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Author Topic: Bull market is back?  (Read 14426 times)
partysaurus
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May 09, 2019, 04:45:55 AM
 #361

Are we there yet? is this really the bull we have been waiting for? Seeing how the market respond in the recent binance hacking, This negative news hardly impact the price on Bitcoin today!,

If we can break the $6000 Barrier today this could signal another buy pressure for all those sideliners waiting for a bull run before riding the money train.
I don't think this is the bull we are waiting for because the bull market is about the whole market having a price increase but the current situation is not meaningful that I am saying, what is rising and falling is just bitcoin, altcoin is still only one color, bloody. Especially a very negative news came out as you said, binance was attacked by hackers, a large number of bitcoin has disappeared, with such a bad news, the bull market still may not appear, we still need to wait

   Yes indeed. Binance's hack can be a reason of stoppage of bitcoin's growth.
At the same time you mentioned exactly the same what I am thinking - altcoins are not growing and we simply may hope for bull market's coming back, but we still cannot say that it already back.

Nope, this negative news didn't affect the marke whatsoever.

We just had a break-out run, $6k has been breached, it Binance has an effect then we might see the price plummets to $5300-$5400 at least.

But it seems that Binance did a good job to stop the panic because of their safu in place. Let's hope that there will be no negative news because the market is really doing good right now.




if binance pays back all the money that was lost as they say they will,then its not a big deal that it got hacked since the only one that lost money is binance. Guess thats why it dont have such a negative effect but we have to wait and see and alot of people think bitfinex is going for a exit scam.
Other than those bad news putting us back abit it looks realy good for btc in the comming months.

 
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May 09, 2019, 05:49:01 AM
 #362

Now the price seems to be very impressive which makes us think we are in a bull run and this trend will carry for another year and today the price of bitcoin crossed more than 6000$ which seems to be very impressive in the market and seems to be we are in bullish.
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May 09, 2019, 06:01:42 AM
 #363

Now the price seems to be very impressive which makes us think we are in a bull run and this trend will carry for another year and today the price of bitcoin crossed more than 6000$ which seems to be very impressive in the market and seems to be we are in bullish.

This is what we are waiting, bitcoin finally crosing $6K would mean another opportunity is coming.

Brace yourself now as we are going to the moon again.
My expectation this year is still full of optimism, $20K might be possible and we are in the making now.


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May 09, 2019, 06:10:47 AM
 #364

Bitcoin pump to $4,919 and back down to $4,671 at the mean time.
Why is this pump happening? Bull market is back?

Price: $4,671
24h high / low: [$4,919.39 / $4,124.31]
Market Cap: $82,303,956,910
24h Volume: $17,479,334,170

https://www.coingecko.com/en/coins/bitcoin
I agree with you. The bull market may happen this month. Although Bitcoin is at a price of $ 5,700 and $ 5,900, the $ 6,000 price may come quickly. Therefore, I believe the opportunity For many investors it is still very good before Bitcoin set new prices.
Setting up new prices every single day is quite confusing to investors because they have the difficulty to find out when to buy coins. The alteration in price make it quite difficult for them but they should be assured with the reality that Bitcoin is currency with long term trusted store of value and that is the thing encouraging us. Many new investors should go for a market research to find out what happened before and how investors recovered loses after Bitcoin responds.
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May 09, 2019, 08:10:12 PM
 #365

The cryptocurrency sphere has seen its most sudden growth just in 2017, it's too soon to expect a new explosive growth of the crypto market, so now slow but steady growth is not bad.
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May 09, 2019, 08:14:29 PM
 #366

The cryptocurrency sphere has seen its most sudden growth just in 2017, it's too soon to expect a new explosive growth of the crypto market, so now slow but steady growth is not bad.
The growth is natural so it's better than the hype of 2017, much better if this will continue as it is and not just to relied with hyped and after that will fall too deep,bull this time will achieved greater than before and will be backing by those supporters who's waiting for the bull to be really stronger.
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May 09, 2019, 08:39:31 PM
 #367

The cryptocurrency sphere has seen its most sudden growth just in 2017, it's too soon to expect a new explosive growth of the crypto market, so now slow but steady growth is not bad.
The growth is natural so it's better than the hype of 2017, much better if this will continue as it is and not just to relied with hyped and after that will fall too deep,bull this time will achieved greater than before and will be backing by those supporters who's waiting for the bull to be really stronger.

totally agreed! natural growth makes a strong base, that doesn't fall down so easily...
A new dynamic seems to have arrived, and things are moving, but I think that cryptospace will be accumulating power during this year for an explosion on the next... so it will be a good year compared to 2018, but not the bull run year Wink

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May 09, 2019, 09:42:12 PM
 #368

Current market move can not be considered as a bull run and don't think we would be having a huge bull market in 3 months. Current move is so healthy. The sad think here is, altcoins value do not come up and grow as like it was earlier along with bitcoin. I wish bitcoin and other crypto values should grow as like bitcoin does now.
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May 09, 2019, 10:24:53 PM
 #369

I believe so, since day one in 2019 Bitcoin already up around 70%. It may not as fast bull run like we saw in 2017 but at least we seeing green candle almost every month this year. I just hope that this slow and steady bull market will continue until 2020 where we see Bitcoin surpass its all time high.
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May 10, 2019, 03:10:16 AM
 #370

It really is very difficult to determine if the bullish market has returned, because in the million dollar wallets are almost the same percentage, have not yet reached 70% of accumulated bitcoins, in fact, can the bitcoin rise to $ 9ky and go back down to $ 6 K because many speculators and Strong Handes can do or rely on those efforts to see what level is the bitcoin hard offer and so they can continue to accumulate.

I think this is from the point of view of the Law of Effort - Result, which Wyckoff studies the speculative markets, because at the moment that an action or currency rises in price, it is because the investor or speculator, has made this increase to hunt many prices within a range, so see where the greatest resistance to get out of a range such as accumulation, and they win is selling, because if they increase, the majority of traders will enter the market to not miss the move, and as go increasing, they are selling, many times they do it as a bullish trap but it helps them to make a test of how the market behaves at those levels

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May 10, 2019, 03:30:06 AM
 #371

I believe so, since day one in 2019 Bitcoin already up around 70%.

I'm not sure if I would agree with the percentage presented, can you give me the source of your computation?
I do check the price history here https://coinmarketcap.com/currencies/bitcoin/#charts but my computation does not give me the figure you stated.


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zee11225
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May 10, 2019, 05:41:01 AM
 #372

Current market move can not be considered as a bull run and don't think we would be having a huge bull market in 3 months. Current move is so healthy. The sad think here is, altcoins value do not come up and grow as like it was earlier along with bitcoin. I wish bitcoin and other crypto values should grow as like bitcoin does now.
The bull market has returned, that's for sure. The indication is the increase in crypto prices where evenly there is an increase, that is, bitcoin today has reached the price of USD 6310 and the price of altcoin such as ETH is USD 174 or LTC which is USD 77.
The bull market will greatly influence the entry of large capital investors who have been sleeping long, because they are waiting for the price of crypto to rise. They will drive a market that is already passionate about becoming more vigorous in transactions so that price increases are significant.

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May 10, 2019, 06:27:01 AM
 #373

Now the price seems to be very impressive which makes us think we are in a bull run and this trend will carry for another year and today the price of bitcoin crossed more than 6000$ which seems to be very impressive in the market and seems to be we are in bullish.

This is what we are waiting, bitcoin finally crosing $6K would mean another opportunity is coming.

Brace yourself now as we are going to the moon again.
My expectation this year is still full of optimism, $20K might be possible and we are in the making now.

I like your optimism but what we are trying to avoid here is the dramatic or parabolic rise might hurt us in the long run. I'm sure it is still fresh to our mind what happened to 2017 and the massive drop after that rise.

For me it's better to see the price going on a steady rate at least $10k at the end of the year and then new ATH in 2021 specially that bitcoin halving is coming.

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calandra78
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May 10, 2019, 09:18:52 AM
 #374

Now the price seems to be very impressive which makes us think we are in a bull run and this trend will carry for another year and today the price of bitcoin crossed more than 6000$ which seems to be very impressive in the market and seems to be we are in bullish.
I thing and my feeling since april a mount ago are corectly when bitcoin price make over 10% an hours begin bullish time this year. for now price are rally to be new suport. bad news about binance dont affective price today are good one to say we are going to moon for everyone.

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May 10, 2019, 10:19:09 AM
 #375

a golden cross from the moving averages, strong divergences in the daily, weakly and 4H timeframes, and a lot more; Yeah, the bull markets is back. but, I can assure you that a lot of people that are in it now will still not catch the bull run. Now everyone expects a sudden rise in prices. the truth is, like every other market, only the most patient will catch the move up. Even though we have seen some very impressive moves up, rest assured that you will see one more down move which could take ethereum to 120 before the market takes off for real. this down move will occur to wipe out the impatient one.

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May 10, 2019, 08:20:32 PM
 #376

Now the price seems to be very impressive which makes us think we are in a bull run and this trend will carry for another year and today the price of bitcoin crossed more than 6000$ which seems to be very impressive in the market and seems to be we are in bullish.
I thing and my feeling since april a mount ago are corectly when bitcoin price make over 10% an hours begin bullish time this year. for now price are rally to be new suport. bad news about binance dont affective price today are good one to say we are going to moon for everyone.
  Yes in April the price of bitcoin has started to rise and it is making even progress since then, nothing can effect the price bitcoin, bull is the almost on the way and it is rising in price with the passage of time, more support from investors is getting more value for cryptocurrency so bull is gradually getting in and we are going to make huge profit with help of our patience and holding.
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May 10, 2019, 11:19:46 PM
 #377

So Bitcoin has indeed moved almost $2K since the day this post was made. Indeed we are entering into the bull run and it seems it is eating us up gradually until one day we realize the prices are so high! Bitcoin has indeed proven to be very strong! Long Live Bitcoin!!! Long Live Crypto!

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May 11, 2019, 06:45:14 AM
 #378

So Bitcoin has indeed moved almost $2K since the day this post was made. Indeed we are entering into the bull run and it seems it is eating us up gradually until one day we realize the prices are so high! Bitcoin has indeed proven to be very strong! Long Live Bitcoin!!! Long Live Crypto!

Entering, or has entered already?
That's a big question I'd like to know, I believe we have already entered and this big price pump is a proof.
Long live investors also because crypto would not be here without its investors and crypto will never die as it's only
investors that are the ones tested here in tough times and tough times is over, we re now in good times, so holding really gives good result. 


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May 11, 2019, 07:21:49 AM
 #379

I was just looking online an hour ago, after a late lunch. And again Bitcoin has rocketed 10%. Almost 7000 but of course now it is only around 6800 but still,,, what a fantastic gain. Seems like the altcoins are now slowly beginning to pick this up.

So guys, a parabola about to happen or just more squeezing from the whales waiting for a good price to take profit?

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May 11, 2019, 07:38:51 AM
 #380

I was just looking online an hour ago, after a late lunch. And again Bitcoin has rocketed 10%. Almost 7000 but of course now it is only around 6800 but still,,, what a fantastic gain. Seems like the altcoins are now slowly beginning to pick this up.

So guys, a parabola about to happen or just more squeezing from the whales waiting for a good price to take profit?

No idea. What is weird is that the funding rate on Bitmex is negative and we are in a bull market. What this means is that many people are shorting still whenever it hits a new high.

Its different than a few days ago, because a few days ago it would have a high negative funding, we would hit a new high and the funding would almost be zero, and then the funding rate was high again when we consolidated. Right now we are going higher and higher and the funding rate stays the same. Should be the complete opposite. Back in 2017, the funding rate was positive and if you were short you were given a large interest rate, now its the other way around.

Maybe give it a few more days and it might shift over, or this is one big bull trap.

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