Is bitcoin bearish or bullish - page 2.

Capt00

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Quote from: STT on September 08, 2019, 06:05:02 PM

So I'm always looking at market open around this time as I frame it as we approach Tokyo and Asia trading for BTC and of course all the smaller exchanges which in theory represent billions of people potentially but I consider this a good signpost for the week as this is the working or trading week of 5 days starting.
I think we remain still bearish as we did little over the weekend and still seem to be exploring the downside potential and support possible

We are right next to the 50 day, this is just a short term chart but I think a tight stop loss and a short is reasonable while speculating short term

It could still be possible that we end up like these this year. Market resistance still at low, nothing to be sure that it will start to move in the 4th quarter.
As we could see from 2nd to outgoing 3rd quarter, the market still doing good and we might be puzzled what will happen next quarter.

Anyway, whether we like it or not, we have to accept what will happen, nothing has to blame.

STT

legendary

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So I'm always looking at market open around this time as we approach Tokyo and Asia trading for BTC and of course all the smaller exchanges which in theory represent billions of people potentially but I consider this a good signpost for the week as this is the working or trading week of 5 days starting.
I think we remain still bearish as we did little over the weekend and still seem to be exploring the downside potential and support possible

We are right next to the 50 day, this is just a short term chart but I think a tight stop loss and a short is reasonable while speculating short term

jhonjhon

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I'd love to see how the market works and even wondering what will happen next.
Not exactly we could tell that we are going to move high or just dump in a few days later. Nobody could tell and even experts fail to tell. What makes this crypto so beautiful is that it is full of excitement and a lot of surprises.

If the market will be in enduring bullish season, it would be great but how if it turns down deeply in the 4th quarter? It everyone will cry cause we have failed again with our expectation.

pixie85

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Quote from: guoyu78 on September 07, 2019, 12:32:48 PM

There were some activities that came to the market for the first time in 2017, look at the ICO, I would say that would be the first year that will have very great participation of investors then, and these investors activities at a goal contributed to why we have that bull run, but I have not seen anything looking like that right now, so we should just not expect too much than what bitcoin Is offering us slowly now.

In 2017 we were recovering from a long and painful bear market of 2015. Now we are in a very similar situation but a bit too early. 2017 was more like 2020 in this cycle and 2016 when we started the recovery was like this year.

People are expecting that we could go up even faster than before because there are many new things at play like bakkt and the recognition of Bitcoin around the world is much higher than it was in 2016. Anything could happen but we are bullish for sure.

guoyu78

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Quote from: Questat on September 06, 2019, 04:36:18 PM

With the current trend we have, I don't see any market play by now and even whales do some price manipulation as what they did before. We are entering the BER months already and as the expected price will going up as it happens in previous years. However, I've never thought and I never put conclusions that it keeps moving high just like we experience last 2017. The bull run may possible to be with us again will have a big difference from what we've experienced before.

Bull run! Bull run !! Bull run !!!, have we ever asked exactly what leads to bull run, do we just say it in our mouth as though it is just an English word and we just want to use it as expression, but how do we break it down completely. Bull run is not a formula, the fact that 2017 market movement happened that way does not mean that we should now expect the market to always follow that direction.

There were some activities that came to the market for the first time in 2017, look at the ICO, I would say that would be the first year that will have very great participation of investors then, and these investors activities at a goal contributed to why we have that bull run, but I have not seen anything looking like that right now, so we should just not expect too much than what bitcoin Is offering us slowly now.

pooya87

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Quote from: dark08 on September 06, 2019, 06:29:55 PM

Quote from: Hamphser on September 06, 2019, 06:00:27 PM

Quote from: Questat on September 06, 2019, 04:36:18 PM

With the current trend we have, I don't see any market play by now and even whales do some price manipulation as what they did before. We are entering the BER months already and as the expected price will going up as it happens in previous years. However, I've never thought and I never put conclusions that it keeps moving high just like we experience last 2017. The bull run may possible to be with us again will have a big difference from what we've experienced before.

This time the bull run may not be the same as what happen in last 2017 bull run but i think there might be a slight changes when will be the final bull run to happen. We will just have to wait for more time to pass since the bitcoin halving is getting near, we could expect already a massive rally during that time.

Bitcoin dominance in the market but like what you said this bull run is not the same in 2017 but the good thing that I see in this current bull run its pump slowly but surely as what people expected this ber month a huge pump up but who knows what will happen to the market just stay tune and carefully whatch bitcoin price action.

you can't expect the market to skip steps!
so yeah, this is not like 2017 bull run because that would mean skipping a half a dozen steps. this bull run is like the 2015 bull run where price is slowly coming out of the lowest price that was reached after the previous bubble in 2013 at $1200. the reversal is nearly identical to today's reversal. that was from $150 to $500 and the launch from there to previous ATH ($1200) and setting the new ATH at $20k and this is reversal from $3100 to $10k and then launch to the new ATH possibly at $100k?

Reid

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Quote from: ?? on ??

Bitcoin is a struggle. The struggle of a bull with a bear. Eternal struggle.

The struggle for me is how can I buy again with the expensive price.
Before I could get a lot of it with just my monthly salary. Now, it is a problem to even buy just a single of it.

I do think it is moving forward, it is still a bull run. $1k will the bearish price for me.
Yeah, please dont stop the FUD for me to have a chance to buy again at a cheaper price. Grin

tukagero

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Maybe this is the start of bull run ,cause i saw the latest news and posted on different social media sites that bakkt is now accepting bitcoin deposits,.this is what were waiting for.

dark08

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Quote from: Hamphser on September 06, 2019, 06:00:27 PM

Quote from: Questat on September 06, 2019, 04:36:18 PM

With the current trend we have, I don't see any market play by now and even whales do some price manipulation as what they did before. We are entering the BER months already and as the expected price will going up as it happens in previous years. However, I've never thought and I never put conclusions that it keeps moving high just like we experience last 2017. The bull run may possible to be with us again will have a big difference from what we've experienced before.

This time the bull run may not be the same as what happen in last 2017 bull run but i think there might be a slight changes when will be the final bull run to happen. We will just have to wait for more time to pass since the bitcoin halving is getting near, we could expect already a massive rally during that time.

Bitcoin dominance in the market but like what you said this bull run is not the same in 2017 but the good thing that I see in this current bull run its pump slowly but surely as what people expected this ber month a huge pump up but who knows what will happen to the market just stay tune and carefully whatch bitcoin price action.

Hamphser

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Quote from: Questat on September 06, 2019, 04:36:18 PM

With the current trend we have, I don't see any market play by now and even whales do some price manipulation as what they did before. We are entering the BER months already and as the expected price will going up as it happens in previous years. However, I've never thought and I never put conclusions that it keeps moving high just like we experience last 2017. The bull run may possible to be with us again will have a big difference from what we've experienced before.

This time the bull run may not be the same as what happen in last 2017 bull run but i think there might be a slight changes when will be the final bull run to happen. We will just have to wait for more time to pass since the bitcoin halving is getting near, we could expect already a massive rally during that time.

Questat

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With the current trend we have, I don't see any market play by now and even whales do some price manipulation as what they did before. We are entering the BER months already and as the expected price will going up as it happens in previous years. However, I've never thought and I never put conclusions that it keeps moving high just like we experience last 2017. The bull run may possible to be with us again will have a big difference from what we've experienced before.

sana54210

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Right now, it is looking a bit more bullish. Sellers trying to drop the price as much as they can and they do bring it under 10k but no matter what they do we end up with over 10k because people want to see bitcoin price going up and can't deal with low prices anymore.

We had a whole year of low prices and people are sick and tired of it, they are willing to spend some money to see it go up, do not think of people who are like going to their regular jobs and coming back and spending it on bitcoin, think of whales who got in at high prices and now they are lowering their entry average by also increasing the price, those whales had enough of this low price and now that they see it can go above 10k, they are feeling why not going above 20k once again as well.

crzy

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Quote from: gantez on September 05, 2019, 12:08:01 PM

When I remember the speed in 2017, I just don't know what to say because it wasn't expected yet speculated. So at the moment speculation is a market sentiment where people predict based on what view or analysis they have. I respect the view too.

A different trend of price this year but good thing is that, we are able to pump from the bottom and the price is still recovering. We are on the sideways trend since bearish was done already and maybe waiting for the bull run again.

STT

legendary

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10k is nothing because the figure is different in every currency, I believe the Japanese have 1 million already. We dont spend our days thinking about it though.
If we flip on our ultra bearish welding googles to consider the extremes and its always possible sure but last case of such a thing is early 2018 when we passed the 20 week average by 4000 before recovering. I watch an options trader who covers these bands of probability to price movements, there has to be a kind of mood to run straight over the normal kerbs that channels price normally. Usually theres a big run up for such things to occur. I dont see it right now, its quite calm but if we get some upset then sure.
A reasonable band to price fall right now is about 1000 and then we need move the needle to break support working previously.

Slow death

legendary

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Quote from: BIN-BIN on September 03, 2019, 02:39:57 AM

In the last 24 hours bitcoin have gain some amount of increase in it price, as at this time bitcoin is sitting at $10,349 and slowly gaining momentum to reach $11,000.

The price has risen but has failed to exceed $10800, so far it has stabilized at $10500, but the key question is:

Will the price increase much over the next few weeks? will BAKKT have a good influence on price? we'll see this after the 26th of this month

Quote from: BIN-BIN on September 03, 2019, 02:39:57 AM

With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.
What is you take on this and also follow the link below to see the views of other investors and they stand.
https://zycrypto.com/bitcoin-is-medium-term-bearish-and-wont-see-100000-in-the-next-few-years-analyst/

I don't understand why some people will be obsessed with this $100,000 price? honestly I don't believe we see this $100,000 price in less than 4 years

exstasie

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Quote from: 1Referee on September 05, 2019, 02:33:15 PM

The volume will come back when we finally get to break out of this decending triangle. It will either be a very brutal crash or a super sweet pump. Measured move is ~$4000 up or down if nothing stops it in the process. If we break down, who knows how long it will take before we get to retest this year's high. Make sure you're ready to buy low with a heavy bag of fiat just in case.

What is that measured move based on? Are you saying if $9K breaks we'll see prices near $5,000!? I have a hard time believing that.

A typical AB=CD using percentage moves would target the $7,500 area at most. Even that would be hard to achieve at this point, considering the 20-week MA is now above $9,000:

1Referee

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Quote from: Theb on September 05, 2019, 07:15:57 AM

Also if you look at the price increases we are having now you will see that the trading volume is lagging behind meaning the buyers are not supporting the current price increase now, I don't expect this rally to continue for far longer not unless it picks up pace with a sudden rise in volume.

The volume is lagging behind because the range within the price can bounce up and down has shrunken a lot from when we peaked two months ago. It's stuck in what appears to be a massive decending triangle that will break up or down before the end of this month. When the range tightens, the volatility by default decreases, and thus the volumes too. Perfectly normal.

The volume will come back when we finally get to break out of this decending triangle. It will either be a very brutal crash or a super sweet pump. Measured move is ~$4000 up or down if nothing stops it in the process. If we break down, who knows how long it will take before we get to retest this year's high. Make sure you're ready to buy low with a heavy bag of fiat just in case.

gantez

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When I remember the speed in 2017, I just don't know what to say because it wasn't expected yet speculated. So at the moment speculation is a market sentiment where people predict based on what view or analysis they have. I respect the view too.

Theb

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Neither, while we are experiencing a short-term rally at the moment it doesn't mean a reversal happened from where we are now Bitcoin is still down 21% from its recent high which is around 13,845$. We are in fact is still in a consolidating stage which is better compared to when we are consolidating in the 3k to 4k level. Also if you look at the price increases we are having now you will see that the trading volume is lagging behind meaning the buyers are not supporting the current price increase now, I don't expect this rally to continue for far longer not unless it picks up pace with a sudden rise in volume.

davinchi

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There was a ton of money to be made from this increase plus we are forgetting that there was a lot of money who have been waiting to sell their coins for a long time as well, people who bought during the fall from 20 thousand to 3 thousand, they have been keeping those coins on their wallets or exchanges for over a year now. So when the price went up the people who wanted to take out profit (it was close to 4x at its peak difference) and people who have been waiting to sell their bags all rushed and sold their coins, eventually that resulted with price not going up and than price going down.

I think we got rid of them, right now its a big war between buyers who are generally traders and bulls and sellers who are miners and traders (traders trade for both sides obviously) and whoever ends up winning will be the direction we will go.

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