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Author Topic: Bitcoin is bearish trend now.  (Read 261 times)
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May 22, 2018, 09:39:17 PM
 #21

it could actually break out to bull trend after we seesaw who knows maybe finally a big news will come.
I honestly can't think of any news being able to motivate the market to move up beyond its current major resistance levels. If the market makes a big move up, it will be completely unexpected that can't be linked to anything.

Currently we're approaching the $8000 mark again, so let's see if we can bounce back up like how we did it a few days ago. I am not that deeply involved in TA, but the charts don't look good if it drops below the $7800 mark.

It's great obviously if you plan to buy the dip like me, but it's not going to help when it comes to the overall sentiment that will dip alongside the price. It may even result in a situation where sub $7000 prices will return.

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May 22, 2018, 09:46:02 PM
 #22

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.
When it reached $9,900 it was still on a bearish trend. Don't assume that once it reached $8,900 it will be on a bullish trend. It's easy to say and speculate but we don't hold the flow of the market. Just to be sure, don't expect and hope that much and if you are riding the trend just buy up to this type because it might go on a bullish anytime as we are not expecting it to come.

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May 23, 2018, 12:09:08 AM
 #23

Bitcoin dumping on down trends.

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May 23, 2018, 08:33:52 AM
 #24

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.
Even the crossing of the $8900 resistance does not make it totally bullish as that is just one step to testing a very huge resistance which is in the $9200 region and that would make us really know if we are really on the verge of trying to hit the $10k resistance and breaking it or not.

It is pretty hard to predict the market anyway but just as you have said, we are sure still in a downtrend with nothing serious to expect with the way the market is going now. No trend is permanent everywhere. Bearish moments will not last for long as new investors who are all always looking for cheaper prices to enter will make use of this "another opportunity" for sure.

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May 23, 2018, 01:09:55 PM
 #25

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.
When it reached $9,900 it was still on a bearish trend. Don't assume that once it reached $8,900 it will be on a bullish trend. It's easy to say and speculate but we don't hold the flow of the market. Just to be sure, don't expect and hope that much and if you are riding the trend just buy up to this type because it might go on a bullish anytime as we are not expecting it to come.

$9900 was not a bullish trend, I also agree with that. but it was not a bearish trend either. it was an unclear trend with a tendency to turn into a bull market but it failed. I don't call it bearish because there was a very nice upward movement shaping up after all the drops and it lasted long enough, it was not just a couple of days of rise, it was weeks. and also the general opinion was positive.
but the unexpected dumps came and ruined the trend and brought back the bear market that existed before.

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May 23, 2018, 01:40:32 PM
 #26


it seems that the price will return slightly down at the end of these weeks, the bearish trend continues to overshadow the price, the current price declined a few percent and inhabits the figure $ 7,982.
the market should continue to pump prices, so that resistance above $ 8000 can be made again and the price can move on up again as before.

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May 23, 2018, 01:44:37 PM
 #27

 Yes but i it's just a temporary bearish of the market which is maybe it's just a corrections of the price before it surge or continue to grow. Because to be honest there is no negative news as of now. Which is in my view as well its just a normal correction and surely before the end of month it will surge again.

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May 23, 2018, 02:23:20 PM
 #28

Yes but i it's just a temporary bearish of the market which is maybe it's just a corrections of the price before it surge or continue to grow. Because to be honest there is no negative news as of now. Which is in my view as well its just a normal correction and surely before the end of month it will surge again.
When we think of it it still seems to be similar on what btc did before, we can get these opportunity to still buy some till it arise again from these fall, its getting harder to btc to climb this past months ,it needs some good news for it to overtake again.

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May 23, 2018, 02:29:31 PM
 #29

People who bought btc at under 7000 for sure they will sell now Maybe they are controlling prices
They can drop prices below 4000
The loser is the one who hold
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May 23, 2018, 02:44:27 PM
 #30

it could actually break out to bull trend after we seesaw who knows maybe finally a big news will come. there is just so much going these days its confusing for investors who are just relying on fundamental strategies by following crypto news. the tweets of the team who develops my fav coins are something that would help me decide whether to sell or not.
I don't think we can rely on the news nowadays since, as far as I know, there isn't anything exciting coming up that can make the price shoot up. And I think we're gonna need a little bit more than just news to get rid of the bearish sentiment and begin an uptrend that can last long enough to trigger a new Bitcoin rally (or a bull run like you said).

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May 23, 2018, 02:52:54 PM
 #31

I'm just waiting for a weekly higher low: https://gyazo.com/721952145419b360927ae46bdfdad7e9

We are in a tightening pattern weekly and it could break in a few weeks and I think it's going to determine whether we enter a bull trend the rest of the year or a bear one. This combined with the upcoming regulations in late June or July from the g20 meeting will pretty much seal the fate of bitcoin for 2018.



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richardsNY
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May 23, 2018, 04:22:27 PM
 #32

I am not that deeply involved in TA, but the charts don't look good if it drops below the $7800 mark.

It's great obviously if you plan to buy the dip like me, but it's not going to help when it comes to the overall sentiment that will dip alongside the price. It may even result in a situation where sub $7000 prices will return.

It indeed went down (still going down as we speak) a notch after dipping under $7800 and the end isn't in sight yet. It's starting to get somewhat tempting to prepare some buys, but I will stick to my initial plan and wait for very low $7000's and below. I think the chances are on the higher side that we'll reach there in the coming days. As always, when the market thinks we'll be going up due to institutions entering and whatnot, and nothing is happening, then an opposite move of the market is likely, and it happened. I'm not going to guess where I think the price will bottom at (because it's pointless anyway) but I will appreciate anything under the $7000 level.
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May 23, 2018, 04:34:49 PM
 #33

I suspect that there is a floor around the current average
cost of mining a single Bitcoin. Sure, the price might drop below
the average cost of mining a BTC for a while and some miners
may have to close their operations, but long-term the miners
(and other parties) are heavily incentivized to keep the price
above these levels.

The actual amount of BTC that is traded on the exchanges is still negligible and
not much capital inflows are needed to prop up the price.

We won´t see levels below 6k or even below 7k per BTC for a prolonged period
of time.
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May 24, 2018, 09:59:38 AM
 #34

I disagree. you can't call this any trend because it is not moving at all. what happened was that price fell below $9k in one big move and then nothing happened ever since that  day.
a bearish trend is when price is going down without much of a stop and it won't just happen in one or two days. in other words if price fell below $9k then went lower to reach $8k and then continue to drop below $8k and slowly decrease that would have been a bearish trend. do you see that happening? obviously not.

I've just looked at the price drop from over $8k last week to currently sitting at $7,385.00 (from Coinmarketcap on 05-24-2018 6.00 AM). Does that mean it's a bearish trend?
blockman
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May 24, 2018, 10:45:08 AM
 #35

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.
When it reached $9,900 it was still on a bearish trend. Don't assume that once it reached $8,900 it will be on a bullish trend. It's easy to say and speculate but we don't hold the flow of the market. Just to be sure, don't expect and hope that much and if you are riding the trend just buy up to this type because it might go on a bullish anytime as we are not expecting it to come.

$9900 was not a bullish trend, I also agree with that. but it was not a bearish trend either. it was an unclear trend with a tendency to turn into a bull market but it failed. I don't call it bearish because there was a very nice upward movement shaping up after all the drops and it lasted long enough, it was not just a couple of days of rise, it was weeks. and also the general opinion was positive.
but the unexpected dumps came and ruined the trend and brought back the bear market that existed before.

I guess we're totally back to bearish, we've seen again the $7,300 border.

These unexpected dumps by the whales are irritating mostly the small type holders, the market hasn't fully back as we are expecting. I'm not disappointed but this makes me feel bad for this day.  Undecided

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May 24, 2018, 11:06:44 AM
 #36

If this bearish trend continues until next week we might see bitcoin @4000$ again.  Its so alarming  why bitcoin is decreasing so fast, is this the end of crypto?

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May 24, 2018, 01:40:43 PM
 #37

If this bearish trend continues until next week we might see bitcoin @4000$ again.  Its so alarming  why bitcoin is decreasing so fast, is this the end of crypto?
That's not how it works, I wouldn't be worried of that low of a price there is a lot of buy support and a wedge built.














 

 

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Kylapoiss
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May 24, 2018, 02:14:17 PM
 #38

If this bearish trend continues until next week we might see bitcoin @4000$ again.  Its so alarming  why bitcoin is decreasing so fast, is this the end of crypto?



Yes, sell all your coins, it is over.
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May 24, 2018, 03:05:20 PM
 #39

In my view this is not a bearish trend 'cause for me the reason why the value of bitcoin is decreasing gradually until now it is because of the panick selling. which is because of negative doubts after the manipulation, some holders dump as well to protect their money (which is weak hands). That's why more holders nowadays become crazy on this circumstances and always saying bearish bearish we are on bearish trend sell!!  sell!!  LoL without strong evidence,  just a doubts! and predictions from those people who are claiming their selves as an expert.  .wow
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May 24, 2018, 04:02:13 PM
 #40

If this bearish trend continues until next week we might see bitcoin @4000$ again.  Its so alarming  why bitcoin is decreasing so fast, is this the end of crypto?



Yes, sell all your coins, it is over.

Lol. Yeah sell everything and there are a lot of us who'd wholeheartedly pick up the scraps from your bargain selling lol. Can't handle the pressure can we? :p

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