Topic: The end of the sideways market is only a few months a head. TA (Read 697 times)
By and large, it’s all the same when Bitcoin exceeds 6000, a month earlier or a month later, it doesn’t play any big role. If you are carrying long-term plans for investing in Bitcoin, then you should not be very worried about this. Just buy btc right now. And it will be a very good decision.
Well indeed the price was were was on March, but this month the price grow, and i think the price will continue grow but also there can be some periods of time when price go down and grow continue after.
This month is actually better than last month in terms of pricing and for those that buy into bitcoin at the beginning of this year are now in good profits and we hope this is going to continue. I have tried to invest in some of the coins this January and currently I am in profit. The sideway trend is almost over and very soon bullish trend will commence in full force .
Well indeed the price was were was on March, but this month the price grow, and i think the price will continue grow but also there can be some periods of time when price go down and grow continue after.
First let's agree on what does a sideways market means, for the sake of simplicity let's put in a simple explanation, if you look at the chart
the longest sideways market we had so far was from 12/01/2015 to 17/08/2015 which was exactly 217 days, from there we started making higher highs and have not made any lower lows for years.
now assuming we have bottomed at 3100-3200$ on last year dec 10th then it only makes sense that by July at most, we should mark that low which we should never see again, and that is what i mean by end of sideways market.
the longest sideways market we had so far was from 12/01/2015 to 17/08/2015 which was exactly 217 days, from there we started making higher highs and have not made any lower lows for years.
now assuming we have bottomed at 3100-3200$ on last year dec 10th then it only makes sense that by July at most, we should mark that low which we should never see again, and that is what i mean by end of sideways market.
Yes but you and me have same carts. There cant be two, since is only one Bitcoin. Your predictions are to optimistic.
... , so what is it you think i meant to happen on june ?
In June we will be most likely having bear trap. Could be in July.
THe only problem for me with this end to sideways is what happened in the Autumn. We had a falling wedge I think occur at that point and it kept having to be redrawn because it went past all estimates, it carried on sideways for some time like wile e coyote and roadrunner it defied gravity. Only some news destabilised that trend and it left the support area and fell. It was probably better to call it after the support fall, it halted for some time in this same area we are now and then properly fell by 4 digits not 3. I think the whole of 2019 is most likely a sideways type movement, relative to BTC massive movements of course I mean that
Yes but you and me have same carts. There cant be two, since is only one Bitcoin. Your predictions are to optimistic.
We all have the exact same chart, but it is about how you make use of it, my analysis are 100% based on exact numbers from the 2014/2015 , i am not being opistimic, it is what the charts are saying , but judging by your words we seem to be having a misunderstanding , so what is it you think i meant to happen on june ?
we can not say for certain if that has begun now.
but it has already begun! in the past months price has risen about 77%, don't you think that huge rise is a "bull run"? For Bitcoin? Of course not.
A more accurate way to look at things is this: Price crashed by $16,500 (or 84%) and we have retraced a mere 14% of those losses. We haven't even reached the first significant fib retracement level. We are in no man's land. We shouldn't be calling it a bull run when we haven't even recovered lost support levels from 2018.
I'm hoping this is a replay of summer 2015, which was an important part of the bottoming process but wasn't the beginning of a bull run at all. Repeating 2015 would mean we're still going back to the $3,000s.
The sudden movements and ups and downs were really expected eventually, this is not something surprising that is actually happening, the surprise is the date actually. We didn't know when it will happen not if it will happen and now that we are in it we feel much better about it honestly.
Bitcoin has been in the downturn ever since that 2017 December spike and we have been going down so much that anytime we say "it can't go down more" it did went down more so it was really a horrible time for all investors and traders in the crypto space. How long could it last, I mean what were we expecting a 5 year downturn ? That would never happen, that is why we are finally at the place we deserve and I feel like we can move higher a bit slowly but assuredly in order to gain all what we have lost.
Bitcoin has been in the downturn ever since that 2017 December spike and we have been going down so much that anytime we say "it can't go down more" it did went down more so it was really a horrible time for all investors and traders in the crypto space. How long could it last, I mean what were we expecting a 5 year downturn ? That would never happen, that is why we are finally at the place we deserve and I feel like we can move higher a bit slowly but assuredly in order to gain all what we have lost.
That is beginning of June? I am sorry but you are way to early. August is earliest. But most likely will happen in September.
you know I don't decide when and what does the price have to be, it's all based on the charts that we have at our disposal, and i can very easily be wrong. apparently for you to say that August is the earliest, it has to be based on one of two things
Yes but you and me have same carts. There cant be two, since is only one Bitcoin. Your predictions are to optimistic.
I am just so happy that I am not the only one who has faith in the market this year and believe that we are definitely going to see a bull run in the price of bitcoin and order relevant cryptocurrency in the next few months to come in 2019.
There are a lot of persons who have already given up on crypto because of the lost they faced in 2017/2018 but I have been advising them this year to forget about that lost and focus on the profit they could actually make when we begin to see a bull run in price this year.
There are a lot of persons who have already given up on crypto because of the lost they faced in 2017/2018 but I have been advising them this year to forget about that lost and focus on the profit they could actually make when we begin to see a bull run in price this year.
I doubt about it, not that I am negative thinking person, but the market hasn't fully recovered yet, it can be seen from a several good news the price still hasn't want to go up, it indicates that the investors still hesitate to put the money, the technical analysis is looking good and I hope that it will makes the confidence going up, but its all just prediction and speculation still need to keep on watching how the market reacted
Honestly, I feel like the sideway movements already ended. I know we are still going up only a little and than stay the same but if you look at the price its always trying to go up, even if it fails and goes back than he rallies back up and tries again, I am 100% sure even if we fail this time as well we will try until we break it and than we will move all the way to 6+ thousand dollars. That is why I am calling this an "end" for the sideway markets since we are not staying at the same place for a long time.
I think the clearest reason why the sideway market ended was that bitcoin couldn't drop any further, whales couldn't make any money from dropping the price anymore and it was difficult and costed a lot to drop the price so they eventually realized going up would be easier now.
I think the clearest reason why the sideway market ended was that bitcoin couldn't drop any further, whales couldn't make any money from dropping the price anymore and it was difficult and costed a lot to drop the price so they eventually realized going up would be easier now.
odd years favour cryptocurrency,
that is just your superstition talking. and a misinformed one at that! there has been many "even years" that price actually went up a lot like 2016 with 120% rise or 2012 with 600% riseQuote
we can not say for certain if that has begun now.
but it has already begun! in the past months price has risen about 77%, don't you think that huge rise is a "bull run"? or are you expecting 1000000% and call that a "bull run"? 
Although I believe that the bull run will happen this 2019 because odd years favour cryptocurrency, we can not say for certain if that has begun now. In this speculative industry everyone gropes in the dark, TA or not. Fundamentals are more important in this industry than technical because a coin can dump (with bad news) as quickly as it pumps (with good news).
I agree. In short term we might be bullish but not yet in long term charts. The golden cross in short term charts is definitely suggesting that we will cross over $5400 easily. But are we yet ready for $6k. I guess not. Bitcoin will retrace and will stay in $4k range for more time to come before an actual bullish phase.
There is no such a thing as definitely in any market. It all comes down to the state of the market when the Golden cross happens. If a market is already overbought, and near a level at which the price will face fierce resistance, the Golden cross might not lead to a price increase at all, and in some cases can even trigger sales.
Another thing is that with how people now have had enough time to prepare themselves for certain events, the effectiveness of a specific event on the price will decrease. What you have is a price increase in the runup to the event, but a stagnant and decreasing price just before/after the event.
I think we can slowly go up but there is no telling when we will stop going sideways there is such a large gap between now and the next halving.
we could even still go down before going up again
we could even still go down before going up again
I agree. In short term we might be bullish but not yet in long term charts. The golden cross in short term charts is definitely suggesting that we will cross over $5400 easily. But are we yet ready for $6k. I guess not. Bitcoin will retrace and will stay in $4k range for more time to come before an actual bullish phase.
$5.400 is like tomorrow. Since April 1st the value increases by $200 each week. When you look behind, it's not bad for BTC. I suppose we can say that the bullish phase already started, especially if it continues like this. Maybe it's just that it doesn't behave like we're used to seeing.
I agree. In short term we might be bullish but not yet in long term charts. The golden cross in short term charts is definitely suggesting that we will cross over $5400 easily. But are we yet ready for $6k. I guess not. Bitcoin will retrace and will stay in $4k range for more time to come before an actual bullish phase.
That is beginning of June? I am sorry but you are way to early. August is earliest. But most likely will happen in September.
you know I don't decide when and what does the price have to be, it's all based on the charts that we have at our disposal, and i can very easily be wrong. apparently for you to say that August is the earliest, it has to be based on one of two things
1- crystal ball.
2- another analysis.
i would love to see that facts that led you to think my theory is wrong, and yours is more likely to be true.
Thanks
now looking at the RSI on the weekly we did break the 42 level to the upside, we suppose to re-test it in about 1.5 months time, and from there the bull run should start.
That is beginning of June? I am sorry but you are way to early. August is earliest. But most likely will happen in September.
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