Bulls need time

[beerlover]

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.

I don’t think traders are the ones that needs patience and time because those ones are making money every day irrespective of what the market condition is, the people that really need time and patience are investors, I must really give them thumbs up, it’s not so easy to wait for years to be able to get something positive off ones investment, but the waiting can really be worth it when the time comes.

We also need to assist the coin in pumping further by creating lots of positive news for Bitcoin that would create FOMO in pending investors and make them rush into investing in Bitcoin so that we can reach our target on time.

[Ailmand]

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

If we'll look back in the history of bitcoin, we could see that it took a long time before it reached the best value. If we'll base on its timeframe we might have the realization that we really need time before we reach a good profit as it did before. Let's not doubt but rather give bitcoin a chance to prove its capability again.

[BitcoinTurk]

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

I think it doesn't support your opinion with an explanatory or valid reason. I think that it is not the right decision to reach this conclusion by making only one indicator interpretation and it will not be very accurate in the desired result because it is very easy to leave many investors in the opposite corner with instant changes in this sector. For that reason, using only one inducer has been extremely erroneous to achieve this conclusion or to change the ideas of others with this result. On the other hand, although I argue that the bull period has not started yet, I would like to say that we can easily find out whether the bull period started or the period of the month continued by investigating the various factors. However, it is not necessary to use a single indicator to achieve this result, it is necessary to use various indicators and research through various sources.

[guoyu78]

If we'll look back in the history of bitcoin, we could see that it took a long time before it reached the best value. If we'll base on its timeframe we might have the realization that we really need time before we reach a good profit as it did before. Let's not doubt but rather give bitcoin a chance to prove its capability again.

Yes, in my opinion, it is great to have such a rise in the price of Bitcoin because it has actively revitalized the dead souls in the cryptocurrency space. Yeah, the potential had been there in bitcoin since day one but price appreciation actually motivates people to invest and speculate in Bitcoin. I think that this Bull Run will stay longer.

Staying stable at some areas until it reach $7000 is highly expected. Bulls definite need some time to rest and then to march. Those traders and holders who are not patience enough or doubting about the back of bulls, may exit at any time and then may regret later for missing out a good rally of short time frame itself.

[Vishnu.Reang]

I think if you have been in the market for about 3 years or so, you would understand that bulls doesn't run overnight. You don't need to rely on TA, just common sense and experience will do. Obviously, we need them to give more time and support so that when they engaged themselves it will be difficult for them to be stop and we don't know where they are going to stop, julst like what we have witnessed in 2017.

I've been around for more than 3 years and I would disagree with you. Back in 2017, there were a lot of instances when the exchange rates shot up more than 10% in a single day and as much as 50% in a week.

[ajaymukund]

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

Yes. everything always takes time and we should not rush to invest when the market becomes abnormal. When we do not understand the market, we will have to pay for blind investment.
I believe that the growth of this market is not sustainable. It will soon slip out in the middle of Q2.

[Malsetid]

I think if you have been in the market for about 3 years or so, you would understand that bulls doesn't run overnight. You don't need to rely on TA, just common sense and experience will do. Obviously, we need them to give more time and support so that when they engaged themselves it will be difficult for them to be stop and we don't know where they are going to stop, julst like what we have witnessed in 2017.

I've been around for more than 3 years and I would disagree with you. Back in 2017, there were a lot of instances when the exchange rates shot up more than 10% in a single day and as much as 50% in a week.

Nope. Bulls don't need us. They do with what they have. And we're talking about big time traders here. We look to them and even if we do nothing, the bulls will make a run if the time is right for them. You just have to be vigilant since like in 2017, they didn't come when you expected them.

[XinXan]

Bulls are already in control, we have been in a weekly lower high trend for the past year and a half almost, we broke it 2 weeks ago, that's a major sign that the bulls are back in control, we are also seeing continuation from the last bull move, everything is screaming bull run, not necessarily back to 20k in a few weeks but perhaps 6+ in the next week or two.

[akram143]

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

but Bull take long time and this is the opportunity to start its engine to take a long drive because there will be a huge waiting available from the side of investors so the opportunity will not came everytime this will be the right chances of getting future development for every investment.

[Aryleeto]

indeed, to wait for the bull run to come it takes quite a long time like in 2017, so if I think the year that will be a bull run is the year to come and many people will convince it

I agree , everyone expects that if a bullish trend begins, it will immediately be as powerful as in 2017 , but I also think that the price can stand still for a long time and only then can go strong , for me such a market will begin in 2020-2021 only

[timmydakolo2]

We need a good analysis to look after bitcoin, as we can see now we have gotten some uptrend which I know it's a good start for the many projects have really dropped down. And today most projects are just struggling to survive so let's just keep fingers crossed and watch how bitcoin will make a difference than give Fales news and analysis.

[MiF]

I think if you have been in the market for about 3 years or so, you would understand that bulls doesn't run overnight. You don't need to rely on TA, just common sense and experience will do. Obviously, we need them to give more time and support so that when they engaged themselves it will be difficult for them to be stop and we don't know where they are going to stop, julst like what we have witnessed in 2017.

I've been around for more than 3 years and I would disagree with you. Back in 2017, there were a lot of instances when the exchange rates shot up more than 10% in a single day and as much as 50% in a week.

There's a perfect time for everything, so if we want to be part of bull run's great day you need to learn how to acquire a good attitude. Because if you have knowledge on your crypto asset, you won't think of dumping it quickly upon seeing price needs to gain much higher value than the current one. That's why bull really need enough time to gain the best price ever.

[freedomgo]

We need a good analysis to look after bitcoin, as we can see now we have gotten some uptrend which I know it's a good start for the many projects have really dropped down. And today most projects are just struggling to survive so let's just keep fingers crossed and watch how bitcoin will make a difference than give Fales news and analysis.

Projects that loss it's market because of the bearish period will most likely recover, if this bull run will continue.
Just like the old days, bitcoin increases FOMO happens, however maybe this time investors are more matured and if you are holding
a bad coin or they called it a shit coin, you might not be able to dispose it with profit.

[raven7886]

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

Yes. everything always takes time and we should not rush to invest when the market becomes abnormal. When we do not understand the market, we will have to pay for blind investment.
I believe that the growth of this market is not sustainable. It will soon slip out in the middle of Q2.

It all depends on what everyone sees as abnormal in the market, when we were in Bear market, some of us saw it as abnormal instead of seeing it as blessing in disguise that is given opportunity to more people to invest so they can take profit when it becomes high, and when BTC became high again, some of us still saw it as abnormal and linking the price movement to that of whales work.

I agree with you that it is necessary to fully understand a particular time of the market before dabbling into it, which is more reason why we have to pay close attention to our technical and fundamental analysis to direct us.

[Tungsten-1]

I think if you have been in the market for about 3 years or so, you would understand that bulls doesn't run overnight. You don't need to rely on TA, just common sense and experience will do. Obviously, we need them to give more time and support so that when they engaged themselves it will be difficult for them to be stop and we don't know where they are going to stop, julst like what we have witnessed in 2017.

I've been around for more than 3 years and I would disagree with you. Back in 2017, there were a lot of instances when the exchange rates shot up more than 10% in a single day and as much as 50% in a week.

Nope. Bulls don't need us. They do with what they have. And we're talking about big time traders here. We look to them and even if we do nothing, the bulls will make a run if the time is right for them. You just have to be vigilant since like in 2017, they didn't come when you expected them.

No it is not like this as according to me bull always need our support and it really need our money to invest and hold only then with the passage of time bull will run, in 2017 I know price was so good and many investors have become so rich because of trading bull can happen anytime but without our support and holding it is not possible.

[mersal]

In somewhere the Bulls are also need some time to take a rest and I think this is the time for taking rest from the cryptocurrency to stay calm and make its development things to be more powerful and it will continue to run and I think the waiting is enough and from the starting of this year the changes will be seen by us and it can be definitely acute development in this year.

[bitgolden]

There's a perfect time for everything, so if we want to be part of bull run's great day you need to learn how to acquire a good attitude. Because if you have knowledge on your crypto asset, you won't think of dumping it quickly upon seeing price needs to gain much higher value than the current one. That's why bull really need enough time to gain the best price ever.

Wherein we investors are the main vessel the bull will use to achieve it and if we don’t give it enough room or space to speed, it might not succeed.

So, rather than dumping every time we see climb of the current value, we need to really give it time, we use more of those time too to learn how to create FOMO by spreading positive news about BTC and any other coin we feel necessary, if we can give the bull time to pull all necessary strings together to work effectively, we will be on our way to having very huge profit in out bank within a short period of time.

[Hannahanto]

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.

[Oilacris]

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

Im not on technical thing yet these dont give out precise predictions but somehow you can make out some analysis on whats happening on the market on using up these tools.
Price had gotten down on sub 5k price but it did hold and now we are trading above 5k as of this moment.Good indication that we are possibly tanking this range
once again just like what happen when we are still on 4k above price.

[XinXan]

Bull still in control. Some bearish action was expected, in fact needed, the RSI was super extended. We held the exponential moving averages on the daily and we are just forming a higher low compared to 3900$. We might possibly see an equilibrium pattern but we are very likely to just see continuation since the whole market is still looking strong.