Bulls need time

[Viscore]

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

so what you do think will happen based on your analysis here?

how long we should wait?

Wait for bull run? I guess it's here already and you just did not see it.
If you don't see your target price yet and you are asking us how long, I will say no one knows, price rally can also dump over time.

Maybe we just have to be patient, if you believe in the potential of crypto, definitely the right time will come.

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[maxreish]

I understand that. After observing the market for so long, it is not easy to achieved high trends or bull run. It is better to the market to be increased slowly but surely than to expect a bull run but will decreased eventually. I have been also looking at stoch rsi for so many days and it is true that is overbought for a few days. Looking forward what to be the next side of stoch rsi.

[Btra]

Definitely, bull needs time but this is not a equity market. And, I have never seen that bull happens at more than two years. So, from the last bull it was already gone 1 and half year and the market is just recovering. So, hopping the bull will come at the end of the 2019.

[jazmuzika217]

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

This also a reason why bitcoin untill now in a pump up situation, like what you said bull needs time to make another good run but traders also need a lot of time and patient if they want to see another pump up this coming year or next year.

[BeGoods]

I do not think much of all these indicators. I believe in fundamental factors and say that we will already be experiencing a lot in this market. That's just the beginning, whoever becomes patient will later be rewarded and collects his dividends

if you already have that belief you don't need to see an indicator for checking when bulls occur, a bull run takes a long time and process,
and if you believe that you don't need to count the days to wait for it, it will surely come..

[Mpamaegbu]

With the current state of the market, we should be dancing Alanta and doing gleeful backflips. We are almost at $180billion now as against a mere $120billion in March. Crypto market has picked up, volume has increased as much as investors' interest. I am hopeful this will trigger the expected bull run.

[HyughA]

I often use trading strategies like you, by using (Stochastic RSI) I can predict for the next 1 week, and if there is a refusal I will immediately cancel the order on the market

[binhvo1505]

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

This is a bad signal for long-term growth. I think this is also the time of whale pumping and it has no real value. Don't get caught by the sharks, you won't want to continue to suffer losses.
Please stop risking at the present time, don't be too greedy.

[Pamadar]

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

This is a bad signal for long-term growth. I think this is also the time of whale pumping and it has no real value. Don't get caught by the sharks, you won't want to continue to suffer losses.
Please stop risking at the present time, don't be too greedy.

A matter of how well will you analyze the current trend, rising without real reason behind is just another artificial pumped coming from those fat whales who can easily manipulated the market, being smart needs to play well and taking a risky decisions with something to gained is very important right now, no need to be greedy best options is to take every opportunities.

[jvdp]

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

This is a bad signal for long-term growth. I think this is also the time of whale pumping and it has no real value. Don't get caught by the sharks, you won't want to continue to suffer losses.
Please stop risking at the present time, don't be too greedy.

A matter of how well will you analyze the current trend, rising without real reason behind is just another artificial pumped coming from those fat whales who can easily manipulated the market, being smart needs to play well and taking a risky decisions with something to gained is very important right now, no need to be greedy best options is to take every opportunities.

I doubt that election happening in India might be reason for it. One of the Indian friend in my friend said that one government converted many cashes for BTC. Now they have big marketing plan for election time.
If he sold the coins you may loose the money on this election time there. Hope others will spectate more

[royalfestus]

The currency we trade here is patience not even bitcoin itself. We all know the $20000 price is the what we want to beat before we head higher, No prediction have read looks beyond $20000 this year.  Some might be surprise when we reach $6k and hang there for another 3 months. We just need to know how make use of all the position in the market before hitting the next ATH

[akela04]

how long we should wait?

It takes long time to recover it will take maybe 1 month or 2 months depends on the environmental effects of the market. Bull needs time to recover to reach $14000 or break its all time high price and that's lambo. Bitcoin takes time to recover and it also needs our patience on waiting if we don't wait then it is our fault when we didn't get any profit because of that kind of attitude wi really bring you to a wrong side. Time is a must in recovering.

Very well you say, I completely agree with you, the bulls need time to recover. The current bitcoin jump so far, which does not mean the end of the bear market, the price will still jump up and down. It’s necessary to wait for the full recovery of the market and then everything will be cool.

[arpon11]

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.

Understand this trading cycles and playing along with it is what makes us a successful trader!  The supplies of bitcoin might be reduce by half in may next year and that is going to create scarcity and by that price increasing.  I believe that bitcoin is going to rise in price again and this time it is going to rewards hodlers and investors with good profits more than what we have gotten. If we look at most of the technical indicators we would find out that most of them are still showing bullish signal and that means even if bitcoin is going to reset it will be a lighter one.

[pinkpanther03]

The currency we trade here is patience not even bitcoin itself. We all know the $20000 price is the what we want to beat before we head higher, No prediction have read looks beyond $20000 this year.  Some might be surprise when we reach $6k and hang there for another 3 months. We just need to know how make use of all the position in the market before hitting the next ATH

You're right. Most people here in cryptocurrency based their prices on the all time high or in year 2017. They're making it as the basis if bitcoin is recovering nicely and/or slowly. To reach or just even to get close to it, a lot of time would be needed. Several factors will affect it.

[Rufsilf]

The currency we trade here is patience not even bitcoin itself. We all know the $20000 price is the what we want to beat before we head higher, No prediction have read looks beyond $20000 this year.  Some might be surprise when we reach $6k and hang there for another 3 months. We just need to know how make use of all the position in the market before hitting the next ATH

That previous ATH happening last 2017 isn't to our greatest day ever, it stay for just a few minutes and gone, make a huge drop and we all suffering after for more than a year. It could the same of that will happen this year, it definitely needs time for its recovery. Even we reach back into $10k this year, its a big achievement for me, enough to cover up our losses those days of bears.

[Kelvinid]

With the current state of the market, we should be dancing Alanta and doing gleeful backflips. We are almost at $180billion now as against a mere $120billion in March. Crypto market has picked up, volume has increased as much as investors' interest. I am hopeful this will trigger the expected bull run.

Everyone have looking into that(bull run), we all waiting for that and maybe this is the time that we could see it again. Its too early to celebrate but we are too positive that we taste another beers in the coming days. Its a wind changing its direction and it is in favor to us now.

[Denton]

In the future, bitcoin will continue to grow. It is clear to all. But if we consider a shorter perspective, we are still waiting for the price rollback and then there will be a movement upward. So I believe that the bulls will soon go for a run.

[akuser]

The currency we trade here is patience not even bitcoin itself. We all know the $20000 price is the what we want to beat before we head higher, No prediction have read looks beyond $20000 this year.  Some might be surprise when we reach $6k and hang there for another 3 months. We just need to know how make use of all the position in the market before hitting the next ATH

You're right. Most people here in cryptocurrency based their prices on the all time high or in year 2017. They're making it as the basis if bitcoin is recovering nicely and/or slowly. To reach or just even to get close to it, a lot of time would be needed. Several factors will affect it.

I almost gave up in early 2019, the decline in the price of bitcoin made everyone desperate. but there are still other indicators that cause the price of bitcoin to rise. halving is an important issue to be taken into account and it's time to believe that bitcoin will continue to rise.

[Oceat]

The currency we trade here is patience not even bitcoin itself. We all know the $20000 price is the what we want to beat before we head higher, No prediction have read looks beyond $20000 this year.  Some might be surprise when we reach $6k and hang there for another 3 months. We just need to know how make use of all the position in the market before hitting the next ATH

You're right. Most people here in cryptocurrency based their prices on the all time high or in year 2017. They're making it as the basis if bitcoin is recovering nicely and/or slowly. To reach or just even to get close to it, a lot of time would be needed. Several factors will affect it.

I almost gave up in early 2019, the decline in the price of bitcoin made everyone desperate. but there are still other indicators that cause the price of bitcoin to rise. halving is an important issue to be taken into account and it's time to believe that bitcoin will continue to rise.

Patience is the key in everything if you really want something and you are ready to wait then you need to strengthen your patience. Bitcoin may be down longer than when it is in bull run mode. But this is how the market works it is either going up or going down, vice-versa.

[Vaculin]

The currency we trade here is patience not even bitcoin itself. We all know the $20000 price is the what we want to beat before we head higher, No prediction have read looks beyond $20000 this year.  Some might be surprise when we reach $6k and hang there for another 3 months. We just need to know how make use of all the position in the market before hitting the next ATH

You're right. Most people here in cryptocurrency based their prices on the all time high or in year 2017. They're making it as the basis if bitcoin is recovering nicely and/or slowly. To reach or just even to get close to it, a lot of time would be needed. Several factors will affect it.

I almost gave up in early 2019, the decline in the price of bitcoin made everyone desperate. but there are still other indicators that cause the price of bitcoin to rise. halving is an important issue to be taken into account and it's time to believe that bitcoin will continue to rise.

Patience is the key in everything if you really want something and you are ready to wait then you need to strengthen your patience. Bitcoin may be down longer than when it is in bull run mode. But this is how the market works it is either going up or going down, vice-versa.

Yes. You won't make good profits today if you lose your patience in the earlier days. Patience is still very needed if you really want to gain good profits even in the future. I'm really glad the present condition of the crypto market is now very positive and hopefully this will continue to grow in the coming days.