Don't Fomo , 3800$ incoming ?

[The Cryptovator]

Even we don't like to hear about bear market, but who can avoid the truth? To be honest current bitcoin trend is too confusing, for me I am unable to determine which trend going to follow. There was expectation once bitcoin break $5.6K, but recent movements is not looking fine. If in case break $5K zone on down trend then we might see red market once again but not sure it would be $3.8K. Perhaps it would play around $4K zone.

[Lanatsa]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Yes daily trader loves the volatility, they make money on this especially if they are able to ride with it. The market might not be good in terms of the price right now but I think, we will not fall below $4k again. Don't spread the FUD, let's keep on thinking positive and bitcoin will go up. The incoming dump is not that much, I expect a more pump this month of May.

Honestly i don't see anything reliable to the OP's chart image. Well i do some chartings and anything can change ma, sma and other indicators is lagging it can change its direction from point A to point B. I am looking at 4700 support which may be the drop and not that $3800 after this past month bitcoin run.

Using TA's would really just like to be presumptions and yes it can change from time to time and i had experienced on how many times that Bitcoins price do broke my technical
analysis thats why i dont really bother too much on what would be the price on upcoming months to come yet i just focused myself on doing active trades.FOMO is just a normal
thing but you cant stop people on not to hold yet the price as of this moment is already gradually recovering.

[2chase]

When i look at these beautiful pictures and read the rationales that cryptocurrency experts are willing to provide in abundance, then a picture comes to my mind when a carrot is hung near the face of a poor donkey and manipulated with him. Sometimes it is better to be in calm and continue to keep coins without being tempted by such forecasts.

[FanEagle]

Even we don't like to hear about bear market, but who can avoid the truth? To be honest current bitcoin trend is too confusing, for me I am unable to determine which trend going to follow. There was expectation once bitcoin break $5.6K, but recent movements is not looking fine. If in case break $5K zone on down trend then we might see red market once again but not sure it would be $3.8K. Perhaps it would play around $4K zone.

Those values are just being speculated ad not the fact about the market consider, no one can really know the direction of the market except the factors itself. When it comes to these cryptocurrency, if we are not trading with it, the best is just to continue leaving our investment until BTC is ready to go on a bull run no matter the time it takes, and even if the value decides to drop and play around the $4k zone, we should still not worry, if we have money, we can still take the opportunity to buy because no matter how long bitcoin  pays with these value in the market, one day the bull run will sure show up for us.

[Pattart]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Yes daily trader loves the volatility, they make money on this especially if they are able to ride with it. The market might not be good in terms of the price right now but I think, we will not fall below $4k again. Don't spread the FUD, let's keep on thinking positive and bitcoin will go up. The incoming dump is not that much, I expect a more pump this month of May.

Price going down again might be bad for the growth of this year, but we can still trust that bitcoin will rise again.
I would buy if it will dump again, bitcoin fundamental is good, so it will not bother me if it will dump anymore.
The history will repeat itself, every time it dump, it will always bounce back hard and we will certainly enjoy the price when it bounce back.

First bitcoin won't fall to $1000 or $3800. and Fomo actually makes prices go up. but Fomo might hurt you. if you want to profit,
don't rush into action. You will not miss anything if you are good at doing analysis first mate

[BitHodler]

First bitcoin won't fall to $1000 or $3800.

$1000 is highly unlikely, but $3800 isn't that unrealistic. We could reach $3800 and still have a higher low, and it might even be quite healthy for the market to plunge from where it is right now.

and Fomo actually makes prices go up. but Fomo might hurt you. if you want to profit, don't rush into action. You will not miss anything if you are good at doing analysis first mate

Fomo by definition is not really a good thing. It means that you either waited too long because you're too conservative, or you miscalculated the trend entirely and discard everything you initially valued just to be on board.

That being said, patience is the most important aspect of trading and investing in general. Even if you missed out initially, if the trend is up, you can still ride it up for a longer period of time and still make decent profits.

[cryptokwuk]

Finex/Tether news will shake things up again and again for the next year or so, for better or worse. It just breaks any TA and can completely reverse sentiment in a blink of an eye. And let's not forget the many millions of dollars and boatload of BTC that Faketoshi and Roger still have to mess things up.

[ASHLIUSZ]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Yes daily trader loves the volatility, they make money on this especially if they are able to ride with it. The market might not be good in terms of the price right now but I think, we will not fall below $4k again. Don't spread the FUD, let's keep on thinking positive and bitcoin will go up. The incoming dump is not that much, I expect a more pump this month of May.

Price going down again might be bad for the growth of this year, but we can still trust that bitcoin will rise again.
I would buy if it will dump again, bitcoin fundamental is good, so it will not bother me if it will dump anymore.
The history will repeat itself, every time it dump, it will always bounce back hard and we will certainly enjoy the price when it bounce back.

First bitcoin won't fall to $1000 or $3800. and Fomo actually makes prices go up. but Fomo might hurt you. if you want to profit,
don't rush into action. You will not miss anything if you are good at doing analysis first mate

If you have patience then there is no need to fall for FOMO, you can just keep hold of the bitcoin and altcoins that you find profitable doing your own research. As the days are getting close to the golden cross there is chances for price crash. This assures with a price recovery all of the sudden even if it falls.

[Kevin77]

Increases and decreases are never the same for twice, there is way to many things that change the course of price movements, its not as easy to go back to 3800 as it was to go high to 5+ thousand dollars because it wasn't easy to go up to 5+ thousand dollars. We have tried to break the 4200 resistance for months before we were capable of actually going up but people saw the increase so they think it will be "easy" to go back since we increased so "quickly".

Well, if we are going to go back to 3800 than it will have to go the route we went when going up and will try to go back down many times before it can go to 3800 and all these buyers will have to let go and not buy in order for it to go back down that much. I do not see that happening any time soon. I am not saying it won't happen but I am saying it won't happen quickly.

[Idrisu]

When i look at these beautiful pictures and read the rationales that cryptocurrency experts are willing to provide in abundance, then a picture comes to my mind when a carrot is hung near the face of a poor donkey and manipulated with him. Sometimes it is better to be in calm and continue to keep coins without being tempted by such forecasts.

Remaining calm and trade base on the analysis you have done is what separates amateur from professionals traders.  I think we have see many analysis like this in the past and many of them did not come to pass and we just need to wait for time to tell.  If you sell because of another person analysis you may blame yourself in future.

[Vaskiy]

If tether fails then we cut easily see a $3.800 bitcoin, but I think most people will jump into bitcoins and dumping their altcoins in that event. Bitcoins is looking strong again, so I think we will slowly go up in the next few weeks.

From the second quarter of the year the market seems much more progressive than the first quarter of the year. The third quarter of the year will provide with the best profit in the market with the price reaching around $8000, and by now there is no need of panic about the mentioned $3800. No need to fear about missing out the low buy or high selling, just analyze and make your own decision.

[incomefromcoins]

Even after Tether and Bitfinex issue still the market is moving upwards it means we are in right direct to touch 6000 dollars soon

[freedomgo]

Even after Tether and Bitfinex issue still the market is moving upwards it means we are in right direct to touch 6000 dollars soon

True, it says that the market is not in bullish period, if we are in the bear, more dumps will be witness but this time, it only dump a little and recovered.

[LeGaulois]

Even after Tether and Bitfinex issue still the market is moving upwards it means we are in right direct to touch 6000 dollars soon

Even after Tether and Bitfinex issue still the market is moving upwards it means we are in right direct to touch 6000 dollars soon

True, it says that the market is not in bullish period, if we are in the bear, more dumps will be witness but this time, it only dump a little and recovered.

I had been wondering the same thing for the last few days, I didn't expect Bitcoin to behave as nothing had happened. And even today and yesterday it is on the rise, crossing the $5,500. Isn't that weird? Maybe because the Tether effect still needs a few more days or weeks for it to explode? Anyway, something's going to happen.

[pixie85]

Even after Tether and Bitfinex issue still the market is moving upwards it means we are in right direct to touch 6000 dollars soon

It is moving but look at the difference in price between bitfinex and other exchanges. It's 300 dollars apart like it was artificially pumped. Maybe it's tether again?
It's strange that with all that's going on around it they still manage to keep the price from falling. If I had USDt I'd be moving to another stablecoin without hesitation but there's not much of it going on. Does that mean that most of the USDt is fake so there's nobody to unload bags?

We are overdue for a correction that's for sure.

[Distinctin]

We are overdue for a correction that's for sure.

Correction going up, yes.
Bitcoin and  altcoins were oversold during the last bear market which is last year, we are just bouncing back.
Last bear long period, price drop slowly but it's consistent, now the least we will see is the opposite but there's a possibility of some big explosion coming up.

Market has never failed to amaze us, we can only see this if we hold until now and waited for this moment.

[Caladonian]

We are overdue for a correction that's for sure.

Correction going up, yes.
Bitcoin and  altcoins were oversold during the last bear market which is last year, we are just bouncing back.
Last bear long period, price drop slowly but it's consistent, now the least we will see is the opposite but there's a possibility of some big explosion coming up.

Market has never failed to amaze us, we can only see this if we hold until now and waited for this moment.

If we still have the patience and trust that something big will come to this investment, the market corrections might be on its way to bounce back,
uptrend run and no more downfall for a while, it can attract more potential new players if they will be encourage of good positive movements, as
they already been doubtful since the last big drop.

Long term holders will still be optimistic and keep observing each market trend ans still believe for positive outcome.

[tukagero]

Bear market is over guys , cant you see bitcoin is going up little by little as the day passes. Im pretty sure that bitcoin heading to 10,000$  by july.

[exstasie]

I had been wondering the same thing for the last few days, I didn't expect Bitcoin to behave as nothing had happened. And even today and yesterday it is on the rise, crossing the $5,500. Isn't that weird? Maybe because the Tether effect still needs a few more days or weeks for it to explode? Anyway, something's going to happen.

It's different than normal FUD. There is additional buying pressure on Bitfinex because people are worried about insolvency, regulators. So they're driving the price up. Bitfinex price is nearly $5,900 now! It's slowly but surely dragging up the rest of the market with it. This is creating a feedback loop where shorts are getting squeezed and bears are getting pressured to buy back.

[raven7886]

If tether fails then we cut easily see a $3.800 bitcoin, but I think most people will jump into bitcoins and dumping their altcoins in that event. Bitcoins is looking strong again, so I think we will slowly go up in the next few weeks.

From the second quarter of the year the market seems much more progressive than the first quarter of the year. The third quarter of the year will provide with the best profit in the market with the price reaching around $8000, and by now there is no need of panic about the mentioned $3800. No need to fear about missing out the low buy or high selling, just analyze and make your own decision.

I have also heard from some great analyst of the possibility of bitcoin falling back a little to $3800 before going on bull run, but I have tried to do my analysis too and I have not really see anything factor that could lead to dump of bitcoin for it to reach that value.

We should not just be speculating, we need to think it through too, if they say that the price will dump again to that low, are they expecting people to react to news or factor that will trigger that ? I don’t think the price will be easy to drop again, because a lot of holders are keeping bitcoin value they have now in their portfolio for the future increase.