Topic: The decline has slowed down, the bears are still dominant (Read 741 times)
Any decline in price you are seeing currently is just temporary and might not last for a long time, we have bitcoin increase and decrease within the last two weeks but if you take note of how the market has been going, you would find out that the price of bitcoin never dropped below a particular rate because there is wall at that stage which will only cause a bull run in the long run.
We need to make sure people trust bitcoin again and support bitcoin above 4200 and when it reaches 4200 again we need to tell them to keep buying so bitcoin price breaks higher. Its a imaginary limit to what we can achieve for now and if we could just make people believe we can go higher than there is absolutely nothing that could stop us from reaching higher levels, the only thing that limits us is ourselves.
The people you need to ensure that the price will go higher are big investors and they exactly know when to pump the money in and when to get out and that might not the case of causal users who are active in the market irrespective of the market valuation, the market is showing signs of recovery and the winter period will be over soon as we are going through the longest bear period in its short existence, the market situation should change in the second or third quarter.what about average/regular people ? they also help the price to move up . so what if they are only small time buyers ? keep in mind that when they are put together , that small amount they have can also grow and can compete to a big time investors . also , not all average people will come and go , most of them are verry passionate about investing in crypto because they also see the potential behind it .
We need to make sure people trust bitcoin again and support bitcoin above 4200 and when it reaches 4200 again we need to tell them to keep buying so bitcoin price breaks higher. Its a imaginary limit to what we can achieve for now and if we could just make people believe we can go higher than there is absolutely nothing that could stop us from reaching higher levels, the only thing that limits us is ourselves.
The people you need to ensure that the price will go higher are big investors and they exactly know when to pump the money in and when to get out and that might not the case of causal users who are active in the market irrespective of the market valuation, the market is showing signs of recovery and the winter period will be over soon as we are going through the longest bear period in its short existence, the market situation should change in the second or third quarter. 
and $3850 now is now when the pressure is. I believe that the bear has started losing their strength
This may be wishful thinking. Be aware that the market is not moving as rationally as one might expect.
I believe there's nothing much to lose if you get in the market now even if the price drops a little more.
This is the right spirit. The ones believing that the market goes in cycles and after the crypto winter the uptrend will come... sooner or later.
Our biggest issue might be the lack of patience.
I don't think negatively even though the market conditions are still slow in moving up, and even though it is still in the bear market but I still think positively that in the future there is still hope for the bull market.
I think the pressure move from $3250 and $3700 and $3850 now is now when the pressure is. I believe that the bear has started losing their strength and though bitcoin is a bit stable now than were it was last year. I am an advocate of stability and bullish conditions and I hope people will not lose if they can buy now.
I believe there's nothing much to lose if you get in the market now even if the price drops a little more. There's little difference and it'll be very profitable if you can hold it for a long time. The market still leans a bit for the bears but don't think they're dominating the market at this point.
I think the pressure move from $3250 and $3700 and $3850 now is now when the pressure is. I believe that the bear has started losing their strength and though bitcoin is a bit stable now than were it was last year. I am an advocate of stability and bullish conditions and I hope people will not lose if they can buy now.
I think the 4200 level seems like a psychological limit as much as a financial resistance as well. I know it is tough to break in financial standpoint but also at the same time people who see bitcoin reach 4200 levels start to think it hit the top again and will continue declining after that, which is not true because bitcoin does have power to go above that but people lost all hope on that regard.
We need to make sure people trust bitcoin again and support bitcoin above 4200 and when it reaches 4200 again we need to tell them to keep buying so bitcoin price breaks higher. Its a imaginary limit to what we can achieve for now and if we could just make people believe we can go higher than there is absolutely nothing that could stop us from reaching higher levels, the only thing that limits us is ourselves.
We need to make sure people trust bitcoin again and support bitcoin above 4200 and when it reaches 4200 again we need to tell them to keep buying so bitcoin price breaks higher. Its a imaginary limit to what we can achieve for now and if we could just make people believe we can go higher than there is absolutely nothing that could stop us from reaching higher levels, the only thing that limits us is ourselves.
The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.
There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.
It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.
true but also we may be entering a new bull market since all the signs of it are there.
we have the high volume specially on OTC markets with lots of buys taking place and we also have the strong resistance that has been all over the $3k range making it tough to go any lower. and also we saw the first signs of reversal with the rise to $4200 which was pretty positive and the correction of it was also natural showing the healthy market moving forward.
The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.
There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.
It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.
It is a sign of correction and I also think that this is for the good of the market because of sudden volatility, and manipulation from the whales, And we can say that the bear is still dominant right now all we need to do is just wait for the sudden movement and I really think in this kind of downward movement of the market, I think for the community is to let their bitcoin to just sit it on our wallet, so the market would not really move down so much.
The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.
There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.
It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.
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The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.
There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.
It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.
just an update : declines are now slowly diminishing since earlier today . i am now seeing greens . this is good because this can be a sign of an incoming pump . what do ya think guys ?
Ooops...not yet time to jubilate, the market can go through another phase of correction from the little gain so far and I think it is beginning to show. We can only speculate for better price as it stands now.
We are in side ways movements from two weeks now. Bitcoin is near 8000$ now for more than 10 Days. I am expecting some big movements in the next week. It can be in the either way but more chances are that bitcoin will move towards 4300$ target from here.
Nice analysis, bitcoin did not fall below $ 3100 and ethereum did not fall below $ 100. but although there are support and resistance points, leveraged trading and futures exchanges they can manipulate the price as they wish. and in such cases, technical analysis it does not work.
TA might not always work because of market manipulation, but it can be applicable let's say you wanted to see a pattern in the past that may help up decide for the future.
Although you have to take into consideration that the market is still young, so the data might not serve its purposes. So for me TA could work if there's a lot of sample data already. But right now if you're doing TA for short term purpose, I guess it won't be applicable because of the volatility of the market. Conditions changes very quick that's why its really hard to do short day trading here.
Nice analysis, bitcoin did not fall below $ 3100 and ethereum did not fall below $ 100. but although there are support and resistance points, leveraged trading and futures exchanges they can manipulate the price as they wish. and in such cases, technical analysis it does not work.
Bulls will rule the market this 2019 and bears will exit the market soon so be ready for a bull run. Im expecting 6000-8000$ bitcoin price before the end of this year.
This could happen very soon and we have seen in the last week itself how markets have climbed till 4200$ though it has fallen a bit but the sign was very clear that bear will end and rime for the rise has come. So be ready t grab this opportunity.
Totally agree, I think that a good bull is being prepared, it can touch new levels above 4.2ka 5k, because they have to prove the offer in that area, which, many are willing to sell, and as it is an important area, many operations can get there ..Many investors are buying right now, they know it's a great long-term investment option.
Bulls will rule the market this 2019 and bears will exit the market soon so be ready for a bull run. Im expecting 6000-8000$ bitcoin price before the end of this year.
This could happen very soon and we have seen in the last week itself how markets have climbed till 4200$ though it has fallen a bit but the sign was very clear that bear will end and rime for the rise has come. So be ready t grab this opportunity.
Bulls will rule the market this 2019 and bears will exit the market soon so be ready for a bull run. Im expecting 6000-8000$ bitcoin price before the end of this year.
just an update : declines are now slowly diminishing since earlier today . i am now seeing greens . this is good because this can be a sign of an incoming pump . what do ya think guys ?
Ooops...not yet time to jubilate, the market can go through another phase of correction from the little gain so far and I think it is beginning to show. We can only speculate for better price as it stands now.
Maybe that's the best thing we can do for now since as waiting for miracles seems endless at this state and my speculation for this is we cannot see a over ATH for now since there are no events that can over hype the bitcoins so maybe in next following years and halving times comes maybe it can cause a massive pump unto bitcoins and altcoins.
the next hype up would happen on next halving. Not even BAKKT or ETF will trigger out price increase but who knows.For now if you arent dependent too much on crypto earning then better leave out and focus
with your day stable job and comeback to crypto when something action happens.
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