Weekly close doesn't look so strong for major top now. Some weeks of coiling and a rapid pump and dump would look like a real top. Imagine how shitty the indicators would look then. While i agree with reasons for a bear market, i think not many gets to call the top this easily. Diverging indicators in parabolic markets doesn't mean much, could just be resetting before another run. I have not really seen any strong indication of the euphoric sentiment needed to dump to shit from here and way too many traders flip bearish any chance they get. Coiling action with MACD resetting on daily level is not so bad IMO, which is pretty much what's happening now. Did also break out of short term triangle to the upside, though could still be a cruel fakeout.
I wouldn't bet big on either direction, just hedge down moves and ride the market on spot if it goes up is my strategy
Topic: Global Crypto Bear Market - page 3. (Read 6707 times)
Oh no it might fall to 1800 at some point. This is super scary. Global bear market! That means Bitcoin will be falling in EVERY country.
Wow if that happen a lots of lucky long term holder will take advantage as we all knew good bounce back will happen and for the long term holders those who can hold within 2-3 years will be the winner for sure.
LOL.
I remember lingering around here in 2013...
It was said then, that any coin with less than a $1million marketcap was a crap coin and had no future...
In fact any coin that was not bitcoin was a crapcoin...some said.
Back then to be in the top 10, a coin needed like $5m marketcap.
Now...
Some coins that were worth less than a cent are worth well over a dollar.
To be in the top 100 today you need to have at least $23 Million marketcap and the top ten you need over 600 million...
Show me any stocks with growth like that.
haha some perspective for those thinking a dip from 3k to 2.5 from a surge from 1k is the end of the world... I think BTC was about $80 when I started watching it in 2013. Should have bought 10k worth then.
I bet some serious millionaires will have been made since then...
So much for those crap coins and the global crypto bear market.
I remember lingering around here in 2013...
It was said then, that any coin with less than a $1million marketcap was a crap coin and had no future...
In fact any coin that was not bitcoin was a crapcoin...some said.
Back then to be in the top 10, a coin needed like $5m marketcap.
Now...
Some coins that were worth less than a cent are worth well over a dollar.
To be in the top 100 today you need to have at least $23 Million marketcap and the top ten you need over 600 million...
Show me any stocks with growth like that.
haha some perspective for those thinking a dip from 3k to 2.5 from a surge from 1k is the end of the world... I think BTC was about $80 when I started watching it in 2013. Should have bought 10k worth then.
I bet some serious millionaires will have been made since then...
So much for those crap coins and the global crypto bear market.
Oh no it might fall to 1800 at some point. This is super scary. Global bear market! That means Bitcoin will be falling in EVERY country.
Wow if that happen a lots of lucky long term holder will take advantage as we all knew good bounce back will happen and for the long term holders those who can hold within 2-3 years will be the winner for sure.As the saying goes, it works until it doesn't
I've been telling people to move at least some of their wealth to Litecoin since it was lower than 30 dollars per coin (and pack the rest in fiat, preferably in the US dollar). Today Litecoin has jumped to over 50 dollars (seems to be an ATH) and is likely set to continue rising as Bitcoin prices essentially stagnate. Basically, some long-term Bitcoin believers are trying to push Bitcoin prices higher while more rational people use this moment to sell their bitcoins and either stay with dollars (for the time being) or buy litecoins. I promised one dude here to inform him personally when Litecoin's price reaches 100 dollars and it might not take long after all (with 500 dollars per coin being the "fair" price)
Oh no it might fall to 1800 at some point. This is super scary. Global bear market! That means Bitcoin will be falling in EVERY country.
Wow if that happen a lots of lucky long term holder will take advantage as we all knew good bounce back will happen and for the long term holders those who can hold within 2-3 years will be the winner for sure. 
Oh no it might fall to 1800 at some point. This is super scary. Global bear market! That means Bitcoin will be falling in EVERY country.
As a perma-bull I'm probably not allowed to mention a bear trend, or say anything that would sound alarmist. Lol.
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs. We'd need some serious rising buying volume from here forward to break the 2630 level and keep going higher
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs. We'd need some serious rising buying volume from here forward to break the 2630 level and keep going higher
I strongly support that view
And this is what I've been telling myself recently. I saw people selling their bitcoins with prices plummeting to around 2,200 dollars per coin, and then price somehow managed to revert to 2,500 dollars but the market is thin. It basically means that those who sold their stashes don't buy back and seem to prefer to stay in fiat for the time being. As to me, that doesn't bode well for Bitcoin, and the price may easily crash if some negative news hits the tabloids (of Jihan Wu comes up with a new "initiative")
Seems real bearish to me
With all the CSW drama, I'm surprised we didn't drop to 1800 tho. Bitcoin seems to be very resilient to FUD these days.
As a perma-bull I'm probably not allowed to mention a bear trend, or say anything that would sound alarmist. Lol.
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs. We'd need some serious rising buying volume from here forward to break the 2630 level and keep going higher
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs. We'd need some serious rising buying volume from here forward to break the 2630 level and keep going higher
I strongly support that view
And this is what I've been telling myself recently. I saw people selling their bitcoins with prices plummeting to around 2,200 dollars per coin, and then price somehow managed to revert to 2,500 dollars but the market is thin. It basically means that those who sold their stashes don't buy back and seem to prefer to stay in fiat for the time being. As to me, that doesn't bode well for Bitcoin, and the price may easily crash if some negative news hits the tabloids (of Jihan Wu comes up with a new "initiative")
2. Altcoin and ICO bubble. When there are $150 million ICOs, there is nothing more to say. Looking at Ethereum, it has pierced its 300 low, an entirely new behaviour in its chart highly suggestive that its bubble has popped. We all know Bitcoin was bought to buy into altcoins. When the altcoin hype fades, so does demand for Bitcoin.
This should be updated to the $750 million figure with the bancor / status raises
I'm sure these ICOs don't see any risk in HODLing an asset that has 50% swings in weekly time frames
If we have really welcomed the bears, then it is still a good sign in my opinion, and we should view it as a big open window of opportunity to invest, because the bulls might just take over anytime, so no better time to invest than when the bears are still in control.
Long term holders are good, i think most of us here are indeed long term believers in bitcoin. However, if you blindly invest in bitcoin when it is at its ATH and so on then you're taking an absolutely huge risk - especially if you are trading with margin. If you're trading with your own money you're potentially losing out on a lot of profit, i mean yeah the people who bought at the 2013 ATH made 100% profit but if you bought a year later, you would have made 5-7x more
And yeah, falling volume + alt hype + low bitcoin dominance, it's not a good match at all. AND the entire market cap of crypto is struggling to keep afloat above $100bil.
And yeah, falling volume + alt hype + low bitcoin dominance, it's not a good match at all. AND the entire market cap of crypto is struggling to keep afloat above $100bil.
I've been hodling since before the term "HODL" came to be.
But I'm a trader and I'm a realist. nekrobios is absolutely correct that ETH ate our lunch for the moment and bubble conditions need to be dealt with.
Some replying in this thread are just underestimating the potential downside here. They are not wrong that bitcoin will m00n further at some point in the future given that it survives.
I'll leave you kind gents/ladies with the potential targets...
https://www.tradingview.com/x/XcAuoR97/
As a perma-bull
It is one thing to be perma-bull, it is another to not understand the risks that exponentially rising price has on mid-term (weekly) trends.
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs.
ding ding ding
Somebody knows what's going on around here!
Long term holders are good, i think most of us here are indeed long term believers in bitcoin. However, if you blindly invest in bitcoin when it is at its ATH and so on then you're taking an absolutely huge risk - especially if you are trading with margin. If you're trading with your own money you're potentially losing out on a lot of profit, i mean yeah the people who bought at the 2013 ATH made 100% profit but if you bought a year later, you would have made 5-7x more
And yeah, falling volume + alt hype + low bitcoin dominance, it's not a good match at all. AND the entire market cap of crypto is struggling to keep afloat above $100bil.
As a perma-bull
It is one thing to be perma-bull, it is another to not understand the risks that exponentially rising price has on mid-term (weekly) trends.
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs.
ding ding ding
Somebody knows what's going on around here!
Volume may be falling because people are taking their coins off exchanges and putting them into storage due to looming hard-fork, which would drive the price up, not down. Strange times may produce strange outcomes. Don't get caught with your pants down
btc4lifer hit the nail on it's head here. Falling volume + increasing price = Fishy business.
I hear what you are saying FiendCoin but I doubt that's the case. Why would people suddenly remove their coins from an exchange to HODL? The hodlers will already hodl and the traders will always trade. There's a lot of people trying to make bank on Bitcoin that are not really interested in Bitcoin at all. Very understandable though considering the % increase we've seen over the years.
As a perma-bull
It is one thing to be perma-bull, it is another to not understand the risks that exponentially rising price has on mid-term (weekly) trends.
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs.
ding ding ding
Somebody knows what's going on around here!
Volume may be falling because people are taking their coins off exchanges and putting them into storage due to looming hard-fork, which would drive the price up, not down. Strange times may produce strange outcomes. Don't get caught with your pants down
As a perma-bull
It is one thing to be perma-bull, it is another to not understand the risks that exponentially rising price has on mid-term (weekly) trends.
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs.
ding ding ding
Somebody knows what's going on around here!
As a perma-bull I'm probably not allowed to mention a bear trend, or say anything that would sound alarmist. Lol.
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs. We'd need some serious rising buying volume from here forward to break the 2630 level and keep going higher.
Just sayin'. Stay frosty my friends. I hope it's in the cards.
But I will just say that from a technical standpoint and past experience, a rising price on falling volume has never been a good sign in past bull runs. We'd need some serious rising buying volume from here forward to break the 2630 level and keep going higher.
Just sayin'. Stay frosty my friends. I hope it's in the cards.
What bear market?
The one in the imagination of wishful thinkers dreaming of cheap coins.Ethereum blew through its low from June 21st (excluding the GDAX $13 flash crash).
The Global Crypto Bear continues.
The Global Crypto Bear continues.
Looking good, and I could not be more happy. Don't get me wrong I have nothing against ETH but it's value has been insane lately while there is nothing to really support it. As we can see with the "days of red" previously where basically all the alts are crashing is just the start of this Bear market. Well spotted and I could not agree more that we are, and have been there for a while now.
Altcoins are going to be the main ones that are affected here, not bitcoin.
If Segwit is implemented then bitcoin price is going to go up and be stable at a certain level. People i think are parking their funds currently in altcoins because they are afraid of the upcoming fork. Once it's gone though, bitcoin's dominance will increase by at least 20% back to an acceptable level, perhaps even 30% if ETH bubble crashes
If Segwit is implemented then bitcoin price is going to go up and be stable at a certain level. People i think are parking their funds currently in altcoins because they are afraid of the upcoming fork. Once it's gone though, bitcoin's dominance will increase by at least 20% back to an acceptable level, perhaps even 30% if ETH bubble crashes
I don't think that many people are parking their monetary wealth in altcoins
Most of them are certainly looking for fiat, anyway. But since altcoins are way behind Bitcoin, even a small part of money withdrawn from Bitcoin will be enough to give a substantial boost to a few chosen altcoins where this money ends up in at the end of the day. This is what I personally expect to happen in July, and I think that it will be Litecoin where a few whales may choose to park their wealth in case Bitcoin is going to plummet dramatically when things start looking really grim for it in the next month
What bear market?
The one in the imagination of wishful thinkers dreaming of cheap coins.
Nothing in Bitcoin is cheap anymore. If the price falls by 50% overnight the price would still be around $1000. That is far from "cheap".
@OP
There are people still waiting for buying bitcoins around $800 and spreading FUDs just to make their dreams come true. Crypto world is so small hence there would be no sensible in calling "global crypto market" as there is no local market nor country specific market. Investors come and investors go, it happens across all crypto, if you are referring that then that must be right but late night recovery proved there is no power to bear yet.
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