Topic: The market is confusing - page 4. (Read 2588 times)

The market has always been difficult. In general, relying on a simple way to earn money is rather naive. In this case, many traders would have earned this way a long time ago.

You're right about not blaming the market because the current market trend is something that always happened and I believe crypto investors ought to be prepared for it ever since the Bitcoin halving bullish started because after it is a market correction and when the market is in the correction no prediction can justify the market next momentum.
Concerning the Bitcoin market to downtrend to $24K it is hard to tell the bottom price of the market but the bearish is not yet over.

Oh gawd bitcub.. you are quite the bear.

I agree with you that there can be quite a bit of confusion when there are various battles going on, and then we have to attempt to assess which side is going to win the short-term battles and also to consider where the longer term trends might end up taking us, even if there might be some extreme fleshings/flushing out of weak hands in the shorter-term periods.

It seems to me that you should be careful when you are presuming that the bearwhales would be able to force bitcoin prices down to such extreme levels .. especially when you are talking $18k or $10k...   The revisiting of $24k and even touching upon or going below the 200-week moving average (which is currently at $22k) are surely reasonable price points that BTC could touch upon or even get forced to stay down at those levels for a longer period of time than HODLers would prefer, but it seems that you are going to need some pretty dire circumstances if you believe that the BTC price is going to go below the 200-week moving average for any kind of meaningful amount of time and/or to even go substantially below the 200-week moving average especially if you also account for the relatively smaller level of BTC's blow off top this time around, if we are considering $69k in early November 2021 as our current blow-off top..and it is even hard to attribute that as being a "blow-off top" since it was nearly reached in April 2021 when the BTC prices reached $64,895.

Sure, anything is possible, but we need to be considering various fundamental aspects of bitcoin's historical bottoms if we are considering that those kinds of numbers that go way below the 200-week moving average are really possible/probable - even if the talk about outrageously negative macro-economic circumstances (including the fall of fiat) could be within that mix that could end up serving as a black swan like event.. and even given all of that, would we be presuming too much to consider that bitcoin is going to go down that far?

Oh yeah, another potentially BIG dynamic includes the purging of froth from the various shitcoins, including but not limited to ethereum, the various meme coins and NFTs and Defi, and sure there is plenty to purge, so surely it would not be clear if those purgenings or even if they keep on deceiving people that they are value (and pump with bitcoin), that they are going to drag bitcoin down to sub 200-week moving average prices or even be able to contribute towards causing bitcoin to stay below the 200-week moving average, even if it were to be able to be drug below that line for any kind of meaningful amount of price quantity or time.

it's like a jump too high for bitcoin's current situation. I see the current situation of Bitcoin has been repeated several times. movement up slightly then corrected. after stability, there will be another increase and then corrected again.
no need to be confused by the current situation. just set orders for decrease and increase if you want to trade. if you want to invest, I don't think the market situation will affect you much. most importantly you are firm in the investment made.

We cannot blame the current market now. It is indeed very deceiving as the chart might look bullish then after few hours it look bearish. The reason behind this is because the bulls and bears are fighting against the Bitcoin price. People are buying crypto and others shorting it.

Personally I am still bearish with Bitcoin. I am expecting BTC to hit 24k, then 40k, then drop to 18k or may be 10k, then bull run to $250k.

The crypto market is always speculative. Here assumptions are not always correct, which is not possible. So in this speculative market you always have to invest in Confusion. Knowledge and experience help you to survive in the market.

Past events repeats itself but sometimes it never comes in exactly the same form there must always be a slight variation from the previous trend. Different factors affect the market direction, If we relate what happens in the market to what happens in life it can be misleading in a way because both operate on two different environment

In fact, the market is a reflection of events that take place in life. It should be understood that the result of such changes in the market is exactly what happens in life.

Market is/was bearish and i saw a lot of panic posts! This is my mantra: Buy when others fear sell when others gear!! Basically don't panic and HODL and just forget you ever invested. I am bullish in my portfolio but i also have few assets which are down sinec past few months, doesn't mean i will sell it for loss. I am in it for a long haul and invested which i was willing to loose. If you did the same than you shouldn't be panicking - just sit back relax and enjoy away the bumpy ride.

Nope,it's confusing on every aspect or everytime you do make out such action whether you do buy or sell on particular price condition and since the price movement is unpredictable then you would always hesitate whenever on what action you would really be making.Its up to someone whether they do make out some action basing with their own analysis and skills and this will depend or differ on each and everyone.

What is going to be noticed here is that the ones from Kipta which are bad with space because if you only guess when chatting here in the market then but here here that itself Because of the choice of predictions in this regard, but what is decided here will bring around, but what can be wrong here, so what to do when begging here, but what will be the meaning, but based on the same thing here when the market is very low.  It is thought to be a good idea to buy and keep something else, but it would not be right to take risks here

The market is only confusing when we can saw bitcoin price drops drastically, if the market is green everyone is happy and no questioning of the price no one will confuse and enjoy the earnings, but if the market is full of red or bear market everyone start complaining and confused with the price even if most of the expert says its time to buy but everyone seems still confuse and always have a doubt to buy because they afraid that they will going to lose if there is a long bear market that is called greed. So i think buying is best at this point of time we need to start buying before its too late again.

I myself prefer to be more patient waiting for the bearish trend to end before re-entering with a big investment. although I still buy bit by bit at the current low for the long term (DCA). but I do not dare to take the risk to buy a lot. but I myself as a scalper (day trader) is not too affected by current market conditions. because indeed I enter and exit on the same day (daily traders). I just have to keep going with the flow and take profit little by little.

If everything is combined it will make trading easier. But it's a difficult thing for everyone to do because the level of psychology can't really be regulated. Psychology will affect the final result of a strategy that has been made from scratch.
An experience will also have a good impact, it can press psychology to stay positive and believe in the initial strategy that was carried out. which of course also has to know what type of trading is suitable for you, long term, medium, or short term or also a wing trader.

You'll eventually learn more from your experience as trading in crypto cannot be relied upon on reading the chart, there are plenty of factors to consider, like the news ,the hype, and the FUD, you need to understand how people will react on a given information so you'll be able to make a timely and right decision.

I take the example for the current market, when the candles are ranging and I think the price is already very low, on the other hand the price has touched a strong support area so with full confidence the bear season will end soon, but in fact the price is currently in the $28k range , of course this broke my belief, will the price go down again, and look for support below it again, maybe I should learn more

I think, those that understood how crypto market move will know that we are in bearish season where both long term traders and short term traders continue holding till bullish season appear in the market before they can sell to make a passive income. Don't forget that crypto market price is unpredictable which it can pump for people to  sell at the moment to make a good profit and it can also dump for people to use the opportunity to buy and hold for the price to move higher before they can sell to make a good profit. Don't be confused about the bear market because the price is preparing to increase higher for people to smile again in the market.

Depends on what kind of trader you are whether going for long term or would be preferably doing short/swing/trend type of behavior.Market had been confusing since from the beginning
and considering the volume and volatility then this isnt something that you could handle it well.
With due experience and awareness on how this market behaves then you would really be able to create different possible actions or plans ahead and that would really be
varying on someones knowledge and skills which do really differ into each person.

You are correct, i believe in you, i always keep my computer open to check the price of Bitcoin. We doesn't know what will happen in the next week. Altcoin price usually varies with Bitcoin price. So, most of the time if bitcoin price increase usually altcoins follows as well.

It's easy to trade when you're prepared for both outcomes. You know what you're doing and there's a sense of responsibility for each of your actions.
Yeah, it does requires skills and knowledge, and do not forget the experience that also plays an important part as you trade. Combining all of them will make trading easy for you but, if it's not really for you then you have the choice to remain as an investor.