Bull or Bear season for crypto?

[BitHodler]

Meaning we could potentially decline to the $5,000s and still comfortably be a in a bull market.

It's all relative at the end of the day. If we fall to $5k then it's possible that what we have seen this year was a bull run within a multi year bear market. I would consider a revisit of $5k to be super bearish.

In that case I wouldn't even rule out a retest of the 2018 low of $3.1k. We have gone up too hard without building any support so don't be surprised if we go back down in a similar fashion.... a reverse bull run that is.

When the price goes down even those who bought higher will have a breaking point and dump their coins out of frustration.

[Bitcoinwaist]

Meaning we could potentially decline to the $5,000s and still comfortably be a in a bull market.

It's all relative at the end of the day. If we fall to $5k then it's possible that what we have seen this year was a bull run within a multi year bear market. I would consider a revisit of $5k to be super bearish.

In that case I wouldn't even rule out a retest of the 2018 low of $3.1k. We have gone up too hard without building any support so don't be surprised if we go back down in a similar fashion.... a reverse bull run that is.

When the price goes down even those who bought higher will have a breaking point and dump their coins out of frustration.

i agree with you in regards to being a bull within a bear, but I disagree about support. At this point in time if bitcoin hasnt built solid as a rock support in the $4k-$6k area, there is never going to be any support at any price.

[btc_angela]

I don't want to be negative, but it looks like the bear has somewhat sting the bulls in recent days and they could be in control at least at this point. I agree that we are in the oversold region for quite sometime now, but to see the price totally pull on the $8k levels today, it's possible that we could revisit the lowest low we have so far last year @$3k and this could be worst for everyone here, so just prepare for anything.

[TriplexXx]

The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?

Definitely a bear market. the market is going down, people are cashing out and altcoins are down to hell. When the market is bullish you can see coins gaining 10%-20% per day. Everybody is buying crypto during bullish market because there's profit everywhere.

[Heimer]

The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?

Definitely a bear market. the market is going down, people are cashing out and altcoins are down to hell. When the market is bullish you can see coins gaining 10%-20% per day. Everybody is buying crypto during bullish market because there's profit everywhere.

It's sad but true. We are going sideways hovering somewhere between $10k - $8k but if you zoom out BTC charts you can clearly see that overall BTC is going down. But I must say that you're totally wrong about bullish markets - 10% - 20% gains are unobtainable and are just unhealthy for organic growth

[barota]

honestly. i think we're in the bear market even bitcoin will continue fall till end of april 2020 ; then it will start recovery little
the crypto generally growed a lot since the big fall last year without some good correction
we may expect domination of down trend for next months

[CarnagexD]

Its hard to determined what is the season right now but as of now I think we experiencing bear market especially a lot of cryptocurrencies are on downtrend. We are now in the last quarter of this year 2018 and we expect that it will be the start another bull run and I hope it will totally happen so it will be a great time to all traders and investors.

[Republikcoin.com]

I don't want to be negative, but it looks like the bear has somewhat sting the bulls in recent days and they could be in control at least at this point. I agree that we are in the oversold region for quite sometime now, but to see the price totally pull on the $8k levels today, it's possible that we could revisit the lowest low we have so far last year @$3k and this could be worst for everyone here, so just prepare for anything.

since yesterday the price of bitcoin fell to the range of $ 7k, it made many people panic, and it shows that we are currently in the bear market zone. however, at the moment bitcoin prices are recovering slightly and going up to around $ 8k. Well, we really have to prepare for any conditions, but I started to feel that this month the price of bitcoin will recover and we will enter the bull market zone.

[kentrolla]

honestly. i think we're in the bear market even bitcoin will continue fall till end of april 2020 ; then it will start recovery little
the crypto generally growed a lot since the big fall last year without some good correction
we may expect domination of down trend for next months

I feel it's too early to comment on anything as of now due to the trend which crypto is going through for past one year or so, we were expecting a bull run during December which never happened, when the market was recovering it was not all the altcoins which recovered rather it was just bitcoin and then ETH to an extend and the market situation remains same for altcoins which it was last year with exceptions that some of the coins are already dead.

[senne]

Descending triangle pattern was in the formation and yesterday monthly close invalidated it and the pattern got inverted. This is a bullish signal and the correction which happened because of the underwhelming response from the Bakkt has been exhausted. Bulls have taken over the market back again.
Short term signals are bullish. Though the panic index is increasing but that is more of a lagging indicator.

[joshv06]

Right now its very hard to judge the market situation from the past 1 year we never seen some specific changes in the top coins apart from BTC and ETH which showed some descent improvement after a bear market last year. Bakkt launch was a big expectation for the investors but things didn't go well and we are again facing some major downfall in BTC these days as well. let's believe things will bounce back soon and will see a pump in upcoming days.

[Rufsilf]

Right now its very hard to judge the market situation from the past 1 year we never seen some specific changes in the top coins apart from BTC and ETH which showed some descent improvement after a bear market last year. Bakkt launch was a big expectation for the investors but things didn't go well and we are again facing some major downfall in BTC these days as well. let's believe things will bounce back soon and will see a pump in upcoming days.

It seems right, and we can't greatly expect that this Bakkt will give a positive impact on the market.
Have we failed our expectations again? It is like to see that we are in between the bullish and bearish season, not quite that bad and we could still making money around. We are might be desperate because we never saw bull run again but again, we can't dictate the market as it runs according to the market demand.

[teosanru]

The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?

Market is never objective it's always subjective so looking at the current scenario all I could say is that we look bullish shorter time frames which are the 1 hour and 4 hour time frames. We look strong and upward trending on these charts. While when it comes to long term charts like the daily we are sort of bearish. While when we see weekly chart we are moving sideways. So depends upon your time interval market is dropping different types of hints. So make your decision accordingly.

Descending triangle pattern was in the formation and yesterday monthly close invalidated it and the pattern got inverted. This is a bullish signal and the correction which happened because of the underwhelming response from the Bakkt has been exhausted. Bulls have taken over the market back again.
Short term signals are bullish. Though the panic index is increasing but that is more of a lagging indicator.

Rightly said you can check out the same interpretation made posted here by me yesterday : https://bitcointalk.org/index.php?topic=5188889.msg52607399#msg52607399

[White sugar]

The bitcoin price runs in 4 years cycles, at least since its beginning. If it doesn't change, then 2019 should be more or less like 2015, that is, a relatively boring year of recovery in price with a mini bull run by the end of the year. The bottom should be around $5k and a few months ago, but the value is yet to be seen.

In my opinion hodl and buy would be the best strategy, because ends of year are always bullish. Then diversify a little in the altcoin markets next year and wait the next mega bull run that should happens in the year 2021.

[exstasie]

Meaning we could potentially decline to the $5,000s and still comfortably be a in a bull market.

It's all relative at the end of the day. If we fall to $5k then it's possible that what we have seen this year was a bull run within a multi year bear market. I would consider a revisit of $5k to be super bearish.

You wouldn't be the only one. And it would certainly feel bearish. In Elliott Wave terms, the rally from $3K to $14K may have been Wave 1 of a bullish impulse. That would put us in a Wave 2 pullback right now. Wave 2s can go very deep because there is confusion about the direction of the trend.

I don't expect to see the $5000s but that's the bottom range of a "normal" Wave 2 retracement. I would also be looking to the mid-$5000s, where the 0.786 level and the upside pivots from this past spring are rather than $5K.

[1Referee]

In my opinion hodl and buy would be the best strategy, because ends of year are always bullish.

Last year's end wasn't bullish at all. A lot of longs were crushed when we fell from $6000 to $3000 while people expected a bull run. I get where you are coming from where usually, seasonality kicks in in the fourth quarter, but it seems that the market had other plans last year. I was expecting the price to go up too and paid the price for it. 

Then diversify a little in the altcoin markets next year and wait the next mega bull run that should happens in the year 2021.

I would only consider going long on altcoins when they have consistently been indicating that the trend has actually changed. Right now that is not the case so I rather don't touch any. People have been trapped two or three times now with the altcoin pumps thinking altcoin season started.

[Silberman]

The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?

At least to me the market is neither in a bull or bear state, you must understand that the markets cannot be crashing or going up all the time, so it is very likely that we are going to stay close to the current levels for months, if you are an investor this is a great opportunity because you will have many months of stable prices that you can use to buy bitcoin or any cryptocurrency that you may like but if you are a trader this means that your profits are probably going down during this period.

[el kaka22]

Right now? It is obviously a bear season. I am not entirely sure what constitutes a bear season tho. Like for example, if only whales sold bitcoin and price went down, is that whale too? Or does it have to be many people selling many bitcoins and the people thinking bitcoin is not good for business right now?

I feel like we should consider the % drop as well, 20% drop is not a bad one and could be considered a bear season but it didn't moved much ever since so it is not keep going down, is that bear season as well. We all know we are not in a bull season right now, that is at least guaranteed because we have gone down 20% in the past 10 days, which means we are not in bull but just because we are not in a bull season how can we say it is automatically bear season all of a sudden.

[aysg76]

The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?

Bull and bear are long-term trends. Trends are often develop over long period of time. For example, in year 2017 Bitcoin rose by 400% so we can Bitcoin was in bullish trend in 2017. What you are asking is short-term trend. In short period, we can't say anything is bullish or bearish. Rather we can use the terms like rallies. So yeah, if you asking for now , I would say we can see another rally coming and Bitcoin price may jump above $10K again in October.

[Beparanf]

Trend classifies in a continues movement in a span of time, like keep on increasing or declining. We can't say that the market now is bearish since not all altcoins remain bloody in a day or two same with being bullish. I myself considered atleast a week or months to identify the trend. It is for not to feel so worried everytime the prices drops.