I think using technical analysis in a market where volume is relatively low is wrong.
It is hard to predict a trend when the whole market can be manipulated by large institutions. FUD is real in the crypto space and we all have seen its effects. When bitcoin was booming and hit 20k, there was no technical analysis to back what was happening, except that it was overbought. Crypto is still in its early stages of adoption, which carries its own advantages and disadvantages.Making trend lines and assuming a certain price movement at this stage is wrong. When the market cap grows, when the price movement becomes less volatile, thats when technical analysis will kick in. At this moment, its just 'mainly' emotional investors and large institutions trying to get some profits off those same emotional investors.
Topic: The decline has slowed down, the bears are still dominant - page 2. (Read 741 times)
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.
Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.
And the drop you are expecting has happened.After reaching nearly $4,200, the wall has been broken which we can verify that it's possible for bitcoin to break the resistance. The market has been slowed down due to some reasons that we can't say for now.
I think the biggest players are just waiting for one major announcement before they show themselves to the market.
Big players would have made a short term profit from 3500 to 4200$ and sold off. Due to which the market had fallen and now trading to 3800$. Though this will still recover in coming time as its not a big dip that has taken place. But hold on to your investment in top coins.
Through out this year the bears has been dominant. Anytime the price shows signs that its going to rise up, within a few days or so you will see it fall back again. I just don’t understand what’s happening. Since last year we all have been expecting a Bull run to take place but that didn’t happen, instead it remained at a low price, we thought there is going to be a change this year, but no, instead we are still seeing the same.
You're right we are hoping to see some changes but it seems the down trend is not yet over, the market turns green however it didnt last long, in just 5 hours the market declined again.I think we have to reach the bottom before we can move forward to recovery phase, atleast we see price movement and its a good indication that the bearish market might be finally over. Im hoping this year is different to what happened last 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.
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.
Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.
And the drop you are expecting has happened.After reaching nearly $4,200, the wall has been broken which we can verify that it's possible for bitcoin to break the resistance. The market has been slowed down due to some reasons that we can't say for now.
I think the biggest players are just waiting for one major announcement before they show themselves to the market.
This means to say that the whales are drowing the prices so they can take as many as bitcoin that they can before the approval of ETF.
They have that kind of hint and they can do it because they have huge amount of money to flow in/out to the market.
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.
Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.
And the drop you are expecting has happened.After reaching nearly $4,200, the wall has been broken which we can verify that it's possible for bitcoin to break the resistance. The market has been slowed down due to some reasons that we can't say for now.
I think the biggest players are just waiting for one major announcement before they show themselves to the market.
Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.
And the drop you are expecting has happened.After reaching nearly $4,200, the wall has been broken which we can verify that it's possible for bitcoin to break the resistance. The market has been slowed down due to some reasons that we can't say for now.
I think the biggest players are just waiting for one major announcement before they show themselves to the market.
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.
Investment Advice
If there is a rebound in the price of $118 and above, this time there may be an action that will hit the upper track. Otherwise, if it falls below, it will only continue to go down; anyway, the sentence is MACD. When is the golden fork.
If there is a rebound in the price of $118 and above, this time there may be an action that will hit the upper track. Otherwise, if it falls below, it will only continue to go down; anyway, the sentence is MACD. When is the golden fork.
This advise is throwing caution into the wind. At every point in trade. nothing is certain. I'm referring to where you said "if it falls below, it will only continue to go down "... This don't happen like that always. There might be spikes down and it will continue upward. Sometimes too, allowing for a closing candle is better, or a news can change the whole down moves. Just for newbies to know.
Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
But this week we have different trends in cypto space. Bitcoin tested $4000 levels which must be a good thing for many people here as bitcoin is the core decider for most markets. I guess in coming weeks also bitcoin might trade in bullish mode which may take it to near $6500 levels too. I guess it might be too early to predict about the change of trends as bitcoin is not yet holding up around $4000 levels. 
Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.
Right, actually we did broke the $4k resistance already, but it seems it doesn't hold. lol.
So I would not this a bull run, not yet because those price resistance seems to be a big wall in front of us. We have attempted in several time this week already, but again its a big barrier, so I would say that the bear still has control over the market up to this point.
Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.
Bitcoin price now in constant position..no change it pumping and dumping. But many experts assume that market will arise mid year 2019 ...
The price is moving upwards and reach 3950$ already. This year it is expected that market would be like 2017 or could even grow more. This is bringing a lot of positive synergy with all the investors and people have started buying the coins as they would not get so low price in future.
Does anyone know if what they are saying it is true about the price of Bitcoin dropping again in February and March ?
I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
I can see fear under this voice. Personally, I wouldn't sell my bitcoin at this moment and my reason would be that I have already seen the bear and maybe it has almost come to an end, so why shouldn't I be patient a little more.
My point there is, be patient.
Does anyone know if what they are saying it is true about the price of Bitcoin dropping again in February and March ?
I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
If you want to avoid being the victim of doubts anytime someone gives his view about the future of bitcoin when that view is negative I will suggest that you learn technical analysis, it is not as hard as many suggest and when you see the markets you will have a clear idea of what the market is doing at the moment and the chances that it will keep going in that direction or that it could move in the opposite direction. I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
Does anyone know if what they are saying it is true about the price of Bitcoin dropping again in February and March ?
I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
I can see fear under this voice. Personally, I wouldn't sell my bitcoin at this moment and my reason would be that I have already seen the bear and maybe it has almost come to an end, so why shouldn't I be patient a little more.
My point there is, be patient.
Does anyone know if what they are saying it is true about the price of Bitcoin dropping again in February and March ?
I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
I don't think that is true what it said about the drop of the price of bitcoin in February and march. There is no remarkable increase or decrease in price, everything seems normal until now, so I don't think it will be a good idea to sell your bitcoin. My opinion is just held and wait, I hope that the price will increase more in the few next months.I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
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