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Author Topic: Is bitcoin still in a strong downtrend ?  (Read 224 times)
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February 28, 2018, 07:53:41 AM
 #21

bitcoin has not been on a downtrend ever since 6th of February which is 22 days ago let alone be on a strong downtrend!!! we had the downtrend in the beginning of this year and it lasted a little longer than a week before it came to an end.
now with every passing day that price stays between $9k and $11k it means downtrend is over and we are getting ready for the next phase.

there is a possibility for some sudden drops if some market makers go nuts and wanted to test the waters but other than that there won't be any major drops that OP is looking for.

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February 28, 2018, 07:56:10 AM
 #22

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.
The downtrend is over and we should expect another serious pumping from now to the middle of this year. Buying now should be the best thing to do as you will make good profits if you do so. As you know trading involved many risk and it is still possible for bitcoin to stills fall to $4,000 but many experts are saying that the downtrend is over.

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February 28, 2018, 08:18:52 AM
 #23

This is what people often do, when selling bitcoin for profit or buying bitcoin when the price goes down. When it comes to selling, the most common mistake is to expect bitcoin to rise more than this, but what happens bitcoin decreases and he assumes that the price will rise again, eventually it happens to lose. And vice versa, when bitcoin price decreases we will buy bitcoin but we keep waiting and hope bitcoin will go down, but what happened bitcoin price rise finally we do not so buy bitcoin. But now you expect bitcoin prices to drop to 4k price, I guess that will not happen. Because if you look at bitcoin price every year, in March bitcoin prices will rise high.

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February 28, 2018, 08:46:14 AM
 #24

Not anymore, bitcoin's price has stabilized in the past few weeks so i don't think a correction might happen soon although we don't know if btc's market will soon become bearish or bullish, all we know right now is that short term trading is the best course of action in order to get profits from trading btc.

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February 28, 2018, 09:20:14 AM
 #25

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.
 As we noticed the bitcoin performance last week after the fluctuation the price reached the 11k value  and after it fall back to 9k and climb again to 10k on this moment  so perhaps the downtrend of bitcoin is over therefore you missed the train again. Ahaha. And base also on my prediction the price now will exceed maybe 12k is possible.  

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February 28, 2018, 09:35:54 AM
 #26

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.

I bold those words that is the common mistakes of most new investors, if you wanted to buy don’t wait too much especially if you’re not monitoring it in a close time, you have the chance at low price but because of doubts now it’s gone. There is no such good skill in predicting the price of bitcoin as only great timing is the game. I don’t say that it won’t happen again but it might not at this time or within this year.

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February 28, 2018, 09:41:51 AM
 #27

I cannot say it is a strong down trend as obviously it is trying to re-test the 12,000$ level but with the prices going down I can say that the whales are not letting the prices to go up just yet as I don't think that their accumulation is still finish. Also looking at how people wanted to see Bitcoin below 9,000$ again which didn't happen made me think that we will be going on a up trend very soon. We still need to observe the prices as a lot of movements can still happen.

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February 28, 2018, 02:07:08 PM
 #28

The price of $ 4,000 for bitcoin will never be more. I don't see any downward trend. On the contrary, it seems to me that the price of bitcoin tends up. Whales are making great efforts to keep this growth. But I'm sure they can't hold their growth for long. It will be very expensive for them.

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February 28, 2018, 02:25:19 PM
 #29

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.
nope with the movement of bitcoin now?strongly holding the $10,000 position well $4,000 is impossible to drop..as for your goodness buy now as long as its $10,000 coz you might know bitcoin will pump one of th days and you will late for the train ride.unless its ok for you to wait for another year of dip

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March 13, 2018, 07:33:49 PM
 #30

Look like a big correction coming ...
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March 13, 2018, 08:55:09 PM
 #31

Look like a big correction coming ...

Correction is expected in this markets but pullbacks are going to  give hopes about future prices. Bear market is going to destroy the reputation of cryptocurrencies for those who came for  quick buck in cryptos. Next possible event is accumulation and pullbacks which will hapen in next months likely.

 

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March 13, 2018, 09:06:24 PM
 #32

Its hard to define a bear market when bitcoin and crypto in general is so volatile already.   Normally a 20% drop from peak would qualify that but I dont believe that is the case currently.

The view I received was the drop in price is roughly following a 50 day moving average, this is in decline and represents the overall current trend downwards.   However at the same time we have the 200 day average which shows Bitcoin price for the longer term and including alot of 2017 which as we know was very much an increase overall.

The conclusion between these two effects is indecision not bearish so much but a meeting of two waves like you might observe naturally.    Neither is certain to beat the other, the stregnth of both trends are in market and meet until the momentum is disappated.
 
So to be bearish now requires alot of the gains and momentum accumulated in 2017 to be defeated by the power of prices declining in the last 50 days.    The 200 day MA is still rising and overall I do not think we turn down until the direction of this becomes flat to negative.

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March 17, 2018, 09:09:10 PM
 #33

I think this time I can pick 4k
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March 17, 2018, 10:35:30 PM
 #34

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.
Yeah, still in the period of recovery but it is not possible of reaching such dip($4k). We got stabilize now in price ranging from $7K-$10K, hope a bullish day will coming so we have a chances to move and reaching $20k again.
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March 17, 2018, 10:47:47 PM
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Where is it going to stop? Or are we going to the bottom?!  Huh Huh
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March 31, 2018, 07:09:39 PM
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We are going to 4k
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April 01, 2018, 06:21:16 AM
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from the first you make this thread up to now, bitcoin prices continue to decline. if according to my monitoring, now is the right time to buy. it's hard for her taste to wait for the price to touch $ 4,000, which I know, we will soon reflect the price from now on. the bullish market keeps pumping up prices so we can get out of that horrible zone now. the bear market is coming to an end.
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April 01, 2018, 09:05:15 AM
 #38

I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.


yes, bitcoin still declines for this april. maybe the price will continue to decline every day. I think we should be prepared for what will happen in the next few weeks.
I still do not understand why this happened, but one thing I'm waiting for. if this keeps happening, chances are I'll wait till it drops low and buy bitcoin in bulk

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April 01, 2018, 09:11:21 AM
 #39

Seems weird for the big players to drop it too low, distribution will then happen at low prices as buyers start to come in again. Accumulation is happening right now, and if it falls too low distribution will start.  I dont see how too low price is going to help big players, as bitcoins are going to be more distributed. Another thing is mining cost, but it is not so important. Miners will go bankrupt, the difficulty will come down to match the price. Its just distribution at low prices i dont get.

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April 01, 2018, 12:01:24 PM
 #40

Yes bitcoin still trend for investors, but now bitcoin drop down much. I hope in the future bitcoin will rise fast.
Bitcoin if I see last year recovery is very fast but I don't know why this year is a little bit slow down.
Maybe about the market situation, many investors panic and sell their bitcoin.


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