Its a bull trap now - page 5. | Bitcointalksearch.org

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: Kemarit on March 04, 2021, 09:20:14 PM

^^, January we have 26%, and then February we have 23% dip, give and take.

They are opportunities to buy bitcoin at discounted price and buy up the dips.

Quote

But during those times the market didn't went on a bearish phase, but instead took a rest and then the price started to grow in the next 3 weeks. And I think this is what we are witnessing again, yes, past result doesn't mean it will continue, however, if we treat graph line a friend then we are going to see some similarities that may help us in our trading and being a investor in crypto, IMHO.

The Bitcoin wiki presents the price history of bitcoin and its growth from 2009 to 2021. Visit and see the section for Prices and value history, with the table "Bitcoin value history (comparison to US$)". Despite of rises and falls that are necessary for market, bitcoin price is increasing in 10 years.

Why look at minute, hour, day, week or month candles but don't look at year candles?

https://en.wikipedia.org/wiki/History_of_bitcoin

Kemarit

legendary

Activity: 3080

Merit: 1353

^^, January we have 26%, and then February we have 23% dip, give and take.

But during those times the market didn't went on a bearish phase, but instead took a rest and then the price started to grow in the next 3 weeks. And I think this is what we are witnessing again, yes, past result doesn't mean it will continue, however, if we treat graph line a friend then we are going to see some similarities that may help us in our trading and being a investor in crypto, IMHO.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: udayantha11 on March 04, 2021, 05:33:41 AM

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see. November to now almost 4 months came bull market without major bear signals.

Since the start of 2021, there are two big corrections with more than 20% of decrease. They are big corrections indeed but they are healthy correction for the on-going bull run. In bull market, corrections are fuel for higher price but if you are waiting for any big correction like 50% or more, hmm you will miss chances to hop on the bull train.

I don't care at which price bitcoin drops to but if it is more than 20% of correction, I am in definitely.

Quote

now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

Protect your money is good but your statement is not correct. Corrections are temporary but the bull is will keep going, not temporary.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: udayantha11 on March 04, 2021, 05:33:41 AM

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see. November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

Nah, I disagree, bitcoin for one has bounce back to $52k already, but it's a big mental barrier that's why the price dip to $48k now. But it doesn't mean that we are in a bearish market, there are still a lot of money flowing into the ecosystem, maybe there is some selling pressure, but that it. Nothing that we can call the the momentum has shift to bearish. The market is very bullish, it's just that obviously, we can't go on parabolic rise, traders do need to sell and take some profits.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: udayantha11 on March 04, 2021, 05:33:41 AM

November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

So your research is that because there are no major bear signals popping out for the past few months and you think that it's coming already? Most of the investments in Bitcoin are just coming in from institutions and they are just scratching the surface. The influence of one of the richest man should have enough capacity to make the bullish signal even stronger. Let's see.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Selling would be a good decision for you. I have doubts myself that we are already entering the bearish trend after all we have been bull for months and you can see this in the weekly and monthly chart that prices are all overbought through the RSI. If OP predicts it right, we're all going to be experiencing it again a long bear market. For someone to have funds I guess he should just sell.

DaMut

sr. member

Activity: 1274

Merit: 263

I am still expecting another last round of major bull in the end of the year, based on that my thought is we are going to see another small wave from here on and then a retrace until june which means it is not advisable to buy anything in the next 2 or 3 months unless you are an expert in scalping or day trading.
the market looks pretty exhausted in my opinion, there is no fresh money coming in. that is why we could see top altcoins are bleeding.
usually the sign starts from top altcoins and then goes to the rest.

cryptoaddictchie

legendary

Activity: 2254

Merit: 1377

Fully Regulated Crypto Casino

Quote from: udayantha11 on March 04, 2021, 05:33:41 AM

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see. November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

I can't say that is true but merely an opinion or speculation and also 2 weeks to 1month frame is not ideal to see whether we are now changing pace from bull to bear. But with the recent volatility, it's good for traders to buy and sell with this kind of market. I've been watching closely what will happened and safe already my funds for a big crash or a big pump.

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: udayantha11 on March 04, 2021, 05:33:41 AM

give opinion others.

That makes sense dude. As far as i know crypto has not ever faced the correction and it may come soon. This time the price of bitcoin is starting to jump and this could be a dead cat bounce but im not sure if this could be that consider bitcoin is still able breaking the 51k position.
It looks like the price of bitcoin will be very stable at this moment and altcoins will do that too.
The crypto market is starting to search for the best price floor.

memed97

full member

Activity: 1148

Merit: 101

From all that you have said, I only agree half of it, namely on the point of waiting 2-4 weeks from now if you want to invest, but on the other hand I also see some people who can still reap profits at this time so it is still more suitable to do a little investing at the moment although everyone should always be on the lookout for the bear market which is likely to come in the near future.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: udayantha11 on March 04, 2021, 05:33:41 AM

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see. November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

This advice of yours is good for newbies who doesn't know how to trade while the market is so volatile, that's why you need to learn how to do a technical analysis and also how to read the graphs since every movement is important if we want to trade. Most of the traders now are doing good trades on this current market standings so if you will be afraid about the current scenario well provably you will miss the profit these days.

udayantha11

member

Activity: 798

Merit: 17

2023 would most likely be as bearish as 2022

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see. November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

Topic: Its a bull trap now - page 5. (Read 897 times)