Is it bearish season yet? - page 7. | Bitcointalksearch.org

CaVO32

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Quote from: FinneysTrueVision on March 07, 2021, 06:08:38 PM

The market is not bearish yet because we are still way up from the beginning of the year. The price is currently over $50,000. It might've gone down for a few weeks after hitting it's ATH but has quickly rebounded after a temporary correction. Things are still bullish to me so I would take this opportunity to stack the dip.

The bearish situation depends upon when are you comparing it with. Last year or at the start of this year or compare it with the ATH price? Because if your reference is the previous years, it is by any means we are not in a bearish season but still in bull season. In what year have you seen bitcoin's price to reach the 40k+ level? Only this year, right? So I don't get why people are asking this question whenever they see bitcoin's price go down from what they want it to be? It is not always straight line here, at some point, there will be dips.

FinneysTrueVision

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The market is not bearish yet because we are still way up from the beginning of the year. The price is currently over $50,000. It might've gone down for a few weeks after hitting it's ATH but has quickly rebounded after a temporary correction. Things are still bullish to me so I would take this opportunity to stack the dip.

batang_bitcoin

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Quote from: tippytoes on March 06, 2021, 06:09:31 PM

Quote from: batang_bitcoin on March 06, 2021, 06:05:19 PM

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?

Just because of red candles, you are thinking that it's already a bearish season. I think you don't need to look at the day to day candles and charts.
If you look for the months charts, you'll see that it's not yet bearish season. The corrections are normal to the market and just because it has come, you don't think that it's already bearish.

And look at the price right now, still almost 49k, and get the chart for even one year, and tell me if we are in the bearish market. Not because we are below the ATH, it means we are now in the bearish season. Just normal correction of the market. And if you see the 1-year chart. I don't think you will say that we are in bear season.

Way back a few month ago, you won't see this massive price for bitcoin. And that's why it's far from being bearish and I think there's this effect from the past that whenever we see such massive price and rise, whatever correction comes, they'll think that the time has come and it's already the bearish season that's being expected. So far, the month of March which is also believed with that effect just as last year is still good as it is and we're still up than December 2020's.

boltz

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Just because Bitcoin had the correction that most of us was expecting to happen at some point it won't mean that we are already into the bear market. For now the bull market is still in full force over the markets and I have a feeling it can blow up in price anytime soon.

Bear market will have the its presence way more brutally than a 10k drop and we know it.

Ridwan Fauzi

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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?

I'm not sure but I have a presidiction that bitcoin price need a correction, although if we see to the high time frame like monthly and weekly time frame there is a sign that bullish market is still strong.

But, fundamentally has given a bad sign that there are some bas newa which can make the movement price will lead to bearish market. Some stocks has been decreasing maybe it just a trader strategy to take some profit.

Some investors will be closely look to 1.9 T stimulus from US government. Because this thing will lead all stock market and crypto currency movement will be more volatile. So, the current bearish movement is just for a while we will see a huge increase later.

MCobian

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I still think Bitcoin is currently in a bullish trend, because the Bitcoin price is still stable above $ 40k. Bearish season is coming when Bitcoin corrects
below the price of $ 40k, if we see a very strong support price at $ 47k. It is very unlikely that in the near future Bitcoin will drop below $ 40k,
so in other words the bearish season won't happen any time soon.

Jaered

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Quote from: decodx on March 06, 2021, 06:09:57 PM

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

What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Nah, we're still good. You just have to zoom out a bit. Cheesy

Yeah, I have seen the graph. Looks more like a mad awaited correction. I hope the growth continues. Mainstream adoption is on its way

jaberwock

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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?

I do not think that we are in the bear levels just yet, we are doing fine so far and that is why I believe that right now we are not going down that path, sure we could drop in price time to time but that is just correction and we are not there just yet, I believe we could potentially reach to a higher level in the end even after the falls. Look at what happened when we first reached 41k, we dropped to 28k and reached to 56k after that, look at what happened when we went down to 43k or so after that, we reached over 50k once again.

So, I believe just because we have some falls doesn't mean that we are in bear time just yet. I believe we are going to end up with a bigger and better price in the end, it will take some time but it will not be that ugly anymore, I believe a bear run like 2018 will never happen from now on and that makes me happy about the future of crypto.

Oceat

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Quote from: slaman29 on March 07, 2021, 09:12:36 AM

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Nah, I think have the right to ask if he's not used to the market because maybe he already suffered from the losses in 2017. You know how things went sideways in 2017, right? After the bull run of hitting $20k ATH it suddenly dropped faster than anything plus the correction kicks in then the whole market is in total red.

But this year, this bull market it's quite different from the last one that we had since there's little fud now compared in the past which is people can easily be drawn by the sudden fud then after that the whole market would be in bloodbath already.

I don't know yet when will the bloodbath going to occur that would lead the bear to follow but let's take this moment to gather and earn our desired profit until the bear market comes. That would be the best time to reinvest again if you have the money for the next season of bull market.

Jating

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Quote from: ultrloa on March 07, 2021, 09:20:07 AM

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?

Are you afraid of big crash coming due to bear season? Well there's nothing to afraid off since by now we have big whales(investors) supports bitcoin and they will never let bitcoin fall since this is how those people earn with, also there are so many bitcoin supporters has been gather which adopt bitcoin so we'll so if you find those red candles striking up meaning it's perfect time to buy and earn when market goes green again.

Amazing to see bitcoin going on green again and so is the rest of crypto market.

So there's no red candle, we are on the recovery stage again, $50k-$52k again in the next couple of days and it we get lucky and we sustained this run, we might see $57k so we are out of the bears hand. And with that said, correction is over, the usual every month of like three weeks of good phase then followed by a week of selling off/taking profits, the usual run.

ultrloa

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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?

Are you afraid of big crash coming due to bear season? Well there's nothing to afraid off since by now we have big whales(investors) supports bitcoin and they will never let bitcoin fall since this is how those people earn with, also there are so many bitcoin supporters has been gather which adopt bitcoin so we'll so if you find those red candles striking up meaning it's perfect time to buy and earn when market goes green again.

slaman29

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Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Theb

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Analyzing the charts of any asset isn't always about looking at the color of the candlesticks as that is just simply too plain for you to make out of any conclusion. If you wanna determine if the crypto market is in a bearish period just take a look at the chart of the market leader which currently is Bitcoin and look for its volume and RSI and you will see that the market is not on a bearish period. Volume is so-so and it will tell you that nobody is offloading (at least massively) their position. The RSI as well will tell you that surprisingly it still on the overbought level confirming that nobody is still selling Bitcoin up to this moment. In order for you to determine if the crypto market is in a bearish period you need to see that Bitcoin's trend is on a reversal and instead of going up it is now going down together with increasing volume as it is going down.

crzy

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The market is trying to recover again, but it looks like we are having a hard time to break the price of $51k with Bitcoin, its too early to say that Bearish trend can happen soon, early than expected. Bearish trend will always appear just like what many speculation say, and the resistance are getting stronger that makes Bitcoin more volatile, bear is coming.

chikading2016

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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?

If you are in crypto for almost 3 or 4 years maybe you will know the answer, if we saw red it doesnt mean that it is bearish there would be a great posibility that some whales are working so that they can get profit specially to those who have a weak hands and lack of patience to hold.

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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?

Where do you see red candles ? Bitcoin reached 58K and today bitcoin is 50K. Just 8000$ less than all time high and you think this is bearish ?

No crypto currency can move straight up. There will be correction in between. If you see few days of red candles, then you don't need to worry. Bitcoin needs healthy corrections in order to move up further.

decodx

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Quote from: mk4 on March 06, 2021, 09:37:07 PM

We just literally ran up from the sub $10,000 range and peaked at $57,000. And after having a few red days down to the $45,000 range people are already calling bearish? Like no offense, but do you actually think a bull market means we literally go up in price every single day for months without pullbacks? Because that's unrealistic as hell.

Honestly, I don't know what he actually thinks, but every time Bitcoin has a small pull back, a thread (or two) like this appears. This has already become a common practice on this forum. Wink

Kemarit

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As others have pointed, I wouldn't say that we are in the bearish season, we haven't seen the top of this bull run so how come we are entering the bearish phase already. Probably he is so impatient and thinking that bitcoin can go on parabolic rise, last 2 months we have a dip of 20%-26%, but we have bounce back and maybe this is the case again this month.

We just broke $50,000 again so let's see how it goes, it's going to be Monday in the next 24 hours, full of action again so let's see how the price will be. If we didn't increase, but just maintain this trading sideways then take this as another opportunity to buy.

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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?

If bitcoin at 50k is a a bear market then the bears can make themselves at home. People are overreacting like they do most of the time, what we have been seeing in the market is just natural, it was impossible even for bitcoin to go up all the time, some people are selling in order to book some profits, others are panicking and some others are doubtful about what to do, but if I were you I would not worry about such small movements of the market.

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Make no mistake, correction, we cannot call Market Bearish when MIcroestrategy with its shares falling to 50% and they buying $10M in Bitcoin, also the volume gives a lot of information, the millionaires want more Bitcoins, maybe this correction is to take away the Bitcoin to weak hands, these are the tactics of the market. These strategies have been used since the Stock Market since the 1800s, in addition to the rumors that Netflix wants to buy Bitcoin, in turn Amazon, so good things are coming ...

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