What is behind the past few days of rally?

[lixer]

There are rallies and bears going around all the time, you have this insane idea that bitcoin price has to keep going up, some people think like that, like bitcoin owes them some increase, it doesn't. Bitcoin could go from 10 thousand to 5 thousand to 20 thousand all the time and there is nothing we can do to stop it from doing it. Hence sometimes there are rallies and sometimes there are not and that is how the nature of bitcoin shapes up.

There is no need for a reason to rally honestly, bitcoin can do whatever the hell it wants and we would just watch it and be incapable of stopping it. If it wants to rally it will, no news no person no logic will stop it from rallying if people just get hyped and start buying all at once. That is why stop fighting it and just go along with it.

[EdenHazard]

I have made an experiment. I was checking the CMC information every hour for the whole day, and during this time, most cryptocurrencies managed to change their "color" several times. It is extremely difficult to catch the right moment where to trade if you deal with day trading. It has become too stressful.
Nobody stands behind these fluctuations: traders behavior makes these corrections often.

These market swing is indeed quite complicated to understand, besides how china-US trade war take a big impact.. I'm sure the confusion in-between makes most people prefer to cash the money out with the current uncertain situation.

I do get a huge loss by trading on ethereum and litecoin, not even an arbitrage works this time. Everything seems moving on opposite direction.

I thought since few weeks ago it was a support stress testing , a correction. It seems I'm wrong now. The bear rally is happening...

[barbara44]

There are rallies and bears going around all the time, you have this insane idea that bitcoin price has to keep going up, some people think like that, like bitcoin owes them some increase, it doesn't. Bitcoin could go from 10 thousand to 5 thousand to 20 thousand all the time and there is nothing we can do to stop it from doing it. Hence sometimes there are rallies and sometimes there are not and that is how the nature of bitcoin shapes up.

There is no need for a reason to rally honestly, bitcoin can do whatever the hell it wants and we would just watch it and be incapable of stopping it. If it wants to rally it will, no news no person no logic will stop it from rallying if people just get hyped and start buying all at once. That is why stop fighting it and just go along with it.

I understand every of your point, but you still have to remember that there is no bitcoin without you, bitcoin is not human to act on its own, whatever price action you see in bitcoin is as a result of our activities, if none of us out money in bitcoin, or use bitcoin for anything, bitcoin will never have seen the light of the day, and remember, aside the fact that Bitcoin’s usability is the main key, it also promises to serve as store of value to people that will use it for investment purpose.

When it comes to anything store of value, it is expected to appreciate and then give the believer or the holder the benefit of choosing the system to use as store of value, so my brother, bitcoin really owe people for making the system what it is today and if you ask satoshi, I am sure all he will do is to appreciate people and not kind of castigating them or making feel less important like you are doing.

[HELLOFF]

I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green.  Although all my hopes may not be crowned with success, yet I heed the statements of authoritative analysts.

[elda34b]

I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green.

Almost everyone shares the same sentiment. Well, if Bakkt doesn't happen again, I'd expect full downhill to 6k level or so. Not so surprising if that happens.

It seems like a lot of people are selling some of their holdings to anticipate the 6th of September. Save some profits instead of gambling all of their money you'd say.

[sana54210]

I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green.  Although all my hopes may not be crowned with success, yet I heed the statements of authoritative analysts.

I think this September is really pregnant with loads of surprises for the cryptocurrency market which is due now, I see this bakkt future news, I see gram releasing their coin and some other news of launching that I have heard for this September and I am sure they will all play their own role in making the value of bitcoin cross some certain barriers.

I would really not be surprised if by the end of September, the price of bitcoin docks at  $15,000, we might think that it is not possible, it is absolutely possible and I can't wait for many of us to see it based on some personal analysis that I have done also which i would not like to impose on people, I dint like speculating out, but I just know that September is the beginning of the bull run of many coins in the market.

[joelsamuya]

I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green.  Although all my hopes may not be crowned with success, yet I heed the statements of authoritative analysts.

I think this September is really pregnant with loads of surprises for the cryptocurrency market which is due now, I see this bakkt future news, I see gram releasing their coin and some other news of launching that I have heard for this September and I am sure they will all play their own role in making the value of bitcoin cross some certain barriers.

I would really not be surprised if by the end of September, the price of bitcoin docks at  $15,000, we might think that it is not possible, it is absolutely possible and I can't wait for many of us to see it based on some personal analysis that I have done also which i would not like to impose on people, I dint like speculating out, but I just know that September is the beginning of the bull run of many coins in the market.

While August is known as the ghost month, in September there can be a rosy field all waiting for all of us or so I am hoping. Bitcoin is such a beast so difficult to predict on how it will be behaving as there are times when its movements were defying logical explanations. Personally, I am maintaining a very positive vibe on Bitcoin despite some setbacks it might be encountering along the way. I am more optimistic for Bitcoin next year rather than within 2019.

[Zemomtum]

Nothing is behind the move as at present, Bitcoin is following technical alignment. We might see a deep down before any uptrend again. So, we need to put stop tools in place to avoid sudden deep of assets categories

[pieppiep]

I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green.  Although all my hopes may not be crowned with success, yet I heed the statements of authoritative analysts.

I am not sure if the situation can be changed at the end of September because bitcoin still not increase so high. The highest price bitcoin can reach so far is around $12k, but we have the experience to see bitcoin price getting dump so hard and this time, bitcoin price still at $9k level. But that will be different if we talk about in the next year because bitcoin in the next year will get halving so there is a possibility to see the price will pass $15k or even it could reach the highest price. The situations are still unpredicted as we don't have a crystal ball to know what will happen in the future. But I still believe that the bitcoin price will be increased in the future.

[gaston castano]

yes I think so, and now the market is in the midst of sluggish conditions, even worse in the past 1 week there was no increase, I trade for a few days and get a defeat, I feel I have to temporarily exit this market and wait for the right moment to reenter .

[clickerz]

yes I think so, and now the market is in the midst of sluggish conditions, even worse in the past 1 week there was no increase, I trade for a few days and get a defeat, I feel I have to temporarily exit this market and wait for the right moment to reenter .

 Last days rally maybe was due to some good news coming from institutional investors, bakkt volume, unicef acceptance and so forth. But market is so toxic right now, BTC and Eth drop further which is sad for the traders but an opportunity for those who are hunting for it.

 Past days rally was countered by this days bearish scenario. But its always a cycle,  lets just wait for the market rebound.

[boltz]

We are witness the end of the bear market guys , just hang tight and have patience , don't panic sell as the market could make a swing anytime now but don't expect parabolic rises in the next days or until the end of the year as bulls needs to make further buy orders in order to make sure everything will be okay.

I said in my previous posts , in my opinion the bear market ended on 15th October when the W was made on the charts leading to bitcoin drop again and switching positions from bear to bull. Lets wait and see as we had so many red days with cryptos ...its time to switch to green.

[carriebee]

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

Maybe because there's many buyer of bitcoin now or some whales create this rising of the price. What ever it is the reason of the green in the market let's be thankful because it's mean there's a chances of bull run. Even though the price now is of other coins is down its a opportunity to other's to buy in the market. Be more observer because there many things to happen in next few days or weeks,market always surprising us.

[1Referee]

I trade for a few days and get a defeat, I feel I have to temporarily exit this market and wait for the right moment to reenter .

That's the right decision. It takes some self-awareness and discipline to actually come to that point and stick to it. It's completely and utterly pointless to force yourself to trade a market in its current condition. This is how a lot of wannabe traders end up broke because they somehow think that you have to trade every single day as trader.

It won't take long before we get a big 5-10% move (likely before friday), but I'm afraid that it won't be a move people will appreciate. I don't know how people still look at the positive side of the market with how there is nothing positive (unless you're short and look to accumulate spot coins) about it at all. We have had confirmation after confirmation that the market shifted from bullish to bearish.

[Xxmodded]

Green candle just few day and now bitcoin or altcoin price back red candle, how long bitcoin still down with many update news discuss bitcoin on October back to $20k, maybe impossible with prediction bitcoin to higher because today bitcoin still with $8k where so far with bitcoin price prediction giving by some one who accurate for prediction bitcoin price last years, many possible happen with bitcoin but for raise to $20k in this less possibility for happening.

[smyslov]

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

You made a right prediction price is still falling, it's been two months of not having a good movement in price, if you happen to attached feeling on the price, you'll have a roller coaster ride and this will cause you anxiety in the long run.
Honestly, I don't want price to stabilize in this level I want to see the price in another all-time high and stabilize there even for a few months but not at this current price.

[Apes]

in the last few days bitcoin fell approximately $ 500, now bitcoin is currently at $ 8K and in my opinion this is the lowest point in the last few days, there are two possibilities that the next few hours the price will fall down or bounce pumping again, I personally believe $ 8K is the point the lowest and will bounce at least touching $ 9K.

[Google+]

I think today happiness is gone because the market conditions are red again and the price of all coins at the exchange place falls, when prices fall like this in my opinion there will be many traders who will panic and will sell their assets at lower prices.

[Murat]

After passing for almost two months, I think this post was right and still the price of Bitcoin is falling down, who knows what's happening inside this system? day by day it's getting a normal case that the price of Bitcoin always ups and downs, so we can't figure it out actually why this thing happens most of the time. This should be fixed and the price should be also stable otherwise people will get lose the interest of this platform, this type of market manipulation is hampering the popularity of both Bitcoin and cryptocurrency platform, I predicted that the October will bring some positive trend but yet the time hasn't come and we are still losing hope of the Bitcoin price.

[EdvinZ]

Some analysts argue that we are still in the stage of price correction after a sharp rise in value from 3K dollars to 15K. It is Possible that 7-8K dollars is the bottom for bitcoin, but there are also suggestions that for the next hypothetical rally, the price of Bitcoin should collapse even lower. Now traders have a great opportunity to start buying Bitcoins in small proportions, leaving cash in case the price goes even lower.