Bulls need time

[jakezyrus]

Bulls need time but others wants or expect a bulls every year. We all want it but they should accept the fact that it won't going to happen. They are just thinking of profit but they aren't think of, do they afford to buy at a high price, I guess not, so bears aren't that bad. Price pull back a few hundred of bucks but still maintaining at $5k so still fine.

Yes majority of us are like that .  we only want bull at all time and we dont care if how can we afford to buy cryptos because we are not investors . we dont buy cryptos but we are only selling our cryptos at the highest possible value because we are a workers here in this forum  . but the more we expect for a bull run to oocur the longer the time that we are waiting . its funny and disapointing at the same time but thats true  .

[1714756581]

1714756581

[futile-resistance]

Another factor that cannot be stopped is reducing the supply of bitcoin.
this can be a cycle that cannot be stopped and bitcoin will continue to rise.
many predict this.

How is it possible to reduce the supply of Bitcoin? Do you mean hoarding a lot of it? It's not about reducing the supply but it's the adaptation of bitcoins technology for the community that would make the price rally.

It is not possible to do so. And in addition to that, it is actually the bull that is going on and not a phase before bull. The key to making profit in such a situation is your holding of Bitcoin. If you do so, and in bulk, you could end up making immense profits in the cryptocurrency market. If you are looking for big profits, you would no doubt have to wait for a hyper bullish market which is something that can make you big money but that takes time.

[kaya11]

Another factor that cannot be stopped is reducing the supply of bitcoin.
this can be a cycle that cannot be stopped and bitcoin will continue to rise.
many predict this.

This could be the one of the best reasons for another bullrun, losers of the past downfalls will become hodlers of the present and if another ATH would come another multiplied losers(new to crypto who doesn't know a thing) will become hodlers again. And the cycle goes on leaving bitcoin to be scarce. Remember  if you bought a Bitcoin now, there are many millionaires around the world would be dying to get yours in the future where it will become a million dollar, so you would be a millionaire in no time. Some says it would take around 10 years to 16 but what McAfee said it is going to happen by 2020 and he would eat his own sausage if it doesn't. He tweeted 500k USD first and then became a million, that was a scary bet though, couldn't imagine how would he eat his own...

[Netnox]

Bulls need time but others wants or expect a bulls every year. We all want it but they should accept the fact that it won't going to happen. They are just thinking of profit but they aren't think of, do they afford to buy at a high price, I guess not, so bears aren't that bad. Price pull back a few hundred of bucks but still maintaining at $5k so still fine.

That’s how the new investors want, they want to take profit always but it’s not the reality because the price will always fluctuate. Bulls will come when the bear is over and when there’s enough volume for the demand. The cheaper price is not that bad, its a buying time so you can earn if the bull started to work.

If the bull run happens too soon, then there is always a chance that it may not be able to sustain itself. First the basics needs to be strong, and till now I am not seeing any hints of that happening. But those who are hopeful about the future can always buy and accumulate the coins.

[ausbit]

We need volume. Huge volume so that bears will be taken down, we need huge volume to climb above $6,000 level and after that, if we can hold above $6,000 level, it could be the start of the bull market. If the RSI will stay above the overbought, it needs volume then, we need more buyers than sellers, bulls than bears.

Literally that is called bull run,they questions is when it will happen? I think we are already in the bull run for over a month or so since the price growth looks positive for long time.

And I say who will give us the volume necessary to push us further, time is always there and anything can happen at any time, but we need to be making research on people who are capable of creating this volume. We really need large institutions to come in now to create such volume, otherwise, we may be a little stagnant in this price for another 3 months.

Most of the institution I have read on this forum that is capable of increasing the price again have already accumulated enough and we need fresh investors that will come inform of institutions with large money to create the volume,       

[StarofBTC]

The recent spike was not due to whales moment. We later found that 3 investors bought bitcoin for milliaons respectively. Around $1k spike in 2 days really overwhelmed everyone who was holding it for more than 15 months. This spike has brought the other altcoins to their next level as well.

The surge on price was absolutely not from the because it would surge past the $5000 price if the whales are involved but saying 3 investors was the reason behind the green trend in the market is what I don't agree with you because if the mentioned investors was indeed the reason for the surge the market demand won't be strong enough to maintain the $5000-5500range.

I agree with you, this has nothing to do with particular investors investing and controlling the market. If it was true the price would have dropped below than what it is right now. Let’s just say that there is an increase in demand as at this time and that’s why the price increased to this extent. It has maintained the $5k rate, though it’s still below what it was around last week and earlier this week.

Funny how everyone keeps talking about rise and everyone believes that Bitcoin will continue to go up and will never go down. They have all forgotten the risk and how Bitcoin is built. Everyone forgot that the price of Bitcoin and every other crypto has the possibility of dropping down to zero. Nah, no one is aware of that.

[emmybd]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

[udidrone]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

Only time which can decide in what trend bitcoin was. Because we know this pump still on short time and people actually can't decide it is on bull trend or not. Because trend means it keep increased until reach it's ATH.

[mirakal]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

Only time which can decide in what trend bitcoin was. Because we know this pump still on short time and people actually can't decide it is on bull trend or not. Because trend means it keep increased until reach it's ATH.

If we will wait until it break it's ATH then we will be late for the accumulation.
The market is bullish but it doesn't mean it has to reach the ATH, whales are in the accumulation stage and if this is true, price would not go down anymore.

[senyorito123]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

Only time which can decide in what trend bitcoin was. Because we know this pump still on short time and people actually can't decide it is on bull trend or not. Because trend means it keep increased until reach it's ATH.

If we will wait until it break it's ATH then we will be late for the accumulation.
The market is bullish but it doesn't mean it has to reach the ATH, whales are in the accumulation stage and if this is true, price would not go down anymore.

Volatility has long been the nature of Bitcoin. One of the basic strategies in investing is the process of buying a particular security and holding into it and potentially sell when price rises. No need to rush things, don't panic, it takes time for the market to recover. Stay patient and be positive. The market is starting to upsurge, trust its potential that it can get back on track at the course of time.

[Bustart]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

Only time which can decide in what trend bitcoin was. Because we know this pump still on short time and people actually can't decide it is on bull trend or not. Because trend means it keep increased until reach it's ATH.

If we will wait until it break it's ATH then we will be late for the accumulation.
The market is bullish but it doesn't mean it has to reach the ATH, whales are in the accumulation stage and if this is true, price would not go down anymore.

It can be hard to predict as to when bearish market lasts and when bullish market will take its place. However, I'm still positive and confident that market has so much potential to bounce back. It may take time for it to recover, but don't be so discouraged with it. It's not all about glory days, it can be wearingly boring to wait but look forward for its rewarding outcome. Don't be too affected with it, instead of worrying too much, make use of your time to be productive, continue to learn, and take a look life with optimism.

[suzanne5223]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

People that rely on indicators absolutely misunderstand the concept behind the uses of it because it was used to predict the trend which the market may poses but it does not guarantee that the analysis is totally right which is why most senior analysiser will always tell people that their predictions is not trading advice.

[posi]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

Only time which can decide in what trend bitcoin was. Because we know this pump still on short time and people actually can't decide it is on bull trend or not. Because trend means it keep increased until reach it's ATH.

If we will wait until it break it's ATH then we will be late for the accumulation.
The market is bullish but it doesn't mean it has to reach the ATH, whales are in the accumulation stage and if this is true, price would not go down anymore.

Volatility has long been the nature of Bitcoin. One of the basic strategies in investing is the process of buying a particular security and holding into it and potentially sell when price rises. No need to rush things, don't panic, it takes time for the market to recover. Stay patient and be positive. The market is starting to upsurge, trust its potential that it can get back on track at the course of time.

Honestly, we usually said patience is what is needed the most in crypto investment but 35% of cryptoneir are totally patience because the crypto market surge for days, the market are still speculated and wishing the trends stay alive but what everybody are saying is that the bull run market is back.
We need to face the the truth and like the OP said bull need time.
Mirakal, whales are not in accumulation now if they are the trend will increase simultaneously every day.

[tonyja2017]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

It seems that Stochastic RSI has not been able to tell the price of the crypto market. Our crypto market has a lot of whales and their strategy always changes over time. we will witness many times such absurd events many times. so don't be too obstinate, watch and just set up an investment strategy to make money.

[Finestream]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

Only time which can decide in what trend bitcoin was. Because we know this pump still on short time and people actually can't decide it is on bull trend or not. Because trend means it keep increased until reach it's ATH.

If we will wait until it break it's ATH then we will be late for the accumulation.
The market is bullish but it doesn't mean it has to reach the ATH, whales are in the accumulation stage and if this is true, price would not go down anymore.

Volatility has long been the nature of Bitcoin. One of the basic strategies in investing is the process of buying a particular security and holding into it and potentially sell when price rises. No need to rush things, don't panic, it takes time for the market to recover. Stay patient and be positive. The market is starting to upsurge, trust its potential that it can get back on track at the course of time.

Right.Take your time.If we see the market dumping like in a long span of time,then for sure it will also make a good pump after every dump.Bulls need time.We need to be optimistic all the time while investing.There's no need to panic as this will only cause us pressures and even troubles that will end up a negative result.

[FanEagle]

it's mostly new players who are all too eager to welcome bulls. I mean, i believe there will be a bull market but i'm not expecting any time frames. You just open yourself to disappointment if you make such rash expectations.

These new users and even the old ones are getting consumed by their lack of patience, when we talk of investment now, many people talk about a quick one, I wonder why they are not patient with ICO investment, these is not their first time of investing in life.

Some of these investors already has lots of experience through other investments they have gotten themselves engaged with in the past such as IPO, Stock and exchanges which they usually even wait more than 3 years sometimes before catching profit, I see why they should come to ICO and use the little opportunity that each coins has to grow to fill their pocket not considering the functionality of the system.

[jrrsparkles]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

People that rely on indicators absolutely misunderstand the concept behind the uses of it because it was used to predict the trend which the market may poses but it does not guarantee that the analysis is totally right which is why most senior analysiser will always tell people that their predictions is not trading advice.

Different predictions will give different results so what we can choose? that is why it is not accurate all the time it is just an assumption of how the market will react.For now the market seems bullish again slowly and steadily after reaching $5000 mark,steady growth is a sign of beginning of bull run and it doesn't look like trap since we are already staying in this region for a while.

[bitgolden]

People that rely on indicators absolutely misunderstand the concept behind the uses of it because it was used to predict the trend which the market may poses but it does not guarantee that the analysis is totally right which is why most senior analysiser will always tell people that their predictions is not trading advice.

Using indicator to predict a long term investment is absolutely impossible but I think it works mostly for day traders and I think if it has not really been working for them, there would have been a lot of discouragement about it.

Indicators are very useful in predicting the real situation of the market, but like you said, most senior analyzers do not rely on technical analysis alone; they mix both technical analysis and Fundamental analysis to conclude at their own prediction. If prediction through indicators for a short term trade is to be looked into, it should be from pro traders because indicators alone will never work for a newbie.

[Siren]

Honestly, I have never seriously considered the signals provided by the "technical analysis", because I am convinced that there is such a diversity of indicators that can practically give any signal to any analyst, since they have always had a great deal of subjectivity,

The indicators really are not to be relied upon for confirmation of trend. I think that bitcoin have shown not to be dependent on TA or fundamental, it is just independent in my view. In other words, I take my other as what I see.

Thats why its called analysts because they are just analyzing but nothing is being specific,and no particular is mentioned by them to be accurate.never forget that this is own money and we are responsible for each sent to be spent in trading.so if you fail nothing to blame but ourselves only

[udidrone]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.

Only time which can decide in what trend bitcoin was. Because we know this pump still on short time and people actually can't decide it is on bull trend or not. Because trend means it keep increased until reach it's ATH.

If we will wait until it break it's ATH then we will be late for the accumulation.
The market is bullish but it doesn't mean it has to reach the ATH, whales are in the accumulation stage and if this is true, price would not go down anymore.

Volatility has long been the nature of Bitcoin. One of the basic strategies in investing is the process of buying a particular security and holding into it and potentially sell when price rises. No need to rush things, don't panic, it takes time for the market to recover. Stay patient and be positive. The market is starting to upsurge, trust its potential that it can get back on track at the course of time.

Right.Take your time.If we see the market dumping like in a long span of time,then for sure it will also make a good pump after every dump.Bulls need time.We need to be optimistic all the time while investing.There's no need to panic as this will only cause us pressures and even troubles that will end up a negative result.

Will take that option. Even i not hold a lot of coins for now, at least i believe bull trend will come. It is only matter on time, when that time come, a lot of people will start again to believe in crypto especially bitcoin.