Share your opinion on the market. - page 8.

youdacapt

sr. member

Activity: 1876

Merit: 295

GOD is TRUE

Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

At the moment; i am sure people would say there have been pumps and dumps here and there but that is not the case about the market. In my opinion; i think the market has been stagnant and when i say stagnant i mean there has not been an impressive or outstanding movement either positively or negatively. The market is just there on its own recycling funds.

The positive note so far in the market that i have noticed is that there are more incoming volumes into the market (We can call them new investors)

Asuspawer09

sr. member

Activity: 1820

Merit: 436

Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

For sure there wasn't going to be any movement right now, I mean September wasn't really a good month for cryptocurrency so personally I wasn't expecting some kind of movement, but it doesnt really matter since the market overall is kinda weak the moment, probably one of the biggest pumps is going to be the bitcoin halving which could probably hype the market, in the past years if we are going to check and analyze the bitcoin halving timeline we could clearly see that a few months before the bitcoin halving there was some kind of movement in the market, so since the bitcoin halving is only a few months away, in my opinion probably around early 2024 there will be a small movement in the market. But the Bullrun is going to be after the Bitcoin halving most of the time 365 days before the Bitcoin halving. So dont really expect a huge movement at the moment so just HODL right time.

It might reach around 40k early next year and then the market is gonna drop again before it is going to skyrocket to over 100k$ in my speculation. That's probably the time when the Bull Run is going to happen around 2024-2025.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: mk4 on September 22, 2023, 12:55:27 PM

Without even looking at whatever chart, it's pretty evident that the current state of the cryptocurrency markets is pretty weak. Almost every pump doesn't have any followup at all, and just ends up totally retracing. A huge factor being that I don't think there are signs of retail coming back any time soon.

The explanation is pretty simple, as it's always been. Bitcoin has its followers who DCA and hold, but it also experienced a downward pressure from miners, so it barely manages to stay at a given level for more than a month, unless the retail comes in and it usually acts like a zombie horde. Most of the year they sleep, but when the price starts going up for a few weeks, they begin to wake up. When bitcoin is up 30% the whole horde is on its feet, smelling blood.

I don't expect the horde to wake up until we reach 50% of the ATH by ourselves, so ~35k, or we're past the halving point.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Without even looking at whatever chart, it's pretty evident that the current state of the cryptocurrency markets is pretty weak. Almost every pump doesn't have any followup at all, and just ends up totally retracing. A huge factor being that I don't think there are signs of retail coming back any time soon.

aylabadia05

hero member

Activity: 1540

Merit: 772

Quote from: letteredhub on August 07, 2023, 06:15:05 AM

what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

Regarding market prices, there is never an end to discussion. Price movements can move sideways, downwards and upwards depending on the conditions and situations that are currently occurring. In short, it depends on how and for what purpose you use Bitcoin. The BTC/USDT chart in the picture is still in the momentum to hold with strong patience and is still the momentum to buy.

The reality is that in my experience, trading Bitcoin in the hope of expecting profits in a short period of time is not suitable.

Quote from: ?? on ??

I think the Bitcoin market will start to grow by the end of this year. Because the Bitcoin market is very bad this year. Because the price of Bitcoin is not increasing at all this year.Bitcoin price has not risen above 30k at all this year. It will probably begin to rise later this year.

Read more as I am doing now to improve your ability to see the current conditions and conditions that Bitcoin has experienced. Try to get used to training yourself so that the connection between your eyes and mind can be consistent in seeing the price of Bitcoin on the market from year to year.

Aanuoluwatofunmi

sr. member

Activity: 672

Merit: 416

stead.builders

Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

With the way the market is going this days, we have to closely study the market trend, there's little clue from the indications received from the weekly candles that the market is likely to surges a little during the weekend or maybe next week and then we are likely not to experience more of dip sooner than expected, we have been on this dip for long and there should be more attempts for a bull market, the more we go the closer we are getting towards the bull season where the market rises.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

I am no trading expert but I always check the news every day.
Grayscale winning against the SEC about the lawsuit is one of the biggest news that came out just recently and they want their Bitcoin Trust to become an ETF which I think will affect the Bitcoin market at a very high level once it is done.
SEC has not approved it yet but they cannot do anything now to stop Grayscale from doing it, it's just time that will matter.
Investors are probably moving their money to Bitcoin too after that news came out and they want to if the pump will happen or if they are the ones making all the pumps now due to demand.
Expect more increases in the upcoming months as we get near the approval of it. Finally, something good that could become consistent in the years to come.

superman184

full member

Activity: 658

Merit: 189

Quote from: ?? on ??

I think the Bitcoin market will start to grow by the end of this year. Because the Bitcoin market is very bad this year. Because the price of Bitcoin is not increasing at all this year.Bitcoin price has not risen above 30k at all this year. It will probably begin to rise later this year.

It seems like you slept too much this year and didn't watch the market more and see the price of Bitcoin this year, even though it is very clear that this year Bitcoin has passed the price of $30K and even passed the price of $31K in mid-July this year. You can see for yourself in the market from now on so that you no longer think wrongly about the achievements that have occurred in Bitcoin this year or you can also see the image below as proof.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

The price can go in any direction, and currently the only "positive" is the speculation about the final approval of the spot BTC ETF in the US, and in this regard, you should pay attention to the date October 17, 2023. That is the next deadline in which they will reject the request again, or maybe accept it.

If this does not happen, the first option is that the price will continue to move between $25k and $30k, and the second option, which some are speculating about, is that we are expecting another more pronounced drop towards $20k.

Quote from: ?? on ??

I think the Bitcoin market will start to grow by the end of this year. Because the Bitcoin market is very bad this year. Because the price of Bitcoin is not increasing at all this year.Bitcoin price has not risen above 30k at all this year. It will probably begin to rise later this year.

How can you say that the market is bad, if at the end of last year we had a price that was close to $15k, and at one point this year we even reached over $31k, which is about 100% growth in just a few months. I would call it (regardless of everything) a very positive year if we take into account inflation and the war in Ukraine, and many other bad events that marked this year, such as record heat, great floods and earthquakes.

I wonder what you would say if you were here in say 2015 when the price of BTC was only a little higher than $200 and when the pessimists were saying that the end for BTC was around the corner...

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

What are you thinking about this from one guy on Twitter:

On that chart, it is possible that the bull run is not still over.

I do not know why I remain pessimistic on bitcoin price this time after it has increased to over $30000. From the monthly chart, using BB and RSI, where the market is going is not known. It can go either up or down.

If you want to hold bitcoin in long term, do not be afraid to hold, the price will later increase, even if the price first decreased.

letteredhub

sr. member

Activity: 644

Merit: 262

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

Topic: Share your opinion on the market. - page 8. (Read 1256 times)