Some of my insights on the market - page 2.

peter0425

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Quote from: huditrader on October 22, 2021, 08:10:53 AM

I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market

Sharing graphs or at least explanation is enough for us to understand your views 4-5 months Bull run will be over? but Bull has been here for a year now as 2020 October starts the bull and up to now we are still experiencing Bullishness in market.
and pointing about 5 month specifically? meaning March next year? or in the beginning of 2nd quarter from 2022 the Bear market will come?
I'm not buying this lol.
Yeah bull is not happening continuously but at least this is here for a year now.

STT

legendary

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I dont think it'll stay that high without alot of tests and volume put in. Theres always some selling pressure of some kind, people want to realize profits and that occurs any time they think more immediate gains wont happen.
There are layers of holders of different kinds, it has to be assumed that many buyers will also sell within months at most, depending on sentiment and outlook in the market. Its almost always the case that the market will deal with negatives and pullback to some area that is rebought by speculators in the next cycle. I think that could be the 50 day average which is about 50k now, it formed the lower prices in the spring bullish action but is quite separated at present.

Poker Player

legendary

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Quote from: huditrader on October 22, 2021, 08:10:53 AM

I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market

Yeah, OK, but this is based on... what? Simply what you think? Is it just a hunch?

In the speculation section, you don't have to base what you say on a deep argument, as even predictive models that have a basis in past data and statistical patterns fail, but it would be nice to know if you think so because you have been following the market for a long time or what.

In my case, I think we are going to have an end of the year similar to previous cycles, that we are going to reach at least $100k, and then I am not so clear what is going to happen from January, as some predictions doubt that we will enter bear market and believe that the bull market will be extended a few months or that we will not have a bear market, at least as bad as in previous cycles.

adaseb

legendary

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I think it was impressive how we actually managed to break the ATH again, however this break was very weak compared to previous ATH breaks. The AUM for BITO was hardly increased the last 2 days. The first 2 days we got $500 Million each and the last 2 days we got maybe $50 Million. So it seems that people are getting scared to open positions.

I am going to be cautious if we don't close above previous ATH on the weekly time frames. If we fail to close above $64900 or we go to $64900 and get rejected it will be time to hedge some. And if we manage to close above that area then we can cover and it should break ATH and go higher and higher again. However so far its looking week. However its still early to tell, its only been a few days. We will see what next week will bring.

Kemarit

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Quote from: huditrader on October 22, 2021, 08:10:53 AM

I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market

Why you says so? Yes, the market can't be in parabolic rise, but times have change, bitcoin narrative is not the same 4 years ago when we had our last great bull run to $20k and then subsequent market crash. So it's hard to see the same scenario in about 5 months. Maybe we will reach certain peak, and then corrections, but maybe the dip will not be so dramatic as the last time. Everyone is ready for the last carnival and could have cash out already because the bear trend, or maybe they will be a holder for the longest time.

Fundamentals Of

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Do not expect that the market will always be bullish. There is always a cycle. It cannot be sustainable in any market if the sentiment is always bullish. You cannot expect the price to be rising no end. Expect corrections along the way. The buy orders could sometimes be defeated by the sell orders. But this is all in the shorter terms. In the bigger picture, the line is always diagonal and it is directed upwards. So there is really no last carnival of the bull market. Expect that in 2025, the price is already as high $300,000.

Rajamuda

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Quote from: Dhaniii on October 22, 2021, 07:39:11 PM

Many people experience their disappointment and regret when they make the wrong decisions about predictions that will happen in the future. wrong predictions and wrong decisions so that he does not become a lucky person. Anticipating such cases, it is necessary to monitor the market at all times and need to analyze every information from parties involved in cryptocurrencies so as not to get caught in the wrong decisions.

We are indeed like placed on things that smell like luck associated with prices that are not easy to predict and sometimes surprising. Trust and self-confidence are needed so that cannot be shaking the trust when holding on and being influenced by various issues or news that appear, because basically some issues/news are not sure to have a big impact on market movements.

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: huditrader on October 22, 2021, 08:10:53 AM

I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market

It is hard to predict Bitcoin price but most likely and give the historical trend of last quarter of every year and continuous Institutional support , the Bull run will continue till January, 2022 and Bitcoin is expected to make new ATH (above 70K). The consistent Bull Run of Bitcoin will also trigger Rally in Alts market and good projects can go 2- 10 during this periods. Funds are also flowing in NFT market where investors interest is gradually picking up.

Dhaniii

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https://i.imgur.com/hgxNNiA.png

Many people experience their disappointment and regret when they make the wrong decisions about predictions that will happen in the future. wrong predictions and wrong decisions so that he does not become a lucky person. Anticipating such cases, it is necessary to monitor the market at all times and need to analyze every information from parties involved in cryptocurrencies so as not to get caught in the wrong decisions.

AmoreJaz

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Quote from: Jating on October 22, 2021, 05:59:43 PM

Quote from: huditrader on October 22, 2021, 08:10:53 AM

I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market

Not sure when is the bull run be over. We still have the December prediction of 6 digits and then we will see how it goes. Just imagine though, it we reached $150k this December and then corrected to $75k, it bitcoin still a failure? Lol, that is still big price in my opinion and we will never thought that we can even reach $60k already.

Of course, if you have experience the last bear market, then by now, you know you to prepare yourself of the imminent bearish trend.

no one can actually precisely predict when the bull run will be over. but anyone can speculate what may possibly happen in the market. and everyone is free to predict such.
people have always high expectations. but for you to survive in this market, you need to be smart and rely on your own instincts. so whatever happens, it is your disposition and not someone else's.

electronicash

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you should be looking at what is happening to the economy today of each country to see where funds are going. if US and China economy is crashing, where else do we see all the funds going? there will be a crash but we will know when it happens right when we realize it. 5 months is too short, this is only a continuation of the previous bull run.

Jating

hero member

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Quote from: huditrader on October 22, 2021, 08:10:53 AM

I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market

Not sure when is the bull run be over. We still have the December prediction of 6 digits and then we will see how it goes. Just imagine though, it we reached $150k this December and then corrected to $75k, it bitcoin still a failure? Lol, that is still big price in my opinion and we will never thought that we can even reach $60k already.

Of course, if you have experience the last bear market, then by now, you know you to prepare yourself of the imminent bearish trend.

blockman

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Quote from: huditrader on October 22, 2021, 08:10:53 AM

I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market

We don't know that for sure but earlier, there has been a big correction that has happened. And that probably is the one factor that triggered to get back to its former ATH and even made a newer ATH.
If the bull run will be over for the next few months then so be it and we have to bear with another bear market and we don't know how long it will stay.
But if not, then the trend and cycle have been changed.

huditrader

newbie

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I think that in 5 months, if Bitcoin does not have a major correction, then Bitcoin will eventually remain at 70k~90k. If it is corrected, Bitcoin will go to a higher position. It is unimaginable. I think the bull market will be 4 ~5 monthsIt's over , anyone is ready for the last carnival of the bull market

Topic: Some of my insights on the market - page 2. (Read 214 times)