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Author Topic: So are we in bullish times or Not??  (Read 765 times)
pawanjain
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March 05, 2020, 02:04:12 PM
 #81

Things don't always go according to what we want, especially in the crypto market.
Crypto market always works on demand and supply. If there is a good reason for people to buy crypto then the demand will increase which will spike the bullish trend. Right now, the upcoming halving is a good reason and I think this is why BTC was raised to $10k.
May be people took profits and hence it had a fall in the price but I see bitcoin slowly recovering in price.
If we see more positive news in the market then may be the stability will increase and we may see more increase in bitcoin's price.

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Ridwan Fauzi
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March 05, 2020, 02:31:44 PM
 #82

Give me some expert who really expert who know what will happen in the future. I will ask them directly about bitcoin price and I believe they only use their prediction and you should know what the prediction means.

This is trading section, so you have to know on what the trading function to get an income. Actually, you can make your own analyst by yourself and you didn't need to have an expectation from someone's else prediction.

Just see the sentiment market, I mean you need to know the movement price by chart and you need to know through fundamental analyst as well to strengthen it. You will be tired if you just rely on someone else and follow what someone else did.
whyrqa
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March 07, 2020, 04:27:36 PM
 #83

Give me some expert who really expert who know what will happen in the future. I will ask them directly about bitcoin price and I believe they only use their prediction and you should know what the prediction means.

This is trading section, so you have to know on what the trading function to get an income. Actually, you can make your own analyst by yourself and you didn't need to have an expectation from someone's else prediction.

Just see the sentiment market, I mean you need to know the movement price by chart and you need to know through fundamental analyst as well to strengthen it. You will be tired if you just rely on someone else and follow what someone else did.
Several times I made impulsive decisions that were incorrect and which were provoked by various information on the network, as well as due to some statements by certain experts.  Based on this, I realized that you should always weigh any information that is conveyed to you and you should not trust all experts who can express their opinion and nothing more, while not giving examples of any facts in support of their words.

#business #forextrader #bitcoinnews #invest
coinfinger
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March 07, 2020, 06:32:03 PM
 #84

Not really, the market can’t go up without going down at a certain time. There are times the market will seem bullish and when it reaches a price it will drop back to a lower rate and it just continues like that. I’m only waiting for the 3rd Halving to take place on May, I guess on 12th or so, and that’s when the main bull run is likely to take place; likely because I am not hundred percent sure about it.

Can’t really wait till then to see what happens, it’s really been quite a long time since people were making their speculations about a bull run lol. So, back to what I was saying, there are times the market can be more of bullish and right now the market is back to being bullish as it has managed to get out from the $7000 fall and back up to $9,100.
South Park
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March 08, 2020, 05:38:06 PM
 #85

Things don't always go according to what we want, especially in the crypto market.
Crypto market always works on demand and supply. If there is a good reason for people to buy crypto then the demand will increase which will spike the bullish trend. Right now, the upcoming halving is a good reason and I think this is why BTC was raised to $10k.
May be people took profits and hence it had a fall in the price but I see bitcoin slowly recovering in price.
If we see more positive news in the market then may be the stability will increase and we may see more increase in bitcoin's price.
It does not seem to me the market is trending anymore, we are seeing some important movements but as soon as there is a movement in one direction it is immediately countered by a movement in the opposite direction, we had a few positive days and now we had two negative days that have basically evaporated any profits people had during the previous days, when the market is moving like this it is preferable to stay out of this if you are a swing trader but if you are a day trader these can be great conditions to trade since there is a lot of daily action you can use to your advantage.

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Yamifoud
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March 08, 2020, 10:26:09 PM
 #86

Not really, the market can’t go up without going down at a certain time. There are times the market will seem bullish and when it reaches a price it will drop back to a lower rate and it just continues like that. I’m only waiting for the 3rd Halving to take place on May, I guess on 12th or so, and that’s when the main bull run is likely to take place; likely because I am not hundred percent sure about it.

Can’t really wait till then to see what happens, it’s really been quite a long time since people were making their speculations about a bull run lol. So, back to what I was saying, there are times the market can be more of bullish and right now the market is back to being bullish as it has managed to get out from the $7000 fall and back up to $9,100.
I was amazed by how the market price uplifted to high but sorry because I'm not really convinced that we are finally in the bullish.
Though the price is already doubled when we compare last year but couldn't be enough to consider it. We are still below $10k and in myself, I still consider it as a normal price inclines not a bullish one.

The look of halving event are quite not that strong (for me) unlike of the previous halving. It was just a coincidence that we started great this year and it eventually dragging us to think that it is because of upcoming halving but I don't see any instances that may cause this one. To conclude, we are still not yet in the Bullrun but hopefully, it may happen this year.
rexxarofmoknathal
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March 08, 2020, 10:29:31 PM
 #87

Things don't always go according to what we want, especially in the crypto market.
Crypto market always works on demand and supply. If there is a good reason for people to buy crypto then the demand will increase which will spike the bullish trend. Right now, the upcoming halving is a good reason and I think this is why BTC was raised to $10k.
May be people took profits and hence it had a fall in the price but I see bitcoin slowly recovering in price.
If we see more positive news in the market then may be the stability will increase and we may see more increase in bitcoin's price.
It does not seem to me the market is trending anymore, we are seeing some important movements but as soon as there is a movement in one direction it is immediately countered by a movement in the opposite direction, we had a few positive days and now we had two negative days that have basically evaporated any profits people had during the previous days, when the market is moving like this it is preferable to stay out of this if you are a swing trader but if you are a day trader these can be great conditions to trade since there is a lot of daily action you can use to your advantage.

In light of this original post being made days before the recent crypto market crush, it is fair to say that until today we were in a slow but somewhat progressive rise but given today's circumstances the opposite is true.

I do agree that no matter in which direction the market is heading the opposition/resistance follows almost immediately but the danger with that is that nobody knows exactly how strong these resistance points are. At the moment $8000 seems to be it, but because nobody knows when, or if it will go below that, people are still in the risk zone for both buying and selling, thus the market remains as indeterminate as ever!





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