The decline has slowed down, the bears are still dominant

[gantez]

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

Ooops...not yet time to jubilate, the market can go through another phase of correction from the little gain so far and I think it is beginning to show. We can only speculate for better price as it stands now.

[eagleman]

Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.

And the drop you are expecting has happened.
After reaching nearly $4,200, the wall has been broken which we can verify that it's possible for bitcoin to break the resistance. The market has been slowed down due to some reasons that we can't say for now.I think the biggest players are just waiting for one major announcement before they show themselves to the market.

[gabbie2010]

Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.

And the drop you are expecting has happened.
After reaching nearly $4,200, the wall has been broken which we can verify that it's possible for bitcoin to break the resistance. The market has been slowed down due to some reasons that we can't say for now.I think the biggest players are just waiting for one major announcement before they show themselves to the market.

The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF  approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.

[Kevin77]

The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF  approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.

There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.

I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.

[eagleman]

Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.

And the drop you are expecting has happened.
After reaching nearly $4,200, the wall has been broken which we can verify that it's possible for bitcoin to break the resistance. The market has been slowed down due to some reasons that we can't say for now.I think the biggest players are just waiting for one major announcement before they show themselves to the market.

The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF  approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.

Yeah you are correct. I see that the market went down lately and bitcoin hits back $3,700.This means to say that the whales are drowing the prices so they can take as many as bitcoin that they can before the approval of ETF.
They have that kind of hint and they can do it because they have huge amount of money to flow in/out to the market.

[Altero]

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

Ooops...not yet time to jubilate, the market can go through another phase of correction from the little gain so far and I think it is beginning to show. We can only speculate for better price as it stands now.

Getting much interested with its future, many speculations arise but its not a hundred percent sure. Though we came into some increase but still we are not leaving the bears, but yet it is good enough to see our market recovers slowly and it give us some insights for its huge growth in the coming days.

[Shinpako09]

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

Ooops...not yet time to jubilate, the market can go through another phase of correction from the little gain so far and I think it is beginning to show. We can only speculate for better price as it stands now.

Getting much interested with its future, many speculations arise but its not a hundred percent sure. Though we came into some increase but still we are not leaving the bears, but yet it is good enough to see our market recovers slowly and it give us some insights for its huge growth in the coming days.

Yeah, we had the chance to see green again within this bearish market for a long time. Not bad, atleast some has been cheered up their negative mindset eventhough their expectation has been cut. Recovery seems long way to go before we can see the real one so for now let's just wait.

[lienfaye]

Through out this year the bears has been dominant. Anytime the price shows signs that its going to rise up, within a few days or so you will see it fall back again. I just don’t understand what’s happening. Since last year we all have been expecting a Bull run to take place but that didn’t happen, instead it remained at a low price, we thought there is going to be a change this year, but no, instead we are still seeing the same.

You're right we are hoping to see some changes but it seems the down trend is not yet over, the market turns green however it didnt last long, in just 5 hours the market declined again.

I think we have to reach the bottom before we can move forward to recovery phase, atleast we see price movement and its a good indication that the bearish market might be finally over. Im hoping this year is different to what happened last year.

[glowing10]

Bitcoin is nearing to a very important resistance level if we manage to breakthrough this key resistance line then and then we will see a bullish momentum take effect and rally all the way to the top but the volume stop at $3900 i think the bulls are exhausted so we might see another drop any day now or week.

And the drop you are expecting has happened.
After reaching nearly $4,200, the wall has been broken which we can verify that it's possible for bitcoin to break the resistance. The market has been slowed down due to some reasons that we can't say for now.I think the biggest players are just waiting for one major announcement before they show themselves to the market.

Big players would have made a short term profit from 3500 to 4200$ and sold off. Due to which the market had fallen and now trading to 3800$. Though this will still recover in coming time as its not a big dip that has taken place. But hold on to your investment in top coins.

[CryptoCounselor]

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

Ooops...not yet time to jubilate, the market can go through another phase of correction from the little gain so far and I think it is beginning to show. We can only speculate for better price as it stands now.

Getting much interested with its future, many speculations arise but its not a hundred percent sure. Though we came into some increase but still we are not leaving the bears, but yet it is good enough to see our market recovers slowly and it give us some insights for its huge growth in the coming days.

Yeah, we had the chance to see green again within this bearish market for a long time. Not bad, atleast some has been cheered up their negative mindset eventhough their expectation has been cut. Recovery seems long way to go before we can see the real one so for now let's just wait.

Maybe that's the best thing we can do for now since as waiting for miracles seems endless at this state and my speculation for this is we cannot see a over ATH for now since there are no events that can over hype the bitcoins so maybe in next following years and halving times comes maybe it can cause a massive pump unto bitcoins and altcoins.

[DenisCaritas]

I think using technical analysis in a market where volume is relatively low is wrong.

It is hard to predict a trend when the whole market can be manipulated by large institutions. FUD is real in the crypto space and we all have seen its effects. When bitcoin was booming and hit 20k, there was no technical analysis to back what was happening, except that it was overbought. Crypto is still in its early stages of adoption, which carries its own advantages and disadvantages.Making trend lines and assuming a certain price movement at this stage is wrong. When the market cap grows, when the price movement becomes less volatile, thats when technical analysis will kick in. At this moment, its just 'mainly' emotional investors and large institutions trying to get some profits off those same emotional investors.

[Lanatsa]

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

Ooops...not yet time to jubilate, the market can go through another phase of correction from the little gain so far and I think it is beginning to show. We can only speculate for better price as it stands now.

Getting much interested with its future, many speculations arise but its not a hundred percent sure. Though we came into some increase but still we are not leaving the bears, but yet it is good enough to see our market recovers slowly and it give us some insights for its huge growth in the coming days.

Yeah, we had the chance to see green again within this bearish market for a long time. Not bad, atleast some has been cheered up their negative mindset eventhough their expectation has been cut. Recovery seems long way to go before we can see the real one so for now let's just wait.

Maybe that's the best thing we can do for now since as waiting for miracles seems endless at this state and my speculation for this is we cannot see a over ATH for now since there are no events that can over hype the bitcoins so maybe in next following years and halving times comes maybe it can cause a massive pump unto bitcoins and altcoins.

Waiting for miracle shouldnt really be put up in our minds.We do have hopes since we have already experienced the glimpse of that bull run we had experienced.I do also believe that
the next hype up would happen on next halving. Not even BAKKT or ETF will trigger out price increase but who knows.For now if you arent dependent too much on crypto earning then better leave out and focus
with your day stable job and comeback to crypto when something action happens.

[pealr12]

Bulls will rule the market this 2019 and bears will exit the market  soon so be ready for a bull run.  Im expecting 6000-8000$ bitcoin  price before  the end of this year.

[bitcoinisbest]

Bulls will rule the market this 2019 and bears will exit the market  soon so be ready for a bull run.  Im expecting 6000-8000$ bitcoin  price before  the end of this year.

This could happen very soon and we have seen in the last week itself how markets have climbed till 4200$ though it has fallen a bit but the sign was very clear that bear will end and rime for the rise has come. So be ready t grab this opportunity.

[LUCKMCFLY]

Bulls will rule the market this 2019 and bears will exit the market  soon so be ready for a bull run.  Im expecting 6000-8000$ bitcoin  price before  the end of this year.

This could happen very soon and we have seen in the last week itself how markets have climbed till 4200$ though it has fallen a bit but the sign was very clear that bear will end and rime for the rise has come. So be ready t grab this opportunity.

Totally agree, I think that a good bull is being prepared, it can touch new levels above 4.2ka 5k, because they have to prove the offer in that area, which, many are willing to sell, and as it is an important area, many operations can get there ..Many investors are buying right now, they know it's a great long-term investment option.

[muhtesem]

Nice analysis, bitcoin did not fall below $ 3100 and ethereum did not fall below $ 100. but although there are support and resistance points, leveraged trading and futures exchanges they can manipulate the price as they wish. and in such cases, technical analysis it does not work.

[TravelMug]

Nice analysis, bitcoin did not fall below $ 3100 and ethereum did not fall below $ 100. but although there are support and resistance points, leveraged trading and futures exchanges they can manipulate the price as they wish. and in such cases, technical analysis it does not work.

TA might not always work because of market manipulation, but it can be applicable let's say you wanted to see a pattern in the past that may help up decide for the future.

Although you have to take into consideration that the market is still young, so the data might not serve its purposes. So for me TA could work if there's a lot of sample data already. But right now if you're doing TA for short term purpose, I guess it won't be applicable because of the volatility of the market. Conditions changes very quick that's why its really hard to do short day trading here.

[UmerIdrees]

just an update :  declines are now slowly diminishing since earlier today  .  i am now seeing greens  . this is good because this can be a sign of an incoming pump . what do ya think  guys  ?

Ooops...not yet time to jubilate, the market can go through another phase of correction from the little gain so far and I think it is beginning to show. We can only speculate for better price as it stands now.

We are in side ways movements from two weeks now. Bitcoin is near 8000$ now for more than 10 Days. I am expecting some big movements in the next week. It can be in the either way but more chances are that bitcoin will move towards 4300$ target from here.

[orions.belt19]

The next major move that can break the resistance is subject to a major fundamental announcement else the price will continue to range within $3700+ having been in that range for long until the recent rumoured ETF  approval leaked out before the price rally upward I believe the same scenario will repeat itself in an upcoming positive announcement.

There are plenty of reasons for bitcoin price to test again $4200 levels again but I still could not figure out why it suddenly fell down on last Sunday up to $3800 levels in less than 5 hours of trading. But, the good news is the range of bitcoin's movement has improved a bit. The next range would be up to $4700 levels and then bitcoin may stay above $4000 levels afterward.

I assume bears have lost their dominance and at the same time bulls not yet gaining the full strength. It is usually take more time for bulls to get into action in full pledged. But, we can be relaxed in mean time as bears are getting out of scenes slowly.

It's quite possible that the market had a correction so it fell to $3800 again. Even while it's no longer bearish as before, we may not be entering a bull stage as early as now. It may be a while before we break throung $4700 and experience steady levels above $4K. There's still some resistance as we can see that the price still falls. I just bet that many are happy with how the price levels are right now as they are anticipating for a bull run soon. Even without an upcoming positive announcement, we can expect a difference in the price trend now.

[victoria444]

Bitforex is an exchange which engages in nefarious fraud practices to take advantage of unsuspecting crypto projects wanting to list on the exchange and consumers wanting to trade. Projects should avoid listing on this exchange unless they want to lose their funds.

https://medium.com/@sallyalexon/bitforex-the-biggest-wash-trading-exchange-in-the-world-8245e9ca910a