Topic: One more leg down - page 2. (Read 706 times)
Technical analyses are always guesses. I notice that there are technical analysts, so many of them in fact, whose optimism always prevails no matter the market. I don't know though if they are really optimistic or they're simply creating hype or FOMO. It is very possible they're simply trying to make people calm, continue to hodl, or even buy in the middle of the bear market. It's always like this with a lot of people. They're always bullish. They always see good things in the charts.
We can break up from recent sideways action if BTC proves itself above the slight decline we've had recently in price. The lowest prices have resembled a flat base but the highest prices have declined a bit , if that decline should be broken then I presume some relief rally upwards occurs and so greater aspirations still further.
Highest price 7 days ago was 30666, really quite a close target. Trade above that, hold for a day and see if it develops at all. These last 3 daily bars have been green hence I watch this further as a counter trend.
Highest price 7 days ago was 30666, really quite a close target. Trade above that, hold for a day and see if it develops at all. These last 3 daily bars have been green hence I watch this further as a counter trend.
you will never get trapped if you are investing the funds that you can afford to wait for long term because we knew that bitcoin always recovered though sometimes this took months or even Year.
bear is not always bringing sadness because there are many here that wanted this to come for their accumulating more and more cryptos.
so best to know what you are doing and never just let your intention fails because of dumping market, be ready for what to come.
Those who feel that they are trapped usually bought at highs and then the price unexpectedly dips and stays there for a while. Buying at highs is not a problem as long as we can be able to hodl and wait for the price exceeds our buying point. Bear can bring sadness for those who only want bulls and maybe they miss every bull that comes because they are greedy and want more price increases before they sell their coins.bear is not always bringing sadness because there are many here that wanted this to come for their accumulating more and more cryptos.
so best to know what you are doing and never just let your intention fails because of dumping market, be ready for what to come.
It is not bad to sell as long as you know that you can earn some profit already. Maybe there is one more leg down before we finally see this market rise consistently but it's fine if there were more leg downs to come.
I find this to be stupid.
What do you think? Is "another leg down" starting to get old?
Op, I don't think they're stupid , it's called speculation everyone is entitled to their opinion on any given subject matter.
When it comes to the money market , trading and investment anything is possible.
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Question......
Would you foretell we would have gotten to $24k ?, looking at how everyone was saying that 30k would be buttom for BTC.
This is why I say that the market is reactive and not predictive , change with the current changing market conditions.
who can tell? what i understand is when the price drops that Low meaning we need to buy more , but if the price climb high then better to sell , so that is scenarios we must understand .Would you foretell we would have gotten to $24k ?, looking at how everyone was saying that 30k would be buttom for BTC.
This is why I say that the market is reactive and not predictive , change with the current changing market conditions.
I believe that we should be profiting from the current situation because everyone is confused, and with DCA while going down, we could accumulate as much as we need to and whenever it goes up we could start selling little by little as soon as it hits the profit range and get ready for another fall.
Everyone also wants to profit from the leg down but it is not easy, it is still a risk looking like you are going to be trapped in there. Accumulation is what we desire but no certain way to get that to happen, now hodling the bear looks confusing like you don't know if the price keep crashing to down or if it is going for rise up soon.
bear is not always bringing sadness because there are many here that wanted this to come for their accumulating more and more cryptos.
so best to know what you are doing and never just let your intention fails because of dumping market, be ready for what to come.
I find this to be stupid.
What do you think? Is "another leg down" starting to get old?
Op, I don't think they're stupid , it's called speculation everyone is entitled to their opinion on any given subject matter.
When it comes to the money market , trading and investment anything is possible.
Question......
Would you foretell we would have gotten to $24k ?, looking at how everyone was saying that 30k would be buttom for BTC.
This is why I say that the market is reactive and not predictive , change with the current changing market conditions.
It's interesting to note though how many red candles we have seen in the past weeks? Is it 7 or 8? lost count already, but one thing is for sure, we are still not even half of the year and we have seen the price going below $30k. It this pattern continues, we might see another leg down or capitulation before the end of the year and it might not be really good.
We all know that it will be 40k+ it is not really a big risk, I am not saying that it is zero risks involved, but it is quite low risk and maybe this month or maybe next year however EVENTUALLY it will be 40k and we all know that.
It will be 40k again that I'm sure of but how long are we going to have to wait for it. If you bought at 40 and are now going to have your funds locked for a year it's going to suck for you.
I mean I wouldn't know if we will be 25k, or 20k or stay at 30k and go up from there, or whatever else happens in the future. If I had 100% sure way of knowing what will happen, I would just open a 150x leverage position and get rich very quickly. However, I can 100% guaranteed say that these "experts" have no idea what's going on.
I agree that there's more legs down than they usually predict, but they really like this term. Some say another "capitulation candle" some say another leg down" some say another breakdown, or another red candle. Now there are also people who say we could have another one to 23k and then someone will come and say there's room for another one below that...
Just the way these people operate. We were supposed to go to 30k in 2017. Tom Lee was calling for it. We were supposed to go to 1k in 2019 according to many youtubers. We were supposed to go to 100k last year and we are supposed to go to 20k this year. These are the same ouija board predictions.
Here is a chart of every week this year and last year. We are at the bottom pricing for whole range of prices. It does seem possible to be some area of resistance that can lead to a recovery but also theres no rule that further pressure does not cause great movement outside these boundaries.
So I marked out two highlighted lines, only the upper of the two lines holding as support is going to convince me we are in with a chance of moving back to the prior pricing. Perhaps we can check the 39k area even if we do fail that and then move lower.
So I marked out two highlighted lines, only the upper of the two lines holding as support is going to convince me we are in with a chance of moving back to the prior pricing. Perhaps we can check the 39k area even if we do fail that and then move lower.
We all know that it will be 40k+ it is not really a big risk, I am not saying that it is zero risks involved, but it is quite low risk and maybe this month or maybe next year however EVENTUALLY it will be 40k and we all know that.
It will be 40k again that I'm sure of but how long are we going to have to wait for it. If you bought at 40 and are now going to have your funds locked for a year it's going to suck for you.
I mean I wouldn't know if we will be 25k, or 20k or stay at 30k and go up from there, or whatever else happens in the future. If I had 100% sure way of knowing what will happen, I would just open a 150x leverage position and get rich very quickly. However, I can 100% guaranteed say that these "experts" have no idea what's going on.
And so we got another leg down. Is that going to be the last one or a final capitulation down to 25k?
In Europe the mortgage rates went so high they doubled in many countries, so those who bought real estate on credit got mangled by the system and spew out. Same if you tried to build a house and found out in the middle of doing it that materials went up by 100%.
I don't like comparing charts with 2014 and 15 because that was a time of very low liquidity and the time when we lost the biggest exchange in the space and also a time when China banned bitcoin for the first time. A lot of negative press and little adoption to keep the price up.
In 2018 the stable fair value was 5-6k. The fall to 3k for me was an unexpected deviation that's why we came back from it that fast and kept holding between 5k and 10k for another year. I feel like 30k is the 2018 6k. If we ever go below it's going to be a month or less and we'll be back at 30.
It will be 40k again that I'm sure of but how long are we going to have to wait for it. If you bought at 40 and are now going to have your funds locked for a year it's going to suck for you.
in this case the hedge is real estate. big profits and gains here in usa.
In Europe the mortgage rates went so high they doubled in many countries, so those who bought real estate on credit got mangled by the system and spew out. Same if you tried to build a house and found out in the middle of doing it that materials went up by 100%.
As for the similarities after each bull run, I would say that there are similarities that are manifested by a certain percentage of correction, and then over time a certain stability in price as is the case right now. I remember 2015 when the price slipped even below $200 (before that $1100), as well as 2018 when we slipped down to $3000 (before that $20 000).
I don't like comparing charts with 2014 and 15 because that was a time of very low liquidity and the time when we lost the biggest exchange in the space and also a time when China banned bitcoin for the first time. A lot of negative press and little adoption to keep the price up.
In 2018 the stable fair value was 5-6k. The fall to 3k for me was an unexpected deviation that's why we came back from it that fast and kept holding between 5k and 10k for another year. I feel like 30k is the 2018 6k. If we ever go below it's going to be a month or less and we'll be back at 30.
We all know that it will be 40k+ it is not really a big risk, I am not saying that it is zero risks involved, but it is quite low risk and maybe this month or maybe next year however EVENTUALLY it will be 40k and we all know that.
It will be 40k again that I'm sure of but how long are we going to have to wait for it. If you bought at 40 and are now going to have your funds locked for a year it's going to suck for you.
The bitcoin was sustained over a decade in the market.At the beginning bitcoin was not popular among the users.So at that time,huge people not brought this bitcoin.Then due to huge flexibility in the bitcoin,it reach good response.The key of success is the bitcoin send to another person will not disclosure.We don’t know whether the bitcoin send to whom or received from whom.
I believe that we should be profiting from the current situation because everyone is confused, and with DCA while going down, we could accumulate as much as we need to and whenever it goes up we could start selling little by little as soon as it hits the profit range and get ready for another fall.
Everyone also wants to profit from the leg down but it is not easy, it is still a risk looking like you are going to be trapped in there. Accumulation is what we desire but no certain way to get that to happen, now hodling the bear looks confusing like you don't know if the price keep crashing to down or if it is going for rise up soon.
We all know that it will be 40k+ it is not really a big risk, I am not saying that it is zero risks involved, but it is quite low risk and maybe this month or maybe next year however EVENTUALLY it will be 40k and we all know that.
I believe that we should be profiting from the current situation because everyone is confused, and with DCA while going down, we could accumulate as much as we need to and whenever it goes up we could start selling little by little as soon as it hits the profit range and get ready for another fall.
Everyone also wants to profit from the leg down but it is not easy, it is still a risk looking like you are going to be trapped in there. Accumulation is what we desire but no certain way to get that to happen, now hodling the bear looks confusing like you don't know if the price keep crashing to down or if it is going for rise up soon.
At this time, I tend to wait and watch the price in the market and do nothing because this situation is very risky for me if I decide to buy.
I don't want to be stuck at a high price because the current price could fall even deeper.
But it would be different if I wanted to trade today because it would allow me to analyze the situation in the market and determine when to enter the market.
Maybe I'm still looking at the state of the market and haven't decided to enter the market yet.
What you can do if you think that it will drop is getting in a bit, and if it goes up then you profit just a bit, better than not profiting at all, if it goes down then you get in a bit more, and then a bit more, keep doing that until it doesn't get any lower. Obviously it is not going to be something that lasts forever, but it will be a decent addition for sure.I don't want to be stuck at a high price because the current price could fall even deeper.
But it would be different if I wanted to trade today because it would allow me to analyze the situation in the market and determine when to enter the market.
Maybe I'm still looking at the state of the market and haven't decided to enter the market yet.
I believe that we should be profiting from the current situation because everyone is confused, and with DCA while going down, we could accumulate as much as we need to and whenever it goes up we could start selling little by little as soon as it hits the profit range and get ready for another fall.
The way BTC is acting a flush out is going to occur. Reason being its failing below moving averages and also challenging a trend true over many months many times now. One day it stops holding us up and we take a tumble down the mountainside. It can recover but first we trade down seems more often to become likely every day is how it appears.
That's while bitcoin is not predictable, when i made my findings i conclude that while Bitcoin is having hardship of propagation is because bitcoin demand and supply is not working correspondently in it's market sphere, when you say flush out, really i have seen that bearish season is taking much dominate that bullish season, so i will re- channel this as results of market retracing, and it can accelerate well when the demand is mega. Honestly I think we will most likely see a repeat of 2018, where the entire summer is range bound trading.
2018 was a year spent with Dollar index appreciating and that is the atmosphere now. We have the highest Dollar rating since 2002, so a couple decades of hard rain is falling on BTC beating it back down and its doing ok so despite that is my view.
IF we break this current trend it'll relate to the wider move since the start of 2021 and might mean the 20k people see that target achieved. Some say till we touch that base we cannot move the game on, not sure Im that certain but a check of weak hands is a typical kind of harsh move in BTC I guess.
It will probably gonna lost another leg next week. 
If I were you OP, I should stop watching those so-called experts on youtube because they don't really care about the price or anything about the market. They are just concerned for the views and if you are a trader you should just read some articles that might help you to know the next move of the market.
And if you are just holding, you should stop watching the price everyday because it won't move just for a single day. Try to minimize watching them or the price so you won't be stressed so much.
If I were you OP, I should stop watching those so-called experts on youtube because they don't really care about the price or anything about the market. They are just concerned for the views and if you are a trader you should just read some articles that might help you to know the next move of the market.
And if you are just holding, you should stop watching the price everyday because it won't move just for a single day. Try to minimize watching them or the price so you won't be stressed so much.
We can come up with our own analysis without having to listen to any professional YouTubers, its not wrong to follow to get a broader view of the market, but it is absolutely not advisable to listen and completely believe the claims from them.
As a holder, I think it is enough just to keep an eye on the bitcoin price when the price drops sharply we will buy and buy without worrying too much about the short-term fluctuations of bitcoin.
At this time, I tend to wait and watch the price in the market and do nothing because this situation is very risky for me if I decide to buy.
I don't want to be stuck at a high price because the current price could fall even deeper.
But it would be different if I wanted to trade today because it would allow me to analyze the situation in the market and determine when to enter the market.
Maybe I'm still looking at the state of the market and haven't decided to enter the market yet.
I don't want to be stuck at a high price because the current price could fall even deeper.
But it would be different if I wanted to trade today because it would allow me to analyze the situation in the market and determine when to enter the market.
Maybe I'm still looking at the state of the market and haven't decided to enter the market yet.
I am Not falling for this , I have seen tons of same posts through the years and yes? only once that i believe this comes reality instead in all those post majority is a failure or something that intentionally delivered for what intention? i don't know.
These people needs to tell stupid things so they may gather viewers , because if they dont" then their effort will come to nothing because for sure crypto people will never give them a damn .
but if we know how to engaged with those? then there will no be a problem.
Put them in your Ignore and then surely they will lose chances of gaining what they tend to be.
Agreed in this part , Yeah it is sad reality that there are still many that fell into this trap.but if we know how to engaged with those? then there will no be a problem.
Put them in your Ignore and then surely they will lose chances of gaining what they tend to be.
Today the market corrected sharply, the price returned to below $40k or currently around $37900, but I believe the market will bounce back soon so if we buy now it will make us get big profits, don't panic is the key to profit if we invest in cryptocurrencies.
this comes the title and this topic . to talk about another Leg Down Jump to: