Is it bearish season yet?

[Fredomago]

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

Your experienced brings that good edge among other traders who are just starting with this market, the nature of this market is very volatile, not knowing what you are doing is not a good practice,. Knowing some good strategy in anticipating what particular market
will bring in the next few days will be a big edge.

Trading is not how people thinks of it, it's not an easy access to richness, it's a process where survival of the fittest is well-practiced.

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[Hamphser]

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

I do have the same behavior back into those years where we are on a bear market where i do really tend not to look any charts or any apps that do show off prices as best as i can due to im bit
not able to control up my emotions when dealing up with things.

Due to experience, you would able to mold up these kind of self control and discipline which would really be helpful when the time comes.Hoping for some bearish market
isnt ideal and its better to cherish out these bullish moment and take profits with it than on minding for some another bear
market.

[arwin100]

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

Before we don't know on what's going on since the market is build by pure hype only that's why many got scared when dump has occured and that's the reason why we see such huge dump happened way back 2018, I myself  uninstall my blockfolio,trading view and other price tracker app before since it's really depressing to see how huge I lost before when market drop so bad.

[lienfaye]

Its just a correction. Currently the market is bouncing back again and it seems a bullish status is not yet over. Im also waiting for huge dip to buy back of the coins that I already sell to take profit.

Before we don't know on what's going on since the market is build by pure hype only that's why many got scared when dump has occured and that's the reason why we see such huge dump happened way back 2018, I myself  uninstall my blockfolio,trading view and other price tracker app before since it's really depressing to see how huge I lost before when market drop so bad.

Well, its really depressing to see our assets losing their value but patience is the key to be able to bear those times. I also forget the market for a while during that time (2018) to not get tempted to sell. But now I think the situation is different from the past because the reason for bullish market is due to adoption of huge companies and not  because of manipulation.

[Maslate]

There's no massive correction yet, bitcoin is still bouncing back although not as bullish as before.

Let's just carefully observe the market, but as for me, I would not ride yet until bitcoin makes a new ATH as most likely bitcoin will just dump if it will not break the bigger resistance.. once we are at $59k, then maybe the FOMO will start again as investors would think of bitcoin breaking out to $60k.

Watch closely!

[Stedsm]

If ever you'll see the start of a bearish season, remember, you won't see less than a 50% retracement happening on the charts of BTC alone. Chinese New Year, Elon Musk's negative tweets about BTC price, whales wanting to buy lower and also taking profits, no liquidity in the markets on weekends so easy to manipulate, blood bath on Mondays, etc. List is big but still BTC hodling above $51k, you need anything else?

[STT]

A true bearish season might take a year or more to arrive yet, people are possibly jumping the gun.  We will pullback if we are to remain healthy though, it can still be bullish after and during that.

Heres a quick trend I'm watching on the daily:


Its quite messy on any lesser time frame, there is some question and doubt in this area as we cross back and forth in this price action range.   The dollar index DXY is rising and is above 92 now which gives me some pause to consider possible pullbacks inline with the general market but so far price remains elevated for some time.
  Breaking trend on a time frame returns us to wider action like the 50 day average below in lower 40k area, I think thats a reasonable scenario also.   The OP question on an entire season of bullish action is not yet in prospect, we have no trend down.

[Shasha80]

For those who say Bitcoin will soon enter the bearish season, so do the analysis correctly. Because I don't see any indication in the near future
the bearish season is coming soon. Especially if we see the price of Bitcoin now starting to rise to the price of $ 52k, this is a good sign that Bitcoin
will soon pass the resistance price of $ 55k. If the $ 55k price gets past the Bitcoin price will definitely continue to rise and could return to the ATH
price of $ 58k.

[rhodelmabanal]

For those who say Bitcoin will soon enter the bearish season, so do the analysis correctly. Because I don't see any indication in the near future
the bearish season is coming soon. Especially if we see the price of Bitcoin now starting to rise to the price of $ 52k, this is a good sign that Bitcoin
will soon pass the resistance price of $ 55k. If the $ 55k price gets past the Bitcoin price will definitely continue to rise and could return to the ATH
price of $ 58k.

I dont think bearish market will appear this year, because i see that the bitcoin is now start rising, it only down for a moment and rise again so i think there is no room for bearish season this year, i believe that there are still bearish season but i think it will not occur this year, because bitcoin is now mooning it slowly rise and now it is near to 55k$.

[el kaka22]

People may have some fear that they will lose money, to be quite honest I have been making a profit like I have never made before during this period, some people literally got in with tiny amounts and made enough profit to retire forever, of course it depends on what you invest but if you find the bull run and hype in few coins back to back you could have made insane amount of money, just think about hitting 5x with 5 different coins, 1000 dollars becomes 5000 dollars which turns to 25000 dollars that turns into 125k dollars that turn into 625k coins, of course not that many people did that but there are few that started with 1k and had 100k+ by now.

This is why many people want this to go on, I want this to go on as well, I haven't made that much money, I did barely a 10x so far, and if I can continue a few more months, like just 8 more months, I will have enough money to basically just retire at an early age.

[Lucius]

August because I don't want to be around when transaction get impossible and everything goes parabolic and blows. Remember the $72 transaction fees? The three day wait for confirmations? Trades not going through...
Everyone knows december is evil and is to watch out for, so many will reap before that...

You are talking about the period from the end of 2017, then we did not have SegWit and crypto exchanges did not mainly apply batch transactions. Given how much the price has gone up, the fees haven’t risen so drastically though - although the time of $0.10 for the fee is definitely behind us. The problem of large fees stems mainly from ignorance, because how to explain that at this point someone is paying 400 sat/byte, and for confirmation in the next block 50 sat/byte is enough

Everyone has their own strategy, but I don't think things will go so dramatically that the fee will be $70 + or that a big crash will happen overnight if something as dramatic as a pandemic doesn't happen.

[Wilhelm]

August because I don't want to be around when transaction get impossible and everything goes parabolic and blows. Remember the $72 transaction fees? The three day wait for confirmations? Trades not going through...
Everyone knows december is evil and is to watch out for, so many will reap before that...

You are talking about the period from the end of 2017, then we did not have SegWit and crypto exchanges did not mainly apply batch transactions. Given how much the price has gone up, the fees haven’t risen so drastically though - although the time of $0.10 for the fee is definitely behind us. The problem of large fees stems mainly from ignorance, because how to explain that at this point someone is paying 400 sat/byte, and for confirmation in the next block 50 sat/byte is enough

Everyone has their own strategy, but I don't think things will go so dramatically that the fee will be $70 + or that a big crash will happen overnight if something as dramatic as a pandemic doesn't happen.

I agree but each cycle we hit new limits. Stress testing Bitcoin and the infrastructure is good...
Let’s hope nothing backs up or explodes :p

[rodskee]

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?

How can you called that Suddenly when the price still stays at 45,000-50,000$?  and look at it now , 54,000 value ? lol You must be glad that we are almost closing to 1st quarter yet the price is on this high?

There's no massive correction yet, bitcoin is still bouncing back although not as bullish as before.

Let's just carefully observe the market, but as for me, I would not ride yet until bitcoin makes a new ATH as most likely bitcoin will just dump if it will not break the bigger resistance.. once we are at $59k, then maybe the FOMO will start again as investors would think of bitcoin breaking out to $60k.

Watch closely!

Yes that is correct , the price has small lows because of those who are waiting for this chance to profit had already sold their coins and now they are bitter because the price climbs up again as they thought of buying again once the value fell low to 30,000 level.

[slaman29]

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

Your experienced brings that good edge among other traders who are just starting with this market, the nature of this market is very volatile, not knowing what you are doing is not a good practice,. Knowing some good strategy in anticipating what particular market
will bring in the next few days will be a big edge.

Trading is not how people thinks of it, it's not an easy access to richness, it's a process where survival of the fittest is well-practiced.

Crypto is a lot more than that, but yeah, definitely is is about the tolerance for risk. Most people cannot bear to see their holdings drop to below 90% of the value they bought it at, but the long term gain is the target for those who believe.

Unfortunately it does not matter if the project or coin is worth it, the same crash can happen to a good or bad one. That's what makes it so risky to hold on to. HODL is not always a good mentality, not that people can practice anyway!

[ivankoh]

It seems a lot of people were hesitant to buy ahead of the temporary volatility two weeks before the price of bitcoin plunged to $ 44k, I have seen some panic and fear a major breakdown.  Some don't realize just how much of a difference this year's bull run.  I believe this year's ATHs won't stop there, and predictions of a bitcoin value of $ 100k are entirely possible.  I have absolute confidence in this year's trend.  For perfect results, just hold on.  You only succeed if you have enough confidence.

[CryptopreneurBrainboss]

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?

1 trillion you meant right, I'm not surprised it was due to come by, the market has been the talk on all media lips this last few months and institutional investors are making the fun more interesting with their massive support for the currency. Don't think we'll be going down anytime soon. We meant experience certain down times but it won't last since all the news are bullish.

Reports came out few days or weeks back of miners now accumulating instead of selling and you can see the market reacting positively. News like this would be coming out simultaneously and this will affect the market positively as traders and investors join in accumulating too.

[MiningBattalion]

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?

1 trillion you meant right, I'm not surprised it was due to come by, the market has been the talk on all media lips this last few months and institutional investors are making the fun more interesting with their massive support for the currency. Don't think we'll be going down anytime soon. We meant experience certain down times but it won't last since all the news are bullish.

Reports came out few days or weeks back of miners now accumulating instead of selling and you can see the market reacting positively. News like this would be coming out simultaneously and this will affect the market positively as traders and investors join in accumulating too.

The recent emergence of two bitcoin exchange-traded funds (ETF) also provided a major boost to overall sentiment because more investors will be able to gain exposure to the leading crypto asset.While these fundamentals are incredibly promising for bitcoin’s long-term prospects, there are a number of indicators likely weighing on the current uptrend. This does not mean the price will necessarily fall, but they are signs that a cooling-off period is overdue.

[proudhon]

Yes, we are in confirmed bear season indefinitely.

[Philipma1957cellphone]

Yes, we are in confirmed bear season indefinitely.

Thank you when I get to my pc i will be sure to sell a few thousand dollars off.

[TheGreatPython]

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?

I get that people could be fearing but that is no reason to keep talking about bear moments constantly, why would you talk about bear runs if you are worried about it? You are basically speaking it into existence if people keep talking about it. We should FOMO constantly to keep making money, so that means if anyone says "will bitcoin go down" they are creating a doubt in others minds as well and they are affecting the price badly, and that is why there are two kinds of people who would start a topic like this.

First is the guy who would panic sell and get out on the first sign of price dropping and would be newbie and have no idea how crypto works, the other one is the guy who missed out on buying at lower level and now talking about how they could basically buy more if it drops and that is why they are looking into bitcoin going lower.