Bitcoin Forum

Hello friends, Market has recovered again, although it is not very high rise. But you observe the crypto market closely then it has a behaviour in it. On 25 Nov there was an downward movement in the market then on 26 Nov there was an upward movement. Yesterday it was again down and red was the light everywhere. Now today it is again Green everywhere. Do you think market has touched the bottom line and there are chances that it will go down further?

Price stabilize a little bit now and actually rally few % these 2 days
Market seems a little bit positive now compare to weeks ago

More and more positive news of big institutions are into the game
Lets see!

Did you forget when people said, the bull is ready? or the bull is coming in a couple weeks ago before this decline?
Even though we are seeing a good movement with cryptocurrency right now or today, but it does not mean the trend is changing right now. Do not forget the fact that we are going to take a holiday in a couple weeks later, which means the price usually always take a huge dive for a couple days before the holiday.

Cryptocurrency is always making a move based on the opposite side of your sentiment and prediction.

I have some doubts that it is the bottom. At $6000 people already thought it was the bottom. But there is still hope for a little rebound. But for how long and how much? Nobody can really say.
The current volume of trading is bigger compare to when BTC was at $6000, it is not too bad.

I hope that the market will unfold in December, but perhaps a major player wants to confuse us. Many will start buying Bitcoin in Long, but I wouldn’t be surprised if we touch 3000. If we show growth for several days, this is the first sign of a reversal.

Don't know, but bitcoin has some recover now.

I do not think it can be considered as a recovering, the price is up due to this: https://www.coindesk.com/nasdaq-vaneck-partner-to-launch-crypto-2-0-futures-contracts
If crypto always repeats its history again, I believe in no time the price will be decreased again but of course everything is possible right now.

To be honest we need to wait a little more before calling bull run, i think if btc breaks 4300 to 4500 levels first and stays above those levels then i will consider it positive for the market and bulls, second factor for me will be the weekly and monthly candle closing if they close with a positive candle we can expect reversal but at the moment we have to wait and see.

Maybe. Actually, I can't say anything at this time. The whole market changing at every time. So I can't say anything at this time. But, we can see some new things here. It's I saw the market will try to do change its path. But not yet confirmed it. However, it will be confirming to upper wave, definitely, the whole market will increase rapidly. So wait and watch.

I think this is not a recovering or starting of Green waves. We will see the bear trap again one more time that  will happen in 2 days. We will see the real increasing and high volumes after the this year. We can wait more the rising for earning a lot of money.

There may be an increase to prevent short positions. I need to be careful.

We don't have any idea if the red days are totally ended but just don't be too confident that it already does. There's more to come in the market but if this will keep going then its favorable to everyone.

Waiting for it to break through $5,000 then $6,000 and so on. If we will see that happen again, then to be exact we are already getting out of this bear but until we see $10,000 again I'm not going to be confident.

Yes, market stopped bleeding wave a bit, but I think it's not over. In particular, I think the price of bitcoin will down slightly again soon. I hope I'm wrong.

I could not consider this as the end but remember the bearish trend can be started anytime. The market has started to rebound from the bottom floor. We will see what will happen to the bitcoin as soon as possible. just waiting for that.

Hard to say at this point. We have seen a lot of this patterns from the past. Just a couple of days ago we went from $3600->$4000 then $3600 again. So I don't know if this is a bull trap or dead cat bounce or a legit break out run. I'm speculating that people are doing short, specially bitcoin, imagine buying at $3600 and then selling it at today's price of around $4000-$4100, that's instant profit in couple of days. So just be careful guys not to be trap here. On the other hand, if you have bought at $3600 then look at the long haul and don't short not just bitcoin but at least top 10 coins.

i read a good news coming to crypto world,, maybe this is only one of them
https://cointelegraph.com/news/nasdaq-partners-with-vaneck-to-release-regulated-surveilled-digital-assets-products
i think the rising price on crypto world was because of that news

If me i will stay calm and see where market will go, because it is almost christmas and i heard people will sell their coins to cashout for holiday, this thing usually happen and i think it is better to take a rest from trading.

The bearish trend has started for a long time for this year. Do you mean to say the bull run? So if you mean to say that its just getting started then how low the bottom would be? Everone is expecting to see a bull run and now in your opinion, the bear's just about to start.

It's very hard to make the right prediction for this market at this time when the price constantly fluctuates. I think you will be patient and waiting for the bright of the market, and I hope that the next month the rate of BTC and ETH will rise to get the market cap to grow to 200 billion dollars.

I think it still has a high chance of dipping down. It somehow rise at a specific time yet it still experience its corresponding price correction, just creating a wavepattern everytime.Hopefully afer ETF there will be changes to this so we can experience a bullrun again just like last year.

I hope it will end of red market and turn to green market. In the last few weeks the price become lower and you lose your money for sure but if we want to recover re losing better if we are going to buy again bitcoin and altcoin and start earning money again

Thank God, the crypto market is starting to grow even though it's slow but sure and has better values, let's get back to the spirit and continue to trade in a healthy manner and hopefully more profitable. Hopefully the project will be better and quality so that the market continues to increase and has good volumes for the future.

maybe now it has become the end of the red wave and has started to do price recovery, hopefully many traders will take advantage of the moment when prices fall like yesterday to buy as much as they can and can profit when the prices have started to recover as they are now.

I hope that the market will continue to show positive signs of movement and good news alongside. It is very hard to say that the market has already recovered since the bottom is still dominating or the bear is still commanding. Hope that month after month we will see more positive signs.

I think this could happen, the wall is in the range of 3K $ and I think today is time to enter the altcoin but not too long, because I still think this can go down free. But hopefully it doesn't happen.

If we can consolidate and move forward again in a day or two then it could be that it's the end but my gut feeling is that we'll be back to 3700 for btc in a few days and after that breaking that support level and moving in to the low 3000s. Hope i'm wrong.

Well, exactly the current situation, green is covering the whole market and red seems to start not appearing, and this is really a good sign of recovery but I think we should not be too happy because things are still not sure, red can still reappear. We still need to wait for more time to determine whether this is the end of the red wave or these are just fake signals, prepare for a bigger red wave, but I'm also very hopeful as you, hope this is the end of the red and open a new era of green

Indeed, crypto market seems to be able bounce a little which it gives us hope to at least get back to $6k plus. Well, about its bottom price, nobody can still determined whether it would fall again or continue to go up. Better to hodl a little especially we already see some green color.

I think that we have to view the last few days as part of the overall trend for the year. In that context we are still falling, and we see that each successive rise was smaller than the last, and each drop deeper than the last. We then see a longish support line for the last few months holding the whole market around $200b, and then the recent plunge downwards again.

Against this backdrop, today's rise looks quite inconsequential. I think we'd need a huge rise back up to the previous support point of $200b before it really has an impact on the overall pattern. If that happens then I think it might mark the start of the end of the bear - but anything less than that I don't think impacts the pattern much.

Everything can do gown within the unexpected time.

The market isn't so stable to be confident that the red wave has ended. There's too much speculations that by the end of the year, we'll see better positions and higher prices. But we need to wait for few more months before saying that the red wave ended completely.

As long as the market stays to 4k or under 6k it is still red it will only become green days when it raises to 6k dollar this year but as we see that the market is too quiet for it so we can expect that it will not happen this year.

maybe now the market is trying to recover slowly but is not stable, maybe now is the right time to end the red waves. because we know that for a year this year the crypto price has never been stable and this makes it one of the moments that makes many people feel disappointed

right now maybe a few coins are green, but do you believe tomorrow is still green?
a few days ago a situation like this had happened and the next day prices fell again, bullrun was still far from expectations

indeed after a few days ago the prices of other bitcoins and altcoins have declined again, now they have started to raise prices again even though they are not too high, but the market price in my opinion is not stable because anything can happen, the market may suddenly turn red so we must be careful, for example, we do day trading.

Maybe this is good news and eagerly awaited by investors, even though the current price actually dropped again.

It is actually difficult to predict when the market will return to its peak, because market prices cannot be stable and have no size, so we can only hope that the market will soon rise.

Seems like it but it may be false
However it is a good sign that the bearish moment paused which means bears are resting now

I can say that there will be a momentum on Jan 2019 so I think it's not over yet.
But in other side, it's become a new opportunity to join the crypto trading so it will increase the value although not significant amount.


When the market near the end of the year, it's more active and usually show their true " identity "

Look at the market now, the price of bitcoin and altcoin are starting to decline again. When looking at marketon this day is very convincing, the price increase is very drastic as bitcoin is experiencing a price increase of up to 10% and some altcoins have increased dramatically as well as Tron which has increased to 31% base on coinmarketcap. Look like, the increase and decrease this time will happen like yesterday, cryptocurrency is again volatile.

I think that there is a high probability that Bitcoin will drop to $ 3,000 by the end of this year. I hope for rapid growth