The market is not good - page 5. | Bitcointalksearch.org

cryptomaniac_xxx

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Quote from: dothebeats on July 24, 2021, 03:14:36 AM

Current market sentiment still remains to be bearish, though not in a way that will push prices lower than $29k a few days ago. A lot of speculators and traders in the circles that I frequent expects a sideways market for weeks before a huge move occurs, though several retest of the resistance @ $34.6k is also expected in the weekend. If that fails, $30k-$31k is where the price will fall to, and will be where most of the trading action will happen.

$34k is the next big psychological barrier to break, usually traders looks for whole number mark so let's see if we can breach it in the next 24 hours are the market is really moving very strong this week. The price is now $33,700 from as low as $29k just a few days ago.

But the thing is that we are in the weekends again, so trading and obviously volumes might slow down a bit. And as we enter the last week for this month, at least $34k price levels is very good for us.

dothebeats

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Current market sentiment still remains to be bearish, though not in a way that will push prices lower than $29k a few days ago. A lot of speculators and traders in the circles that I frequent expects a sideways market for weeks before a huge move occurs, though several retest of the resistance @ $34.6k is also expected in the weekend. If that fails, $30k-$31k is where the price will fall to, and will be where most of the trading action will happen.

TravelMug

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Quote from: Clavulanic on July 23, 2021, 06:59:27 PM

Quote from: lightning0 on July 19, 2021, 10:57:52 PM

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

Yes we still experience bearish while bull is struggling to recover, we still have to learn more control of emotions before success comes. Our long patience of holding will be tested so many times, specially when there's fud that also making us more anxious. All we need is a strong mindset and determination to overcome all those fears, that could pull us down.

Lol, have patience mate, just look at the price, it's already above $33k from that low price you mentioned $29k. So it's not a pain point or something, it's just the price goes down because of the obvious selling. But on the other hand we have whales and speculators filling their wallet with this cheap and bargain price.

So it's either you sell because you are impatience and afraid that the market might fall down again, or wait and better yet buy at the the dip. Make your choice.

Clavulanic

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Quote from: lightning0 on July 19, 2021, 10:57:52 PM

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

Yes we still experience bearish while bull is struggling to recover, we still have to learn more control of emotions before success comes. Our long patience of holding will be tested so many times, specially when there's fud that also making us more anxious. All we need is a strong mindset and determination to overcome all those fears, that could pull us down.

harizen

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Quote from: lightning0 on July 19, 2021, 10:57:52 PM

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state. Is it still bearish when there is currently no good situation?

Bitcoin @$32,000 is not in a good situation? Well, in an investment view if you bought at a much higher level, you will really think of that. But your supposed loss is just a paper loss if you still hodl it by now. Only consider selling it and accepts your loss if you intend to day trade it just to cope up with the current phase.

And I don't believe that many community groups in Telegram are in a negative state. You guys are just overreacting. There's no thing as bullish all year long. You should expect that a bearish will happen on the way and will spoil a hype.

Fatunad

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Quote from: lightning0 on July 19, 2021, 10:57:52 PM

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

Deal with it and get used to it.There would be lots of people would whine off whenever bitcoins price tends to fall or when people had seen their portfolio is falling negative.
If you are just new into this market then you would definitely freak out but if you've been here on this place on a while then you wouldnt really mind those words
that do comes out on every corner.Bitcoins price is never been predictable in the first place and you would see those community telegrams or on what places
will really be having their own corresponding opinions and views towards it.Just dont get easily affected by it and stick to your own analysis.

Johnyz

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Quote from: ?? on ??

Yes, now the market is not entirely disposed to trade crypto, but even now it is quite possible to try. In my opinion, with the right approach, the result may well be positive.

Always have a plan either the result is bad or good at least you try because if you will keep on playing without the plan, you’ll burn that money sooner or later.

The market is recovering, that’s a good sign but the volume is still weak and we need to confirm more indicators first before we say the trend again. We’re not in a bad position yet, hopefully we don’t proceed on that level.

Slow death

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Quote from: Gozie51 on July 23, 2021, 01:32:30 PM

Quote from: ?? on ??

Yes, now the market is not entirely disposed to trade crypto, but even now it is quite possible to try. In my opinion, with the right approach, the result may well be positive.

About trading cryptocurrency, there no time that is not good to trade it if you can have the techniques for that, whether bear or bull, there are profits to make for those who understand it. In bull trading for example, people still make losses despite the season you can make profit for those who understand trading.

In the last two days the market volatility was terrible, I was particularly wondering what was the reason why the price of bitcoin had increased so fast, so I saw here in the forum that once again the responsible for the increase in the price was elon musk, at least this time he managed to get rid of the panic that his followers were having and is making the price drop a lot

Quote from: jossiel on July 20, 2021, 06:06:10 PM

$29k must be considered the support and it's being hit so just prepare that we might meet the past ATH 4 years ago.

don't make many people here on the forum have a heart attack

Gozie51

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Quote from: ?? on ??

Yes, now the market is not entirely disposed to trade crypto, but even now it is quite possible to try. In my opinion, with the right approach, the result may well be positive.

About trading cryptocurrency, there no time that is not good to trade it if you can have the techniques for that, whether bear or bull, there are profits to make for those who understand it. In bull trading for example, people still make losses despite the season you can make profit for those who understand trading.

Miaallen

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The market isn't good right now just like you said but those with great skills at forecasting the Cryptocurrency prices are making it huge with future trading.

Despite the market situation, one can still make huge some pending when market stops being bearish, and that might take more than a year.

Scarlett7777

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Quote from: hugeblack on July 20, 2021, 02:54:49 AM

The current situation is expected to continue until the end of July 22nd, the price is still under the manipulation of grayscale and those who will continue to manipulate the price to make their clients earn more money.
Always like these are the best times to buy so if you are afraid stop following the price, either you buy or not follow the price, selling now will be the worst.

I agree with your point of view. Selling at this time is undoubtedly a very bad choice. It can be seen why the spot market has not been effectively supported because a large number of negative premium GBTC has diverted the funds that have entered the market. Fortunately, the biggest unlock of GBTC has been completed on the 18th and 20th. There are still a few not too big pens left in July. After that, there is almost no amount. After digesting the discounted goods, the appetite of institutions should turn to spot goods. In the long run, more and more institutions will enter the market. Bullish! do not move.

ethereumhunter

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Quote from: lightning0 on July 21, 2021, 02:24:05 AM

I believe that there will be many public figures or influential people who will initiate activities such as discussing Bitcoin, which will drive the rise of Bitcoin.

Just like today's event, Tesla CEO Elon Musk, Twitter CEO Jack Dorsey, and Ark Invest CEO Cathie Wood will be featured speakers at the Bitcoin event “The B Word,” which will feature a live discussion between the three focused on how Bitcoin is perceived by the mainstream.

Bitcoin rose by 1,000 points, which is a good start.

Bitcoin is back to the $31,900 level and the trend is still good enough to continue and break $32k, which bitcoin already touches before. But this situation does not guarantee that bitcoin will still rise as we know that the price can go anywhere. If the price can stay at $32k and even still increase, the next bull run will come and we will be back to make a profit like before.

Bitcoin has now slowly become mainstream and more people will hear about bitcoin and join in bitcoin. Once that can happen, bitcoin can start the rise and hit the next high price level.

Quote from: jossiel on July 21, 2021, 05:12:30 AM

It's good to see how bitcoin recovered quickly.

The price recovered to $31k and that's a very quick turn for bitcoin but it's not that surprising anymore because that's the true nature of bitcoin. It may not be good for a while.

But it will eventually recover and hopefully goes back to the prices that we want to see, $40k-$60k.

The recovery comes quickly. I am glad to sell some satoshi that I bought yesterday Grin

But still, that surprised some people because if they compare with the previous trend, this uptrend could come fast than before. If bitcoin can sustain and even increase, sooner or later, the price will have more chances to break $40k.

Bitcoin still has many times to back to $40k-$60k. At that time, our profit will be bigger than before.

Naficopa

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Quote from: lightning0 on July 19, 2021, 10:57:52 PM

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

It didn't take long for the situation to change. Today the price has returned to its previous level.
The cryptocurrency market is very volatile so do not worry about a few percent changes even if they happen overnight.
The market sentiment is still positive so I think we will see price increases soon.

Core.i7

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Quote from: lightning0 on July 19, 2021, 10:57:52 PM

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

The market may not be good at the moment but it will never remain in the same state.
It won't take long for the market sentiments to change from bearish to bullish.

jossiel

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Quote from: ethereumhunter on July 20, 2021, 11:01:45 PM

The current bitcoin price now is $29,606, which is down for more after a stay at $30k. So it could still be at the bearish trend for now.

It's good to see how bitcoin recovered quickly.

The price recovered to $31k and that's a very quick turn for bitcoin but it's not that surprising anymore because that's the true nature of bitcoin. It may not be good for a while.

But it will eventually recover and hopefully goes back to the prices that we want to see, $40k-$60k.

lightning0

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Quote from: ethereumhunter on July 20, 2021, 11:01:45 PM

The current bitcoin price now is $29,606, which is down for more after a stay at $30k. So it could still be at the bearish trend for now. You need to analyze more if you want to know the good price you can buy because at this moment, it is better to stay for a while and not trying to enter the market. But you can check the market movement by buying bitcoin for small amounts and seeing where bitcoin price will move later.

But in this day, the price is not moving up or down too deep, so hopefully, the price can still stabilize. But the bearish trend still is there and no one will know where the price will move.

I believe that there will be many public figures or influential people who will initiate activities such as discussing Bitcoin, which will drive the rise of Bitcoin.

Just like today's event, Tesla CEO Elon Musk, Twitter CEO Jack Dorsey, and Ark Invest CEO Cathie Wood will be featured speakers at the Bitcoin event “The B Word,” which will feature a live discussion between the three focused on how Bitcoin is perceived by the mainstream.

Bitcoin rose by 1,000 points, which is a good start.

ethereumhunter

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The current bitcoin price now is $29,606, which is down for more after a stay at $30k. So it could still be at the bearish trend for now. You need to analyze more if you want to know the good price you can buy because at this moment, it is better to stay for a while and not trying to enter the market. But you can check the market movement by buying bitcoin for small amounts and seeing where bitcoin price will move later.

But in this day, the price is not moving up or down too deep, so hopefully, the price can still stabilize. But the bearish trend still is there and no one will know where the price will move.

lightning0

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Quote from: KryptoKings on July 20, 2021, 01:15:23 AM

Quote from: lightning0 on July 19, 2021, 10:57:52 PM

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

How do you mean by July 23 $32k, are you predicting to be the price by few days or what ?
One thing for sure is that you have to know about btc very well as understands it, know about instability of the price as well.

I am observing the market sentiment. Everyone is not as enthusiastic about Bitcoin as before. In this situation, if there are no major benefits, people will fall asleep.

I am also thinking that the current market sentiment may not be enough until people are desperate. When that day comes, Bitcoin may start to reverse.

Quote from: hugeblack on July 20, 2021, 02:54:49 AM

The current situation is expected to continue until the end of July 22nd, the price is still under the manipulation of grayscale and those who will continue to manipulate the price to make their clients earn more money.
Always like these are the best times to buy so if you are afraid stop following the price, either you buy or not follow the price, selling now will be the worst.

The best time to enter is when others fear the most. Get your funds ready. Hahahaha

Quote from: Bitcoin_Arena on July 20, 2021, 06:37:12 PM

Ungrateful humans. Greed can really blind and make us look in only one direction.

Bitcoin was rising for months, I think at some point there were about 6 or 7 green months. What did you expect afterwards?
Obviously there had to be a correction at some point. It happens with all markets.

Given that this is Bitcoin we are talking about, the current market trend should be seen as a blessing in disguise. An opportunity to buy Bitcoins at a discount because some months or a few years from now it could be more than triple the price some people are complaining about right now.

The callback is a good thing for Bitcoin, and it is not difficult to see that the value of Bitcoin is still growing

Bitcoin_Arena

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Ungrateful humans. Greed can really blind and make us look in only one direction.

Bitcoin was rising for months, I think at some point there were about 6 or 7 green months. What did you expect afterwards?
Obviously there had to be a correction at some point. It happens with all markets.

Given that this is Bitcoin we are talking about, the current market trend should be seen as a blessing in disguise. An opportunity to buy Bitcoins at a discount because some months or a few years from now it could be more than triple the price some people are complaining about right now.

jossiel

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No.

People are just exaggerating and wanting to see the ATH again. But the market doesn't work like that. It stays on the ATH for a very short period of time and then the plunge comes.

$29k must be considered the support and it's being hit so just prepare that we might meet the past ATH 4 years ago.

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