Is it bearish season yet? - page 3. | Bitcointalksearch.org

coin-investor

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Quote from: Jaered on March 06, 2021, 05:45:57 PM

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

One month after you created this thread we are still good and we are still in a bull trend and will continue to be on the bull trend all this year, the PayPal news is and much good news coming in are what will keep us in the bear trend, there's so much expectation in the month of April because this is regarded as the best month when the bull season arrives so we'll see about if the April trend continues.

South Park

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Quote from: Mahanton on March 31, 2021, 03:15:26 PM

Quote from: South Park on March 31, 2021, 01:44:25 PM

It seems to me that people really need to learn how to be more patient with bitcoin, once again it is very close to the 60k level and it is likely that we are going to surpass that level during the next weeks and then reach a new all time high, a drop of 10 or even 15% could be enough for many other markets to become bearish but that is not true for bitcoin, we will need to see at least a 30% correction in order for the predictions of a bear market to become true.

30% correction isnt something that can be considered to be bearish but somehow if the price had stagnated with that level for a long time or moving sideways then we do consider that one
but if recovery would comes next after such decline then that would be just a typical movement in the market where everybody do loves to play along.Why searching or waiting up for
bearish season?It would be good if you do just simply ride on what we are currently experiencing at the moment.Bitcoin could possibly break out that resistance this time.
Too fast? We cant really tell but based off on observations then its truly remarkable.

That is why I wrote at least in my previous post, in my opinion that is the minimal reduction in the price that we will need to see in order to begin to entertain the thought of a bearish market making an appearance, as you say after such drop we will need to see the market moving sideways for a long time in order to finally declare that the bull market has finally died, this is why I do not get people, they want a market with high volatility that can make them big profits in a short amount of time but they get scared as soon as the price goes down a few points.

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Quote from: Dave1 on April 04, 2021, 06:42:06 AM

Quote from: skarais on April 04, 2021, 03:20:21 AM

Quote from: LUCKMCFLY on April 03, 2021, 10:03:56 PM

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

This correction occur periodically after the bitcoin price has been pumped up strong enough. As usual, I think the market will recover soon. Meanwhile, the current market situation can be considered as a perfect time to place a buy position. Not many people think it's a good time to sell everything. The market still look quite strong, this is what will support the market to recover soon. Without analysis, we wouldn't even dare to buy bitcoin right now because the price is so high. The fact of the matter is that the risks of buying bitcoin are worth the long-term benefit.

But it didn't pump up strong though? we didn't break all time high during this recent rally, it falls short of $60k. So this sideways pattern again, or consolidation. If the market is quiet for the next week and continue this trend, this could be the calm before the storm again. We've seen this pattern, so I wouldn't be surprised if an imminent break out run.

We have seen countless similar situations on where the market had been moving sideways for a long time then suddenly make out some nasty run but we cant really exclude out the possibility
of a market flip or bearish run when something theres uncertainty towards the market.

Why people are rushing out for bearish season? Based up on observation that the market eventually make out its recovery after it had corrected for few percentage.

Lets wait for that situation to happen because market cant just have some rise like forever.There would always be a bearish time but not for now.

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The market is super bullish now, Price bounced from local support $44k and continuously growing rapidly. Still, I'm bullish in my long run, I opened my long position from $44K and will hold until Q4 of this year, Already I've fixed a part of my profit at $60K, and waiting for further upward movement. Daily MACD chart is giving a bullish setup towards $70k, my next target is 70K and then 100K for long run.

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Quote from: skarais on April 04, 2021, 03:20:21 AM

Quote from: LUCKMCFLY on April 03, 2021, 10:03:56 PM

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

This correction occur periodically after the bitcoin price has been pumped up strong enough. As usual, I think the market will recover soon. Meanwhile, the current market situation can be considered as a perfect time to place a buy position. Not many people think it's a good time to sell everything. The market still look quite strong, this is what will support the market to recover soon. Without analysis, we wouldn't even dare to buy bitcoin right now because the price is so high. The fact of the matter is that the risks of buying bitcoin are worth the long-term benefit.

But it didn't pump up strong though? we didn't break all time high during this recent rally, it falls short of $60k. So this sideways pattern again, or consolidation. If the market is quiet for the next week and continue this trend, this could be the calm before the storm again. We've seen this pattern, so I wouldn't be surprised if an imminent break out run.

buwaytress

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Agree with STT -- forget the winter, we're probably still in spring or coming to summer and autumn could be even more dangerous to set the tone for a long, dreary winter.

Quote from: LUCKMCFLY on April 03, 2021, 10:03:56 PM

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

Hasn't that already been what's happening the past week or two? "Correction" and a quick recovery, albeit only a flash moment of touching $60k? It is curious for me too, that it still ended the last month on another consecutive positive gain. This definitely didn't happen in 2017.

skarais

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Quote from: LUCKMCFLY on April 03, 2021, 10:03:56 PM

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

This correction occur periodically after the bitcoin price has been pumped up strong enough. As usual, I think the market will recover soon. Meanwhile, the current market situation can be considered as a perfect time to place a buy position. Not many people think it's a good time to sell everything. The market still look quite strong, this is what will support the market to recover soon. Without analysis, we wouldn't even dare to buy bitcoin right now because the price is so high. The fact of the matter is that the risks of buying bitcoin are worth the long-term benefit.

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BTC is very bullish since the beginning of these year, we are in the first quarter of the year no any sign of bears in the market, the price had just hit $60K again where I believed the resistance at that zone had been very strong, after several attempts to break it, the price got rejected the price get corrected just as it is now.
I do not see any reason for panic or fear of the price entering correction to a full bearish mode.

LUCKMCFLY

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Quote from: STT on April 03, 2021, 04:40:24 PM

Bears out of hibernation, autumn might be more dangerous. We're back to the weekly average here which can be important to note in momentum terms:

If we close below here on a 4hr bar its reasonable price pulls back some but otherwise its likely to just continue to cycle and from a wider view go sideways overall.
From a trading point of view I want to see more action around the 50 day average, if that were to occur then we'll have a lower high here which can be said to be bearish in a more important way then just pure speculation and waves of trading. However overall the market is especially strong for some time now and any negative view should be in the minority.

Price to watch: 57493
Closing high of the mid point to FEB, consider it something of a pivot now to the sea-saw between bears and bulls

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

Looking at your analysis, it reminds me of when I read a Cointelegraph article that I quote here:

Quote

However, the bears are unlikely to give up easily. They are likely to pose a stiff challenge at $61,825.84. If the BTC/USD pair turns down from this level but stays above the 20-day EMA, it will suggest the sentiment remains bullish as traders are buying the dips.

A break below the 50-day simple moving average ($52,376) will be the first sign that bears are making a comeback.

Source: https://cointelegraph.com/news/price-analysis-3-29-btc-eth-bnb-ada-dot-xrp-uni-theta-ltc-link

Which is a technically possible scenario, plus it may also turn into a little bearish trap for some to sell bitcoin cheap.

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Why people are too panic? We already saw several big dumps during this bullish season, but finally the prices of crypto coins increase again gradually. I think we are still not in altcoins season, so the bearish won't come before the altcoins season happens. Although many altcoins already increased quite big but I think the increases aren't enough to be called as altcoins season this year. So, just buy or hold if you see the big correction, it is not the end of the bullish yet.

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Quote from: slapper on April 03, 2021, 06:54:50 AM

The momentum will remain the same till the end of this year. More information is needed so as for further observation. From my perspective, individuals and companies spend more time focusing on bitcoin. Moreover, Paypal, Tesla, and NFT are all good signs to the cryptocurrency world

People should not panic if there are dips from time to time it's normal only newbies who don't check the chart and history will panic sell when there is a correction, the Cryptocurrency market is moving great right now, it's still a good buy at $59k if there is a dip it's a good opportunity to buy rather than to sell, only if you are selling for profit.

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There were many similar situations during these years, and sometimes what we expected did not happen at all. And whether we want to wait for a sharp fall or a big correction, either red candles and charts, I do not think so.
This year is one of the best years for Bitcoin, this volume of companies and governments flocking to Bitcoin is certainly not ineffective.

As always, bull run come in an unexpected timing, we haven't thought it would come during the time of pandemic but here it is, most of us maybe did not see it coming, so most probably the price correction or dump might come anytime and we will be surprise again.

As the FOMO is getting bigger and bigger, more investors will be disappointed once heavy correction start, but for us who understand fully the nature of the market will never panic nor be surprise.

STT

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Bears out of hibernation, autumn might be more dangerous. We're back to the weekly average here which can be important to note in momentum terms:

If we close below here on a 4hr bar its reasonable price pulls back some but otherwise its likely to just continue to cycle and from a wider view go sideways overall.
From a trading point of view I want to see more action around the 50 day average, if that were to occur then we'll have a lower high here which can be said to be bearish in a more important way then just pure speculation and waves of trading. However overall the market is especially strong for some time now and any negative view should be in the minority.

Price to watch: 57493
Closing high of the mid point to FEB, consider it something of a pivot now to the sea-saw between bears and bulls

slapper

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Quote from: ?? on ??

There were many similar situations during these years, and sometimes what we expected did not happen at all. And whether we want to wait for a sharp fall or a big correction, either red candles and charts, I do not think so.
This year is one of the best years for Bitcoin, this volume of companies and governments flocking to Bitcoin is certainly not ineffective.

The recent monthly candle is the green one with a little bit of tail so I believe the bullish is still in charge of the trend. Nothing to worry much about. A flash dump can occur in order to correct the price. As you can see, we are in the opening of the April candle so the bearish force will try to take a slight profit for their Q1 of 2021 so if you are a day trader, be careful with your order because it can be wiped out

The momentum will remain the same till the end of this year. More information is needed so as for further observation. From my perspective, individuals and companies spend more time focusing on bitcoin. Moreover, Paypal, Tesla, and NFT are all good signs to the cryptocurrency world

aioc

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It's been a month since OP created this thread and there's no indication that we are going to have a bear trend, there's news that PayPal is now allowing cashout with Crypto so this is another good news and will push the price up, so far many good news are coming in if these news keeps coming in there's a possibility that Bitcoin will hit $100k finally.

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I do not think that we could consider this period as bearish just yet and I do not think that it will come anytime soon neither, it will probably reach to a super high levels in the end before it crashes down. I think something like 100k and then a drop is more possible, by the looks of it the current situation is not anywhere near the levels we should be worried about just yet.

I know that everyone is expecting a big drop from bitcoin because we have reached to a high level but that doesn't mean that we have to drop, I know expecting it is normal because we have reached from 4k levels to 62k levels and I do not think that we will end up with 10k levels ever again, that was it once upon a time and it's over, we are not going to see that. So, even if we see a bullish run I am confident that we are going to stay above 20k for sure and we can arrange our investments accordingly.

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Quote from: cryptomaniac_xxx on April 02, 2021, 04:21:13 AM

We just hit $60k momentarily, another sign that we are still very much in the bullish phase this first quarter of the year. So the prediction of bitcoin hitting $100k is still alive at this point. Although the price right now is very good, just as we compare it last year when the price hi a snag to $4k because of the covid-19 scare. Now, it's a complete 360 degree turn around. It might take some time before we go on a bearish scenario, not this time that institutions keeps on investing.

Pretty much the $100,000 target this year is very much alive. Not only does the institutions are continuing to come into the market, but there's still so much hype from big companies and even governments gradually adopting Bitcoin.
I'm not quite sure, but I guess the rise of digital currency from CBDC is inspired by the continued growth of Bitcoin, and so It does affect Bitcoin's price positively.

cryptomaniac_xxx

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We just hit $60k momentarily, another sign that we are still very much in the bullish phase this first quarter of the year. So the prediction of bitcoin hitting $100k is still alive at this point. Although the price right now is very good, just as we compare it last year when the price hi a snag to $4k because of the covid-19 scare. Now, it's a complete 360 degree turn around. It might take some time before we go on a bearish scenario, not this time that institutions keeps on investing.

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Quote from: Jaered on March 06, 2021, 05:45:57 PM

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Actually it depends on time frame that you use, I mean when you use low time frame like 1 hour-4 hour time frame then it will give a sign for short term prediction but when you use 1 day until 1 month time frame then the signal that will you get for long term prediction.

But, when I predict and using high time frame (1 day-1 week) the sign that I get is the bull run market is still on the hand.

There is no sign for the bearish market come, indeed the previous weekly candle is formed as a red candle but for this week candle will be formed as a green candle that will indicate a bull market is back.

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I also agree with the majority here, we haven't seen any bears in the market yet. The bulls is still in control, although there could be some minor dips, but that's as close as the bears can do right now. As there are good news coming our way, this 2021, we are not going to see the price crashing so hard that we can say that we are in a bear season. Still time to enter at this price, although expensive, we have a higher chance to go to $78k-$100k at the end of the year, still profitable.

Topic: Is it bearish season yet? - page 3. (Read 1304 times)