Bitcoin Bulls Near Exhaustion, Investors Should Be Wary

[shoreno]

It is a difficult thing to ask from buyers to keep buying just to go up however it is also quite possible that maybe instead sellers will start to sell less?

its possible to ask buyers to buy more especially if you know the person ( e.g if he is your friend or one of your family member ) every investors wants the better for thier investments therfor they will do anything such as buying more because this was the only way to up the price .

asking them to sell is the one that is nearly impossible to happen because majority of the investors will always prefer to hodl so that they can sell more in the future rather than selling too early and earn only small amount that they cant use immediately or worst they can loose  .

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[TheGreatPython]

Well it seems your Twitter analyst has been proven wrong, though I know that what he did was just to guess what's likely to happen and the way I see it that's not going to happen cause the price is now going back up and the way I see it, there is going to be a bull this year, though the only thing I'm concerned about is the fees for transaction, if not for that there is nothing else I would be worried about. Last time in 2017 the fees was too much and I don't know how it's going to be this time around, especially if the price happens to get pass what it was back then, that means it will be more than what it was then.

[BuxCoin]

dont believe in this indicators they according to price dont give importance to this indicators and decide that whole trend will change , even a small decrease in price rsi will fall quickly and macd will start to converge and it will diverge  

[beerlover]

I don't think they are that much exhausted but the fact that sellers are getting lesser and lesser helps it too.

Look at bitcoin price in the last 2 weeks, from the drop at 9 thousand dollars to under 8 thousand dollars it started to climb back up slow by slow and now it is over 9 thousand dollars again, it took bitcoin just a week to recover from a gigantic drop which means the bulls are still here and there is no exhaustion anywhere to be found. That is why I honestly think that even with sellers help with not selling cheaper there is still a lot of bulls and hype going around bitcoin that would make sure the price keeps going up.

Maybe some big whale will sell a lot and we can't cover it all and fall down but unless something unexpected like that happens we are going to keep going up.

[bitgolden]

Nothing is certain in the crypto market. Better yet, if we see a sudden increase or decrease in the market, we should run ahead to avoid the whale trap. I have not had any profits on BTC or ETH in the past 2 months because I feel this growth will be risky.
We should also set ourselves a margin of safety to avoid having losses of more than 50% - 60%.

I don’t understand what you mean by not having profits in that past 2 months, what happened to all the opportunities that has come and gone within that two months for you to make the profit, whale or no whale, life is full of risk and so is business too, it is now left for you to be extremely smart to manage the risk and not investing or taking risk is not management, you end up losing out completely.

Secondly, you need to watch the trend of things, and you should have known by now that the market of Bitcoin is still an healthy one and I don’t see any whale trap in there, the market is slowly growing as it ought to be growing with organic investment.

[playboy654]

dont believe in this indicators they according to price dont give importance to this indicators and decide that whole trend will change , even a small decrease in price rsi will fall quickly and macd will start to converge and it will diverge  

Indicators are just indicators so people don't have to concentrate much on them,even after many predictions says the prices won't even recover to the level of $5000 in 2019 but now see what is happening,we are at $11000 and still increasing.

[Gibreil]

I don't think they are that much exhausted but the fact that sellers are getting lesser and lesser helps it too.

Look at bitcoin price in the last 2 weeks, from the drop at 9 thousand dollars to under 8 thousand dollars it started to climb back up slow by slow and now it is over 9 thousand dollars again, it took bitcoin just a week to recover from a gigantic drop which means the bulls are still here and there is no exhaustion anywhere to be found. That is why I honestly think that even with sellers help with not selling cheaper there is still a lot of bulls and hype going around bitcoin that would make sure the price keeps going up.

Maybe some big whale will sell a lot and we can't cover it all and fall down but unless something unexpected like that happens we are going to keep going up.

It will become exhausted but not right now! There is a strong buyer or support under 10K dollars. If it goes below 10K, I think it is just a correction. But we cannot also deny that 10k usd is the psychological resistance of bitcoin also. From hitting the 11K dollars, I am anticipating what will be the next move of the whales. Do they go with the current flow and buy again thousands of bitcoin or they will sell already. Fortunately, until now there is no bad news in bitcoin.

[Pamadar]

dont believe in this indicators they according to price dont give importance to this indicators and decide that whole trend will change , even a small decrease in price rsi will fall quickly and macd will start to converge and it will diverge  

Indicators are just indicators so people don't have to concentrate much on them,even after many predictions says the prices won't even recover to the level of $5000 in 2019 but now see what is happening,we are at $11000 and still increasing.

It will serve as a good basis if you have good knowledge with reading indicators though there's no real assurance whether this indication will move according to what you expected but it's good if you can setup your strategy according to what you understand, working with the market you should bring your knowledge and be ready with any movements that will take place.

[playboy654]

dont believe in this indicators they according to price dont give importance to this indicators and decide that whole trend will change , even a small decrease in price rsi will fall quickly and macd will start to converge and it will diverge  

Indicators are just indicators so people don't have to concentrate much on them,even after many predictions says the prices won't even recover to the level of $5000 in 2019 but now see what is happening,we are at $11000 and still increasing.

It will serve as a good basis if you have good knowledge with reading indicators though there's no real assurance whether this indication will move according to what you expected but it's good if you can setup your strategy according to what you understand, working with the market you should bring your knowledge and be ready with any movements that will take place.

Sometimes it is better to go with what our mind says rather than what the indicator says,if someone sold bitcoins based on the indicator then they will lose their huge profits for now.Anyway it depends on every individual.I am much conservative and lazy to make trades too often so I chose to hold.

[nicolaz.zhu]

Hopefully this prediction is right. This is the year for Bitcoin. BTC prices have almost increased 3-fold since the beginning of the year and can surpass $ 10,000 in the coming days. It can further increase to $ 20,000 by the end of 2019, and in the next two years, BTC can be valued between $ 50,000 and $ 1,000,000.

[FanEagle]

Hopefully this prediction is right. This is the year for Bitcoin. BTC prices have almost increased 3-fold since the beginning of the year and can surpass $ 10,000 in the coming days. It can further increase to $ 20,000 by the end of 2019, and in the next two years, BTC can be valued between $ 50,000 and $ 1,000,000.

I guess this topic was created way too quickly after we reached to a level we were not even close to top, sometimes people are worried and I can understand that.

Worrying about something makes you defensive and makes you try to protect what you have and not attack on what you don't have, trying to figure out if the buyers will get tired of buying and will drop makes people either cash out or find ways to protect their profits which is still acceptable, maybe not as aggressive in profiting as the day traders or long term traders but at least not as bad as people who still keep their cash in fiat. That is why even though OP was super wrong I would still support his way of thinking just so he doesn't earn as much but he doesn't lose neither point of perspective.