Topic: No strength in Bitcoin in higher time frames - page 6. (Read 1262 times)

Larger time frame shows picture of where  Bitcoin intends moving to in a long period of time and it's typically meant for holders or position traders and it's more profitable to those with larger capital to fit into the waves of the market because no trend lasts for ever and in as much as technical analysis moves the market 70% of the time fundamental analysis can always cause a major correction. For now I advice trading shorter time frame and take advantage of the volatility then because a correction can occur anytime because price has gone down and it's risky selling at this point

We'll just be getting in red again...
I'm not supposed to think about the bear market but something we can't stop, that gonna be coming again. If the situation will never change, we expect a price to continue to dump. I can't make a final say but I was thinking now that this year 2022 is not a good year for crypto. We possibly making another round for bearish season just like the old days. I hope this will never take so long like it happens last 2018-2020.

You think bitcoin is in bearish mode ? I mean are you serious. No market can move in upward direction only, market correction is inevitable after a massive bull run. If you analyse price of Bitcoin then it has strong resistance on 42k that's clear indication that momentum is building for upword run. It's better to accumulate bitcoin at this point rather concluding that bitcoin is weak.

i never use silly charts about market price 'trending' of things like MA30

instead i use the mining cost of cheapest to highest costs to get a view of the window of value that the price sits within.
Eg no one on the planet can mine cheaper then the bottom. so no one wants to sell cheaper then the bottom
Eg everyone on the planet can mine cheaper then the top. so no one wants to mine, when they can just buy for less

as you can see. mining costs are in a bull. upward trajectory(right half of imagine in blue and purple). as of the start of july last year (steady bull)

and although the price in orange is in a small bear as of november. its (january2022) bear is near the bottom of the value window,

2 events can happen
1. users realise that unless they have the cheapest electric on the planet they cant mine this price. and see good value in buying, meaning the price in orange goes to bull..
2. miners give up. causing the mining value in blue and purple to go down, wwhich can then allow the price to go down within a new lower value window

point (2) is less likely to happen because those at the cheapest price. mine no matter what.
their costs can come down. not by switching off. but by the more expensive miners switching off meaning the ones at the bottom get more coin share per block. thus cost per coin then benefits them.
which is the small occassions when the mining costs go bear

It doesn't feel like we are moving into a bear market. We are already in a small bear market but will be close to the next recovery. Falling prices always seem a bit like it can only keep falling until we hit the floor. But who knows what the floor price actually is? Expecting to see price of 30,000 USD or 25k is not realistic in my opinion. A lot of investors didn't sell their bitcoins at 50, or 45,000 USD, so why should they be selling now below 40? Also the lower the price is the more it seems attractive to buy new bitcoins. Like last year when the market rallied again after going below 40,000.

I think this is honestly a lot of conjecture here. Bitcoin is first of all already over 40,000 so I’m not sure what you mean about the $40,000 thing. I also don’t think it’s weak right now. It sure seems like it’s been holding strong at the 40k mark.  I think bigger chunks of alt coins may be selling off having nothing to do with bitcoin and everything to do with the fact that they are garbage.

I do not think bitcoin is very weak, not because bitcoin still has the power to lift the price soon. If you see the price is down, you can consider that it is just a correction that always happens to bitcoin and we already see that happens many times.

You must be patient at this moment to see your chance to buy more bitcoin because that moment can happen in the short term. But if you do not want to buy more bitcoin, you can hold it and still be patient to wait for the price increase again.

Positive and negative news about bitcoin is still the dominant factor of bitcoin price movements every day and there are many factors that must be taken into account to predict bitcoin price which in my opinion bitcoin price is not easy to predict in any way accurately.
and at times like this our patience is tested with the direction of bitcoin which is not known direction, even though what is happening now is that bitcoin price movements are normal and what has happened will happen again and so on which will experience the same incident with a different story.

It seems to me that Bitcoin is holding the $40k barrier very strongly. There are fluctuations because people keep buying and selling, but I don't see a negative trend happening. It goes up and down in cycles that often take months, and overall I think we won't see the price well below $40k, unless something significant happens very soon (something like a big company pulling hundreds of millions of dollars out of Bitcoin or more, triggering a panic selling wave). Also, I don't think the current price is bad by any means. Just a few years ago, $20k seemed unreachable, and now people aren't happy with twice as much.

That's quite possible especially when GBTC is trading 25% below the spot prce of BTC. GBTC price suggests that the investors are leaving the arena. We don't know the reason though. They could be realizing their profits or maybe they are expecting a huge interest rate hike from the FED. Either way, it doesn't look good for crypto nowadays. This year will be bearish probably.

The price is relatively stable and there is not much volatility so should that be a sign of weakness? You read too much anti-Bitcoin propaganda that could hardly wait to start stories like this, because when the price doesn't rise, various journalists and so-called experts start digging a new grave for Bitcoin, but the outcome is always the same, they fall into that hole themselves.

$40k is no important level, not even $30k, the bottom is lower than that, confirmed several times over the past year. Those who want to accumulate even more at a lower price would certainly not mind $ 2X,000 at least for a while.


This is quite normal, all these so-called alternatives just stick to Bitcoin on which they depend. People who believe that crypto winter is coming know that altcoins will be hit the hardest, some will disappear completely, others will become worthless - garbage should be disposed of as soon as possible. I guess something has been learned from the 2018 example.

Its what we like to call a correction. Everything that goes up, must come down. This is just a natural law and goes for bitcoin as well. A bear market would be many downs and only a few ups. We would have to wait a few months before we see anything we can call a true bear market. Remember 2017 to 2019? Thats a bear market. This, is a cub market, at best. With little teddy cubs with cute paws.

Try not to panic sell.

I really don't think so, as in your thoughts about Bitcoin being weak in the higher time frames, that is what should happen I believe if it is close to the bottom of a correction.

First correction came down -50%


And this time, around -42%


I still believe we are coming to the bottom of the second correction because BTC has not broken the blue upward trendline downward and I also think the $41k yellow line will also act as another strong support but if BTC happens to break these two downward, that might call for concern to me but for now, not. Even the weekly candle is still above both lines.

This is the million dollar question. We have seen it asked quite a bit lately on the forum and, no one has a certain answer, otherwise if you could predict it you would become a millionaire.

As we are in uncharted territory we will have to see how the first few months of the year go at least to see. I believe we can beat the 2021 ATH this year, but some people think that was the top of the cycle. Others think we are in a somewhat delayed cycle, and that the best is yet to come.

The hope is there if it's about the bull run.

But, we cannot assure that it will be going continuously as much as we like it. The best thing you have to do is to think of the worst that's yet to come.

This is crypto and as usual, it's volatile as it is and we're going to see the worst that it can show us but at the same time, patterns could easily be broken by it and the best can be the ones that it can show.

Bitcoin fell many times in price, but after a while it invariably rose even higher. I think it will be the same this time. So far, there have been no objective reasons for the fall in prices, which means that the market, most likely, is a game of whales. They always knock weak hands out of the market before a significant price increase. This brings them a good profit. Bitcoin just needs some time to gather its strength. I do not think that the current state of price decline will last long.

Don't panic, patience and persistence are normal fluctuations for bitcoin. Many are waiting for the pump, according to forecasts by the end of this year, otherwise everything seems to be regular

Bitcoin doesn't look weak to me. Transactions are processed, mining works, all looks good.
Or you mean that the volumes at exchanges aren't that great? Well.. we can't have everything.


This is the altcoins' problem/weakness. It has always been.


I don't know. But any answer you'd get would be a speculation, hence it may be better if you move this into Speculation subforum. (see bottom-left of this page).
As speculation.. some fear for the worse, some tell that a pump is near. I don't know...

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?