When is the sign that Bitcoin is recovering and it will Bounce??

[01BTC]

Hi there , newbie question

When do you see bitcoin signs of recovering , the bottom has been reach and it will bounce up ??

Thanks

[KingScorpio]

Hi there , newbie question

When do you see bitcoin signs of recovering , the bottom has been reach and it will bounce up ??

Thanks

all those that say bitcoin is recovering basically say so because they either are making blind analysis or second they simply say that to push propagandistic information deliberatly,

[AlexaSonda]

Hi there , newbie question

When do you see bitcoin signs of recovering , the bottom has been reach and it will bounce up ??

Thanks

all those that say bitcoin is recovering basically say so because they either are making blind analysis or second they simply say that to push propagandistic information deliberatly,

so do you think the decline is not finished and bitcoin will continue to fall?
some people suggest to hold and buy back. what is your advice?

[Mihaylovic]

Maybe quantity of short positions for btcusd can give you idea that quantity of people expecting it to go down are less at the moment. It is a sign that it is recovering. But it is not enough itself of course.

[sarfwr]

When is the bottom of the fall?
There is a very simple standard of judgment, and when all the groups about cryptocurrencies start to get quiet, this is a good time to buy.

[Muhammad Muneeb]

if we see the past trend then btc will take 2 or 3 more months to bounce back. moreover crypto world is unpredictable it can bounce back any time but i have seen in some telegram groups that in the 6th month of 2018 bull run will return to the market.. 

[kapipindot]

Professional traders use technical analysis. These are based from combination of charts, indicators and candlestick patterns. Based on daily candle stick pattern and RSI, BTC is already at oversold zone when it hit 8K yesterday, with this I expect it to dip to around 7k and should have a bullish run in the next week or so.

disclaimer: I strongly deny that I am a professional trader

[cherryscarlett]

Hi there , newbie question

When do you see bitcoin signs of recovering , the bottom has been reach and it will bounce up ??

Thanks

all those that say bitcoin is recovering basically say so because they either are making blind analysis or second they simply say that to push propagandistic information deliberatly,

so do you think the decline is not finished and bitcoin will continue to fall?
some people suggest to hold and buy back. what is your advice?

I think it's still going to go down, but the best trading strategy is holding.
Because when you sell, you may not know when it's the bottom of a bitcoin, and then forget to buy it back, so you'll regret it when it goes up again.

[reypinioco]

When bitcoin's $10k resistance is broke,probably it will skyrocket once again from the dips,so lets hope bitcoin's price would not break the $8k support because if that happens bitcoin will crash down to $4k support levels which means it  is done.

[dhemasm]

Soon  , after $10k Resistance is broke bitcoin price will rise slowly and of course some altcoins will also rise. So for now just HOLD your bitcoin. Btw eth price its low too for now about $900~$950 you can buy it and make quick profit (sell on $1000). Good luck!

[Twinkledoe]

Actually, it is difficult to know the exact point of recovery. You can always predict but for traders, they really have to rely on technical analysis.

[TooDumbForBitcoin]

We already bounced from 7900 on bitfinex. The buyers are active. I think BTC already bottomed here

[01BTC]

Professional traders use technical analysis. These are based from combination of charts, indicators and candlestick patterns. Based on daily candle stick pattern and RSI, BTC is already at oversold zone when it hit 8K yesterday, with this I expect it to dip to around 7k and should have a bullish run in the next week or so.

disclaimer: I strongly deny that I am a professional trader

https://bitcointalk.org/index.php?topic=2873063.msg29503403#msg29503403

or https://www.investing.com/currencies/btc-usd-technical

Hve a look at these, regarding the technical analysis ! so most of them say that on a monthly basics .. the signal are Strong Buy

[cheezcarls]

At the end of the day, the whales are making the most out of this bloodbath party. I am expecting that the Bitcoin bloodbath will not stop until the end of the Lunar New Year. For sure, Chinese people are going to withdraw a lot of their Bitcoins and other altcoins to celebrate the Lunar New Year, so my prediction is that there will be another round of bloodbath.

However, I don't mind about it. It's just a FUD sale that's being extended nowadays.

[carter34]

Hi there , newbie question

When do you see bitcoin signs of recovering , the bottom has been reach and it will bounce up ??

Thanks

  Sometimes those bottom can be deceitful. So, you have to trade with caution. Don't misjudge the market because it has got to the base. Market can linger on the bottom for a long time and won't make a turn around immediately.

However , the market is preparing for uptrend maybe around March.

[makerst]

I think that the sign has already appeared, so it's worth to hurry to buy bitcoin at a cheap price, because the more I think this price we just can not see, probably probably the next 10 years. Although recently all these games of big people make big corrections in our favorite bitcoin

[Martinkuhn]

We wont know when BTC will bounce but I would say that when BTC reaches about 8000, it should be at about the 66.7% retracement from its metoric rise in the last few months. That could be where I would opine BTC will consolidate for a while before any move up or down.

No one knows when it will bounce up. But understanding that this period is nearing to the chinese new year celebrations, I suspect that most of the chinese traders will only take big bets after the chinese new year celebrations. So after mid feb, then we will see big moves.

In the mean time, if you are a real crypto believer, just hold on tight. If you are here to speculate for the short term, good luck and hold tighter

[Bytem3]

Hopefully, these are signs of Bitcoin bouncing:
https://coincodex.com/article/1246/cryptocurrency-markets-show-the-first-shoots-of-recovery/

The only thing people were buying on the dip were antidepressives

[Maveth13]

There's still too much fluctuations happening, the market is still very much active. If you follow a rule about bollinger band in stocks, a sign that an asset will start increasing is when the band gets thinner and thinner. Meaning the price fluctuates at a very small range of prices, we haven't reached that point yet.

[yokai21]

the current price of 1 btc is $ 8k more and is usually just because btc is really down and it rises but if 1 bitcoin falls to $ 2k dollars and this is the sign that it really falls but until it reaches that price is far below the bitcoin and can be recovered.