Are we expecting a bullish trend?

[AliMan]

I don't really think so, because the market was so unpredictable for now and there could be a possible bearish that might be happening. Lets always monitor the progress of the price right now, maybe there's a quick crash that we can't notice and our decision possibly gone wrong unexpectedly.

[Ridwan Fauzi]

Bitcoin price is failed to pass $60.000 and now in the daily time frame that will be indicated to lead the bearish market come. More than that, in the daily time frame as well we have seen the candlestick patter has been showed a triple top pattern which is indicated as well to the bearish market.

This is why in a few weeks ago I'm not entry to the market. I'm waiting for the price passed at least $60.000 first on the daily time frame and then I will choose long entry for the target $100.000. But, seem like the price movement will meet a correction first before to take some long entry at the lower price.  

[Questat]

Nothing is sure but seeing how the market shows such an impressive demand for several months and keep on the $50k line, it neither we don't see a huge pump again, that I was already contented enough. Those corrections had shown are just a normal market change, it comes back and forth, dump, and pumps again.

But Thinking for another bullish pump, that was not impossible, that really it comes if it is given a chance. That simply we really don't know and not sure about it, everything is in a big surprise just like how it did this time.

[arufox]

Actually, we are already in Bullish tren, if compare with 4-5 months ago, so if you join at that time, you already can sell it and earn big profits, so bullish already happens,  the difference and the main question "your target". For me, my target still not reached so I will keep holding it and be patience

[Hippocrypto]

~snip~

BTCUSD chat on a 4H time frame, are expecting a bullish trend or would this market still sell. Am at a junction where my MA is far from the market although its pointing towards the bearish market. I'm seriously contemplating weather to go long or short the market.

Going one time frame higher using the D1 time frame on my mt4 app the market is indicating a strong reversal going towards the bearish market although it's still testing my MA line but once it breaks out i should be expecting a bearish trend. Do u think this market will buy. Let's analyze this please

~snip~

Bearish market might be happening all throughout this month if btc price would gradually decrease from it's current value. I would advise that we need to prepare our additional funds to buy during the dip, because when bullish trend will be reversed towards bear market it's a big opportunity. Most traders who is eager to catch that big drop is currently waiting for that and FUD is now starting to come out and I think they're depending with it.

[STT]

At this time wait for it to reset back to the 50 day average before considering a wider bullish move.   Its far below weekly and 2 day averages for the moment, Dollar index has a slight descent on that so its quite possible it turns around in this area and worth consideration but that effect might lag and so we fall first.

[molsewid]

Nothing is sure but seeing how the market shows such an impressive demand for several months and keep on the $50k line, it neither we don't see a huge pump again, that I was already contented enough. Those corrections had shown are just a normal market change, it comes back and forth, dump, and pumps again.

But Thinking for another bullish pump, that was not impossible, that really it comes if it is given a chance. That simply we really don't know and not sure about it, everything is in a big surprise just like how it did this time.

Exactly, i mean as long as we saw the bitcoin market price lies between the numbers of $50,000 and up but sad to say this time it is hard to reach $60,000 still a good thing to consider because $50k was still considered a good market value. So the market of cryptocurrency really do unpredictable but in my opinion the market value of bitcoin was still in bullish trend  but hopefully itcould attain new ath this month.

[perfect999]

BTCUSD chat on a 4H time frame, are expecting a bullish trend or would this market still sell. Am at a junction where my MA is far from the market although its pointing towards the bearish market. I'm seriously contemplating weather to go long or short the market.

Going one time frame higher using the D1 time frame on my mt4 app the market is indicating a strong reversal going towards the bearish market although it's still testing my MA line but once it breaks out i should be expecting a bearish trend. Do u think this market will buy. Let's analyze this please

Technicals are good but only up to some level; you cannot 100% depending on it for opening your new trades. Because, market sentiment is something independent from technical analysis like when more number of investors are joining into buying side, then any technical analysis will become invalid. Basically we are into bull run and it would be much safer if you keep buying at dips and planning for long-term holding rather than trying catching short-term trends.

I'm not much familiar with any of technical analysis but I'm able to make good profits out of long-term holding and making use of my excess money for buying at dips. Basically I am always belonging to bull side of bitcoin and will go to sleep mode if bearish trend is witnessed.

[Zilon]

Bitcoin is buying again

In the article referenced by cointelegraph, they say that in a possible bullish scenario, bitcoin can reach a price of up to $ 79,566K, and if it is very low what it can reach at the moment in a possible resistance at $43k.

if the price rebounds off the 50-day SMA, the bulls will make one more attempt to push the pair to a new all-time high. If they succeed, the pair could start its journey to the next target objective at $69,540 and then $79,566.

Source: https://cointelegraph.com/news/price-analysis-4-7-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-theta

Of course, this can be invalidated if institutional investment comes in that can cause a big bull run, it could even reach more than $ 79k.

Market has reversed expecting a major breakout before the end of the day. What a smile on the faces of Bitcoin traders.

[LogitechMouse]

Going one time frame higher using the D1 time frame on my mt4 app the market is indicating a strong reversal going towards the bearish market although it's still testing my MA line but once it breaks out i should be expecting a bearish trend. Do u think this market will buy. Let's analyze this please

In this picture, it looks like that the line is being respected as of now and it is becoming a short term support.
I don't know the Moving Average that you are using in your chart though.

I did a quick plot on the BTC chart on a daily basis and it looks like it went down to the 20 MA for a day but immediately recovered the next day but the MACD is going down showing signs of weakness. Are we expecting a bullish trend now? Since we are in a bull run for months already, I expect that it will test again its previous ATH at near $60,000.

[Pokapoka124]

Knowing how to spot and draw good support and resistance levels is important if you want to be a trader. Relying solely on fundamentals wouldn't do you much good. From the chart, you can see the different price levels bitcoin has hit. Bitcoin has risen significantly although the market is unpredictable, I dare say the bull run is not yet over.

[SquallLeonhart]

Knowing how to spot and draw good support and resistance levels is important if you want to be a trader. Relying solely on fundamentals wouldn't do you much good. From the chart, you can see the different price levels bitcoin has hit. Bitcoin has risen significantly although the market is unpredictable, I dare say the bull run is not yet over.

If you go for different technical analysis then each tool/strategy will give slightly different support and resistance levels. This is the simple reason why at each and every price levels some people are buying and some others are selling with their respective expectations. Knowing fundamentals alone will help you if you are an investor; you must need to be an expert in technical analysis if you want to be a profitable trader.

Yeah, bull run is not yet concluded but I wonder how people are trying to predict the sentiment of whales/institutions. Because, there are confirmed sources which explained how we reached in the zones of $60k which may not get disturbed in near future as the trend will persist when other institutions decide to copy.

[BuNga_cute]

Knowing how to spot and draw good support and resistance levels is important if you want to be a trader. Relying solely on fundamentals wouldn't do you much good. From the chart, you can see the different price levels bitcoin has hit. Bitcoin has risen significantly although the market is unpredictable, I dare say the bull run is not yet over.

If you go for different technical analysis then each tool/strategy will give slightly different support and resistance levels. This is the simple reason why at each and every price levels some people are buying and some others are selling with their respective expectations. Knowing fundamentals alone will help you if you are an investor; you must need to be an expert in technical analysis if you want to be a profitable trader.

Yeah, bull run is not yet concluded but I wonder how people are trying to predict the sentiment of whales/institutions. Because, there are confirmed sources which explained how we reached in the zones of $60k which may not get disturbed in near future as the trend will persist when other institutions decide to copy.

There is no doubt that we must expert technical analysis in order to become successful traders. Fortunately now it's not too difficult to learn
to analyze the market, because there are so many platforms that provide learning about how to analyze the market properly. So if someone
has not mastered technical analysis, it is possible that the person is lazy to learn. If we look at the price of Bitcoin, which has continued to rise
in recent days, it is like the bullish trend has continued. This is likely triggered by the many institutions buying Bitcoin.

[Maslate]

Bullish trend? I don't think if it really needs to have another ATH.
Maybe we could able to see this once again if we all not selling this time. Holding is a big help to keep the momentum still the same( at high) or it grows more. But as usual, panic sellers and weak hands investors will surely take this chance to sell their cryptos. So, we can't be expecting that the price will keep on the top, price corrections may usually happen as well.

[trigger1975]

Knowing how to spot and draw good support and resistance levels is important if you want to be a trader.

There is no science behind drawing support & resistance levels.  Each supply and demand trader draws them differently.  Some use the wicks, some only bodys.  Some require major moves and take slighter moves into consideration as well.  Some require min. 2 touches some say if the move was major enough, one touch is sufficient.

As every market participant has different motivations or conclusions from what he sees or expects: that's why markets move.

[Oceat]

Bullish trend? I don't think if it really needs to have another ATH.
Maybe we could able to see this once again if we all not selling this time. Holding is a big help to keep the momentum still the same( at high) or it grows more. But as usual, panic sellers and weak hands investors will surely take this chance to sell their cryptos. So, we can't be expecting that the price will keep on the top, price corrections may usually happen as well.

It's just normal to earn some profit during this bullish trend and I don't think weak hands people are enough to make the market drop for a while. It's currently testing new price since it broke $64k resistance level and I don't think it will go straight to bearish just for that slight pump for a while.

Price would get in once the market starts to keep rising for a week but the market is yet in almost a stable state since last week. There's a possibility that Bitcoin would break another ATH soon but for now this price is just a testing so I expect a bullish trend soon.

[darewaller]

Price would get in once the market starts to keep rising for a week but the market is yet in almost a stable state since last week. There's a possibility that Bitcoin would break another ATH soon but for now this price is just a testing so I expect a bullish trend soon.

Yeah bitcoin market was stable last week but we are into definite bull trend right now. Usually before every bull market, bitcoin markets do stay stable for some time which could be assumed like it is getting power to leap or technically sustaining phase. Practically when bitcoin market is staying stable, investors will get more confident to buy more and currently we are seeing institutional funds are heavily contributing on this bull run and definitely they might have bought some big amount of bitcoins right now so we are seeing new ATH.

Big investors are known for nullifying the technical analysis and this is what exactly happening right now with the bitcoin markets; as per OP bitcoin was about to enter into bearish mode but we are seeing strong bull run again.

[Marvelman]

Knowing how to spot and draw good support and resistance levels is important if you want to be a trader. Relying solely on fundamentals wouldn't do you much good. From the chart, you can see the different price levels bitcoin has hit. Bitcoin has risen significantly although the market is unpredictable, I dare say the bull run is not yet over.

Any pullback to a support level is an opportunity to buy the precious coin at a discount. When the price falls below these levels, it becomes an attractive buy opportunity. And that is exactly what is happening with bitcoin right now.