Topic: The decline has slowed down, the bears are still dominant - page 4. (Read 741 times)

the price is struggling to stay above  $3000 and I wonder how long the price will be able to stay above  $3000 when there is not have something that can boost the price, unfortunately this is another year that will be very bad


BAKKT is still depending on the regulators, and it seems to me that it will be another process that will take a long time to see something concrete


Now even the guys who were making forecasts have disappeared, they should be ashamed

With these kind of movement we can only barely see for bitcoin to see huge price pumps which isn't like on previous years.It might increase but only to those levels.
We are moving sideways but it doesn't guarantee that we wont able to go deeper on next following days,months or years. No one really knows on whats happening if bears are already done
or just preparing for another sell out or bulls is starting to engage.

Bitcoin has really falling too low than expected and I believe that the end should be close as most of the holders may not want to sell below the current pricing.  Bitcoin remain stocked a little above $3400 and it has been halving around that area for sometime.

I am seeing sideways movement from BTC but don't see it going down below $3k any time soon. With upcoming BAKKT news things can start to look better for BTC and altcoins in my opinion.

We have been going sideways as well prior to the huge dump in November. And now the pattern is just repeating itself, but the thing is, there is no clear indication for another dump as well so it might be good though or maybe we can see a slight upward again toward the $4K level.

I have long been accustomed not to believe all these forecasts, based on curiously effects, curves, indicators and other. I tried to follow some advice, just researched others and most of the forecasts did not come true. Think for yourself, with your head.

We always think positive, but we have to start to be realistic, the price is not going to the moon, it is falling deeper and this can be understandable... I already posted on this and I will repeat, how many countries are legalizing bitcoin? How many countries are using bitcoin as a means of legal payments in that country? what is another use that people are giving to bitcoin in addition to doing trade and hold? Why many people will want to buy bitcoin? How easy is it for people to buy bitcoin? How many bank buys bitcoin? How many billionaires buy bitcoin annually?

We are still in a very small adoption phase and we should not expect to see prices of more than $ 6,000 so early

I hope that the massive trend will not take too long so the price can break any higher price. Somehow I agree with the sideways position because bitcoin is not trade in a large amount and only filled the small amount at the market. But who knows, in a few hours later, the position will change, and the large buy order will come and makes changes in the market. Still, this moment we need to be very careful to decide to buy now or later because this can cause us to get in a trap at the high price.

Actually, i think where just be going sideways for now before we go for an massive uptrend but it would be good also if we've seen a clear capitulation of the price for an uptrend to already start this years 4th year cycle. I would guess in the coming months will be in an accumulation phase so any dips or dumps would be a good chance to buy and add it to your portfolio.

You should add a 'disclaimer' telling everyone that it isn't a financial/investment advice but it's your opinion. Usually when I watch a lot of videos telling people what's their insight, they always add this, 'this is not an investment/financial advice'.

But if you insist and you really want to tell this as an investment advice, it's up to you. Just my few cents.

K line analysis

The price situation on the daily line has stopped slightly, but the overall situation is not stable. It is still dominated by the idea of ​​being over the air. Many parties have released some struggles but not enough.


Short-term interval

Support: If the station is unstable for $3,700, then it will still be as low as $3,250.

Pressure: $3,700 is the first pressure position.



Technical indicators

The Bollinger channel seems to have a tendency to gradually slow down. It is no longer as plunge as it was at the beginning. Many people thought that there was no performance after the thirteenth. However, on the 14th, there was a counter-pumping, and the result was still not stable. The US dollar shows that the strength of the empty side is still quite strong. On the other hand, many parties are struggling; the trend of the two moving averages of the MACD indicator is not so steep, there are signs of easing, and the red pillar below the 0-axis is gradually weakening. But it can't be taken lightly, because the bears didn't give up its home.


Investment Advice

Now the price decline trend has eased, but it does not mean that it will stop there. It still needs more parties to continue to release energy to counter the shorts, otherwise it will lead to further downwards. From the situation of counter-pumping, the price has not stabilized 3700. The US dollar can be seen that the empty side is still the current dominant. Many parties want to reverse the current situation and need to continue to work hard to release energy.


E T H

K line analysis

The trend is similar to the pie, but in comparison, ETH may be stronger in this wave of rebound. From the form, it can be seen that the pie is still empty and ETH is more likely to be more shocked.


Short-term interval

Support: around $110

Pressure: $125



Technical indicators

The Bollinger Band is currently relatively flat, especially if there is no obvious downward curve on the middle and upper rails. If it can stop the downtrend near $118, it may ushered in wide fluctuations. Of course, this depends on whether the price is supported. Live; the two moving averages of the MACD indicator are already below the 0-axis, the slow line is still above, the red column below the 0-axis has weakened, but it does not affect the current still empty, after all, the price is not obvious Rebound.



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.