Is it bearish season yet?

[STT]

Bears out of hibernation, autumn might be more dangerous.    We're back to the weekly average here which can be important to note in momentum terms:



If we close below here on a 4hr bar its reasonable price pulls back some but otherwise its likely to just continue to cycle and from a wider view go sideways overall.
   From a trading point of view I want to see more action around the 50 day average, if that were to occur then we'll have a lower high here which can be said to be bearish in a more important way then just pure speculation and waves of trading.  However overall the market is especially strong for some time now and any negative view should be in the minority.

Price to watch:  57493
Closing high of the mid point to FEB, consider it something of a pivot now to the sea-saw between bears and bulls

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[stadus]

There were many similar situations during these years, and sometimes what we expected did not happen at all. And whether we want to wait for a sharp fall or a big correction, either red candles and charts, I do not think so.
This year is one of the best years for Bitcoin, this volume of companies and governments flocking to Bitcoin is certainly not ineffective.

As always, bull run come in an unexpected timing, we haven't thought it would come during the time of pandemic but here it is, most of us maybe did not see it coming, so most probably the price correction or dump might come anytime and we will be surprise again.

As the FOMO is getting bigger and bigger, more investors will be disappointed once heavy correction start, but for us who understand fully the nature of the market will never panic nor be surprise.

[pilosopotasyo]

The momentum will remain the same till the end of this year. More information is needed so as for further observation. From my perspective, individuals and companies spend more time focusing on bitcoin. Moreover, Paypal, Tesla, and NFT are all good signs to the cryptocurrency world

People should not panic if there are dips from time to time it's normal only newbies who don't check the chart and history will panic sell when there is a correction, the Cryptocurrency market is moving great right now, it's still a good buy at $59k if there is a dip it's a good opportunity to buy rather than to sell, only if you are selling for profit.

[Luqman]

Why people are too panic? We already saw several big dumps during this bullish season, but finally the prices of crypto coins increase again gradually. I think we are still not in altcoins season, so the bearish won't come before the altcoins season happens. Although many altcoins already increased quite big but I think the increases aren't enough to be called as altcoins season this year. So, just buy or hold if you see the big correction, it is not the end of the bullish yet.

[LUCKMCFLY]

Bears out of hibernation, autumn might be more dangerous.    We're back to the weekly average here which can be important to note in momentum terms:



If we close below here on a 4hr bar its reasonable price pulls back some but otherwise its likely to just continue to cycle and from a wider view go sideways overall.
   From a trading point of view I want to see more action around the 50 day average, if that were to occur then we'll have a lower high here which can be said to be bearish in a more important way then just pure speculation and waves of trading.  However overall the market is especially strong for some time now and any negative view should be in the minority.

Price to watch:  57493
Closing high of the mid point to FEB, consider it something of a pivot now to the sea-saw between bears and bulls

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

Looking at your analysis, it reminds me of when I read a Cointelegraph article that I quote here:

However, the bears are unlikely to give up easily. They are likely to pose a stiff challenge at $61,825.84. If the BTC/USD pair turns down from this level but stays above the 20-day EMA, it will suggest the sentiment remains bullish as traders are buying the dips.

A break below the 50-day simple moving average ($52,376) will be the first sign that bears are making a comeback.

Source: https://cointelegraph.com/news/price-analysis-3-29-btc-eth-bnb-ada-dot-xrp-uni-theta-ltc-link

Which is a technically possible scenario, plus it may also turn into a little bearish trap for some to sell bitcoin cheap.

[gabbie2010]

BTC is very bullish since the beginning of these year, we are in the first quarter of the year no any sign of bears in the market, the price had just  hit $60K again where I believed the resistance at that zone had been very strong, after several attempts to break it, the price got rejected the price get corrected just as it is now.
I do not see any reason for panic or fear of the price entering correction to a full bearish mode.

[skarais]

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

This correction occur periodically after the bitcoin price has been pumped up strong enough. As usual, I think the market will recover soon. Meanwhile, the current market situation can be considered as a perfect time to place a buy position. Not many people think it's a good time to sell everything. The market still look quite strong, this is what will support the market to recover soon. Without analysis, we wouldn't even dare to buy bitcoin right now because the price is so high. The fact of the matter is that the risks of buying bitcoin are worth the long-term benefit.

[buwaytress]

Agree with STT -- forget the winter, we're probably still in spring or coming to summer and autumn could be even more dangerous to set the tone for a long, dreary winter.

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

Hasn't that already been what's happening the past week or two? "Correction" and a quick recovery, albeit only a flash moment of touching $60k? It is curious for me too, that it still ended the last month on another consecutive positive gain. This definitely didn't happen in 2017.

[Dave1]

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

This correction occur periodically after the bitcoin price has been pumped up strong enough. As usual, I think the market will recover soon. Meanwhile, the current market situation can be considered as a perfect time to place a buy position. Not many people think it's a good time to sell everything. The market still look quite strong, this is what will support the market to recover soon. Without analysis, we wouldn't even dare to buy bitcoin right now because the price is so high. The fact of the matter is that the risks of buying bitcoin are worth the long-term benefit.

But it didn't pump up strong though? we didn't break all time high during this recent rally, it falls short of $60k. So this sideways pattern again, or consolidation. If the market is quiet for the next week and continue this trend, this could be the calm before the storm again. We've seen this pattern, so I wouldn't be surprised if an imminent break out run.

[Swordsoffreedom]

The market is super bullish now, Price bounced from local support $44k and continuously growing rapidly. Still, I'm bullish in my long run, I opened my long position from $44K and will hold until Q4 of this year, Already I've fixed a part of my profit at $60K, and waiting for further upward movement. Daily MACD chart is giving a bullish setup towards $70k, my next target is 70K and then 100K for long run.

[Hamphser]

It is interesting, curiously at the moment the price is going down a bit, could it be a correction and will it recover quickly?

This correction occur periodically after the bitcoin price has been pumped up strong enough. As usual, I think the market will recover soon. Meanwhile, the current market situation can be considered as a perfect time to place a buy position. Not many people think it's a good time to sell everything. The market still look quite strong, this is what will support the market to recover soon. Without analysis, we wouldn't even dare to buy bitcoin right now because the price is so high. The fact of the matter is that the risks of buying bitcoin are worth the long-term benefit.

But it didn't pump up strong though? we didn't break all time high during this recent rally, it falls short of $60k. So this sideways pattern again, or consolidation. If the market is quiet for the next week and continue this trend, this could be the calm before the storm again. We've seen this pattern, so I wouldn't be surprised if an imminent break out run.

We have seen countless similar situations on where the market had been moving sideways for a long time then suddenly make out some nasty run but we cant really exclude out the possibility
of a market flip or bearish run when something theres uncertainty towards the market.

Why people are rushing out for bearish season? Based up on observation that the market eventually make out its recovery after it had corrected for few percentage.

Lets wait for that situation to happen because market cant just have some rise like forever.There would always be a bearish time but not for now.

[South Park]

It seems to me that people really need to learn how to be more patient with bitcoin, once again it is very close to the 60k level and it is likely that we are going to surpass that level during the next weeks and then reach a new all time high, a drop of 10 or even 15% could be enough for many other markets to become bearish but that is not true for bitcoin, we will need to see at least a 30% correction in order for the predictions of a bear market to become true.

30% correction isnt something that can be considered to be bearish but somehow if the price had stagnated with that level for a long time or moving sideways then we do consider that one
but if recovery would comes next after such decline then that would be just a typical movement in the market where  everybody do loves to play along.Why searching or waiting up for
bearish season?It would be good if you do just simply ride on what we are currently experiencing at the moment.Bitcoin could possibly break out that resistance this time.
Too fast? We cant really tell but based off on observations then its truly remarkable.

That is why I wrote at least in my previous post, in my opinion that is the minimal reduction in the price that we will need to see in order to begin to entertain the thought of a bearish market making an appearance, as you say after such drop we will need to see the market moving sideways for a long time in order to finally declare that the bull market has finally died, this is why I do not get people, they want a market with high volatility that can make them big profits in a short amount of time but they get scared as soon as the price goes down a few points.

[coin-investor]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

One month after you created this thread we are still good and we are still in a bull trend and will continue to be on the bull trend all this year, the PayPal news is and much good news coming in are what will keep us in the bear trend, there's so much expectation in the month of April because this is regarded as the best month when the bull season arrives so we'll see about if the April trend continues.

[STT]

Chart to follow up it recovers once again:



Breakdown failed its trend after a few 4hr blocks, the lows being the prior highs of over a week ago.  Overall that's still bullish, then we have the weekly average its broken below now confirming above on 4hr bars as Japan opens.    Then I think to properly break the range of this negative Saturday move it needs also confirm above 58.5k or we might just cycle again.   Japan action can be quite negative and contrary to weekend pricing.

Price to watch:  57493

This still stands, we really did nearly move below it but the very next 4hr bar moved right above it.  Its been faltering but its not broken downwards properly, bears frustrated.   No time to lament, actually breaking down here would count more, below weekly average, a broken rally etc.  could be the start of something wider

[South Park]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

One month after you created this thread we are still good and we are still in a bull trend and will continue to be on the bull trend all this year, the PayPal news is and much good news coming in are what will keep us in the bear trend, there's so much expectation in the month of April because this is regarded as the best month when the bull season arrives so we'll see about if the April trend continues.

In my opinion probably the best news that we are seeing telling us there is no way the bull market is over is the fact the miners are still accumulating their coins and that the number of coins in exchanges is still going down at a fast speed, when you add those two factors it means the supply of bitcoin available for trade is going down dramatically and sooner or later this is going to be reflected in the price, and the only direction the price will be able to go is up.

[ultrloa]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

One month after you created this thread we are still good and we are still in a bull trend and will continue to be on the bull trend all this year, the PayPal news is and much good news coming in are what will keep us in the bear trend, there's so much expectation in the month of April because this is regarded as the best month when the bull season arrives so we'll see about if the April trend continues.

Its hard to tell now on when is the bear season since there are so many accumulation aspects happen due to recent adoption. Maybe we cannot experience heave bears right now so accumulate once correction happens since this is perfect time for us to accumulate and earn.

Well I can say the trend will continue on april but tge one should we keep forward is the month of May.

[Mahanton]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

One month after you created this thread we are still good and we are still in a bull trend and will continue to be on the bull trend all this year, the PayPal news is and much good news coming in are what will keep us in the bear trend, there's so much expectation in the month of April because this is regarded as the best month when the bull season arrives so we'll see about if the April trend continues.

Its hard to tell now on when is the bear season since there are so many accumulation aspects happen due to recent adoption. Maybe we cannot experience heave bears right now so accumulate once correction happens since this is perfect time for us to accumulate and earn.

Well I can say the trend will continue on april but tge one should we keep forward is the month of May.

Always take precaution when making out such step because we dont know on what would be the things that might happen ahead.Always set out Plan B's if the initial plan or action
wasnt successful and honestly having this kind of movement in the market is really hard to guess on when its moving sideways on where you cant determine on what are the possible
next movement that it could possibly try to reach on.For now im not expecting for some bear runs because basing off with sentiments in the market then we are still on that bullish side.

[Vaculin]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Have to see the huge changes happened now? If we keep thinking negatively, we always regret it.

We gonna see price correction all the time but it is not a thing we consider about the bearish season to start. Why not wait sometimes to see if there is no progress and market recovery and that serves as a conclusion that we are into that season. Because if we are in panic for each drop we saw, that certainly ended up at a big loss.

[South Park]

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Have to see the huge changes happened now? If we keep thinking negatively, we always regret it.

We gonna see price correction all the time but it is not a thing we consider about the bearish season to start. Why not wait sometimes to see if there is no progress and market recovery and that serves as a conclusion that we are into that season. Because if we are in panic for each drop we saw, that certainly ended up at a big loss.

I wonder when people are going to learn? After a few days we are seeing a new all time high that just happened a few hours ago, people need to learn how to deal with the market not growing every single minute of the day, if they do not learn how to do this then I'm sorry to say this but they are going to lose their money, they are either going to get out of the market or they're going to short it or they are going to invest in altcoins but basically they are not going to be invested in bitcoin when it counts.

[Dave1]

The present movement of the price in the last 24 hours shows that we are nowhere the bearish season. And as majority is saying, $100k is the biggest goal for this year before we can see if we will have a massive sell off that might stake the bear market, or the sell off will be just another market correction and then push to $100k or higher. So we might not see the bearish cycle for this year, in my opinion.