Is This Chart Bullish or Bearish? | Bitcointalksearch.org

SaShiRaJaVu

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Quote from: tokeweed on July 19, 2021, 11:29:34 AM

But how about now? I mean by now it should be pretty obvious that the down trend has already been invalidated. And it’s starting to trend back up.

The volume is kinda low and declining but it’s still probably accumulating before another leg up.

It might be accumulation phase, when i saw the market in red for continuous days i expected the market to go down further but still the Bitcoin market is holding up above $30k even though the altcoin market took a huge dive as some of the coin had a correction of above 15% and if you are holding the top coins in the market there is nothing to worry but for new investors who invested listening to the hype might have burned themselves.

speedforce

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Im not sure, its on a kind of strong resistance, if volume low its will turn bearish, but if volume high and can surpass the resistance it could be bullish.

tokeweed

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Quote from: Stedsm on July 17, 2021, 04:54:09 PM

Chart is bearish all in all because major support was broken, though, the falling wedge breakout may show some recovery but if BTC doesn't remain stable or falls more, then I guess your coin will also continue its downtrend and as this is a steep fall, I believe it's better to stay away from such coins as they might continue to fall further due to the overall market trend being bearish.

But how about now? I mean by now it should be pretty obvious that the down trend has already been invalidated. And it’s starting to trend back up.

The volume is kinda low and declining but it’s still probably accumulating before another leg up.

ethereumhunter

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Quote from: BitTraderCute on July 17, 2021, 09:22:39 AM

Quote from: ethereumhunter on July 16, 2021, 08:41:09 PM

I prefer to wait for a while, maybe until this weekend because bitcoin price now seems does not moves anywhere. If the price is still going down, that will be a good time to buy bitcoin. The trend is at the bear trend, but the price may be like this as we saw before. The price movement is still unpredictable, but maybe it will still go down until $30k so we need to be careful and analyze deeper to find the next signal.

price still look sideways in limited range, maybe it need new trigger for drive bitcoin price. At this moment news in market doesn't enough to drive market , investors prefer wait and see to see how market will moved. Maybe most of them waiting lower price to buy with huge amount. Personally i am analize bitcoin price will soar first to 40-42k level before test the bottom again.

We are all waiting for the price to go down to buy back bitcoin at a low price. The price is still up and down until now and it makes us feel difficult to determine when to trade. When we can buy bitcoin at a low price, we can buy it with a huge amount of money and if we can hold it until the price increase so high, our profit will be bigger. But to make a big profit will need patience and not all of us can do that.

Stedsm

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Chart is bearish all in all because major support was broken, though, the falling wedge breakout may show some recovery but if BTC doesn't remain stable or falls more, then I guess your coin will also continue its downtrend and as this is a steep fall, I believe it's better to stay away from such coins as they might continue to fall further due to the overall market trend being bearish.

djgtr

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Quote from: tokeweed on June 16, 2021, 08:52:19 AM

Quote from: sarmrakib on June 10, 2021, 10:22:16 AM

Quote from: tokeweed on May 13, 2021, 07:16:03 AM

Ey guys, I need your help. Here’s a chart of an alt I’m interested in buying but I’m not really sure if it’s starting to look bullish or if it’s down trend continues... I mean with the whole market being in the red and all.

But just by looking at the chart, without bias, and just by optics or how it looks, is the chart bullish or bearish?

Edit: I won’t tell you guys the name of the alt for now. I’ll tell you later.

This pin bar chart clearly shows that its a downtrend .You didn't clear the time frame of the chart .However at the end of the chart i am watching a positive momentum and a good small bullish trend and i think it will continue .Its could be much clear if it is candlestick .However i just actually wanna know the coin name i can tell you much and more than .

Does it look like it’s in a down trend? Here’s an updated one with the time scale shown below. I’m not really sure what you see but it really looks to me like it broke out from the bottom and it’s now looking like it’s retesting if the resistance has become support. Dunno... A lot of you seem to be the better traders around here so you tell me...

Most of the altcoin are now down because it is affected by the falling of the price of bitcoin. Bitcoin now drop down to 31k$ at price so there is also a possibility that the altcoin on price chart may drop down. But there are also so many altcoin that continue to rise even if the bitcoin fall so I think we just need to wait for the next update hoping that bitcoin will rise back soon.

BitTraderCute

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Quote from: ethereumhunter on July 16, 2021, 08:41:09 PM

I prefer to wait for a while, maybe until this weekend because bitcoin price now seems does not moves anywhere. If the price is still going down, that will be a good time to buy bitcoin. The trend is at the bear trend, but the price may be like this as we saw before. The price movement is still unpredictable, but maybe it will still go down until $30k so we need to be careful and analyze deeper to find the next signal.

price still look sideways in limited range, maybe it need new trigger for drive bitcoin price. At this moment news in market doesn't enough to drive market , investors prefer wait and see to see how market will moved. Maybe most of them waiting lower price to buy with huge amount. Personally i am analize bitcoin price will soar first to 40-42k level before test the bottom again.

ethereumhunter

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I prefer to wait for a while, maybe until this weekend because bitcoin price now seems does not moves anywhere. If the price is still going down, that will be a good time to buy bitcoin. The trend is at the bear trend, but the price may be like this as we saw before. The price movement is still unpredictable, but maybe it will still go down until $30k so we need to be careful and analyze deeper to find the next signal.

viananda2525

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Quote from: Xinarae* on July 16, 2021, 09:17:36 AM

Quote from: Hendra gunawan on July 16, 2021, 08:14:27 AM

Bitcoin chart today is still sideways. With prices between 30k to 36k. But bitcoin support at 30k is quite strong, this is a good opportunity for those who want to buy. Because when touching the support is usually the price will rebound towards the resistance.

Looking at the charts it seems that the price of bitcoin will increase a lot so there is a golden opportunity to hold bitcoin. Prices are expected to rise later this year prices are down now but wait this resistance will break and go up.

we have good support from good news that said Bank America will allow customer open futures trade. maybe it could drive bitcoin price in next few weeks or months ,moreover this news release in bottom price. Hopefull we will see hype anymore to bitcoin and altcoin market so it is be good opportunity to earn profits.

Xinarae*

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Quote from: Hendra gunawan on July 16, 2021, 08:14:27 AM

Bitcoin chart today is still sideways. With prices between 30k to 36k. But bitcoin support at 30k is quite strong, this is a good opportunity for those who want to buy. Because when touching the support is usually the price will rebound towards the resistance.

Looking at the charts it seems that the price of bitcoin will increase a lot so there is a golden opportunity to hold bitcoin. Prices are expected to rise later this year prices are down now but wait this resistance will break and go up.

Hendra gunawan

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Bitcoin chart today is still sideways. With prices between 30k to 36k. But bitcoin support at 30k is quite strong, this is a good opportunity for those who want to buy. Because when touching the support is usually the price will rebound towards the resistance.

Woodie

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Not sure what time frame this chart represents to get a directional bias but based on what I can I see using ICT trading

this a bullish market as there was a break of structure on the upside...which means price will retrace a bit to the downwards to find the demand order block and will reach for the stars(go upwards).

tvplus006

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Quote from: tokeweed on July 15, 2021, 11:15:19 AM

Check it out. It’s looking more beautiful by the day. Would you guys buy into this now or wait for a correction? It looks like iit’s ready for a break out followed by a big move going up.

Just keep it simple and use optics. What do your eyes see?

It is clear that the price has found its support, but at the same time it cannot break through the resistance. But my opinion is that the further movement of the coin will depend on the movement of BTC. This coin will move in the direction in which the price of bitcoin will move.

Handsome Boy

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Quote from: tokeweed on May 13, 2021, 07:16:03 AM

Ey guys, I need your help. Here’s a chart of an alt I’m interested in buying but I’m not really sure if it’s starting to look bullish or if it’s down trend continues... I mean with the whole market being in the red and all.

But just by looking at the chart, without bias, and just by optics or how it looks, is the chart bullish or bearish?

Edit: I won’t tell you guys the name of the alt for now. I’ll tell you later.

if the market is correcting, then of course it is very difficult for us to predict whether the chart is in a bull run or bear run, but I believe as long as the market is still experiencing a correction, then of course almost 80% of cryptocurrency will definitely experience a bear run too, but if you really want to invest in these altcoin, then now is the right time, because the market is still experiencing a correction, so if the market starts to grow again and there is a bull run, then of course you will get a lot of profit from investing at this time, because we never know when the market will start to recover (could be in the near future or even in a long time), so it's better for you to buy these altcoin now than you are late.

hd49728

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Quote from: tokeweed on July 15, 2021, 11:15:19 AM

Check it out. It’s looking more beautiful by the day. Would you guys buy into this now or wait for a correction? It looks like iit’s ready for a break out followed by a big move going up.

Just keep it simple and use optics. What do your eyes see?

Bullish but it is trying to break out but the volume is bad, smaller than previous failed break outs. So it will fail this time.

If reversing the chart, it means that coin will bounce back very strong.

What chart do you want to discuss? This chart or a reversed chart?

tokeweed

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Check it out. It’s looking more beautiful by the day. Would you guys buy into this now or wait for a correction? It looks like iit’s ready for a break out followed by a big move going up.

Just keep it simple and use optics. What do your eyes see?

onecall123

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^ I agree with you. Again, still plenty of time to plan, recover from the dip, and earn profits. So, better wait for your assets to recover from the dip, likely it's already starting. Problem is some people are extremely worried, just don't panic. Don't take my word for it. Do your research first.

tokeweed

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What about now guys? Is this looking bullish or bearish? This alt is really starting to look bullish imho. It could be another great spot for another break out.

... It’s just creeping up higher and higher week after week.

judaspriest

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Quote from: nomenclatur on June 22, 2021, 08:11:34 AM

it looks like a chart like this, it can be seen that there will be a bearish that is quite terrible the decline indicates that the bears market can happen faster I really wonder why everything can be affected and prices are difficult to predict when the Chinese state throws a tantrum in a way that this negative issue really makes altcoins even worse reading the charts and any kind of analysis doesn't mean the market has crashed right now the market is indeed in a very bad time to buy altcoins.

With what China is doing, it is indirectly very influential on current conditions in the market,
seeing conditions like this of course it will take a long time to see the market can bounce back,
the most important thing right now is to just keep up with the developments

nomenclatur

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it looks like a chart like this, it can be seen that there will be a bearish that is quite terrible the decline indicates that the bears market can happen faster I really wonder why everything can be affected and prices are difficult to predict when the Chinese state throws a tantrum in a way that this negative issue really makes altcoins even worse reading the charts and any kind of analysis doesn't mean the market has crashed right now the market is indeed in a very bad time to buy altcoins.

Topic: Is This Chart Bullish or Bearish? (Read 682 times)