Bitcoin Forum

Today, we are witnessing a long downtrend in the crypto market. BTC price approached the key trend level. Indicators will show us that the market is overbought, and I think that a market reversal is fully possible. At the same time, the BTC dominance on the bottom. And the alt indicator of the season will show its greater probability. What do you think about this, is it possible to start the alt season and what altcoins can surprise us? Personally, I think that these will be altcoins that showed growth during the downtrend: NEAR ATOM FTM LINK

Do not be decieve, the honey mood is over, what you should be wishing for now is for your favorite altcoins not to surfer the most loss when the correction starts becoming worst or if it does fall, it should be able to recover. We are not seeing any altcoins season anytime soon. Slowly the market will keep declining until it becomes clear we are in a bearish market.

Best decision to take in cases like this, is to hold project that have strong community backing, real world utility and history to back it. Bitcoin has to be the best choice here then ethereum can be another bet. Another alternative is to secure your funds in stablecoin if you can not hold through the volatility that the market is to experience soon..

Of course it can. Any predicted technical analysis is already broken and it's safe to say that 4 year cycles might be not so effective anymore. In fact i hope ETH2.0 or something flips bitcoin and we can move on from under the BTC pov domination to POS and other solutions. Dusk Network will most likely surprise everyone. No one seems to see it coming.

The downtrends continue in the market for the longer period.In the trading of altcoin for the future,it will be the perfect time.The market triggers the price of almost all the coin.So,no doubt the coin which had a high potential will back to it's old value for the sure.After buying,you need to hold for the longer to get profit.

We've experienced worse, and it's only just a few months since the market showed its bear fangs. Up to now we don't even know whether the market will take a beating or not, as key support levels are still not breached and the market appears to be on a sideways move since the last week of December. Altcoin season is still very possible, although which coins would generate the most hype, that I do not have the slightest hint on. Perhaps it could be from the NFT side of things, but I doubt it since people are already realizing that NFTs aren't that much of a value holder even short term.

It will happen in time, for now better to accumulate more good altcoins since i believe that after this downtrend, good altcoins will rise again and try to enter into that Altcoins season after failing for many times. Its actually too risky to invest on good project while the market is down, so better go for the best option for now but if you really want to take the risk, I also see Metaverse tokens to become a major player for this year trend.

NEAR Protocol is y biggest bet for 2022. Even at $10B marketcap, it's still very much undervalued considering it has everything you'd expect in an L1 and a lot more - thanks to Aurora which is NEAR's L2 network and solution to Ethereum's long plagued transaction fees (insanely high) and plenty of bottlenecks.

The combination of NEAR (L1) and it's L2 network, there should be no bound since this is primarily what we need to get mass adoption. The only problem is the market would appreciate until they see NEAR at $100B marketcap and start to fomo.

That's your assumption, and OP assumption is a bit different. We cannot blame OP if he still believes about the altcoins season this year. As long as he has a reason, there is nothing wrong with a good prediction about altcoins season. We don't know which one is true, crypto market can surprise us at any time. But don't follow him if you think it is not logical. You can trust your own analysis, don't easily follow others' predictions. We don't know if the market to continue declining or will recover in a short time, just prepare everything with our own belief.

BTC still at $40K+ and you'll most likely see some bounces but the market seems exhausted now. It's probably the same for most altcoins. DeFi hype is pretty much over but there are still some that's pumping like NFT P2E games. I think we are near the consolidation period so goodluck to your portfolio hehe.

It's almost oversold right now and when you're seeing altcoins and so many tokens and coins getting oversold. Im expecting the price of bitcoin will be going around 39k and this will be creating another dump for bitcoin. The reversal will always possible as long as bitcoin will not get another fake pump like last night and so many people are feeling worried if they are getting trapped by bulltrap.

It's not possible as long as bitcoin was still in the bearish mode. All of coins can surprise you when bitcoin goes to the bullish trend. Whole of cryptos in markets are in red and how is it possible for you to expect something big from there? Bitcoin is key of market right now.
Good choices and i see how they can decouple from bitcoin. that proves that they have strong fundamental as well.

Metaverse tokens can show a very good growth in 2022. Its a huge hype that just begins its journey to the top and many strong projects are being developed now.

not possible because bitcoin is in a bad state. The altseason can start if bitcoin is rallying, without it there would be no bulls in the market. so forget about bulls for now. better start thinking how long this kind of situation will last. or it will get even worse as bitcoin gets worse.

Very true, the market can be very unpredictable, I would not be surprised as well if for some reason the market turns and give us some taste of the bullish seasons but altcoins that would profit from this mostly are the high market capitalization coins because they are having the most focus at the moment. The mid cap coin would surfer losses just as we are recording with every Bitcoin price decline, they lose value more.

The chances between we experiencing a bullish altcoin season then a bearish one is low. All indication are pointing towards a huge corrections in the market but we are all free to think what best works for us but do not be blinded by our choices.

It is possible in anytime it might happen, but I am seeing a downtrend on most crypto projects. I am interested somehow on NFT arts, they are on hype now, more and more artist are popping up showing their works and thinking something unique to promote their arts. I just recently saw an artist that offers  her paintings to convert to NFT and burn the original ones, magnificent isn't it? More and more ideas are coming through altcoins and I am font of seeing them, positively. I have seen investors made money out of NFT so maybe it is worth a try.

Where do you take such indicator that said market was over bought? So do you expect the price of bitcoin will be plunged so hard after this big dump? that's a non sense prediction. this will be a very interesting thing if you can watch 1 week candle of bitcoin. It shows that this already oversold and it can also bounce anytime. Any altcoins can't resista from the bitcoin dump even if they are good coins like NEAR ATOM FTM and look at the reality in the market right now. Those coins are also dumping so hard. Even if you are buying shit token during the pump and you  may still get some profits from there. You must always know this rule in crypto.
No bitcoin bull = no altcoin. Bitcoin bull = altcoin bull.

Bitcoin reached the lower price at $39,000 while the altcoin followed to go down but some altcoin can still increase or be stable at a price.
It is interesting to see from the top 200 coin list only ATOM, LEO, JUNO, PERP, and CRTS can still have a green candle at this time.
The other coin was down and many of them dropped too deep as they could not survive in this bloody market.
Hopefully, it will just be a big correction on the market so in the next weeks, we will see another change from the market.

Indicator become bullshit way for trading when whale entry and bad news or FUD made by Russia with bitcoin and altcoin issues make price dump extremely today. Last night I have sleep and see bitcoin reach $43,00 but the early morning when wake up I was shock check bitcoin dump drastically almost $38,000. Billion USD will liquidation today and better keep away from opening exchange market for awhile and waiting next week for bitcoin and altcoin can reach to higher price.

It's over guys go home, alt season isn't coming as bears are slowly getting stronger already, the best time to sell your coins is 4th quarter of 2021 but many failed to believe, many are waiting for 100k per BTC some said we are still in bull market but honestly bear is really upon us.

I think I am going to agree with this. They always say that whatever bitcoin does, other coins will follow and here we are a bloody market. It may be hard to know if btc will continue to go down but it surely recover soon. Let's make it a habit of buying altcoins as well if we are buying btc at the dip so that we can double our gains.

If you wait for sometime, I am afraid that you can only earn less but it still up to you, that is your money. When it comes to studying the market I do not only study when there is a dip but I study whenever I can. Crypto market knowledge is very important so that we can take advantage of any situation.

Maybe this post is better moved to speculation as we all can see in this disscussion we are talking about future prices.



I think alt season was over a few month ago. Before there is further confirmation about the price movement, we can't confirm it yet.
But if you see the price movement is different from other people and you believe that alt season will be start soon.
Then you have to do what you believe in

actually i don't understand what are you talking about. there is no corelation between "downtrend" and "overbought" condition"
What I know is that if the market is in a downtrend, there will be an indication that the market is oversold not overbought

It is possible for the altcoin seasons. But, we don't know when this altcoin season will actually happen or be ongoing. So far, we are only predicting and predicting, but one of them is realized. And the market is still in the bearish season.

Can you tell us why should be these coins?
LINK is one of my portfolio assets. But for other coins, I still have no idea about whether this will be promising or not. But, as long as they have a strong team to make their projects really accepted and developed, everything can happen.

Price is 39k USD for now, if this continues we might see whether the 30k support levels are well though of.

It does not indicate anything other than what you read. BTC "dominance" is a wrong term to use anyway even though some aggregators keep on using it.

Like some foretold prophecy? Sadly, I have heard the same rhetoric before and it does not end well. Because bitcoin price is lower than the month's average it does not indicate that altcoins are going to be good for the rest of this month. They will bleed out and then wait till bitcoin rises again.

That surprise you are waiting for, people have been waiting for the same since several years now. The term alt-season itself is of wrong use, a neologism that carries no value. If you want to buy altcoins, buy it. But whether you will see them grow huge in price, the answer is usually a very guarded one.

In the first place, we are already in the altcoins season now where the majority of the coins in the market are downtrend so far, in which I think it is a good thing to buy a huge amount of coins, but make sure the coins your going to buy is one of the potentials or top in the market. And this is will depend on you in which coin you like dude. Also I think those altcoins that will surprise us such as follows, Shiba Inu, Polygon, sokuswap, Shibacash, Espers, Bnx, Gold and Slp.

Your indicator may be wrong with this thing. If you meant your indicator will be telling you if the market was overbought when the price of bitcoin was around 60k - 70k and I would believe with it but this time is a bit different. Bitcoin has been dumped almost 45% from its ATH. that means calling the current market is still overbought is strange thing. It's not possible to start the altcoin season again right now at least not until this quarter will be end. Bitcoin will be sideway after it has reached the bottom. The same candle with what happened during 2020. You can try to compare both the chart of 2020 with the current candle and I suggest you to use bitcoin all time chart. Investing in the legit coins will not help you a lot. people will liquidate their assets for bitcoin and stable coin.

I don’t think that we will see the growth of the cryptocurrency market in the near future and most likely a bearish trend has begun that can last for several years and we need to urgently prepare for this who did not have time to do it before, and of course for someone the bearish trend is a great option to start investing in various cryptocurrencies and from the top cryptocurrencies I have already invested in ethereum, bnb, solana, polkadot, cardano and in many other top cryptocurrencies that, by my personal opinion, will be able to bring me a great profit when the next growth of the cryptocurrency market will begin.

Its hard to speculate on low cap tokens or coins since we don't know if there are people who will support them over the years and its a huge gamble to select them so I guess its better to stick on top coins since this could do better than any other coins which is not placed at the top. This is my personal opinion only and I might be wrong for that but the chances are much bigger to top big coins than unknown one.

No need to go home too mate, and no need to feel guilty for an optimistic decision. If you can still survive and find every good job I don't think it's a problem even though there are some people who sell late and still hold their assets very well

Altcoins season are definitely possible seeing that the past cycle always show downtrend first before massive rally again.
Although I think that if there is any altcoins that could bring back the altcoin seasons again it's definitely the metaverse that are currently being largely invested by the large corporations
btc was reaching this high mainly because the large coprorations that are invested in btc meanwhile now metaverse has stolen their attention and now metaverse could become really huge that their market valuation could easily surpass the current higher ranked altcoins.
these metaverse projects are currently waiting for the right moment . I can't deny the fact that everything totally oversold right now

Bitcoin is down deeper now and reached $36,3xx which many people are not expecting to see that price.
I am sure bitcoin and altcoin will start to recover after this dump so we need to be patient for a while and I think we can leave the market this time and set the alarm to know when we can come back to the market.
Buying at a dip is always recommended, but we do not know how low the price will go and only predict it.
Maybe I will not watch the market closely and will come back to the market on Monday and hopefully, in the next weeks, we will have a change in the market.

I am very skeptical of the idea that an altseason is on the horizon with looming interest rate increases and investors avoiding risky assets. While I could be wrong, this looks like the start of a crypto winter - the cycles are similar, just more contracted given the growth of the industry and the law of diminishing returns.

However, if it's a bear market, there will be great buying opportunities among the stronger alts!

The decision is in each other's hands now and everyone can make more brilliant steps at this time to find good opportunities in the months to come because most of those who wait have also regretted not getting good coins at cheap prices.

I think that altseason is very much possible with the way Bitcoin has continued to sink down the chart and also looking at the speculations of people that halving will affect bitcoin massively, I would want to think that this is possible. Looking at last year, I think these three coins can actually pull a surprise; FTM, SOLANA and LINK.

Honestly, anyone who still look into investing in altcoins, must need to look into the currently available bitcoin dips as bitcoin is highly expected to bounce back from the current dips; hence buying bitcoin right now may help you to gather quick profits along with altcoin when its season arrives.

It's very possible. The reversal is fully possible. As far as i know that when bitcoin was so bearish and market indicator was showing extreme fear and that's a disaster for anyone in crypto.

Im feeling skeptical about the trend that is still happening in the market right now. As you can see that bitcoin faces another dip again. It seems like the next round for the bearish trend will happen very soon. Im thinking if this will be shaking the whole of newbies in the crypto.

If these altcoins are strong enough and then this may decouple bitcoin but the fact that if these coins are also getting dumped so hard. These altcoins didn't even show the growth during the dump that happened with bitcoin and whole of market.

Frankly, I think that the defi projects will rise well. Of course, the key point here is bitcoin movements. If it continues like this, no altcoins will move a leaf because bitcoin is not even allowed to breathe. However, if bitcoin starts to break upwards for a short time, I think we may come across very good buying opportunities and tokens that will leave very good profits.

But all points to bitcoin being bearish not just for this month, but for the year 2022. So it's going to be a difficult year for the altcoin market as well and it's hard for the majority of them to really go up high this year.

Unless they are going to break the correlation from bitcoin, which I doubt will happen. Maybe some of them with good use case can stay in the market and will maintain their price. But I have a feeling that even Defi, or NFT are going to suffer in this bear market.