Is This Chart Bullish or Bearish? - page 2.

hd49728

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Quote from: ven7net on June 16, 2021, 09:28:18 AM

I think it looks more like a good correction, after which there will be strength for the main growth. When it comes to trends, trends usually need to be viewed over a long period of time, and this chart may just be part of a bull market. But if we consider this graph in the short term, then there was probably a fall and now it has stopped and large players are making purchases.

It would be a side way time for the whole market. I am not waiting for any big rally too soon. Bad news are out every day and the market can not recover with bad news. Stay calm and wait for good news, daily good news, not one good news in one day among dozen days of bad news.

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Corrections are part of the market and we are growing big time because we are able to rise again after so many corrections and I see that one healthy for a long term goal with cryptomarket. The chart says a bearish trend, but it goes sideways right after hitting the bottom and that is because whales are catching Bitcoin at the bottom and we can expect the next trend is up trend, just be patience and ride with the whales, keep buying.

Corrections in bull market will be healthy but the issue is people don't know what type of market is right now. Some think it is a healthy correction in a bull market, some think it is a start of a bear market and the bull market already ended. Who is right, only time can say.

If you are not sure about the market but don't want to lose money, sell all and get out of it. You won't get more money but at least you won't lose anything if the market is really bearish.

Quote from: Bitcoinjheta on June 17, 2021, 10:44:24 PM

There is a little downtrend after the value of bitcoin bounced back at $40k though we can't say it still bullish because there is no significant sign that make the market going crazy nor bearish since the movement goes up and down playing around $30-40K. Let us follow the trend what will happen in the next few weeks.

The market is bad and people believe it is in a down trend. The failure to break above $42,000 make people think more of a bear market. Altcoins are looking at Bitcoin and when Bitcoin is red, most of the market is bleeding.

Bitcoinjheta

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There is a little downtrend after the value of bitcoin bounced back at $40k though we can't say it still bullish because there is no significant sign that make the market going crazy nor bearish since the movement goes up and down playing around $30-40K. Let us follow the trend what will happen in the next few weeks.

ven7net

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I think it looks more like a good correction, after which there will be strength for the main growth. When it comes to trends, trends usually need to be viewed over a long period of time, and this chart may just be part of a bull market. But if we consider this graph in the short term, then there was probably a fall and now it has stopped and large players are making purchases.

tokeweed

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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...

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Quote from: adaseb on June 14, 2021, 11:10:32 PM

I at first also assumed it might be bitcoin reversed however when we hit $42K ATH and we came close to retesting this area, in the chart below it didn't come close to the pivot so I knew it wasn't bitcoin.

The chart is basically short term bullish but long term bearish. It had a long downtrend and its time for some upside. It had a failed low and it also breached the prior pivot high and made a new higher high as it bounced.

So most likely it'll go a little higher however it'll eventually run into some resistance and probably start to head back down. If it goes back down it'll probably resume this trend and break to newer and newer lows.

Unfortunately I have to agree to a point. short term bullish because of some corrections and of course you-know-who giving some stupid hope to speculators, but the medium term of months does look like it could drop below again if 45k isn't met this month.

Long-term is still bullish though I'd say, but this is talking about next couple of years. I can't see below 30k as new support otherwise prepare for worse.

globalpain

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Quote from: ancafe on June 15, 2021, 02:54:40 AM

I think, looking at the chart, the downtrend seems to have stopped, and an uptrend will soon occur. however, depending on the conditions. if there is negative news from the token, the price will be dumped again. however, from the chart that I saw, the price might go up again. Well, I'm just speculating based on the chart, and it looks like it.

I quite agree with your opinion and we can also see for ourselves that little by little it goes up,
I don't know if in the near future an uptrend will occur or if the downtrend will continue,
We need to follow the progress so we know what will happen in the future

ancafe

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I think, looking at the chart, the downtrend seems to have stopped, and an uptrend will soon occur. however, depending on the conditions. if there is negative news from the token, the price will be dumped again. however, from the chart that I saw, the price might go up again. Well, I'm just speculating based on the chart, and it looks like it.

coco23

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So has it been revealed which coin the chart was from? Maybe OP could reveal it now more than 1 month after the original posting. The suspense is killing me Wink

onecall123

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Quote from: ingiltere on June 14, 2021, 05:40:22 PM

I wouldn't say it's bullish neither bearish, looks sideways to me and since we don't have timeframe in the chart I wouldn't say downtrend reversal confirmed. Looks more like an accumulation phase, needs more volume (which we also couldn't see from this chart). There is no upper channel forming yet. I would wait for trend reversal confirmation before blindly jump in that coin.

No doubt. we may break the long downtrend but there are some big sell pressure. To me market sentiment looks good, but it's not confirm bullish or bearish clearly. There might be possible dip is coming, those missed out Sunday dip you still have chance to buy. I'm loading up and rest keep my money on hold as I'm sure the price movement not over yet. Let's hope for the best.

adaseb

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I at first also assumed it might be bitcoin reversed however when we hit $42K ATH and we came close to retesting this area, in the chart below it didn't come close to the pivot so I knew it wasn't bitcoin.

The chart is basically short term bullish but long term bearish. It had a long downtrend and its time for some upside. It had a failed low and it also breached the prior pivot high and made a new higher high as it bounced.

So most likely it'll go a little higher however it'll eventually run into some resistance and probably start to head back down. If it goes back down it'll probably resume this trend and break to newer and newer lows.

Johnyz

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Quote from: Cherylstar86 on June 14, 2021, 06:37:24 PM

There's a slight bearish market in this chart from previous days, but looking unto the latest chart update recently I see a positive signs that we're going to experience another price outbreak.
Unexpected times will fall upon every week, and definitely we should be more careful in every actions that we made. Day trading isn't certain for now, so we must be careful now because one day market will be back to green again.

That’s a bear chart but we are on a different situation now, we have to break the resistance to reverse the trend. We’ve reached $40k again with Bitcoin and that’s a good sign of market reversal, we just have to wait and stay above this level. The market is very volatile that anything can happen, always look at the chart and use this as your guide in buying and selling.

Cherylstar86

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There's a slight bearish market in this chart from previous days, but looking unto the latest chart update recently I see a positive signs that we're going to experience another price outbreak.
Unexpected times will fall upon every week, and definitely we should be more careful in every actions that we made. Day trading isn't certain for now, so we must be careful now because one day market will be back to green again.

ingiltere

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I wouldn't say it's bullish neither bearish, looks sideways to me and since we don't have timeframe in the chart I wouldn't say downtrend reversal confirmed. Looks more like an accumulation phase, needs more volume (which we also couldn't see from this chart). There is no upper channel forming yet. I would wait for trend reversal confirmation before blindly jump in that coin.

michellee

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Can you tell the name of the altcoin in that chart?
I think it could down for a while and break for the next hours. I guess that chart show monthly, so it could hard to analyze more. I hope there is another timeframe image that can give more information on where the coin will move. The chart looks bullish monthly, but we do not know how the coin will move weekly, daily, hourly, so that will be still hard to say that the coin is in the bullish trend.

hd49728

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Quote from: Julien_Olynpic on June 11, 2021, 12:33:57 PM

This chart looks bullish. Now all altcoins are synchronized in one way or another with bitcoin and repeat its schedule. The topikstarter schedule is also no exception. The graph shows re-accumulation. This is a re-accumulation before going up, that is, before the pump. In my opinion, this is a good entry point. But, of course, the risks of the "black swan" must be taken into account.

It is bulllish, try to break out but if you think of it as an inverted of a real chart. The inverted trend of bullish is bearish. @tokenweed has never talked what is the asset in this chart and is it a real one or an inverted of a real one.

With bullish, you talked about risks from Black swan events and the invert of it will help the market breaks out from a bearish trend. In 2019, President Xi and his announcement in China help the market broke out.

If this chart is about Bitcoin, what is waiting for us?

Julien_Olynpic

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This chart looks bullish. Now all altcoins are synchronized in one way or another with bitcoin and repeat its schedule. The topikstarter schedule is also no exception. The graph shows re-accumulation. This is a re-accumulation before going up, that is, before the pump. In my opinion, this is a good entry point. But, of course, the risks of the "black swan" must be taken into account.

sarmrakib

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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.

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 .

hd49728

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Quote from: GreatArkansas on June 09, 2021, 09:44:24 PM

Next time if you will share a chart, it is much better to show also the timeframe. Another piece of advice is also to try looking at different timeframes, it may help you to analyze, not just in 1 timeframe especially if that timeframe is the low timeframe.

Btw for this chart, for me it is showing breakout, the resistance broke out and now that resistance is acting a support which is pretty good.

It is what tokenweed tried to hide in the unnamed chart. The inverted version of breakout is crash. The chart is the inverted chart of Bitcoin, if I am not missing anything.

Correct me if I am wrong tokenweed.

I agree with Great Arkansas that a full time frame is important. It help to decide that break out or crash is temporarily or a begin of a long trend, bull or bear market.

Bitcoin market can fall more but the bull trend will not be broken with price is hanging around $20,000. It is the important point of full time frame from Great Arkansas.

Bitstar_coin

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If you see potential in the project why not pick up a handful of it since the price maybe a lot cheaper than what it use to be few weeks back I presume, maybe nobody can give the exact state of the chart you presented, if about to be bullish or still on down trend, but to me, I feel buying it while it is cheap now won't hurt your wallet much, even of it will dip, it won't be as severe as last few days, just imo, market is highly unpredictable, you never know how fast will be the reversal.

GreatArkansas

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Quote from: tokeweed on June 07, 2021, 11:28:48 AM

^ Really? This chart doesn’t look like it’s breaking out to you? Cos it def looks like it’s breaking out to me. And it’s kinda choppy but it looks like it’s also forming a standard cup and handle before another leg up. What do you guys think?
If it breaks out its January highs, it could go straight to the moon! Cheesy

https://i.imgur.com/srhA2vb.jpg

Next time if you will share a chart, it is much better to show also the timeframe. Another piece of advice is also to try looking at different timeframes, it may help you to analyze, not just in 1 timeframe especially if that timeframe is the low timeframe.

Btw for this chart, for me it is showing breakout, the resistance broke out and now that resistance is acting a support which is pretty good.

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