Sounds of bulls screaming - page 3. | Bitcointalksearch.org

nelson4lov

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Quote from: taufik123 on July 04, 2024, 03:59:43 PM

~Snipped

Bearish support is the lowest between the $55k-$52k price, but a reversal is imminent.

I like the sound of that. Personally, I do feel like the possibility of just going back down to $40k sub price levels is there but just don't think we we'll be heading there in this current market downturn. Probably in a full blown bear market. We will probably go as low at $52K but I think that's going to be it. Then we get a reversal back to 60k levels and just range there until the weeks leading to the US presidential elections come. That is one event that would act as a catalyst for Bitcoin's future price. I'm tempted to get in hereso I'll just start DCA into Bitcoin here of the dip continues.

taufik123

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Quote from: BitMaxz on July 04, 2024, 12:38:12 PM

-snip-
For now, we see less demand for now but I saw many new open long positions according to the Coinup app tool and from Coinglass and another thing is it looks like a bullish reversal pattern at 4hrs time frame we might see a reversal after a few hours I guess and see $60k level again.

More open buy positions will be an opportunity to start re-entering.
As you said on this 4H Time Frame there is a reversal that leads to the bulls to reach the $60k price area again.

Just need to go through the Resistance Downtrend of the Console and then reach the trend Flip point in the $59k-$60k price area.
That will determine whether Bitcoin is able to break through it or not.

Bearish support is the lowest between the $55k-$52k price, but a reversal is imminent.

Ndabagi01

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This dip came as a surprise to many because no one thought we will go this low again this year until the bull run season begins. The market it full of uncertainty and this is amongst what makes the market unpredictable to know. I just know that this sell will be over and when the bull comes, it will spare no one and will move and break boundaries that no one will expect within a short time. Keep bagging the bags, so that you don’t feel left out when it begins to make those moves in the uptrend trajectory.

DiMarxist

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It has been long we have seen this low but we all know that bitcoin is not stable in one place and it volatile in movement so it is not new to me and I also know that this can happen at any time. So as investors we have to prepare ourselves for this at anytime. We buy more when the price goes down and make our profits when the price is going up.
The time to purchase more is the time when the price is going down. Good Investors are not afraid of the market because it is always on their favour.

coolcoinz

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That's the truth. People get used to prices after seeing them for a month or so. They imprint the level in their brains and think the next day they'll wake up and see the same exact thing or +/-5%.

In reality bitcoin goes up and down every month, just that we tend to ignore big moves up because we feel like it should be happening, like we're some born winners who have to see gains every time. When bitcoin moves the other way we panic because how could it be like that? I was supposed to have a good day today and now it's in the red? WTF?

Facts people!

In February bitcoin experienced 2 large (over 20%) moves up.
In March there was a large move down with a bounce back to a new high.
April was red with some big moves down.
May was again green with a bounce back.
June was red and so far July is also the same.

Do you see a pattern? 2 months up, one month down, one month up, one month down.
There's no continuous green, no constant uptrend - there never was!

There will again be a green month. Maybe July, Maybe August, and then again there will be a red month after that.
You either try to predict it and trade the swings, or like me you ignore the noise and do your thing.

passwordnow

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Quote from: famososMuertos on July 04, 2024, 12:09:33 PM

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

Many won't realize that because they're only looking at the ranges and moves for most of the recent days. But it's true that since the start of this year, we're still up by more than 30%. That's still fine if you'd ask me as a gain but it's quite sad to see that the drop continues until it's no longer. Everyone has to chill and think of it that whenever there have been some huge drops, the counterpart of it is that you should brace yourselves and be prepared for the upcoming recovery anytime soon. It may not be asap as everyone want it to be but it'd definitely gonna recover.

C10H15N

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"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip). This, too (unlike the Balrog), shall pass. 😉😎

BitMaxz

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Quote from: famososMuertos on July 04, 2024, 12:09:33 PM

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

2 weeks of bearish and it touches to cheap price of around $57k I don't think we will see lower than this range it still respects the symmetrical flag so bullish is coming for this week that is just my prediction or if tomorrow the price didn't reach $60k again then we might see the retest at $56k if it's breaout we might see a big crash at that level but if it fail we should see $60k above very soon.

For now, we see less demand for now but I saw many new open long positions according to the Coinup app tool and from Coinglass and another thing is it looks like a bullish reversal pattern at 4hrs time frame we might see a reversal after a few hours I guess and see $60k level again.

famososMuertos

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Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

Bitwave01

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Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

Topic: Sounds of bulls screaming - page 3. (Read 628 times)