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Author Topic: Should we call it a trend or a wave? Or something else?  (Read 123 times)
catfishftw
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February 05, 2019, 01:43:32 PM
 #1

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss
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February 05, 2019, 01:49:16 PM
 #2

Hello, because of the little I have studied and read many authors, we are in a phase of accumulation, bearish trend I am clear that we are not, come of a distribution phase, according to Wyckoff we are in Accumulation-Spring Zone.

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February 05, 2019, 01:52:43 PM
Merited by peter0425 (1)
 #3

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss

It's called cycle. Right now we're obviously we're in the bearish one. 2018 was the start of this cycle, so there's a lot of ups and downs and then we stabilizes around the $6k-$6.5K levels however, it dramatically fall because of all the BCH drama. If we're going to look at it's past history, bitcoin works that's way, bullish/bearish cycles.

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February 05, 2019, 01:57:31 PM
 #4

what you need to understand is the fluctuating nature of the market, price fluctuations often occur in trade, if the market is flat, a large movement will usually occur, just hope that prices will rise again.

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February 05, 2019, 03:54:05 PM
 #5

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss

It is obviously got so popular because of its bull trend and a lot of people want to get in and join the ride. In the future, I think that it will happen again and it would be a huge one.


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February 05, 2019, 04:07:57 PM
 #6

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss

it became trend many people investing while the market is uprising and they think that they are be able to earn from their investment to bitcoin, I got a friend they invested in crpyto and then they got scammed they put the blame on bitcoin and for sure not only my friend who experiencing that situation meaning the bad news and negative thoughts spread wide long and the investors pulling out their investment until this price comes.

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February 05, 2019, 04:14:35 PM
 #7

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss

It's called cycle. Right now we're obviously we're in the bearish one. 2018 was the start of this cycle, so there's a lot of ups and downs and then we stabilizes around the $6k-$6.5K levels however, it dramatically fall because of all the BCH drama. If we're going to look at it's past history, bitcoin works that's way, bullish/bearish cycles.
If we take time to understand this really explained things which is ongoing right now, the cycle that we are analyzing we are hoping that
we will be able to catch up with the market next possible directions, we are looking for hint when the next cycle will begin so we can have
our early calls placing our target entry price.

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peter0425
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February 05, 2019, 07:11:13 PM
 #8

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss

It's called cycle. Right now we're obviously we're in the bearish one. 2018 was the start of this cycle, so there's a lot of ups and downs and then we stabilizes around the $6k-$6.5K levels however, it dramatically fall because of all the BCH drama. If we're going to look at it's past history, bitcoin works that's way, bullish/bearish cycles.
If we take time to understand this really explained things which is ongoing right now, the cycle that we are analyzing we are hoping that
we will be able to catch up with the market next possible directions, we are looking for hint when the next cycle will begin so we can have
our early calls placing our target entry price.
Right, this really says what this ecosystem is all about, bear/bulls cycles. The last bull cycle is 2015-2017 so obviously, we are just waiting for the market to reset again and go to a bull cycle. There's no way that the bearish trend will last forever, just a matter of time before the bulls finally takes over again and a new trend emerges.

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February 05, 2019, 07:17:19 PM
 #9

Waves are the shape of a trend, what you mean is probably a flat or sideways market condition. Looking at the bitcoin chart pattern in the past I think this is reasonable, because it will form a positive trend.
We know that several months ago until now there has been a downtrend. Maybe mid-2019 will see the formation of up trend.

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February 06, 2019, 04:51:40 AM
 #10

This is not a trend or a wave, this can be said as a rotation of the cryptocurrency price movement, while for trends it seems that prices tend to fall, this is the circulation of cryptocurrrency prices that sometimes go up and down without your predictions.

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February 06, 2019, 06:41:21 AM
 #11

This is not a trend or a wave, this can be said as a rotation of the cryptocurrency price movement, while for trends it seems that prices tend to fall, this is the circulation of cryptocurrrency prices that sometimes go up and down without your predictions.

It's just a matter of semantics. As long as you get that there's a cycle or repeated price action in a defined time range, it's good. OP should definitely see the price history of Bitcoin to understand better what is happening with the market right now. At this moment there's an ongoing debate whether we've entered the bottom or there will be another dump before we can see a new uptrend. It's quite hard to predict correctly so manage your funds carefully.

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February 06, 2019, 06:49:23 AM
 #12

I don't know, how long will the price decline continue? Because since December 2018, I see the decline in people's appeal to cryptocurrencies seems to continue to decline and continue to this day, even though the price of bitcoin often persists in the range of $ 3500 to $ 3600, but the weakening of bitcoin prices still occurs, even penetrating $ 3400.
Well, even though this's happening now, "in the future" I think cryptocurrency will grow better. So, it would be nice, from now on we leave behind negative assumptions/thoughts which I think are very sensitive especially for holders.

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February 06, 2019, 07:44:34 AM
 #13

Bullish and bearish always changed in crypto market because crypto has low market cap and still young market. Since Bitcoin tradeable the price was going up 10times more and also was going down to 90% but after that the price will going up to the new level high. 

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February 06, 2019, 12:50:16 PM
 #14

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss

It's called cycle. Right now we're obviously we're in the bearish one. 2018 was the start of this cycle, so there's a lot of ups and downs and then we stabilizes around the $6k-$6.5K levels however, it dramatically fall because of all the BCH drama. If we're going to look at it's past history, bitcoin works that's way, bullish/bearish cycles.
If we take time to understand this really explained things which is ongoing right now, the cycle that we are analyzing we are hoping that
we will be able to catch up with the market next possible directions, we are looking for hint when the next cycle will begin so we can have
our early calls placing our target entry price.
Right, this really says what this ecosystem is all about, bear/bulls cycles. The last bull cycle is 2015-2017 so obviously, we are just waiting for the market to reset again and go to a bull cycle. There's no way that the bearish trend will last forever, just a matter of time before the bulls finally takes over again and a new trend emerges.

Okay I really support your point but regards that cycle and that the bearish trend will last forever but could it take another 3 years in order to fix and adjust its direction and reach another peak ?
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February 06, 2019, 08:01:28 PM
 #15

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss
If Bitcoin's increasing price up to 20k have been appropriate for its time, it would have stayed at that price. I think it was just a moment of happiness and it was over. I believe that the real time for that price will be when we will ready for it. Today there are 100 millions of people who don't have any knowledge about digital money, and there must be more adoption.

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February 06, 2019, 08:10:20 PM
 #16

2018 was not a year of ups and downs, it was mainly one of downs. 2017 witnessed the highest spike in the value of bitcoin and the market cap of the entire cryptocurrency market. Last year saw the market drop steadily to it's current low value.
The market changes often and is very difficult to predict. Stability greatly increased last year, this could indicate growing adoption to support future price growth.

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February 06, 2019, 09:13:36 PM
 #17


So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?


People have different view of what is currently happening in crypto market.

Just always remember that a certain price trend, price situation, price behaviour, price movement or whatever it is are bound to end soon. We are now in a long period of dealing in the dominance of bear and to that long duration, we should now be used to this and consider the current market situation as normal.

More importantly, people should now realized what things they have to do after some difficulties to cope up with the situation. It's fine to have lots of questions why the market still not showing any signs of bullish activity but not to the point that this will be the thing we should keep in our mind for long time.

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February 06, 2019, 10:27:01 PM
 #18

This is not a trend or a wave, this can be said as a rotation of the cryptocurrency price movement, while for trends it seems that prices tend to fall, this is the circulation of cryptocurrrency prices that sometimes go up and down without your predictions.

It's just a matter of semantics. As long as you get that there's a cycle or repeated price action in a defined time range, it's good. OP should definitely see the price history of Bitcoin to understand better what is happening with the market right now. At this moment there's an ongoing debate whether we've entered the bottom or there will be another dump before we can see a new uptrend. It's quite hard to predict correctly so manage your funds carefully.
That's true, and based on history of bitcoin from last bull run we've also undergone more dumps prior getting a higher profitable market rise last 2017. Probably that days we're at half quarter of 2017, and as months heading towards December the price started to spike more attempts to increase. Gladly, by November the market started to have more demand which rapidly created a huge growth of btc price as well as more trading sites were actively pumping. To give a full impression with latest market, I think that's a wave and that will soon becomes a trend worldwide.

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February 06, 2019, 11:06:27 PM
 #19

Just call it a reversal since last ATH was too much already then this is the opposite of that ATH, the biggest plummet and the most longest bearish market in the history of cryptocurrency. And people are starting to panic and seems like to lose interest too.

The is the longest bear market that I've experienced so far after that short amount of time during the bull run.



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February 06, 2019, 11:25:26 PM
 #20

So basically last year was full of great ups and downs, but this years bitcoin doesn’t have that amazing news or the great interest from the people who doesn’t invest or doesn’t own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?

/discuss
If me when price is on peak, it is only hype because of a trend. And then when all regulation come, or maybe other bad news come with bitcoin, people get hyped too that is why a lot of people start to sell their assets that can make bitcoin price keep down like now.

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