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Author Topic: So are we in bullish times or Not??  (Read 826 times)
Polo7 (OP)
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February 25, 2020, 04:58:49 PM
 #1

There is news that 2020 is so good for bitcoin and bla h.. Blah.. Bla.

But btc still Low just 9k.

So all the crypto experts talking we are in bull market ;

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!

Id like to get Answer... Are bullisj or Not?? 


Id like to hear what the experts think about this?



Thank You!
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February 25, 2020, 05:40:17 PM
 #2

There is news that 2020 is so good for bitcoin and bla h.. Blah.. Bla.
A good year for Bitcoin doesn't necessarily mean an increase in price. A good year mostly consists of continued development and increased adoption.

But btc still Low just 9k.

So all the crypto experts talking we are in bull market ;

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!

Id like to get Answer... Are bullisj or Not?? 
Here's a tip: Stop listening to the so called "crypto experts" because no one really knows what's going to happen with the price. Don't be so impatient.

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February 25, 2020, 06:21:30 PM
 #3

Strictly it was a healthy correction to liquidate so many longs as there was a $10 million order on $10k to short BTC as some whales are still trying to make their moves to make more money when these levels are available to short squeeze the markets and make higher percentages when there are still some possibilities to stop longs from going up quickly. And as I said in my old posts, $8600 seems to be a fair price from which BTC will shoot up again and reach $14500 and remain steady there for some time before cracking a new ATH.

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February 25, 2020, 06:31:57 PM
 #4

There is news that 2020 is so good for bitcoin and bla h.. Blah.. Bla.

But btc still Low just 9k.

So all the crypto experts talking we are in bull market ;

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!

Id like to get Answer... Are bullisj or Not?? 


Id like to hear what the experts think about this?

Thank You!
Why such on a hurry? No one can answer you out if the market would be green or red. Bullish or bearish yet this had always been the question of many
yet we know on how unpredictable the market is. Do you really consider 9k as a low price? Consider it on the other side if you do able to see that we've dropped low
on 3k and now we are on 9k which isnt pretty bad at all or it isnt low either. The thing why there are positive sentiments out there is due to upcoming btc halving
where people do believe on positive movement throughout the market but this one isnt still guaranteed.

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February 25, 2020, 07:29:57 PM
 #5

There is news that 2020 is so good for bitcoin and bla h.. Blah.. Bla.

But btc still Low just 9k.

So all the crypto experts talking we are in bull market ;

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!

Id like to get Answer... Are bullisj or Not?? 


Id like to hear what the experts think about this?
The trend has been positive so far, but we have once again clashed against the 10500 level just as we did in October of 2019 the only difference was that this growth was much slower than in October, 10000 is a huge psychological barrier and until it is broken for good any chance of a bull market is zero, however I do not see the problem with this, you could have easily earned some profits taking into account the slow speed of this movement, however once we break the 10000 barrier we will have another psychological barrier to break and that is the 20000 level and you can expect a fierce battle once we come anywhere close to that level.
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February 25, 2020, 09:01:35 PM
 #6

Why you are hearing people’s thought? Why don’t you make your own research. Traders are hoping that 2020 will be good year for crypto,they didn’t tell that it will be 100% sure.But this year is not finished yet.Still we have 10 months,do you know about 2017 market? Don't lose your hope.it will be Alright.Also don't Trust anyone’s prediction,make your own.     

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February 25, 2020, 09:57:35 PM
 #7

We cannot see bullish in pure green because correction can still happen but if you look at the long term price trend you’ll see that the price is indeed moving up. We reached the $10k level and now we are down for a moment, but don’t panic because this can be a good correction so we can still buy a cheap bitcoin, after this the market will rise again.

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February 25, 2020, 10:04:07 PM
Merited by harizen (1)
 #8

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!

Id like to get Answer... Are bullisj or Not?? 

The short term picture is still leaning bearish:

It's obvious we're experiencing a short term bout of downward pressure. Like David, I think the most likely scenario is a dip towards the upper $8,000s or $9K area:


In my opinion, this longer term picture is still intact:

A typical 1.618 extension of Wave 1 target = $12,700. Testing the 2019 highs by April appears possible now.



You need to have some patience. Markets in a nutshell = patient people taking money from impatient people.

Impatient people are selling in the $9,000s right now because they can't wait for the exponential increase that's probably coming in March or April. Wink

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February 25, 2020, 10:07:25 PM
 #9

But btc still Low just 9k.

What's should be the price so that you can consider it "high"?

There is news that 2020 is so good for bitcoin and bla h.. Blah.. Bla.

Generally, good for bitcoin - adoption, trends, recognition, etc.

Price should follow but it won't happen overnight.

So all the crypto experts talking we are in bull market ;

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!


Isn't it usual already that once the price started an uptrend, we can read some analysis that it's now going BULLISH? And if the price experience a downtrend, it's now going BEARISH?

Experts can make a speculation of what will happen based on what the indicators will lead into but it doesn't mean it's accurate. That's where the reference point of most traders. Crypto is volatile and there are lots of times it destroys and wrecked a professional and well backed-up analysis. It does mean that there are lots of factors to consider and not just relying on these so-called experts prediction.

Is the market Bullish? Bearish? Actually you have your own analysis for it. However, if you are not that type of person that doesn't want to do some research, then the best thing to do is to remain patient and just "trust the process".

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February 25, 2020, 11:39:03 PM
 #10

There is news that 2020 is so good for bitcoin and bla h.. Blah.. Bla.

But btc still Low just 9k.

So all the crypto experts talking we are in bull market ;

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!

Id like to get Answer... Are bullisj or Not?? 


Id like to hear what the experts think about this?



Thank You!
2020 is when bitcoin will be halving again, approx in may 2020. With that rumor, people are starting to believe if bitcoin will be rise so high or even higher than Bitcoin ATH before. We also have seen many days ago when bitcoin surpassed $10k (but down again for now to $9.5k) and stable for a while.
But i believe we can't decided when bitcoin will be on their bullish until their price dropped from ATH
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February 26, 2020, 12:27:47 AM
 #11


I am short term bearish for Bitcoin now since we still hold above $9,000. With having sideways between $9,000 and $10,000 this good be good for Bitcoin to break above $10,000.
As we can see the Relative Strength Index (RSI) which is oversold now on daily timeframe, this could be good news for those who are buying and to add more bitcoins to their bags.

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February 26, 2020, 03:34:31 AM
 #12

We cannot see bullish in pure green because correction can still happen but if you look at the long term price trend you’ll see that the price is indeed moving up. We reached the $10k level and now we are down for a moment, but don’t panic because this can be a good correction so we can still buy a cheap bitcoin, after this the market will rise again.
I have the same thoughts as you, I also think the current price reduction is only a correction, so this is a good opportunity to buy as many Bitcoins as possible. Towards Halving later many people predict the price of Bitcoin will increase to 15k, and I think that is a reasonable prediction.
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February 26, 2020, 04:17:34 AM
 #13

So all the crypto experts talking we are in bull market ;

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!

Id like to get Answer... Are bullisj or Not?? 

Id like to hear what the experts think about this?

Yes, we are in the bull market, and if we compare with the previous years, we see the market can move to a higher price, although right now, the bitcoin price is down than a few weeks ago. But for the long term, bitcoin prices will increase, and the bullish market will happen soon, so we need to be ready for that moment.

We will see the green candle appear in the market, but meanwhile, we need to be patient for more because bitcoin price just declines to increase, and we need to wait for a while. You need to analyze by yourself, don't listen to other people's predictions, but you can use their prediction to analyze deeper so you can get more signs about the market.

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February 26, 2020, 04:33:54 AM
 #14

~snip~

Today there is an effect created by the coronavirus worldwide, it has caused some stock market actions to have fallen in price, bitcoin has not dropped much, but this type of event was never expected to be planned, as this changes the things, maybe if bitcoin starts to rise it is because it can be seen as a haven of value, such as gold, but everything in the Bitcoin market can happen, I think the long-term effect due to the coronavirus will cause a price increase Bitcoin

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February 26, 2020, 05:07:45 AM
 #15

Maybe because waiting too long makes many traders who immediately draw conclusions that at this time is a bullish trend can be right but there is also the possibility of wrong.
I just see that this time is the opportunity to collect more BTC and added to my portofolio from swing trade.

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BlackFor3st
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February 26, 2020, 05:15:47 AM
 #16

There is news that 2020 is so good for bitcoin and bla h.. Blah.. Bla.

But btc still Low just 9k.

So all the crypto experts talking we are in bull market ;

So are in bull or Bear market what is the market situation?
If we are bullish then let.me see Green good Green!!

Id like to get Answer... Are bullisj or Not?? 


Id like to hear what the experts think about this?



Thank You!
I love your thinking to see a solid green rather than a red market but if you will closely monitor the price of the market. The top 4 currencies are acting the same if you will base to their last 7 days graph which is pointing downward and I am sure that you will not like it as red is present while green is absent.

But if you are a solid crypto supporter then you will not worry to this kind of happenings as it is only normal on how the market flows, as you can see the increase of price in less than 2 months from January to February 2020 are 30% and up to most of the potential currencies. So the market is still doing good for bull season to come, a little push and we can safely reach the bull season presence.

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February 26, 2020, 05:52:05 AM
 #17

I think that last month or so we were in a neutral market and now we are in a bull market. I just think that we need to correct for a while before proceeding higher. Remember how crazy the funding rate and futures premiums were a week back or so. Obviously a correction had to happen.

The open interest is still very high which means that traders are still in their long position. When the OI keeps reducing in a falling or sideways market then its considered bad and might turn bearish or just trade sideways. However I am currently not seeing that.

I think we will keep rallying up until the halving and then who knows. Might be a "buy the rumor sell the news" type of event and lead to a reversal.
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February 26, 2020, 07:40:04 AM
 #18

I think that last month or so we were in a neutral market and now we are in a bull market. I just think that we need to correct for a while before proceeding higher. Remember how crazy the funding rate and futures premiums were a week back or so. Obviously a correction had to happen.

Yup, and there's another obvious reason why the market corrected:



I've been saying for a while, bears were going to make their last stand somewhere below the October 2019 pivot. It's the only way they could maintain this Dow theory narrative that the market is still in a long term downtrend:



I think we will keep rallying up until the halving and then who knows. Might be a "buy the rumor sell the news" type of event and lead to a reversal.

My opinion: rally through March and dump in April, weeks before the halving.

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February 26, 2020, 08:55:05 AM
 #19

The market has been bullish this year, when the price is going up then it’s bullish and when it starts to fall, then you know that the bears has taken over the market. And as time goes on if the bulls fight and defend the price, it will rebound and increase to another high price. That’s just how it keeps going.

You should have checked the price we hit before the end of 2019, but the bulls were able to push the price aggressively and it went up to $10,000 before dropping to the current $9,000 plus price. And I am not expecting the main bull run to start now till after the next halving which is going to take place on May 14th or so. After then we should be looking out for the main bull run.

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February 26, 2020, 09:36:02 AM
 #20

What your intention to know bull run or not?

Seeing your trust rating you try to promote scam and ponzi project, is that true?

So I will guess that you want to know the bull run or not it just because you will promote your scam/ponzi project, right?

When bull run comes the investors are tend to not look the ins and out about the project. They will choose a project randomly because at that time you wll be profitable with any project.
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