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icet208 (OP)
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May 06, 2019, 07:43:54 AM |
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Last few weeks have been quite bullish for BTC. As of 6 April BTC had a Weekly close above 50 MA, which is a very significant level for BTC.  As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?!  |
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crairezx20
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Activity: 1638
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May 06, 2019, 08:02:50 AM |
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Yes, it's over in my own speculation I'm also relying on the old graph price movement which is obvious they are both the same movement.
For other trader and users out there I'm sure they would say that the price of bitcoin is unpredictable but for me, I believe that the price movement is following a cycle just like the 2015 and 2016 graph. So it might happen again this year.
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icet208 (OP)
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May 06, 2019, 08:37:28 AM |
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As the market is a bit extended we might see some pullback. Both MACD and RSI are showing a Bear divergence on Daily Time Frame.  But on a bigger Time Frame (W) there are many similarities with the 2014-2015 Bear market showing a potential reversal of the trend. |
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greenclub09
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BBOD - The Best Crypto Derivatives Exchange
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May 06, 2019, 09:06:42 AM |
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it is not that easy when the enire market is still suffering from the previous dumps, it is still not be able to stand against the stronger dumps in the future, so as an investor, i will not so soon invest all money into this situation but may be alittle longer when BTC is higher and altcoins are more stable than before, BTC still have the chance comeback to test 5000$ and get back to 6500$ again.
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JeffBrad12
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May 06, 2019, 09:22:42 AM |
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As the market is a bit extended we might see some pullback. Both MACD and RSI are showing a Bear divergence on Daily Time Frame. But on a bigger Time Frame (W) there are many similarities with the 2014-2015 Bear market showing a potential reversal of the trend. despite the fact said the chart looks the same with the old one and can we forget the FA of bitcoin? I personally see the latest chart of bitcoin looks the same with the chart of bitcoin at june - july 2017. The reversal has already started but the question is about when there will be big news that can create a FOMO like what has already done by the news of ETF rumour. Okay, i remember block reward will give a lot of impact fur sure. Currently, the block reward of bitcoin gives 12.5 btc but it will decrease a half started from the next year. Big bull confirmed to happen a few years starting from now. |
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carter34
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May 06, 2019, 10:52:09 AM |
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so as an investor, i will not so soon invest all money into this situation but may be alittle longer when BTC is higher and altcoins are more stable than before, BTC still have the chance comeback to test 5000$ and get back to 6500$ again.
At all times, it is not always a business decision to invest all you have into just one single area, diversification is best for growth. As to whether to wait for more increase before buying, I do believe that the greens are already here, a good altcoin is good for the ride. |
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emmybd
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May 06, 2019, 12:14:44 PM |
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It is true that bitcoin has been bullish over the past few weeks, but what about other altcoins they have still been suffering, so we can't say that the bear is over. It would take some time.
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Mrengage
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May 06, 2019, 12:16:42 PM |
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Last few weeks have been quite bullish for BTC. As of 6 April BTC had a Weekly close above 50 MA, which is a very significant level for BTC. As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?! Yes I believe the bear is over and as the week goes by market is no longer complicated traders are bagging to what they want and this year should turn up good. The chart is quit presentable. |
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rijaljun
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May 06, 2019, 01:12:16 PM |
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The market is steady, I'm glad to see that. Bear market has ended and now I think Bitcoin is accumulating its support before going to bullrun. This may is a start for a new bull market, as many experts says that Bitcoin will have a new bullrun around summer of this year. The halving which will happen on may 2020 strengthen this arguments. But, we should always aware of any information and be ready if another FUD comes,
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Ipwich
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May 06, 2019, 01:27:29 PM |
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History does not repeat itself all the time, but I like to believe that the bear market is already over and we are in the bullish market now. Thanks for giving an effort making this analysis, quite short one but this helps people believe that bear is over. As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?! |
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icet208 (OP)
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May 06, 2019, 01:33:01 PM |
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History does not repeat itself all the time, but I like to believe that the bear market is already over and we are in the bullish market now. Thanks for giving an effort making this analysis, quite short one but this helps people believe that bear is over. As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?! I am not saying that a new bull run will start soon but there are many signs that we might see a trend shift soon. As stated before in short term there might be a correction, and it can be a big one (a test to $4200) IMHO the next bull run is still far away, my prediction is that we might see a similar 2017 bull run probably in 2021 |
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rysea2
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May 06, 2019, 01:59:13 PM |
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The increase in the market is something that many people have been waiting for for a long time, and this market condition has shown a convincing increase. Repeated or not the history of the highest increase in bitcoin is not a problem as long as the market can continue to survive this increase.
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Ailmand
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May 06, 2019, 02:13:49 PM |
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The market is actually getting better but we can't really say that the bull market is really approaching because this has happened before. There are still lots of things to happen in the future so we can't conclude anything but the increase is favorable for those who are patiently waiting for the bull run. Positive signs are visible and it's another indication for us to keep buying Bitcoins.
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Jating
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May 06, 2019, 02:20:16 PM |
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History does not repeat itself all the time, but I like to believe that the bear market is already over and we are in the bullish market now. Thanks for giving an effort making this analysis, quite short one but this helps people believe that bear is over. As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?! I am not saying that a new bull run will start soon but there are many signs that we might see a trend shift soon. As stated before in short term there might be a correction, and it can be a big one (a test to $4200) IMHO the next bull run is still far away, my prediction is that we might see a similar 2017 bull run probably in 2021 I have a similar speculation as well that the big bull run that we all have been waiting for will happen in 2021. Remember that the market works in a 4 cycle run because of the block halving. So after the block halving in 2020, we might see the price picking up, but the massive bull run will occur the next year after. So we need to stash our wallet right now because the price is cheap. It doesn't mean that we should but 1 BTC right now, just a small portion until you became a member of that 1 BTC club. |
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iqlimasyadiqa
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May 06, 2019, 03:14:59 PM |
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The market is actually getting better but we can't really say that the bull market is really approaching because this has happened before. There are still lots of things to happen in the future so we can't conclude anything but the increase is favorable for those who are patiently waiting for the bull run. Positive signs are visible and it's another indication for us to keep buying Bitcoins.
market situation It will never be known so that we need to do is try to make the best decision possible. we will not always lead to Negative markets and we will not always lead to positive markets. we must take advantage of every momentum that exists, the world of trading requires speed and accuracy in every decision we make. |
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rizkyhiw
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Merit: 1004
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May 06, 2019, 03:20:47 PM |
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I will not react quickly with that and maybe it can be the same as the previous chart and we are a little optimistic that hopefully it can improve as we say, we are still on the road a long time, we are waiting for good momentum to repeat, the bear market may end again fast and bullish markets have returned but there is no distance to be taken in the future.
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Gozie51
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May 06, 2019, 03:41:46 PM |
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This chart on Op open can be used to depict a possible upward movement that is about to finally take effect soon. I think the candles are looking like having price action.
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fudster
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May 06, 2019, 03:49:05 PM |
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There is an uptrend that is just it, the bear market being over still is an speculation. It can still go back down to $3k, this uptrend can be disrupted with just another news about regulations and banning BTC or crypto. There is no warranty until we see prices rich its previous ATH. Price of BTC can take another year or two before it could go up to $10k
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traderethereum
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May 06, 2019, 03:53:16 PM |
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It is true that bitcoin has been bullish over the past few weeks, but what about other altcoins they have still been suffering, so we can't say that the bear is over. It would take some time.
Yes, altcoin still suffering but for some altcoin, they are starting to increase the price slowly and no matter where bitcoin goes, the coin still trying to increase. That altcoin needs to see the next bull market, and that will happen for sure, but unfortunately, we don't know when it's happening. The bear market still there and make the market still moving without anybody can predict. Like what we see on bitcoin in this month, the bitcoin price still up and down in many times but that is good for people who could see the chance to buy at a low price and sell at a high price. |
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Pamadar
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May 06, 2019, 03:59:32 PM |
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it is not that easy when the enire market is still suffering from the previous dumps, it is still not be able to stand against the stronger dumps in the future, so as an investor, i will not so soon invest all money into this situation but may be alittle longer when BTC is higher and altcoins are more stable than before, BTC still have the chance comeback to test 5000$ and get back to 6500$ again.
Anything can be possible as there's no real assurance if which directions the market will bring us, but with the patterned that was showing I also believe that in most cases history repeat itself, the market movements that happened last 2017 can also happen this year or the following, we are speculating and we should always decide from our own observations, use this as guidelines and continue to study the market movements. |
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