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puremage111
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August 29, 2018, 12:25:30 PM |
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Well, the bearish market has paused awhile as everyone can see
And the candlestick is moving the opposite way
I would not confirm the trend to be up but just a minor retracement for now, might need to look for further confirmation to make sure the trend is going up
However, a paused of a bearish trend signaling weak bear strength
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Abeleez
Newbie
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Activity: 252
Merit: 0
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August 29, 2018, 01:50:12 PM |
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The bear market have lingered and has made many people lose faith in cryptocurrency. This is evident in the number of sell off recorded for the past few months. However, signs of recovery are beginning to emerge; BTC have crossed $7000 and still remain strong. Similarly, Ether have started showing strong signs of recovery after depreciating significantly for the past couple of weeks. Can we therefore, say that the much awaited upward trend is here?
What is your opinion?
Quite true that the bearish condition of the market lingered for long which made some people lose faith. Beginning yesterday the market started showing some signs of recovery but the big question is whether the movement will be sustained in the coming days and months. I want to believe that this is the beginning of something good before the year comes to an end. Yes the market is on the path for recovery. |
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fulmetal08larz
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August 29, 2018, 03:24:55 PM |
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As much as I would like to believe that the market has turned its table to an uptrend, I would still not be too confident about it so that if the opposite happens, I won't be disappointed with the outcome. Although, it is a very good time to buy those coins which I cannot afford previously in 2017 and early 2018.
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pageraji
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August 29, 2018, 03:48:05 PM |
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when bitcoin this time is breakout more than 7200$ may be bullish is near, but we must carefull if price its less than 7k,,keep safe and enjoy the ride
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79b79aa8d5047da6d3XX
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Colletrix - Bridging the Physical and Virtual Worl
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August 29, 2018, 04:21:27 PM |
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when bitcoin this time is breakout more than 7200$ may be bullish is near, but we must carefull if price its less than 7k,,keep safe and enjoy the ride
In today's bitcoin can not pass the 7200$. And now it has gone down to 6900$. Just like what you say. Be careful with BTC at this time, In the next few days I think BTC will come back to 7200$ again. If it does not pass, then I think the price will return to 6000$ |
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Kartika1
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August 29, 2018, 04:35:21 PM |
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nope, instead of bullrun it's feel like a bulltrap for me. since we only got green for two days. and all this rising volume expecting to bullrun is a trap
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NinjaCryp
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August 29, 2018, 04:45:51 PM |
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We have not determined the exact trend at this time. But signs and sounds from the recent market are very positive. And if the growth trend at the end of the year is formed. I think that is the result of efforts from our beliefs and patience.
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Abeleez
Newbie
Offline
Activity: 252
Merit: 0
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August 29, 2018, 04:50:57 PM |
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The bear market have lingered and has made many people lose faith in cryptocurrency. This is evident in the number of sell off recorded for the past few months. However, signs of recovery are beginning to emerge; BTC have crossed $7000 and still remain strong. Similarly, Ether have started showing strong signs of recovery after depreciating significantly for the past couple of weeks. Can we therefore, say that the much awaited upward trend is here?
What is your opinion?
Quite true that the bearish condition of the market lingered for long which made some people lose faith. Beginning yesterday the market started showing some signs of recovery but the big question is whether the movement will be sustained in the coming days and months. I want to believe that this is the beginning of something good before the year comes to an end. Yes the market is on the path for recovery. |
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asritajudin
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August 29, 2018, 05:16:23 PM |
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With the way the market is rising positively now, I wish this process will continue for a long time so that the the bull run will start but I think we should relax a bit more and watch the trend before we start selling our coin.
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mdgabrielzim
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August 29, 2018, 05:21:21 PM |
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Apparently yes and coincidentally we are getting to the end of 2018 just like last year when btc went up. I believe that now when the market comes back to work not only btc but also several altcoins will have a very good discharge.
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hewbrowden
Newbie
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Activity: 98
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August 29, 2018, 05:23:08 PM |
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The bear market have lingered and has made many people lose faith in cryptocurrency. This is evident in the number of sell off recorded for the past few months. However, signs of recovery are beginning to emerge; BTC have crossed $7000 and still remain strong. Similarly, Ether have started showing strong signs of recovery after depreciating significantly for the past couple of weeks. Can we therefore, say that the much awaited upward trend is here?
What is your opinion?
I believe that there are no reasons for market restoration yet, just people buy at low prices, but this is not enough for a bull market. |
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Slash61
Member
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Activity: 633
Merit: 14
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August 29, 2018, 05:30:15 PM |
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I do not know what happened to the market, it can be called a bear market, on the side I am not too confident to say this is a good market, I will only wait in the next few days to be more confident in its development, hopefully this will last a long time to prosper all people to restore the losses that have occurred for a long time, it is very happy if everyone celebrates this increase with more confidence to reinvest.
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dunfida
Legendary
Offline
Activity: 3080
Merit: 1130
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August 29, 2018, 05:35:14 PM |
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The bear market have lingered and has made many people lose faith in cryptocurrency. This is evident in the number of sell off recorded for the past few months. However, signs of recovery are beginning to emerge; BTC have crossed $7000 and still remain strong. Similarly, Ether have started showing strong signs of recovery after depreciating significantly for the past couple of weeks. Can we therefore, say that the much awaited upward trend is here?
What is your opinion?
As of today it is now current pumping but it looks not so stable in $7k, maybe there is something that's currently forcing it to either rise or fall. However, it is not what i was expecting, maybe it's not the right time yet or maybe it's not going to happen anymore; who knows? Even the market is not that stable we could still earn some profit from it, with just a little help of our patience and perseverance. |
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Mia_pikachu
Member
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Activity: 333
Merit: 11
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August 29, 2018, 05:43:36 PM |
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indeed bitcoin is slowly raising its price, I also hope bitcoin will soon grow higher, and many people have been waiting for bitcoin prices to rise to the highest level, and I am sure that all will again raise their prices to their highest level.
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reflector
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August 29, 2018, 06:15:58 PM |
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indeed bitcoin is slowly raising its price, I also hope bitcoin will soon grow higher, and many people have been waiting for bitcoin prices to rise to the highest level, and I am sure that all will again raise their prices to their highest level.
It is really positive news in crypto market but all the coins are slowly recovering in the market but I expect it will going to moon in soon. I thinkg still some peoples are confused in Crypto investment so currently we need some awereness then only uptrend is continue in the market. I hope end of the year will see last year market. |
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lordmick
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August 29, 2018, 06:21:26 PM |
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I don't think that downtrend has finished. In my opinion this is just correction of downtrend. Personally I expect that falling of Bitcoin price, after it will get 7,5K$. I think after SEC decision about ETF in the end of September it will hardly crash and we will see bottom of this downtrend only in the end of spring of the next year. By that time Ethereum will crash under 70$, Bitcoin cash 150$ and so on. According to my knowledges in technical analysis I think that this downtrend will last till the middle of the next year. That's why it is too early to go for long.
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jems
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August 29, 2018, 06:37:30 PM |
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a little more friends, I have not been able to determine whether this is a time that has been awaited or not. What is certain is that this is the beginning of a market recovery and hopefully this will not end soon.
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Sephire
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August 30, 2018, 12:46:36 AM |
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It is still early to say if this uptrend will last or fizzle like all the past bounces. There does not seem any bad news left that is not already priced in the market including ETF rejection so market is holding out well for now.
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patz22
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August 30, 2018, 01:41:28 AM |
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It's been 2days now and BTC is holding at $7k which is a good sign however it is still hard to identify if this is the start of bullish market as we all know that BTC also went up to $8k earlier this month but it went down. Ber months are coming and hoping that it will continue, I think ETF would also help if it will be approved(not necessarily) but as long as there's no FUD from big companies or banks in the next following weeks this would be the start.
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jzale
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August 30, 2018, 05:02:02 AM |
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I don't think that downtrend has finished. In my opinion this is just correction of downtrend. Personally I expect that falling of Bitcoin price, after it will get 7,5K$. I think after SEC decision about ETF in the end of September it will hardly crash and we will see bottom of this downtrend only in the end of spring of the next year. By that time Ethereum will crash under 70$, Bitcoin cash 150$ and so on. According to my knowledges in technical analysis I think that this downtrend will last till the middle of the next year. That's why it is too early to go for long.
I agree with you, there will still be waves of downtrend even during in BER months. The ETF has been causing the community to be shaken. I don't see SEC accepting the proposal of ETF's. I don't even think it is a good time to propose ETF for Bitcoin yet. I was just shock with your price speculation of ETH and BCH though. Isn't it not normal for them to crash like that? |
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