may consider this a downfall but I think the price is still fine compared to what it used to be and we are still way more than we were just couple weeks ago when we were at around 8 thousand dollars.
So, all in all we are still doing just fine and need to wait for a bigger fall for consecutive days to call it a downward trend, just one big fall doesn't considered to be a "trend", a huge whale could sell all his coins and drop the price, would you call that a downward trend? You wouldn't, this is the same idea.
So, all in all we are still doing just fine and need to wait for a bigger fall for consecutive days to call it a downward trend, just one big fall doesn't considered to be a "trend", a huge whale could sell all his coins and drop the price, would you call that a downward trend? You wouldn't, this is the same idea.
Is current crypto downward trend only temporary?
The bullish run is interrupted but this is just temporary with lot of reasons like the usual minor corrections and some stolen Bitcoin from exchanges that are now being sold as we cannot expect some of these thieves to hold but they are always on instant money so keep holding your Bitcoin as this minor fall down is also an opportunity to buy cheap.
Is current crypto downward trend only temporary?
I think so, this should be temporary because we are soon to end the year 2019 and the bull trend should start again for us no to fall on another bear market. We can’t say its just a temporary downtrend, as far as the chart movement is concern we are still on uptrend but we might see the sideways over the months.The situation repeats itself as, and same situation was happening all over again. There's no stable market right now, and if you've observed some declination of market value of your assets, don't be disappointed. Eventually we will survive this, and you will be able to sustain even though the gradual market change will randomly fluctuate then recover back the loss.
Is current crypto downward trend only temporary?
I think so, this should be temporary because we are soon to end the year 2019 and the bull trend should start again for us no to fall on another bear market. We can’t say its just a temporary downtrend, as far as the chart movement is concern we are still on uptrend but we might see the sideways over the months.
Going down for some days does not make it a trend. Its reset back to a positive trend, thats the correct perspective. It has to break below a positive uptrend line to begin talk of this downward trend even being a possible
Heres my view and I wont bother on detail so much but the white line is upwards and in my guess its indicative of a price trend positive over months. The longer you can draw a trend, the stronger it is and harder to break. Thats the backbone to the positive prices, it has two strands at least, we barely touched the first so far [to be fair its challenging but I suppose thats normal, imo it should anyway be between each strand not above]
Heres my view and I wont bother on detail so much but the white line is upwards and in my guess its indicative of a price trend positive over months. The longer you can draw a trend, the stronger it is and harder to break. Thats the backbone to the positive prices, it has two strands at least, we barely touched the first so far [to be fair its challenging but I suppose thats normal, imo it should anyway be between each strand not above]
Ups, highs, lows, downs are temporary.
Don't expect anything that will go up forever but there should be a dip that bitcoin has to go through to make itself show a better price.
Don't expect anything that will go up forever but there should be a dip that bitcoin has to go through to make itself show a better price.
And lest people forget, long term can mean anything between 2 years and 5 years, at least given the timeframe of Bitcoin's lifetime. If anyone thinks 1.5 years is long long long term, then they really need to adjust expectations. I really couldn't understand why people even thought the winter was over. It's not even really been much more than a year yet.
Time isn't a reliable metric regarding Bitcoin cycles. We can only look to the post-2011 and post-2013 charts to see how long the bear market took to complete. 2 data points makes for a very unreliable sample set.
Plus, let's look at the data from ATH to bottom. After the 2011 bubble, it took less than 6 months to find the ultimate bottom. After the 2013 bubble, it took 13 months. It wouldn't be atypical for the post-2017 bear market to take 12 months (December 2017 to December 2018) to find a bottom.
I really couldn't understand why people even thought the winter was over. It's not even really been much more than a year yet.
The market has done everything to indicate that the bottom is in with a very high degree of certainty. I don't blame people for being optimistic, but there is no valid point yet to be extremely bullish either. If we look at Bitcoin's history, it has always been very generous even in bull runs by providing people a second chance to buy lower.
I think people got blinded by the parablic increase and thought the price would shoot past the $20,000 level with ease. It's something we see when the price is going down as well, people always tend to exaggerate regardless of what direction the market is heading to. Price up is moon next month where price down is Bitcoin back to sub $1000 next month.
People wondering why they are wrong all the time should do the opposite of what they think should be done. Easy way to be wrong less often.
With BTC no need to panic like stock market. In past 2 months it performed much better and still trend is bullish, correction is always needed for healthy upward movement so that support level must be strong enough in future. Also continuous growth in BTC will not help alts market too so we need some break from btc bull run and need alts market dominance to get increased while BTC remains stable above 10k USD.
Today's dump from $12,500 to $10,800 (not 100% sure it's done yet) looks like an ABC correction. The momentum is fairly weak compared to the initial wave down to $10,300. Based on price action alone, I'm inclined to think we won't see sub-$10K here.
However, one piece of data just came in that throws a wrench into the mix! More than 20,000 BTC worth of shorts on Bitfinex closed into this last dump. That means less buy pressure to absorb more selling, or to fuel another leg up.
The last time shorts dropped like this was in mid-May, shortly before we crashed to $6,600 ($6,178 on Bitstamp). Very interesting! I'm standing back on the sidelines (no long or short) with fiat ready in case this decides to waterfall.
However, one piece of data just came in that throws a wrench into the mix! More than 20,000 BTC worth of shorts on Bitfinex closed into this last dump. That means less buy pressure to absorb more selling, or to fuel another leg up.
The last time shorts dropped like this was in mid-May, shortly before we crashed to $6,600 ($6,178 on Bitstamp). Very interesting! I'm standing back on the sidelines (no long or short) with fiat ready in case this decides to waterfall.
Is current crypto downward trend only temporary?
Absolutely not. After the $20k ATH bitcoin entered a long term and final downtrend (you need to ignore the recent price spike, because it's aberrant and irrational). Bitcoin will trend to sub $1k prices over the next couple of years because it's been proven by science to be a flawed project. A cool experiment, no doubt, but it didn't work. There will never be another ATH for bitcoin.
And lest people forget, long term can mean anything between 2 years and 5 years, at least given the timeframe of Bitcoin's lifetime. If anyone thinks 1.5 years is long long long term, then they really need to adjust expectations. I really couldn't understand why people even thought the winter was over. It's not even really been much more than a year yet.
But watch your steps, my friend. Your words have been oft repeated. The epitaphs where people were proven wrong when thinking we'd never see another ATH? They keep growing every ATH.
Is current crypto downward trend only temporary?
For how long you are in the crypto currency ? You need to define time frame in which you are asking this question.
In the short run bitcoin can be in a downtrend as we already touched 13000K a few days back but for a midterm to long term prospective bitcoin momentum is bullish.
bears put in a good effort pushing price below $11k this morning but it keeps getting bought back up. new lows below $10.3k are beginning to look less and less likely.
i think we'll be back at $14k within 2 weeks or so.
i'm pretty sure proudhon was bearish in the double digits. it takes a special kind of person to maintain this level of dedication.
anyone remember ElectricMucus? he was the king of the speculation forum trolls....
i think we'll be back at $14k within 2 weeks or so.
proudhon was posting that bitcoin was going to fail ever since way below $500.
i'm pretty sure proudhon was bearish in the double digits. it takes a special kind of person to maintain this level of dedication.
anyone remember ElectricMucus? he was the king of the speculation forum trolls....
Hopefully he's a paid troll, because if not he's the dumbest motherfucker in bitcointalk history.
bears put in a good effort pushing price below $11k this morning but it keeps getting bought back up. new lows below $10.3k are beginning to look less and less likely.
i think we'll be back at $14k within 2 weeks or so.
i'm pretty sure proudhon was bearish in the double digits. it takes a special kind of person to maintain this level of dedication.
anyone remember ElectricMucus? he was the king of the speculation forum trolls....
i think we'll be back at $14k within 2 weeks or so.
proudhon was posting that bitcoin was going to fail ever since way below $500.
i'm pretty sure proudhon was bearish in the double digits. it takes a special kind of person to maintain this level of dedication.
anyone remember ElectricMucus? he was the king of the speculation forum trolls....
proudhon was posting that bitcoin was going to fail ever since way below $500. Anyone listening to him or Warren Buffett missed out on the profit of a lifetime. These knucklefucks are the LAST people to take seriously now, given their proven track records of being completely and utterly wrong. That either of these idiots have the gall to continue to fud something that has proven them to be so stupid is pretty mind blowing - most people would have crawled under a rock and disappeared after being so completely discredited.
To proudhon and Buffet - even if bitcoin goes to zero from here, both of you will always be nothing more than dead wrong in your predictions, opinions, and assessments. That the price moved up exponentially after your warnings to stay away makes your words unworthy of listening to ever again. So just stfu.
To proudhon and Buffet - even if bitcoin goes to zero from here, both of you will always be nothing more than dead wrong in your predictions, opinions, and assessments. That the price moved up exponentially after your warnings to stay away makes your words unworthy of listening to ever again. So just stfu.
The true is that there is no downward trend we are only seeing some investors or traders taking profits from the recent gained. When they are done with that they will start to buy back again and the cycle continue until Bitcoin create another high above $20,000. As far as bitcoin is above $5000 I will said it is in upwards trend.
Is current crypto downward trend only temporary?
You need to understand first, how the prices are affected.
The price of BTC or any particular coin increases,
When the trading volume of the coin increases.
This is also termed as market cap of the coin.
And when it decreases the price also falls down.
So BTC will surely increase in the future.
It should be expected because tons of traders are playing with it. Especially those day traders which they want just to make some small amount of interest. Still, this will happen normally because it's not being controlled and a lot of changes happens from time to time.
Price up and down, trader should, really should to can make profit from it because there are a lot of strategy in trading, and we need to have that skill. Because out there, there are people who want bitcoin price to down again then they can buy it again. Is current crypto downward trend only temporary?
It is temporal because the forces of demand and supply will definitely push the market forward in no distant time from and you have a mind to invest please do it now so that you can gain more profit in the future when Bitcoin value will be at the top and become a house hold name all over the world.
Is current crypto downward trend only temporary?
Its not a downtrend but a pullback and I hope its temporary trend. The uptrend are still strong in the chart right now and the price are already stabilize on the price on $11k - $12k, this is a good sign that the price will no longer drop on that level, let’s hope for best price again.
want the price to start going back up? stop buying.
traders/bots trade against all new money that enters the game. ever notice when you buy some bitcoin the price goes down? this prevents someone(retail) with deep pockets to "buy" the market and make a quick buck. look at the prices since $13600 after a couple dead cat bounces, anyone who has bought has not had a chance to sell a pump for profit. Lower lows to lock in bagholders. could go on for awhile til the traders/whales feel they can start pushing the prices higher and not have many profit takers selling as the price goes back up. there is no free money in this game. be patient
traders/bots trade against all new money that enters the game. ever notice when you buy some bitcoin the price goes down? this prevents someone(retail) with deep pockets to "buy" the market and make a quick buck. look at the prices since $13600 after a couple dead cat bounces, anyone who has bought has not had a chance to sell a pump for profit. Lower lows to lock in bagholders. could go on for awhile til the traders/whales feel they can start pushing the prices higher and not have many profit takers selling as the price goes back up. there is no free money in this game. be patient
Is current crypto downward trend only temporary?
Depends on where you look. If you look at it for two days, it may seem permanent. But when you look at the 3 months, you can easily see the upward trend... It is possibly correction. Price will go up a bit later.
of course there will be oversold happen and it will obviously make the supply too large in the market, its reasonable if the price drops
It should be expected because tons of traders are playing with it. Especially those day traders which they want just to make some small amount of interest. Still, this will happen normally because it's not being controlled and a lot of changes happens from time to time.
Is current crypto downward trend only temporary?
We have increased so much in the last couple of months, so a correction is long overdue, which you call downward trend. But if you look at the price in the last 24 hours, bitcoin is up again by 10%, almost touching $12k. So this trend will be cyclical, because obviously, investors will take or book their profits that will cause the sudden downtrend, and then re-invest together with first time investors to push the price again, just like we are seeing right now.
Serious, week before we are on sub 10k, now we have 11.5k in the exact moment, we are good, very good
Indeed a down trend would suffer way worse than the dip we had. The battle is around 12k again at the moment and still pushing upwards. Is current crypto downward trend only temporary?
I don't know what you meant for "downtrend". Seeing concerns like this in social media concluding it's now a sign of a crashed.
You guys really forgot how much the price increases a while ago. So the sudden dip really puts you into the worried state.
Can you blame them? Imagine how many people FOMO bought in the $12,000s and $13,000s and now are totally underwater after seeing a 25% crash?
This is one of the things I love about Bitcoin. The bounces and shakeouts are so severe that no matter what direction the trend is, traders on both sides of the market experience deep drawdowns, stop runs, and liquidations. This is the volatility that riches are made from!
Buying the dip below $10,500 (as planned
) made for one of my single most profitable trading days this year. It's too bad that profit had to come from panicking investors like the OP! 
Is current crypto downward trend only temporary?
I don't know what you meant for "downtrend". Seeing concerns like this in social media concluding it's now a sign of a crashed.
You guys really forgot how much the price increases a while ago. So the sudden dip really puts you into the worried state.
Sensitivity at it's finest because of the sudden drop. Look at the bottom. That's what we need to determine in every price jump. We need more dips to test how prepared bitcoin price to make another journey to the moon. We don't want to see again an increase that a product of pure hype.
After the $20k ATH bitcoin entered a long term and final downtrend (you need to ignore the recent price spike, because it's aberrant and irrational). Bitcoin will trend to sub $1k prices over the next couple of years because it's been proven by science to be a flawed project. A cool experiment, no doubt, but it didn't work. There will never be another ATH for bitcoin.
Good to see you back, proudhon. I'm glad to see you're bearish.
What's all this about "scientific proof?"
Is current crypto downward trend only temporary?
The trend is your friend, until it ends. Bitcoin is still trading comfortably inside an uptrending channel. The bull trend is intact all the way up to the monthly time frame.
Sure it's possible we're in a secular bear market and the run to $13,800 was just a bull trap. But I'd rate the chances of that pretty low.
Calm down, we are not in a downward man
It's just correction and people dumping to start panick and buy again after weak hands sell
Serious, week before we are on sub 10k, now we have 11.5k in the exact moment, we are good, very good
It's just correction and people dumping to start panick and buy again after weak hands sell
Serious, week before we are on sub 10k, now we have 11.5k in the exact moment, we are good, very good
Is current crypto downward trend only temporary?
Absolutely not. After the $20k ATH bitcoin entered a long term and final downtrend (you need to ignore the recent price spike, because it's aberrant and irrational). Bitcoin will trend to sub $1k prices over the next couple of years because it's been proven by science to be a flawed project. A cool experiment, no doubt, but it didn't work. There will never be another ATH for bitcoin.
I wish you made some proof for this scientific research that you mentioned. I never heard of such thing.
Yes, it's true Bitcoin has some disadvantages and it's not perfect but so far we have heard so many predictions how Bitcoin will vanish and become worthless but something like that still didn't happen and honestly I don't think it will. No matter to all Bitcoin will survive and will have some good and some bad times, like everything else.
Is current crypto downward trend only temporary?
Absolutely not. After the $20k ATH bitcoin entered a long term and final downtrend (you need to ignore the recent price spike, because it's aberrant and irrational). Bitcoin will trend to sub $1k prices over the next couple of years because it's been proven by science to be a flawed project. A cool experiment, no doubt, but it didn't work. There will never be another ATH for bitcoin.
Says the user who had been here for too long.
I've read that PDF file related to money making which is about bitcoin. You must have read that too. When the price strikes to moon, his alt account keeps shouting to invest before its too late. But then after he had dumped his coin, he now had to spread fud using his old account for all to sell for which he can buy back.
I believe that this growth of Bitcoin is definitely not temporary, it will be fixed for many years and will reach 20,000 dollars this year.
It always not temporary cause we are living in a volatile market and it is not new to us for this scenario. Have this downward trend will never be consider a big loss for us, not unless if we come late. We are actually be at high price cause started at $3k this year and the current price is still x3 from it, which means that we are still profiting. 
Is current crypto downward trend only temporary?
Absolutely not. After the $20k ATH bitcoin entered a long term and final downtrend (you need to ignore the recent price spike, because it's aberrant and irrational). Bitcoin will trend to sub $1k prices over the next couple of years because it's been proven by science to be a flawed project. A cool experiment, no doubt, but it didn't work. There will never be another ATH for bitcoin.
Is current crypto downward trend only temporary?
Yes this is temporary or maybe we can say a correction after a huge pump up of Bitcoin and take note market is volatile everything is a temporary we can see a downtrend right now but in just a blink of eyes this can be change. Look at the chart of Bitcoin its say that Bitcoin is in bullish scenario.
I believe that this growth of Bitcoin is definitely not temporary, it will be fixed for many years and will reach 20,000 dollars this year.
If we're looking at the 6-month trend, we're still on the upsides actually. For the year-trend, we're still on the upsides, even if it goes back down to $8000. We have gained so much in just a span of 2 months that every blow we get up until $7000 would still be showing green on the charts. Also, buy orders seemed to have flocked the markets once more and we are back up to $11500, and we could be seeing more gains in the next coming days should the momentum remain the same.
In my opinion, this is just a spike of getting a bit hasty moving upward volatility is taken effect there is surely a slight change on pace but if we are in a bull run we will sure stay on that trend, And nothings gonna beat that, This sudden spike are just slight correction.
Temporary it is! Because even the upward trend right now is temporary because if this long term goal is reached and finish, come's bear market again, It will surely switch from trend to trend and you should learn how to catch that.
Temporary it is! Because even the upward trend right now is temporary because if this long term goal is reached and finish, come's bear market again, It will surely switch from trend to trend and you should learn how to catch that.
no the "crypto" downward trend is not temporary, most of the altcoins are going to remain on this downtrend until the reach their graves and disappear from the market. many of others will continued getting dumped for some more time before they reverse and see a pump or two and then drop significantly and die like the rest of them.
the bitcoin on the other hand doesn't have a downtrend anymore. the downtrend stopped about 6 months ago and what you are seeing in the past couple of days is an "upward" movement, don't let the small drop fool you, it was a simple correction.
the bitcoin on the other hand doesn't have a downtrend anymore. the downtrend stopped about 6 months ago and what you are seeing in the past couple of days is an "upward" movement, don't let the small drop fool you, it was a simple correction.
Is current crypto downward trend only temporary?
I think the fall of bitcoin is just a correction so there's nothing to worry about. It is normal if the price has reached ATH and then will experience a correction. The bitcoin trend is still bullish and I predict it will continue to reach $ 15,000.
Is current crypto downward trend only temporary?
Depends on how you interpret the situation. Dude, can't you see the uptrend is not that consistent and now just a little drop and you show a sign of panic. Just relax and we are still on the rise.
Is current crypto downward trend only temporary?
It is temporary, the price is already more than $11k, I think the price will return to $12-13k
Is current crypto downward trend only temporary?
seems like it recovered for now and moving up some again, think it will stabilize around 11-12k range before making the next move up or down. but it has to be a correction soon a big one it has gone up alot the last couple of weeks and no real correction, a correction always comes sooner or later.
Is current crypto downward trend only temporary?
Nope. Permanent. From here it will always be going down just a little bit. This is the start of the NEW crypto winter. Get your jacket - it's gonna be cold. Ice cold.
But is yours an affirmation based on logical grounds or is it just a sensation?
Is current crypto downward trend only temporary?
The price is still beating, for me bitcoin will go for head and shoulder until we reach the new peak. We can’t just be contented for a day of bull run and go back for another year of bear market, i’m still hoping for the better price. We still gave 2 quarters and I believe this will work better. Don’t panic if bitcoin dumps, its normal and you can’t change it. Is current crypto downward trend only temporary?
probably. all i see are higher highs and higher lows. this could go down near $7500 and still be considered a medium term uptrend. hopefully you can stomach another stab down like that. this kind of volatility is totally normal for bitcoin.
Is current crypto downward trend only temporary?
Nope. Permanent. From here it will always be going down just a little bit. This is the start of the NEW crypto winter. Get your jacket - it's gonna be cold. Ice cold.
Is current crypto downward trend only temporary?
This is just a correction from the previous pump don’t worry we are still in $10,000-11,000 price of bitcoin with this meaning the market is still in bull and nothing to be alarmed unless you have bought in this range also so lol.but just keep the holding mate.we have done the lowest value about $3,000 and we must be happy for this progress
I definitely think it's temporary.
Saw a prediction that said bitcoin is going up to 20k$ next month.
Saw a prediction that said bitcoin is going up to 20k$ next month.
No one knows if the downward trend is something temporary or something that is long. Time will tell you if we really are in a red situation. And there are also situations in the graph where it is just fluctuations of the coins so you need to consider that.
The "upward" trend is constant, if you look at the long-term and if you ignore the short term spikes. Every year the average price is a bit higher than the year before, so you should never let the short term volatility freak you out.
The last spike was triggered by renewed interest in Crypto currencies, when Facebook announced that they would launch it's own version of a Crypto currency and people started to buy Crypto currencies again, but that will only last for a short period. 
Every year the average price is a bit higher than the year before, so you should never let the short term volatility freak you out. The last spike was triggered by renewed interest in Crypto currencies, when Facebook announced that they would launch it's own version of a Crypto currency and people started to buy Crypto currencies again, but that will only last for a short period.
I agree with you. After all my adventures in the Crypto world, today I say that I wish I had kept the BTCs I bought the first day and continued to live my life. I'd have a better life today.
The "upward" trend is constant, if you look at the long-term and if you ignore the short term spikes. Every year the average price is a bit higher than the year before, so you should never let the short term volatility freak you out.
The last spike was triggered by renewed interest in Crypto currencies, when Facebook announced that they would launch it's own version of a Crypto currency and people started to buy Crypto currencies again, but that will only last for a short period.
Every year the average price is a bit higher than the year before, so you should never let the short term volatility freak you out. The last spike was triggered by renewed interest in Crypto currencies, when Facebook announced that they would launch it's own version of a Crypto currency and people started to buy Crypto currencies again, but that will only last for a short period.
Is current crypto downward trend only temporary?
Depends on where you look. If you look at it for two days, it may seem permanent. But when you look at the 3 months, you can easily see the upward trend... It is possibly correction. Price will go up a bit later.
Is current crypto downward trend only temporary?
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