I have dream This Chart On https://tradingview.com, Is This Correct?

doomloop

hero member

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Quote from: ?? on ??

It's not a bear market, it's a bear market. The market is in a bearish state. If you look at the chart you will see that the price of Bitcoin is at $19,000. This is a bear market.

It's not a bear market but it's a bear market? What does that supposed to mean? The current market isn't in a bearish state, we are actually in the middle. The price did well when the year started until 3 months, but then it stopped, started dropping a little bit and now it's a bit stable in the middle. If we see the monthly candles, the price isn't bad.

If it goes further down from this point, it might enter the bear market once again but if it manages to gain value again and more buying pressure builds up, we will be entering a bull market soon after that as it seems.

Pity Token

jr. member

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This post didn't age well Cheesy

Is the OP really Capo?!

To be fair it does look like a bear flag, but thankfully we never got to those lows points again. Up season is hopefully approaching soon!

uneng

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Leading Crypto Sports Betting & Casino Platform

Quote from: fennic on December 29, 2022, 12:02:13 PM

Hi guys according to me Bitcoin Is in a Bear market state and I thought maybe technical analysis could help. So I draw some charts and looking at it according to me there could be still More dump in coming days, my mean in Q1 2023.

Despite the charts, there could be indeed more dumps at the beginning of 2023. To make analyzes simpler, I prefer to take only most recent resistance and support levels values in consideration. At this moment the scenario should be considered relatively positive for bitcoin, because we left a support level of 15,700$ behind in November to reach a new support level of 16,400$ right now. It's an inoffensive advancement that must be followed on the next days and weeks, so we can conclude if it's a solid tendency or if it's just a temporary stability proportionated by the Holiday Season to be reverted as soon as the New Year comes in.

Lucius

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This drawing of lines reminds me of some things that we often see in some movies, only that the lines are made of powder, which is very expensive, but supposedly helps some people to see things in a much nicer light Lips sealed

Honestly, all that line drawing never made much sense to me, although I don't completely reject TA as a tool that can sometimes be of help in certain situations. It's good that the OP understood that we are in a bear market, and that in such a market one should always expect some new and perhaps unpleasant surprises.

For those who cannot stop drawing lines, I suggest new pills that certainly help Wink

pooya87

legendary

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Technical analysis (or drawing lines on charts!) rarely works for bitcoin market and at this point that little chance of it working is already gone because the market behavior is not something that can be predicted. Not based on history. Not even based on current event.

The world economy is already too unpredictable and the US and EU economy are both a terrible mess with one crisis after the other. That has a significant effect on bitcoin market causing uncertainty that leads to illogical behavior.
This is why you can not expect anything! The economy has to calm down first and they should stop manipulating it and the interest rates before we can start speculating about bitcoin.

franky1

legendary

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ok i see your chart with your lines.. i accept your prediction challenge..
and i match you with my image prediction of bitcoin price movement

up

down

satire aside

anyone can zoom in and out of any chart and end up drawing lines in any direction they please depending on the zoom and stretch of the chart..
doodling on a chart is not Technical Analysis (TA)
i call people that draw lines on charts with no fundamental knowledge of bitcoin outside the chart.. Trend Anals

Edwardard

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Quote from: fennic on December 29, 2022, 12:02:13 PM

Price rising upside slowly with very less volume,

Your chart is already outdated, we got a lot of PA since then. Please update it and connect the lines again Wink

Quote from: stompix on December 29, 2022, 01:00:42 PM

Ok, here you got me totally confused, what are you expecting on the 25th, since today is the 29th?

I guess here he meant 25th Jan 2023.
However, I expect volatility on 12th jan 2023 where dec's cpi data will be released followed by another fomc meeting Tongue

stompix

legendary

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Blackjack.fun

The moment you dream of a new chart every week it's probably the moment when you need to tell yourself to take a break and enjoy the holidays. Wink

Overthinking daily stuff so much that you end up dreaming of them is a sign of real stress, and it's not a joking matter.
Anyhow, I find it quite interesting that between your two predictions the price moved exactly $11, you don't get this kind of occurrence, which basically tells you that nothing really happens only on expectations.

Quote from: fennic on December 22, 2022, 11:38:53 AM

Quote from: fennic on December 29, 2022, 12:02:13 PM

i'm xpecting more dump in coming days, on 25th we can se volitility to grab lp to hit SL,

Ok, here you got me totally confused, what are you expecting on the 25th, since today is the 29th?

PS.
Move this to speculation!

fennic

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Activity: 126

Merit: 39

Hi guys according to me Bitcoin Is in a Bear market state and I thought maybe technical analysis could help. So I draw some charts and looking at it according to me there could be still More dump in coming days, my mean in Q1 2023.

And also one thing to be considered that is In Market still there is Volume issue, Price rising upside slowly with very less volume,

i'm xpecting more dump in coming days, on 12th January 2023, we can se volitility to grab lp to hit SL,

What you'll say ??

Topic: I have dream This Chart On https://tradingview.com, Is This Correct? (Read 126 times)