Topic: One more leg down - page 3. (Read 727 times)

But the OP is asking about or talking about the Last Leg thing in which the strategy of the whales most of the time .
to spread that there would be a super low price first before it happens the Bull , but how would this to come when the market is in climbing situation ?
I'm afraid that this is not what we truly believe as this is a BS belief that needs to be forgotten .

I am not entirely sure if it's a false hope, I mean bitcoin is "technically" could do that and it doesn't look that bad at all. I am not saying that it WILL do that, but it doesn't look like impossible neither.

I feel like there is a good chance we could end up with some huge increases soon, looking at how we dropped and failed to break under 38k, the increase must be close. That’s how market moves, it goes down as much as it could without a huge deal, it may crash even harder if something horrible happened but nothing happened, so it tested the bottom and found it. Now it’s time to accumulate and increase and make a profit based on that, which will test the top we could reach, who knows what it is.

I've never heard the term "one more leg down",but I don't watch crypto speculators and pseudo-experts on Youtube and social media.There's no point in this(other than having fun watching those pseudo-experts making ridiculous price predictions).

The price will keep moving above and below 40K USD for God knows when.There's no need to make drama out of this,but the newbies and the FUDsters will keep acting as drama queens and overreact every time the price goes below 40K USD.I wouldn't mind if the price drops under 30K USD.The FUDsters and the noobs would probably freak out even more,when the market drops at a 20-30K USD Bitcoin price.

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.

Honestly I think we will most likely see a repeat of 2018, where the entire summer is range bound trading. Then late October or November will come around and we will get out move.

However nobody knows which way the move will be. People are already bearish now and people are expecting $20K Bitcoin and they will long there. However with this many bearish sentiment I don’t know if that will happen. Either way it would be a perfect long setup especially if it revisited the 200 wma.

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.

I think this is not simply a matter of being better to make your own analyses of the market but it is the only realistic option, what happens is that when it comes to the people saying those things we know that more than anything they are thinking on benefiting themselves with their statements.

Whether they just want to get more views or they have taken a position in the market and they are looking at manipulating it, the truth is that no one has your best interests at heart except yourself, and with this in mind then you do not really have any other option but to make your own analysis of the market conditions and then decide what you will do based on such analysis.

Perfectly said, just focusing on more productive things other than just watching some YouTube video that will have a negative impression on my emotions, we are all here in the previous bull seasons and we know how the pattern went and so on even in the recent all-time high we witnessed the most glamorous Bitcoin season and at the same time the stormy phase so not listening to some traders signal shit.

the pattern presented by the analysis is only an issue that makes traders flock to buy bitcoin, it turns out that this issue has no effect at all in real trading. many analyzes reveal that bitcoin will break new ATH and claim that bitcoin will break $100k, but to me that is just a false hope and its hard to break that price any time soon.

What I simply think about the market is continuous dragging of price for more longer time. Yesterday trade showed price opening lower and went further down during the day but it came back up before the closing of the day. The point is we keep trading short and taking profit at it because the bear is still riding while the bull trying ride, don't force the market but do what you see.

what they show is a simple analysis based on very significant chart movements, but from the various analyzes applied by real traders, it is solely for profit not just waiting for prices to rise for reasons every year.
I believe that the creators are only after adsense and their assets are just a gimmick.

I will only agree with others that YT and social networks as a source of information are quite unreliable and create a lot of misinformation and confusion, especially when it comes to beginners who absorb it all without any filtering. These so-called experts are nothing but influencers who use all these platforms to make as much money as possible, and it doesn't matter that they are aware that they are releasing a lot of nonsense to the public.
 

How much ATH will be in a bull run is not easy to estimate, it all comes down to speculation - but large numbers always attract more visitors, so many deliberately exaggerate. Some do it on purpose to persuade others not to sell, while they slowly take profits all the way up.

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 wouldn’t say it’s any different now on that issue, we’re in a period of about 2 years after halving, and about 2 years until the next halving - some might say we’re positioned in the eye of the storm, so while everything seems calm I would say that it is only an illusion.

It's really a given thing that they look like experts and have vast knowledge about the market. Because that's what they are selling with their viewers.
The look that they have a lot of things that they know is what makes the viewers become more curious about them. But the reality, they all have the same tone when it's about the market.

Better not to watch YouTube with this kind of content or read crypto-twitter because all these pseudo-analysts say the same things. When bitcoin goes up - they talk about ATH and what to buy. When the market goes down, they talk about selling and ATL. It is better to do your own analysis of the situation, because someone else's opinion detracts from understanding the market and can lead to mistakes.

Sadly lots of "stupid" people fell for it.

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It is getting boring seeing the same stuff over and over again, with the same concept with partially different wordings in it.  I can understand these vloggers somehow since they need to get more traffic to be paid more.  Most of them just pretend to be experts who just copy others' concepts and revise, then, claim them as their own.  The sad thing is most of them actually don't have enough idea of what they are talking about.

Probably they are applying this idea from some article:which I think isn't applicable to the Bitcoin market, wherein the bear market is way longer than its bull market counterpart.

(According to the quotation, assuming the start of the Bitcoin bull is its halving last May, 2020, so basically, with the thought on that article where the Bull market lasts for 2.7 years, the bull market will end on Sept. 2022 which isn't correct since Bitcoin market had already entered the Bearish trend way back Nov. 2021 or earlier)

I have been seeing this since i Was new in this forum or even in crypto . they tend to claim that there are a need to dumping before creating another Hype but what I observed ? this is not 100% real and instead? this has been used for Propaganda and other whales benefiting from this.
Best not to listen to them and just focus on what you think is correctly to come, what is important is that you are trusting your coin and not just a Pump and Dump believer.

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.

It could be that what you say is true, but back to their media because making content or vlogs is the same as us who want to be paid, so sometimes what they make is beyond our instincts, yes or no from their explanation.
I've tried to practice it from the results I saw on their youtube but the results are nehi aka I feel like I'm losing.

They are probably saying things to have someone listen to them. Imagine them being able to create videos and create monetary benefits from it; wouldn't you make any content as necessary? You can post your opinions and share some facts, but that's still up to speculation because it's never going to be correct, right? It's just always going to be a guess.

We will never know what happens in the future; YouTubers probably have to make way for the audience to watch their videos even if "One more leg down" or "another leg down" would be said.

For me, the "one leg down" would always mean that it's going to go down first. In essence, how does one thing go up? If it came from something lower. Like falling, you will get back up, and that "up" means that you stand from a lower place. So technically, if you think about it, people want it to go down so that after that "one leg down it can consider it is going up since it came from below. Do I make sense of it or something?

Study oil prices in the 1970s.

opec locked them down and went sideways for years.

we have been in a 30-70 slot since dec 2020.

we are mirroring the 1970s.

but not exactly.

high inflation = yes

high interest = no

high real estate = yes.

I feel inflation causes need to hedge

low bank interest causes the need for a different hedge

in this case the hedge is real estate. big profits and gains here in usa.

in both eras stock market traded in a slot say the dow at 500-1100 up and down.

we could simply drift along for next year plus.