It ils not a bull run it is a normal correction.
The price will go over 100k so don't rush and you will know it is not a bull run.
Prices will rise and such thing is normal and expected.
Topic: How long will this bull run be? - page 2. (Read 573 times)
This trend is going to be like this until there is a negative news setting in. It has been long bitcoins traded in the bearish market and the current rise in price will continue for sometime till it drop.
Yes, the bearish trend was long and we could see a bullish may continue. But, value could still suffer a drop down of price who knows, we couldnt predict the market. Until such time bullish run comes out at the time we didnt expect. This trend is going to be like this until there is a negative news setting in. It has been long bitcoins traded in the bearish market and the current rise in price will continue for sometime till it drop.
Yes, the bearish trend was long and we could see a bullish may continue. But, value could still suffer a drop down of price who knows, we couldnt predict the market. Until such time bullish run comes out at the time we didnt expect. I think no one can answer that question precisely unless he can see in future which no one can, i see positivity coming back to market so i assume that bulls will continue and the last part of this year will be super bullish.
Exactly, short answer but really good points here. Just think that - if somebody know when the bull run will start and when the of that will be than he probably would be a millionare and won't be here to answer for your question. I think the best answer is: The bull run will be as long as ppl greed will be in the market
This trend is going to be like this until there is a negative news setting in. It has been long bitcoins traded in the bearish market and the current rise in price will continue for sometime till it drop.
I think no one can answer that question precisely unless he can see in future which no one can, i see positivity coming back to market so i assume that bulls will continue and the last part of this year will be super bullish.
Exactly, short answer but really good points here. Just think that - if somebody know when the bull run will start and when the of that will be than he probably would be a millionare and won't be here to answer for your question. I think the best answer is: The bull run will be as long as ppl greed will be in the market
Its very difficult or impossible to tell where a bull run will end.
Last year I assumed Bitcoin wouldn't top $10K and sold a bunch at like $9500 and it went to almost $20000.
Back in May, same situation, people assumed it would break $10K, and it would break $20K, and it went to like $9900 and went back down to a new yearly low.
You can use indicators but they are all lagging and you will get out way too late.
Best way is to just sell a little here and a little there whenever it goes up to a new daily high every few days.
Last year I assumed Bitcoin wouldn't top $10K and sold a bunch at like $9500 and it went to almost $20000.
Back in May, same situation, people assumed it would break $10K, and it would break $20K, and it went to like $9900 and went back down to a new yearly low.
You can use indicators but they are all lagging and you will get out way too late.
Best way is to just sell a little here and a little there whenever it goes up to a new daily high every few days.
But I assume that you are still on a very good profit, just move further
I agree with what you're saying, right now it's too hard to be a day-trader but that just my opinion. Better to look into longer market swings
Yeah I agree too. Day trading is just impossible footwork with bitcoin. These kinds of positions demand patience.
I wouldn't say all indicators are lagging. Momentum divergence can predict shifts, or double crossovers of a 3 period moving indicator shifted 3 ahead after a big thrust. Or fib levels.
But I would say that stronger market forces can drive bitcoin and sometimes it defies all indicators. So it requires some pretty fierce dexterity to keep a position. Or just clear profit targets.
I'm saying right now we're at like where the market was mid-2015. The bottom has been hit several times for a good amount of time and the bears just can't bring it any lower, and now sentiment is shifting and people are starting to get excited again. It certainly could head back down for one more turn at the 6000s in the early Fall but we might also find ourselves at $10k by early Fall.
We could be in mid 2015 or at not even beginning. If it will go to $6k again will go lower and that will be bottom. If that will happen it will happen really soon.
not nessasarily!
people were saying the exact say thing about the previous 2 drops too. basically they were saying that if we go back to $6k again then it will drop more and go to something like $3k and each time price went to $6k and started a strong rebound.
and this time this trend looks more like a strong reversal than just a small recovery.
Not really, this bounce was mostly fud driven, etf's and all that. February 6th bounce looked much stronger with 3x volume and we only bounced up to 12k before going down again and eventually reaching lower lows. I agree that short term the bounce looks fairly strong but I'm not sure we are even going to reach 10k this time.
That I don't know, making those kind of predictions is just stupid. No way to know right now if we are going up and down to hit the bottom. So far Bitcoin looks strong. We might touch 10k but it's going to be a tough challenge. Obviously if we manage to break 10k and see some follow through that would be huge. Pretty much setting the rest of the year for bitcoin to be bullish. However not being able to break 10k again would also mean a very likely big crash to follow.
I agree. And I think this bounce will soon end and then we will go to finish this Bitcoins cycle bear trend and find the bottom of it. After that 2015 sideways will come that I will enjoy way more this time as I did in 2015, because I will be sure this time that after that finish the Bull trend will start.
I think no one can answer that question precisely unless he can see in future which no one can, i see positivity coming back to market so i assume that bulls will continue and the last part of this year will be super bullish.
What positivity are you looking for? It all depends on the trend. If we're in a bearish trend then no good news will be able to reverse it. In the same way that applies to a bullish tinted trend. Bitcoin becoming more secure with the day is bullish for me, but no one seem to care about that. Lightning Network becoming more secure and larger as a whole is bullish for me, but no one seem to care about that. ETF's aren't necessarily good news for Bitcoin, but people love it because the price increases and they add fuel to the fire. There is only one form of good news in this space, and that's an increasing price. Everything else doesn't matter....
I'm saying right now we're at like where the market was mid-2015. The bottom has been hit several times for a good amount of time and the bears just can't bring it any lower, and now sentiment is shifting and people are starting to get excited again. It certainly could head back down for one more turn at the 6000s in the early Fall but we might also find ourselves at $10k by early Fall.
We could be in mid 2015 or at not even beginning. If it will go to $6k again will go lower and that will be bottom. If that will happen it will happen really soon.
not nessasarily!
people were saying the exact say thing about the previous 2 drops too. basically they were saying that if we go back to $6k again then it will drop more and go to something like $3k and each time price went to $6k and started a strong rebound.
and this time this trend looks more like a strong reversal than just a small recovery.
Not really, this bounce was mostly fud driven, etf's and all that. February 6th bounce looked much stronger with 3x volume and we only bounced up to 12k before going down again and eventually reaching lower lows. I agree that short term the bounce looks fairly strong but I'm not sure we are even going to reach 10k this time.
I agree. And I think this bounce will soon end and then we will go to finish this Bitcoins cycle bear trend and find the bottom of it. After that 2015 sideways will come that I will enjoy way more this time as I did in 2015, because I will be sure this time that after that finish the Bull trend will start.
I think no one can answer that question precisely unless he can see in future which no one can, i see positivity coming back to market so i assume that bulls will continue and the last part of this year will be super bullish.
I'm saying right now we're at like where the market was mid-2015. The bottom has been hit several times for a good amount of time and the bears just can't bring it any lower, and now sentiment is shifting and people are starting to get excited again. It certainly could head back down for one more turn at the 6000s in the early Fall but we might also find ourselves at $10k by early Fall.
We could be in mid 2015 or at not even beginning. If it will go to $6k again will go lower and that will be bottom. If that will happen it will happen really soon.
not nessasarily!
people were saying the exact say thing about the previous 2 drops too. basically they were saying that if we go back to $6k again then it will drop more and go to something like $3k and each time price went to $6k and started a strong rebound.
and this time this trend looks more like a strong reversal than just a small recovery.
Not really, this bounce was mostly fud driven, etf's and all that. February 6th bounce looked much stronger with 3x volume and we only bounced up to 12k before going down again and eventually reaching lower lows. I agree that short term the bounce looks fairly strong but I'm not sure we are even going to reach 10k this time.
I'm saying right now we're at like where the market was mid-2015. The bottom has been hit several times for a good amount of time and the bears just can't bring it any lower, and now sentiment is shifting and people are starting to get excited again. It certainly could head back down for one more turn at the 6000s in the early Fall but we might also find ourselves at $10k by early Fall.
We could be in mid 2015 or at not even beginning. If it will go to $6k again will go lower and that will be bottom. If that will happen it will happen really soon.
not nessasarily!
people were saying the exact say thing about the previous 2 drops too. basically they were saying that if we go back to $6k again then it will drop more and go to something like $3k and each time price went to $6k and started a strong rebound.
and this time this trend looks more like a strong reversal than just a small recovery.
I'm saying right now we're at like where the market was mid-2015. The bottom has been hit several times for a good amount of time and the bears just can't bring it any lower, and now sentiment is shifting and people are starting to get excited again. It certainly could head back down for one more turn at the 6000s in the early Fall but we might also find ourselves at $10k by early Fall.
We could be in mid 2015 or at not even beginning. If it will go to $6k again will go lower and that will be bottom. If that will happen it will happen really soon.
Its very difficult or impossible to tell where a bull run will end.
Last year I assumed Bitcoin wouldn't top $10K and sold a bunch at like $9500 and it went to almost $20000.
Back in May, same situation, people assumed it would break $10K, and it would break $20K, and it went to like $9900 and went back down to a new yearly low.
You can use indicators but they are all lagging and you will get out way too late.
Best way is to just sell a little here and a little there whenever it goes up to a new daily high every few days.
Last year I assumed Bitcoin wouldn't top $10K and sold a bunch at like $9500 and it went to almost $20000.
Back in May, same situation, people assumed it would break $10K, and it would break $20K, and it went to like $9900 and went back down to a new yearly low.
You can use indicators but they are all lagging and you will get out way too late.
Best way is to just sell a little here and a little there whenever it goes up to a new daily high every few days.
But I assume that you are still on a very good profit, just move further
I agree with what you're saying, right now it's too hard to be a day-trader but that just my opinion. Better to look into longer market swings
I think it looks like it will go on for couple more weeks at least. I wasn't sure when it first went up to 7k levels however now that its around 8k levels its more likely to stay around here for a while before it goes either back down to 6k levels once again or it will go up a lot more than this like 12k levels or so. I think we have broken that psychological levels of will bitcoin die or whatever people were thinking. We are not "will it go even more" levels of feeling in people.
This is not just a normal spike, all of the indicators are positive including Divergence, MACD over EXP, CCI etc. The volume is just normal though. The indicators alone may drive the spike a bit more but I don't think it will last and it will stay below 10k. There have been quite a bit of positve news and Bitcoin has captured quite a bit of market cap recently to stand over 46% right now.
If this trend holds, we may see a nice spike towards the end of this year.
If this trend holds, we may see a nice spike towards the end of this year.
In some point thats right,but remember that corrections will follow every good pump so expect something bad sooner as we are heading to $10,000
But regarding to OPs position that this is the start of bullrun i dont think so,theres a lot of road to take before bull finally come,if were looking in the market movements,it seems like just a normal pump and the bear is only hanging around the place
It seems likely that this recent third bottom of 2018 was the final bottoming out. Don't think price is gonna start going crazy or anything now, though it might go crazy until the ETF verdict, but generally I think we're right at the start of a new bull market.
The last bull market lasted about 2.5 years from mid-2015 to end of 2017. How long do you think this one will be?
I could see it lasting until late 2019 or maybe even late 2020 past the next halving. I think we'll see or get close to $100k on the peak of the next bull run in less than 30 months. I think institutional investors and traditional retail investors (like through ETFs) will drive this bull run, with of course another round of serious FOMO from the public eventually just like late last year.
Now is the time to get in if you're smart money, whether hodling or trading.
Things are going to be crazy for the next weeks but I think your diagnosis is wrong you are talking as if the bull market lasted for years but that is not true, the bull market began at the end of 2016 and only exploded until the final 3 months of 2017 everything before that was still part of the bear market caused by the Mt Gox crash. The last bull market lasted about 2.5 years from mid-2015 to end of 2017. How long do you think this one will be?
I could see it lasting until late 2019 or maybe even late 2020 past the next halving. I think we'll see or get close to $100k on the peak of the next bull run in less than 30 months. I think institutional investors and traditional retail investors (like through ETFs) will drive this bull run, with of course another round of serious FOMO from the public eventually just like late last year.
Now is the time to get in if you're smart money, whether hodling or trading.
I'd say a few weeks. I am comparing to the last large up tick of the 2013/14 rally. History does like to repeat it's self. IMO 3 year bear market incoming.
3 years is pushing it a bit, but I tend to agree. I'm still open to a situation like summer 2013, but conventional trading wisdom says "don't plan on it." More importantly, I'm seeing extremely bullish sentiment: Twitter, Tradingview, this forum, all these hedge fund managers and commentators predicting new ATH or 6-figure prices. And always "by the end of the year" too!
When everyone's long, the market usually drops.
I've taken half off my long, and rolling up stops. We should be hitting a supply zone:
I think this is a mid-term bull trap. We've got a solid base, and the repeated attempts to break range to the downside were summarily denied. Now we've run stops above the $6,800 level, giving us a nice squeeze today. $7,500 is another logical stopping point due to the the breakdown in June.
I believe we should trend upwards for a while. There should, however, be major resistance near the $8,400 long term mode. I plan to sell into that area and reassess.
I believe we should trend upwards for a while. There should, however, be major resistance near the $8,400 long term mode. I plan to sell into that area and reassess.
3 years is certainly pushing it haha, heck in 3 years we'll probably be at the start of the next bear market after the next boom.
To be clear I'm not saying we're gonna have another exponential boom now, I'm saying right now we're at like where the market was mid-2015. The bottom has been hit several times for a good amount of time and the bears just can't bring it any lower, and now sentiment is shifting and people are starting to get excited again. It certainly could head back down for one more turn at the 6000s in the early Fall but we might also find ourselves at $10k by early Fall.
The last bear/bull market was extremely slow following the collapse of Mt.Gox and how long it took to get people back into the market after that. Heck I was one of them, sold all my 2013/2014 bitcoin in 2015 when I thought this whole Bitcoin thing was at the end of its productive run. Then last April I realized how stupid I was haha. The market and the whole crypto ecosystem has advanced so far beyond the last bear market when people just left thinking the whole thing was over. Bitcoin is still constantly in the news now, people who pay attention can easily be reminded of it and will start getting interested in it again when it starts growing again, which looks to possibly be starting now.
We've had 6+ months of down and in total it might be 18 months from the last ATH until it is broken. That's a pretty full on legit bear market, and I think a year of growth in the beginnings of a new bear market before we see $20k and things start heating up say late next year makes pretty good sense.
Anyway, even if we do get a downward draft again in the coming months, it's clear $6000 is the bottom and the start of the next bull run is getting closer and closer and will certainly have started by the end of this year, if it hasn't started already. 2019 is undeniably going to be a bull year and if it is a slow bull year then 2020 will probably see exponential growth like 2017, 2013, 2011.
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