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Author Topic: Bullish trend has commence!  (Read 902 times)
Cnut237
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February 11, 2019, 08:06:50 AM
 #81

I just visit coinmarketcap now and all the coins are in green.  Since this year I think this is the single pushed we have had.  Investors are reacting to the news of about approve ETF by the sec.  I think now provide us another opportunity to buy bitcoin at cheap price again.

I'd disagree with this. The SEC thing was more of an acknowledgement that an ETF would be approved at some point in the future. It probably did have an effect on price, but this is not a new bull run. We need a lot more than prices turning green - we have dropped from over $800 b market cap to just over $ 100 b. A rise to $120 doesn't signal a bull, we'd need much much more to break out of this. I'd say back above the support level that held last year might be enough, so we'd then be needing a cap of about $250 b.
I do think we'll have a bull run this year, but I think it's premature to say it has started now.

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February 11, 2019, 08:11:11 AM
 #82

Unfortunately, not everything is so simple.
It should be remembered that there are holders who bought at the level of 6K, 7-8K, 10K ... Some of them will want to sell at their price. This will create a lot of resistance at these levels. Therefore, a return to the prices of 15K + will not be easy.
those who hold assets when expensive prices will surely expect the current price to return to their prices. but if it doesn't happen I think doing a sale of assets now and buying it again if there is a decrease is a way to return capital rather than having to wait in the hope of not knowing when.

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February 11, 2019, 08:43:13 AM
 #83

Unfortunately, not everything is so simple.
It should be remembered that there are holders who bought at the level of 6K, 7-8K, 10K ... Some of them will want to sell at their price. This will create a lot of resistance at these levels. Therefore, a return to the prices of 15K + will not be easy.
those who hold assets when expensive prices will surely expect the current price to return to their prices. but if it doesn't happen I think doing a sale of assets now and buying it again if there is a decrease is a way to return capital rather than having to wait in the hope of not knowing when.
I would do that if I believe there is another decreased, but what I believe now is we are going to the road to recovery.
Gone are the days that the price will continue to get dumped by the weak hands, a little showing of bullish run is very vital and we've seen that in the past few days. So, even it's just a little run, but this already gives us a big inspiration to continue to hold as sooner the bull run will start.


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CryptoAssasin
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February 11, 2019, 09:44:30 AM
 #84

Those investors who missed buying bitcoin at $3400 missed this rare opportunity when thr price which also applies to most altcoins. The price reacts depending on the investors reaction with those news went out lately which are all good for adoption. This is a normal cycle which happens all the time so we better be careful with this pump because we will never know if it is a positive break out or a bull trap.

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February 11, 2019, 10:02:31 AM
 #85

Unfortunately, not everything is so simple.
It should be remembered that there are holders who bought at the level of 6K, 7-8K, 10K ... Some of them will want to sell at their price. This will create a lot of resistance at these levels. Therefore, a return to the prices of 15K + will not be easy.
those who hold assets when expensive prices will surely expect the current price to return to their prices. but if it doesn't happen I think doing a sale of assets now and buying it again if there is a decrease is a way to return capital rather than having to wait in the hope of not knowing when.
This is too risky as we don't know what's the dip and there's always chances that it can go deeper, better to reassess as you needed lots of patiences
and more practices before dealing with shorting the market, though it's really a good strategy in somehow if you master or you already have a good
exposures and knowledge.

Needs to be very observant while deciding what particular strategy to use, some might work but more or less it won't placing your investment to
more risky status.
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February 11, 2019, 10:25:05 AM
 #86

I just visit coinmarketcap now and all the coins are in green.  Since this year I think this is the single pushed we have had.  Investors are reacting to the news of about approve ETF by the sec.  I think now provide us another opportunity to buy bitcoin at cheap price again.
everyone is waiting for good things to come in 2019, so I am also waiting for my predictive analysis to be correct that at the end of 2019 the bearish bitcoin market will really end and I will see the next trend earlier this year

 
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February 11, 2019, 11:08:44 AM
 #87

Unfortunately, not everything is so simple.
It should be remembered that there are holders who bought at the level of 6K, 7-8K, 10K ... Some of them will want to sell at their price. This will create a lot of resistance at these levels. Therefore, a return to the prices of 15K + will not be easy.
I think so, not as easy as that, price can return to that position, especially with market conditions and psychological conditions from investors who are still traumatized, of course it takes a lot of process to reach that price again. bullish has not started yet, but I'm sure bullish will happen this year
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February 11, 2019, 01:13:06 PM
 #88

Market up a bit in the past few day and is currently consolidating there
I think people who believe in crypto are currently accumulating and waiting for the next bull run

The next bull run gonna be very strong because we have more players and more hodlers
When more HODLers is there, supply is lesser on market
Thus, easier to make a full bull run
With the help of institution money, you gotta know how high can the market go

My feeling? This is just a temporary tiredness of the sellers. Remember we had so little volume last week, which as most normal analysts predicted, would lead to a sudden spike either way. It turns out, the spike is up. But remember even ETH had a long climb to $150 just in December (or was it January early?). And then went all the way back down almost to $100, along with Bitcoin.

Treat this as a lower high, for now.

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February 11, 2019, 01:18:09 PM
 #89

I just visit coinmarketcap now and all the coins are in green.  Since this year I think this is the single pushed we have had.  Investors are reacting to the news of about approve ETF by the sec.  I think now provide us another opportunity to buy bitcoin at cheap price again.
everyone is waiting for good things to come in 2019, so I am also waiting for my predictive analysis to be correct that at the end of 2019 the bearish bitcoin market will really end and I will see the next trend earlier this year

I don't think anyone would expect this bear market to continue to be around us. everyone clearly hopes that the bull can fly to us immediately and we can see a better market. now everyone is just waiting for that time, nobody knows when but they are all waiting for him.
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February 11, 2019, 01:29:05 PM
 #90

Bitcoin prices are still discounted and you still don't buy them? some people have started to buy it and are ready to jump bitcoin the current price is still 1% of the price that will be shown in the future bitcoin, Bitcoin will replace USD, bitcoin for the future,
bitcoin as a digital payment !!
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February 11, 2019, 02:40:16 PM
 #91

Unfortunately, not everything is so simple.
It should be remembered that there are holders who bought at the level of 6K, 7-8K, 10K ... Some of them will want to sell at their price. This will create a lot of resistance at these levels. Therefore, a return to the prices of 15K + will not be easy.
Even 4000$ is an extremely difficult barrier for BTC, Price of BTC is difficult to go up to 4000$ because buyers at this price will be ready to sell immediately and do not need to hold. For those who bought BTC at 6000-15000$, I think they have to wait 5-10 years to be able to sell them

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February 11, 2019, 03:06:17 PM
 #92

Ok, everyone settles down, because this is not a bullish trend but just a natural market reaction to the Bitcoin ETF news just a couple of days ago. Although its really a sigh of relief to see the price of most coins getting into green zone, but I wouldn't be surprise if the price goes on another red zone in the next couple of days, so just be careful and used your common sense before investing.

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AltcoinsBattle
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February 11, 2019, 04:04:18 PM
 #93

Bitcoin prices are still discounted and you still don't buy them? some people have started to buy it and are ready to jump bitcoin the current price is still 1% of the price that will be shown in the future bitcoin, Bitcoin will replace USD, bitcoin for the future,
bitcoin as a digital payment !!
Your slogans are great and naive. But not many people believe it. Many have lost in the unstable crypto market. If this happens, you will have to wait for many years, perhaps decades. Are you ready?

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February 11, 2019, 05:08:06 PM
 #94

I think this kind of chart didn't give any clue about Bullish trend, this more like only a temporary hype, some momentum from Bittorent and some rumors about bitcoin that will be accepted. Honestly, this thing could be work now but since more people aware from previous event, i think we can use this chance to get more deposits. Buy the rumors, Sell the news.

batang_bitcoin
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February 11, 2019, 05:33:22 PM
 #95

Unfortunately, not everything is so simple.
It should be remembered that there are holders who bought at the level of 6K, 7-8K, 10K ... Some of them will want to sell at their price. This will create a lot of resistance at these levels. Therefore, a return to the prices of 15K + will not be easy.
Don't forget those investors who bought during $20,000.

They have the hardest feeling now but regardless of what they feel and what they did. As long as we see the market starts to light up, we should be cheerful and don't think of any negative thing right now. Everything will be fine soon.




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February 11, 2019, 05:37:32 PM
 #96

Your slogans are great and naive. But not many people believe it. Many have lost in the unstable crypto market. If this happens, you will have to wait for many years, perhaps decades. Are you ready?
I am sure to wait for years that no one will be prepared especially if they invest or trade for the short term and they happen to be trapped in a collapsing market. I am sure they will wait in the near future, when there is a slight increase they will panic to sell their assets in the hope of minimizing losses.

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Jamesib1
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February 11, 2019, 06:31:35 PM
 #97

I gotta say, the opinions of investors coming at different levels and therefore we will experience a resistance at those levels have a lot of points to be viable. I personally, forgot about all the investors that came in at different levels, that experienced tremendous stress from the downfall and will 110% try to sell and get out at 0% gains.

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deadthings
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February 11, 2019, 06:43:26 PM
 #98

Everything looks like the bear market is over, but I think we should be very careful. Whales can still try to manipulate and situations like from last days can only be a trap.
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February 11, 2019, 11:47:03 PM
 #99

Everything looks like the bear market is over, but I think we should be very careful. Whales can still try to manipulate and situations like from last days can only be a trap.
I also doubt that the current price bottom is the last one before the start of the real growth, the trap is quite real, although still I want to believe that it's over

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February 12, 2019, 08:24:54 AM
Merited by freedomgo (2)
 #100

Everything looks like the bear market is over, but I think we should be very careful. Whales can still try to manipulate and situations like from last days can only be a trap.
I also doubt that the current price bottom is the last one before the start of the real growth, the trap is quite real, although still I want to believe that it's over
Your opinion could be right as we don't see the future, there might be another bottom to come but let's just enjoy this little pump.
The whole market has grown in less than a week and it's a good sign, personally I'm hoping that this is the bullish trend we are looking.

When things like this happens, the bullish people then reacts and make their bullish prediction, recently I read an article from analyst Mitoshi Kaku saying that BTC will reach $5,000 this month, you can check the link for more info, it's a good read, maybe it would  change your prediction.

https://bitcoinexchangeguide.com/analyst-mitoshi-kaku-believes-bitcoin-btc-could-see-5000-usd-during-the-next-weeks/




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