Topic: Reversal of Bear Market? (Read 20237 times)
After more than a year of falling, crypto finally came back. I believe that we can already talk about the upcoming turn. Bitcoin has grown very well in recent time and it's great.
And what about the current correction? Is it part of a bullish or a bearish trend? I personally think that we now see only the beginnings of a bullish trend, it will enter into full force only next year.
When I first saw this topic, I urge to look at my blockchain app and watch the behaviour of the market. I thought this is a topic for the downtrend reversal and I breath a deep when I glanced at the date. Well, as of now the market is greenish but we really don't know where the trend reversal may happen again. Maybe, I will sell already my cryptos, just one more spike.
Now the market is pulling back a bit, but I think this is a healthy consolidation. A gradual rise would be the best case scenario, but Bitcoin tends to go up and down in spurts.
Hoping that it's not a reversal, it was just a bit decline to start again for along increase again, maybe those who wait too long before sell this day now. It will be useful to make a graph of these declines (for the cryptocurrencies you are working with) to see if there is some regularity in these downs. Now, once a week, these declines happen, but for a short time.
It's now official that the reversal has happened and now we entered a fresh new bull market. A lot of international exchanges are going to lauch their crypto trades that will cater much more institutional investors and Baakt that we all have been waiting for is gearing up on their side. There is so much good news that I believe this rally is going to get crazy in this whole 2nd quarter.
And what about the current correction? Is it part of a bullish or a bearish trend? I personally think that we now see only the beginnings of a bullish trend, it will enter into full force only next year.
Now the market is pulling back a bit, but I think this is a healthy consolidation. A gradual rise would be the best case scenario, but Bitcoin tends to go up and down in spurts.
Hoping that it's not a reversal, it was just a bit decline to start again for along increase again, maybe those who wait too long before sell this day now. If we are smart, we have buy during the dip and sell right away now, that would give at least 5% profit in just less than a week.
They are pushing BTC to reach 8000 usd again, and we are very close to that price.
Now the market is pulling back a bit, but I think this is a healthy consolidation. A gradual rise would be the best case scenario, but Bitcoin tends to go up and down in spurts.
Hoping that it's not a reversal, it was just a bit decline to start again for along increase again, maybe those who wait too long before sell this day now. Yeah it seems the correction is short lived and bitcoin again continued its upward surge today. I guess we can all agree now that the market has already reversed and we're probably in the bull market this early in the year. I guess that's a good thing. Many of us thought that 8k would be the end point for 2019 but it seems we're on our way to making it past 10k by the end of the year.
Now the market is pulling back a bit, but I think this is a healthy consolidation. A gradual rise would be the best case scenario, but Bitcoin tends to go up and down in spurts.
Hoping that it's not a reversal, it was just a bit decline to start again for along increase again, maybe those who wait too long before sell this day now.
Now the market is pulling back a bit, but I think this is a healthy consolidation. A gradual rise would be the best case scenario, but Bitcoin tends to go up and down in spurts.
It's now official that the reversal has happened and now we entered a fresh new bull market. A lot of international exchanges are going to lauch their crypto trades that will cater much more institutional investors and Baakt that we all have been waiting for is gearing up on their side. There is so much good news that I believe this rally is going to get crazy in this whole 2nd quarter.
Wow, with such news a big reasons why the uptrend movements are really getting stronger investors who's anticipating this are trying to bag more coins inside their wallets, they are making its way to make sure that they are holding decent amounts of coins, and they are willing to wait till the next bigpumped will happen again.
A lot of people have been skeptical about the reversal of bear market including me, but it seems that bitcoin has been solely leading the reversal of the bear market.
I am not so sure. Granted, I have nothing to base that on. I just feel like we might see another "pull-back" before things really start to pick up steam in the second half of 2019. I'd much rather see a slow climb than a skyrocket anyway. The fact that we have spent a couple of days around 8000 seems like it could be a good thing.
I also want to confirm that the op actually saw the reversal that has taken us to this bull as we are seeing currently. Market price has really being going crazy since the beginning of this month.
Believing it also, finally crypto has overcome the long bearish in history and currently we are moving up for another season(bull run). Pretty excited seeing the market rising back again but the sad note is that, some altcoins remain at low and even not moving. Even we say that we are in bull run due to huge increase of BTC price but looking into my altcoins, I'm still dumb.
I also want to confirm that the op actually saw the reversal that has taken us to this bull as we are seeing currently. Market price has really being going crazy since the beginning of this month.
It's now official that the reversal has happened and now we entered a fresh new bull market.
I have also heard this from different experts here, so I would like to believe that we are officially in the bull market.
The bull market is good as it brings back old investors and we will see new investors at the same time, the volume now is really surprising and this represents a big changes in the market.
This could be our time to witness a new high since price movement is so fast and aggressive.
Buyers are pushing prices to go uptrend with their big money.
Also, I have a feeling that whales are riding the situation, I'm afraid how much will be the pull back if they will cash out.
It's now official that the reversal has happened and now we entered a fresh new bull market. A lot of international exchanges are going to lauch their crypto trades that will cater much more institutional investors and Baakt that we all have been waiting for is gearing up on their side. There is so much good news that I believe this rally is going to get crazy in this whole 2nd quarter.
I hope the market would go as up as $10,000.
If you are hoping to see this price this year, expect a big possibility.
Bitcoin will eventually rise and rise because it so stable now, we are very close to $6,000 and at any time it could shoot up.
The market is so unpredictable but stable price or good uptrend makes us more optimistic.
I think if you just hope that there is no support and the current demand is not too high and it is very difficult to reach the $ 6000 target as much as possible you should be able to contribute support by buying bitcoin to reach the target you expect.
As bitcoin surge for $8k this days, will make a way to finally end up the bear season.
I hope the market would go as up as $10,000.
If you are hoping to see this price this year, expect a big possibility.
Bitcoin will eventually rise and rise because it so stable now, we are very close to $6,000 and at any time it could shoot up.
The market is so unpredictable but stable price or good uptrend makes us more optimistic.
I think if you just hope that there is no support and the current demand is not too high and it is very difficult to reach the $ 6000 target as much as possible you should be able to contribute support by buying bitcoin to reach the target you expect.
The market may allow the price of Bitcoin to rise to $ 10k, but I think that at those levels it should go down, the reason is simple, bitcoins have not yet been accumulated in their large percentage by Market Makers.
If we take into account in 2017, the bitcoin started its bullish career, but Strong Hands had approximately 80% of the accumulated bitcoins, that means that the price was already ready to have risen and in fact it did, this can be verified looking for the millionaire wallets for that time.
The market is not to repeat history, in its complete definition can be said that there are always similarities and this results in that we can put the market in:
1.- Accumulation Phase
* Bullish tendency.
2.- Distribution Phase.
* Bearish trend.
History repeats itself, under this basic scheme is how I think that the speculative market of bitcoin, stock market, forex and all is developed.
Bitcoin USD see reversal, but the last 3 months have bene only going up and up and up
whose laughing now ? har har har
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