Topic: Who saw the Bear market coming? (Read 777 times)
I guess this is just the cycle? We saw that when we hit $69k around November, everyone was shouting that $100k is next in December. But it didn't happened as the price goes down at the end of the year and early January. So that is the sign already that the bear market is coming. And as we look at the past, same trend, December's peak in 2017, bear market 2018-2020. So I guess everyone who has been in the market for so long and had experiences at least the 2017 bull run and the subsequent bearish trend should seen and smell this from afar.
lol @ all the shocked newbs about the crash. Been posting about this for a year now.
Edit: Over a year
Edit: Over a year
I was for the idea that 100k was going to be hit after seeing 70k in our sights...but whatever manipulation that happened markets crashed so hard such that even today i fail to understand how all this happened in a short period of time as its unexplainable. But because we are used to seeing such dips we certainly are going to get back up and hopefully see $70k then $100k in no time.
100k in an instant right after 70k? How bout 80k first then 90k and after this 100k is surely going to happen. I think it is better if we work things slowly because a shock in the price is not good. I remember there are happening like that, where an ATH is skipped to a new higher ATH but the price didn't stay long in that position and later that day it fell at a much lower.You just said that there is a manipulation. Manipulation can also be cause of the dips that we are experiencing now. You do not need to wonder how that happen because market manipulators are too powerful, they have lots of coins that they can sell to crash the price.
I was for the idea that 100k was going to be hit after seeing 70k in our sights...but whatever manipulation that happened markets crashed so hard such that even today i fail to understand how all this happened in a short period of time as its unexplainable. But because we are used to seeing such dips we certainly are going to get back up and hopefully see $70k then $100k in no time.
People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset. The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.
So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
Indeed, the market is still healthy despite the huge full back. From $70k down to $32k, that was not enough to call a bear market. It is just how these doubters will think negatively once seeing the downside. This is not new to us but many were still not able to understand as they only know that every drop will lead to bear season and apparently, it was a big mistake and wrong market presumptions. So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
The market still floating $38k-$41k, corrections have something to offer us and that is giving us a chance to buy more.
We have been in the down trend since nov 2021 and my support line are at 29k .
If we passed down below that line , i think it could be mean a disaster for sure. 10k is near .
I don't think we will go down to that 10k price level anymore.
$30k maybe, but it would need a negative news why we are going that low.
The bearish or bullish category in the market is actually vague for me.
It depends on what price level you are in reference here.
And for every person, they have their own level of bearish or bullish market.
So in terms of discussion, we need a reference here so we are all in the same page.
But people have their own opinions and so we are getting confused to what is the real bear or bull market here.
People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset. The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.
So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
Indeed, the market is still healthy despite the huge full back. From $70k down to $32k, that was not enough to call a bear market. It is just how these doubters will think negatively once seeing the downside. This is not new to us but many were still not able to understand as they only know that every drop will lead to bear season and apparently, it was a big mistake and wrong market presumptions. So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
The market still floating $38k-$41k, corrections have something to offer us and that is giving us a chance to buy more.
We have been in the down trend since nov 2021 and my support line are at 29k .
If we passed down below that line , i think it could be mean a disaster for sure. 10k is near .
People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset. The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.
So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
The price is a little bit confused because people are waiting for the coming decision of USA they are confused that what will be the decision for bitcoin for the state. If the decision will be to adopt bitcoin and to regularize then the price will see another ATH in the coming month. So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset. The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.
So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
Indeed, the market is still healthy despite the huge full back. From $70k down to $32k, that was not enough to call a bear market. It is just how these doubters will think negatively once seeing the downside. This is not new to us but many were still not able to understand as they only know that every drop will lead to bear season and apparently, it was a big mistake and wrong market presumptions. So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
The market still floating $38k-$41k, corrections have something to offer us and that is giving us a chance to buy more.
People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset. The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.
So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
So here we are pulling back again, Im not going to say its a bear market just because we wont go up this month maybe not even next month. I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle. Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.
This is why buying the dip is such an effective strategy if you are willing to hold your coins for the long term, after all even if the price of bitcoin goes down this is not the tragedy that everything thinks and instead it is a huge opportunity.
After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.
Effective not only for the long term holders but buying at the dip works good too for a short and mid term holders because they too can earn a profit. A real tragedy is when someone buys at high price and he sells it for a loss just because they cannot wait anymore for the coin to comeback. The short and mid term holders are often affected with this.After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.
When maximizing your profit, short term trading might not be the most advisable one. Unless If you have a good experience and market knowledge and of course the risk appetite that will be the best way to maximize the profit in a short period of time. Now, If you're not really into short term trading like a lot of people is, long term holding is the easiest and less stressful way to maximize your profit in your Bitcoin investment.
All you need to look at is the dip so you can accumulate more, or the bullrun to see If you have achieved your long term target.
to handle and sustain up yourself when it comes to trading and not all would really be that similar in terms of skills and knowledge and thats why there are people who
do really end up on holding instead of making short term trades because they couldnt able to bare the risks but majority arent really that patient enough.
This is why buying the dip is such an effective strategy if you are willing to hold your coins for the long term, after all even if the price of bitcoin goes down this is not the tragedy that everything thinks and instead it is a huge opportunity.
After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.
Effective not only for the long term holders but buying at the dip works good too for a short and mid term holders because they too can earn a profit. A real tragedy is when someone buys at high price and he sells it for a loss just because they cannot wait anymore for the coin to comeback. The short and mid term holders are often affected with this.After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.
When maximizing your profit, short term trading might not be the most advisable one. Unless If you have a good experience and market knowledge and of course the risk appetite that will be the best way to maximize the profit in a short period of time. Now, If you're not really into short term trading like a lot of people is, long term holding is the easiest and less stressful way to maximize your profit in your Bitcoin investment.
All you need to look at is the dip so you can accumulate more, or the bullrun to see If you have achieved your long term target.
This is why buying the dip is such an effective strategy if you are willing to hold your coins for the long term, after all even if the price of bitcoin goes down this is not the tragedy that everything thinks and instead it is a huge opportunity.
After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.
Effective not only for the long term holders but buying at the dip works good too for a short and mid term holders because they too can earn a profit. A real tragedy is when someone buys at high price and he sells it for a loss just because they cannot wait anymore for the coin to comeback. The short and mid term holders are often affected with this.After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.
It is actually normal that a coin will dump and it can take a long time for it to recover again after reaching a high price or a new ATH. This is why its advice that its better to buy at a much lower price or at the dip because the price of the coin is expect to recover easily right after this event.
It is becoming a nature or a nature in the Bitcoin price movement, that whenever a new price mark is achieved, there will be this price correction to retain a support zone and balance for a new price mark.
Am not much a pro in technical analysis but I'll say Bitcoin has dropped into the bear market zone, and this is one thing that could be some draw back to having new ATH, as this zone will be affecting the entire market. I don't really think this bear zone will be the one that will last for up to a year or more. This is a good time to buy the deep, with fingers crossed that it doesn't go any further or worst than the way it already is. If Bitcoin price should remain above the price mark of $30k+, that will be okay, but going below it, that will fill the market with blood and lots of coins might be dead while some becomes shitcoins.
Am not much a pro in technical analysis but I'll say Bitcoin has dropped into the bear market zone, and this is one thing that could be some draw back to having new ATH, as this zone will be affecting the entire market. I don't really think this bear zone will be the one that will last for up to a year or more. This is a good time to buy the deep, with fingers crossed that it doesn't go any further or worst than the way it already is. If Bitcoin price should remain above the price mark of $30k+, that will be okay, but going below it, that will fill the market with blood and lots of coins might be dead while some becomes shitcoins.
Interesting to read your reasoning a week later when bitcoin is up almost 40%. So what if the bear market doesn't come now or even this year? And most of all I wonder - did you buy bitcoins on this correction or not? I'm not going to guess what the price will be in a month or six months, but I think you can just keep your coins and not pay attention to fluctuations. It turns out to be the best strategy in the end. Even those who bought bitcoins in 2017 for 20k and didn't sell them are now with good profits. I'm not even talking about what would have happened if they had not worred to invest and regularly restocked their coins. But there are probably very few people like that, because not everyone's mental health can stand the news background of a bitcoin crash. I think that now we can see the same situation.
After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.
It is becoming a nature or a nature in the Bitcoin price movement, that whenever a new price mark is achieved, there will be this price correction to retain a support zone and balance for a new price mark.
Am not much a pro in technical analysis but I'll say Bitcoin has dropped into the bear market zone, and this is one thing that could be some draw back to having new ATH, as this zone will be affecting the entire market. I don't really think this bear zone will be the one that will last for up to a year or more. This is a good time to buy the deep, with fingers crossed that it doesn't go any further or worst than the way it already is. If Bitcoin price should remain above the price mark of $30k+, that will be okay, but going below it, that will fill the market with blood and lots of coins might be dead while some becomes shitcoins.
Am not much a pro in technical analysis but I'll say Bitcoin has dropped into the bear market zone, and this is one thing that could be some draw back to having new ATH, as this zone will be affecting the entire market. I don't really think this bear zone will be the one that will last for up to a year or more. This is a good time to buy the deep, with fingers crossed that it doesn't go any further or worst than the way it already is. If Bitcoin price should remain above the price mark of $30k+, that will be okay, but going below it, that will fill the market with blood and lots of coins might be dead while some becomes shitcoins.
Interesting to read your reasoning a week later when bitcoin is up almost 40%. So what if the bear market doesn't come now or even this year? And most of all I wonder - did you buy bitcoins on this correction or not? I'm not going to guess what the price will be in a month or six months, but I think you can just keep your coins and not pay attention to fluctuations. It turns out to be the best strategy in the end. Even those who bought bitcoins in 2017 for 20k and didn't sell them are now with good profits. I'm not even talking about what would have happened if they had not worred to invest and regularly restocked their coins. But there are probably very few people like that, because not everyone's mental health can stand the news background of a bitcoin crash. I think that now we can see the same situation.
That is what the charts indicate so I agree with you, the only way out is for some development to occur that shakes the market and makes it to go up again, but right now I do not see any kind of news that could do something like that.
So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.
We can't expect bitcoin to hit $100K at a time like this as there is always a FUD rocking the market to prevent it from rising above $40K after the recent correction. I think people are considering whether this is the right time to buy or they decide to exit before the market resumes its correction.So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.
The bitcoin price is currently at -46% of the previous ATH which has created a lot of doubts about the next bullish move. If the ATH pattern from April 2021 to November 2021 can be repeated in 2022 then that's great because we can expect another ATH in June 2022. But many people doubt it, myself included.
Still the 100k level seems to be way out of our reach, as even if the recovery has been important I do not see the volume and the strength necessary to sustain such a huge movement, especially when there is so much economic and politic uncertainty around the markets.
That is what the charts indicate so I agree with you, the only way out is for some development to occur that shakes the market and makes it to go up again, but right now I do not see any kind of news that could do something like that.
So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.
We can't expect bitcoin to hit $100K at a time like this as there is always a FUD rocking the market to prevent it from rising above $40K after the recent correction. I think people are considering whether this is the right time to buy or they decide to exit before the market resumes its correction.So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.
The bitcoin price is currently at -46% of the previous ATH which has created a lot of doubts about the next bullish move. If the ATH pattern from April 2021 to November 2021 can be repeated in 2022 then that's great because we can expect another ATH in June 2022. But many people doubt it, myself included.
At the moment bitcoin is still very difficult to break through the $40K price resistance and it looks like there will be a slight price drop in the market in the near future to seek support from the whales, I think now it's better for us to see and wait where bitcoin goes next rather than rushing into it market, it will be very risky if we enter the market without doing the right analysis because all possibilities can happen later.
Yes, as I have said in another post, we have difficulty breaking the $40,000 barrier even next month. So if this happens, then we might see another downward spiral maybe hitting < $30,000. I know I sounded like a doom and loop, but it is what it is, we are in a bear market.
And since it is early this year, perhaps it's better to wait for the price to still go down a bit before entering the market.
So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.
OP simply imagine if the opposite happened, will you still be brave enough to create a topic and apologize for all those you try to warn? No matter how clever you are you can't see the future you can only indicate.
At the moment bitcoin is still very difficult to break through the $40K price resistance and it looks like there will be a slight price drop in the market in the near future to seek support from the whales, I think now it's better for us to see and wait where bitcoin goes next rather than rushing into it market, it will be very risky if we enter the market without doing the right analysis because all possibilities can happen later.
Yes, as I have said in another post, we have difficulty breaking the $40,000 barrier even next month. So if this happens, then we might see another downward spiral maybe hitting < $30,000. I know I sounded like a doom and loop, but it is what it is, we are in a bear market.
And since it is early this year, perhaps it's better to wait for the price to still go down a bit before entering the market.
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
People could neither be positive minded with neither with their own personal calls or had been influenced by someone and people who do have those thinking on which minding aboutNo one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
casual market movements which is on having those up and down on where they do always think that correction is always on the corner.You might have that right call that 60k+
was the peak but it cant really be avoided that you would be thinking that the price might shoot up even more thats why you've decided to wait up a little bit more.
Jump to: