TA shows potential bullish breakout - if history repeats - page 2.

savetheFORUM

full member

Activity: 1050

Merit: 140

Quote from: ultrloa on December 25, 2021, 08:46:15 AM

This new covid variant somehow doesn't affect that much of the market since I don't find any correlation with it and how would the market behave if there's a new variant since covid in the past doesn't have much of impact to the market when there's just no new variant and no vaccine yet.

No, the new variant effected crypto market negatively but it seems we are slowly recovering as weak hands are always listening to all FUDs and do react. The good thing is, new covid strain is not as effective as it was projected by WHO still some countries are about to announce lock down restrictions hence we might be having sideways market for few more days before witnessing any upward leaping.

I am also always positive about the repeating of history; let us watch that as per OP's speculation market gets the potential to scale $70k+ this time.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Baofeng on December 19, 2021, 07:46:05 PM

Quote from: Silberman on December 17, 2021, 05:02:48 PM

Quote from: asrinur on December 16, 2021, 09:37:23 AM

More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.

The potential is still very high for bitcoin to continue its growth during the next year, it is just that there are some external factors that are slowing down this process, for example we know the new strain of the virus has all the leaders of the world worried about it, and now it seems there is new scientific evidence coming out hinting at the possibility that the current vaccines are not going to be good enough to stop this new strain and that maybe new ones are going to be needed, and without a doubt this is going to slowdown the growth that we were expecting out of bitcoin.

Hopefully this will be the case, in any case though, I would prepare myself for the eventuality of a bearish trend for next year, just saying. The new strain of virus that has affected us has been in the news for weeks now, but now it should have settled down. But instead there could be other reasons as well, like we are really entering a new phase which is bearish, just saying.

I don't worry that much if bear run comes since before that could happen we have to experience a great bullish trend and it's the time to make the best of our assets to make some profit before the bear comes. This new covid variant somehow doesn't affect that much of the market since I don't find any correlation with it and how would the market behave if there's a new variant since covid in the past doesn't have much of impact to the market when there's just no new variant and no vaccine yet.

jaberwock

legendary

Activity: 2590

Merit: 1073

Quote from: WePiggy on November 30, 2021, 07:34:42 PM

Following the ups and downs from before shows a similar pattern where the next stage is a nice pump and a huge green candle.

If it does indeed repeat then buying now would be a rather profitable move

From the time of you posted this, bitcoin market started to behave like repeating the history and it is into sideways movement around $51k levels which again may launch the prices into next resistance region which may happen around $58k levels and after having some more sideways between $56k to $58k levels, it may start the rally toward new ATH which might be above $70k levels.

As of now, I as well started to believe into the concept of repeating of history even in short time frame. It would be too good if you keep on posting similar speculations to help this community to understand where the bitcoin market is heading.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: Silberman on December 17, 2021, 05:02:48 PM

Quote from: asrinur on December 16, 2021, 09:37:23 AM

More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.

The potential is still very high for bitcoin to continue its growth during the next year, it is just that there are some external factors that are slowing down this process, for example we know the new strain of the virus has all the leaders of the world worried about it, and now it seems there is new scientific evidence coming out hinting at the possibility that the current vaccines are not going to be good enough to stop this new strain and that maybe new ones are going to be needed, and without a doubt this is going to slowdown the growth that we were expecting out of bitcoin.

Hopefully this will be the case, in any case though, I would prepare myself for the eventuality of a bearish trend for next year, just saying. The new strain of virus that has affected us has been in the news for weeks now, but now it should have settled down. But instead there could be other reasons as well, like we are really entering a new phase which is bearish, just saying.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: asrinur on December 16, 2021, 09:37:23 AM

More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.

The potential is still very high for bitcoin to continue its growth during the next year, it is just that there are some external factors that are slowing down this process, for example we know the new strain of the virus has all the leaders of the world worried about it, and now it seems there is new scientific evidence coming out hinting at the possibility that the current vaccines are not going to be good enough to stop this new strain and that maybe new ones are going to be needed, and without a doubt this is going to slowdown the growth that we were expecting out of bitcoin.

asrinur

full member

Activity: 612

Merit: 104

Sugars.zone | DatingFi - Earn for Posting

More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: Finestream on December 16, 2021, 04:07:28 AM

I would not hope for bitcoin to reach $100k this year as its very hard for it to achieve considering its market condition. But i do hope that after all these price declines that we are witnessing, we will still end up this year with bitcoin price at $70k at least. So that gives the reason to celebrate for those who bought bitcoin when it was $45k below or even $50k below.

To reach $100K by the end of this year, we need very strong support from institutional investors whose investment can drive a lot of demand for coin in the market. Microstrategy via Michael Saylor announced that they had spent enough money to buy an additional 1434 bitcoin some time ago at an average price of $57,477 per bitcoin. It was a strong encouragement before the end of the year but the market was affected by the FUD leading to further correction. So it would be hard to see the price going as high as $100K this year although $60K - $70K is still possible for the rest of the day in December.

Quote from: Finestream on December 16, 2021, 04:07:28 AM

However, bitcoin will not stay for long having its price corrected, it will eventually skyrocket to the moon again and end up having its new ATH. But that will be good by next year as bitcoin always proved to us that it will always regain its momentum no matter what.

I'm not too sure about 2022, but things could turn out the other way around even though we know that historically bitcoin could hit higher price than ATH before.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: ShowOff on December 10, 2021, 04:53:53 PM

Quote from: freedomgo on December 09, 2021, 03:24:04 PM

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

I would not hope for bitcoin to reach $100k this year as its very hard for it to achieve considering its market condition. But i do hope that after all these price declines that we are witnessing, we will still end up this year with bitcoin price at $70k at least. So that gives the reason to celebrate for those who bought bitcoin when it was $45k below or even $50k below.

However, bitcoin will not stay for long having its price corrected, it will eventually skyrocket to the moon again and end up having its new ATH. But that will be good by next year as bitcoin always proved to us that it will always regain its momentum no matter what.

Vaculin

hero member

Activity: 2912

Merit: 613

Quote from: Silberman on December 14, 2021, 04:22:25 PM

Quote from: ShowOff on December 10, 2021, 04:53:53 PM

Quote from: freedomgo on December 09, 2021, 03:24:04 PM

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

I think it should be obvious by now that it is going to be very unlikely that we are going to see a repetition of what happened at December of 2017 during this month, however this is not as bad as people are thinking, after all even if we saw bitcoin reaching new ATHs back then that was also the beginning of the crypto winter we had to survive, so as long as we do not see bitcoin crashing like what we saw back then I will be satisfied with whatever result we get.

No matter what the path bitcoin will take this year, i think we don't have choices really but to accept it as there's no way we can control the price of bitcoin. But i do believe that history won't be repeated this year since we are already close to year end but bitcoin still bouncing its price below $50k. But i chose to be optimistic despite of the current market condition and just start maximizing my purchase while bitcoin price is still in correction. Hopefully, if we can't see new ATH this year, probably it will be more visible by 2022.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Silberman on December 14, 2021, 04:22:25 PM

Quote from: ShowOff on December 10, 2021, 04:53:53 PM

Quote from: freedomgo on December 09, 2021, 03:24:04 PM

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

I think it should be obvious by now that it is going to be very unlikely that we are going to see a repetition of what happened at December of 2017 during this month, however this is not as bad as people are thinking, after all even if we saw bitcoin reaching new ATHs back then that was also the beginning of the crypto winter we had to survive, so as long as we do not see bitcoin crashing like what we saw back then I will be satisfied with whatever result we get.

Yeah, because we have been what? reaching ATH twice already for this year.

Maybe we already reach the top on the $68k ATH or maybe there will be enough push next year but definitely not in December. So the pattern has broken already although as I have said, we still have 2022 to look forward for a still bullish momentum and not comparable to 2017 wherein it was the start of a bearish trend. So let's see how it goes, I'm looking forward already for 2022 and be ready for anything, (bull trend continue or start of a bear market).

STT

legendary

Activity: 3878

Merit: 1411

Leading Crypto Sports Betting & Casino Platform

It only has to discontinue the pattern of falling and it should rise from this alone. We have a series of lows confirming some support below, maintaining that over days and weekly bars will bring bullish action. I dont imagine it performs so simply but thats the foundation of how markets cycle between periods of selling, there is the outside factors of larger markets and the dollar itself to consider
3 central banks meet this week, the largest in the world it can be no news or changing for the stance of the next year. Just the anticipation of that possibility will already have had an effect in caution and less trades risked before the news events.

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

It's been so many times I've seen how unpredictable bitcoin market was, that's why I don't wander if same pattern will continue to exist. Though it seem very challenging to many of us who been following the footsteps which we been continuously taking path with, because all the efforts and patience was really rewarding when perfect time comes for our target. Technical analysis is very important even if there's no perfect projections.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: ShowOff on December 10, 2021, 04:53:53 PM

Quote from: freedomgo on December 09, 2021, 03:24:04 PM

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

I think it should be obvious by now that it is going to be very unlikely that we are going to see a repetition of what happened at December of 2017 during this month, however this is not as bad as people are thinking, after all even if we saw bitcoin reaching new ATHs back then that was also the beginning of the crypto winter we had to survive, so as long as we do not see bitcoin crashing like what we saw back then I will be satisfied with whatever result we get.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: freedomgo on December 09, 2021, 03:24:04 PM

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Fundamentals Of on December 07, 2021, 10:35:31 PM

Quote from: Slow death on December 05, 2021, 06:07:53 PM

I am impressed when the price drops a lot, analysts seem to say that the price will drop a lot, when the price rises a lot, analysts appear to say that the price will rise a lot. in case of today's news:

One more Bitcoin price dip? BTC may fall again before 'slow grind up,' warns analyst

are the same people who were predicting $100,000 for this year

We all know that the business of Bitcoin price prediction is a funny and uncertain game. Everybody could give his out-of-nowhere prediction. Others could provide technical analysis as a back up for their own set of predictions. There are also fundamental reasons for others to predict. There are also those who are making predictions out of different bases like stock to flow, floor, on-chain, etc. But all these predictions have one thing in common and that is uncertainty. They're all nothing but guesses.

And the funny thing is that the price moves up and down based on the actions taken by the people making those predictions, after all if someone predicts the price will go down then it is natural they will sell, and if someone predicts the price will go up then it is natural they will buy, so the movements of most assets depend on how the demand moves, and this depends on the individual prediction each market participant makes, so when the majority of them predict a move up and buy an asset then a growth in the price is produced, this is the reason the markets are completely unpredictable as each person on their own can come to their own conclusions about what is happening in the market now and what it will happen in the future.

freedomgo

legendary

Activity: 3122

Merit: 1147

Quote from: darkangelosme on December 07, 2021, 11:59:25 PM

Quote from: WePiggy on November 30, 2021, 07:34:42 PM

Following the ups and downs from before shows a similar pattern where the next stage is a nice pump and a huge green candle.

If it does indeed repeat then buying now would be a rather profitable move

Don't rely on charts to much dude it failed me many times, that's why i only use my instinct of when is the time to buy and when is the time to sell and just follow the rules of buy when low and sell when high that's it, cause i believe that trading is the game of waiting.

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: arufox on December 09, 2021, 02:28:38 PM

Quote from: Oceat on December 03, 2021, 07:58:44 PM

Quote from: arufox on December 03, 2021, 09:51:05 AM

The crypto market is in a bearish phase at the moment, where the price of bitcoin has continued to correct in the last few weeks due to fears of the Omicron variant of Covid-19 resulting in a massive sell-off. From a technical point of view, the possible downside for bitcoin could be more stable around the $56k level, although gains appear to be limited above $60k-$65k.

Once again I would say that Bitcoin and Covid is not correlated at all ever since from the start of lockdown. It is possible that most investors are now in a panic due to the FUD releasing left and right that's why they think it's time to dump but I think if Bitcoin reached the bottom below $50k then a possible bear is coming.

But the chart says it's just a temporary dump and looks like a bear trap to me to consider it a full time correction straight to bear run. So, I will consider this opportunity a good time to buy the dip and hodl until the market pumps back again. I'm sure most of them are waiting for the breaking of $70k resistance straight to $100k as they said.

Right. I agree with you that the current bitcoin price correction is actually still normal and reasonable despite the negative FED news. I think the current bitcoin price correction is an inevitable part of the market, but it can still be used to buy dips and holds.

Yes. Although the market seems to be bearish, but i think we are not there yet and just an inevitable price correction is what we have right now. Back to the chart, there are always chances that history might repeat itself and bitcoin will still end up reaching a new ATH before december ends. But on the other hand, it might be quite late this year as we are now close to year end but still bitcoin has always been ranging below $50k, and not even sure when will it moves up considering that bitcoin is so much unpredictable this time.

arufox

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

Quote from: Oceat on December 03, 2021, 07:58:44 PM

Quote from: arufox on December 03, 2021, 09:51:05 AM

The crypto market is in a bearish phase at the moment, where the price of bitcoin has continued to correct in the last few weeks due to fears of the Omicron variant of Covid-19 resulting in a massive sell-off. From a technical point of view, the possible downside for bitcoin could be more stable around the $56k level, although gains appear to be limited above $60k-$65k.

Once again I would say that Bitcoin and Covid is not correlated at all ever since from the start of lockdown. It is possible that most investors are now in a panic due to the FUD releasing left and right that's why they think it's time to dump but I think if Bitcoin reached the bottom below $50k then a possible bear is coming.

But the chart says it's just a temporary dump and looks like a bear trap to me to consider it a full time correction straight to bear run. So, I will consider this opportunity a good time to buy the dip and hodl until the market pumps back again. I'm sure most of them are waiting for the breaking of $70k resistance straight to $100k as they said.

Right. I agree with you that the current bitcoin price correction is actually still normal and reasonable despite the negative FED news. I think the current bitcoin price correction is an inevitable part of the market, but it can still be used to buy dips and holds.

darkangelosme

full member

Activity: 680

Merit: 103

Quote from: WePiggy on November 30, 2021, 07:34:42 PM

Following the ups and downs from before shows a similar pattern where the next stage is a nice pump and a huge green candle.

If it does indeed repeat then buying now would be a rather profitable move

Don't rely on charts to much dude it failed me many times, that's why i only use my instinct of when is the time to buy and when is the time to sell and just follow the rules of buy when low and sell when high that's it, cause i believe that trading is the game of waiting.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

After reaching $51k, the price can not continue the rise and back to $50k level price so it will become more difficult to predict what will happen to bitcoin this week.
But we need to still optimist that bitcoin will increase at the right time and we already see the chance to buy more bitcoin at this price or wait for the next lower price.
You should be careful to decide and always analyze by looking at the timeframe, the order buys and sell, the chart, the line of the trend and other things to know if it is a good time to buy right now or you need to wait for a while.

Topic: TA shows potential bullish breakout - if history repeats - page 2. (Read 598 times)