Is it bearish season yet?

[Jaered]

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?

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[Wilhelm]

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?

It's just a correction. Nothing to worry about.
With growth there are always people selling.

The bear market will start after a major crash. These 30% dips are normal in the bull market.

Bear market will probably start after August. But that's based on history....

[Saisher]

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 you not yet made a profit during the last three months when the bull run trend is pumping all the top coin sin the market or are you in a cycle trying to make a profit in the next wave, we are still in a bull run, it's more of a correction if you checked the chart, it's still in a positive trend, you worry when the candle continuously showing up, but it's not.

[batang_bitcoin]

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?

Just because of red candles, you are thinking that it's already a bearish season. I think you don't need to look at the day to day candles and charts.
If you look for the months charts, you'll see that it's not yet bearish season. The corrections are normal to the market and just because it has come, you don't think that it's already bearish.

[tippytoes]

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?

Just because of red candles, you are thinking that it's already a bearish season. I think you don't need to look at the day to day candles and charts.
If you look for the months charts, you'll see that it's not yet bearish season. The corrections are normal to the market and just because it has come, you don't think that it's already bearish.

And look at the price right now, still almost 49k, and get the chart for even one year, and tell me if we are in the bearish market. Not because we are below the ATH, it means we are now in the bearish season. Just normal correction of the market. And if you see the 1-year chart. I don't think you will say that we are in bear season.

[decodx]

What's going on? Is it a massive correction or are the dreaded bears coming upon us?

Nah, we're still good. You just have to zoom out a bit.  

[Wilhelm]

I think people expect bitcoin to go up or down really strongly. Then when it goes sideways or it oscillates people get impatient and are in limbo. I think OP is in this limbo.

As batang_bitcoin says... Zoom out and look at the monthly and weekly charts, they give you a good idea on what is happening. Don't focus on the minute charts  

[thecodebear]

Just a normal correction. Not a massive one. As far as weeks-long corrections go this is pretty tame. We're a long way from even starting to think about a bear market.

[Hippocrypto]

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?

There's no exact predictions that we can give right now, because corrections will only have a little impact due to current price which already high. I think it won't go down below $40k and stabilized between that price up to $50k. We should be careful when you're holding some btc, volatility will lead you to loss quickly.

[Quidat]

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?

Neither of both things because no trader/investor on this place would able to know on what would happen ahead. Market is unpredictable as ever
and theres no way on detecting early on where the price could potentially go so this kind of question is on where everybody is asking the same thing.
Better thing to be done? Always be wise on securing your profits before the market turns to flip out.Dont ask for more bullish run and better to
secure while you still can rather than waiting up for some correction and eating up all the profits you had made.

[cabron]

You can call it a correction or bear testing the market. It's normally just us shorting to profit.  There is no method of determining yet whether we are in the bear market already unless there will really be big news that will affect the market and then we all start selling. Right now the news is getting good like India not banning crypto anymore is always good for crypto markets.

[goaldigger]

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?

Its a massive correction and a proof that this market can’t go straight to the up without experiencing those corrections. This is normal, but you have to stay careful on every decision that you’ll make so you wont lose that much. Bear trend will happen, its hard to say that its happening right now, but it will come and its inevitable.

[mk4]

We just literally ran up from the sub $10,000 range and peaked at $57,000. And after having a few red days down to the $45,000 range people are already calling bearish? Like no offense, but do you actually think a bull market means we literally go up in price every single day for months without pullbacks? Because that's unrealistic as hell.

[LUCKMCFLY]

Make no mistake, correction, we cannot call Market Bearish when MIcroestrategy with its shares falling to 50% and they buying $10M in Bitcoin, also the volume gives a lot of information, the millionaires want more Bitcoins, maybe this correction is to take away the Bitcoin to weak hands, these are the tactics of the market. These strategies have been used since the Stock Market since the 1800s, in addition to the rumors that Netflix wants to buy Bitcoin, in turn Amazon, so good things are coming ...

[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?

If bitcoin at 50k is a a bear market then the bears can make themselves at home. People are overreacting like they do most of the time, what we have been seeing in the market is just natural, it was impossible even for bitcoin to go up all the time, some people are selling in order to book some profits, others are panicking and some others are doubtful about what to do, but if I were you I would not worry about such small movements of the market.

[Kemarit]

As others have pointed, I wouldn't say that we are in the bearish season, we haven't seen the top of this bull run so how come we are entering the bearish phase already. Probably he is so impatient and thinking that bitcoin can go on parabolic rise, last 2 months we have a dip of 20%-26%, but we have bounce back and maybe this is the case again this month.

We just broke $50,000 again so let's see how it goes, it's going to be Monday in the next 24 hours, full of action again so let's see how the price will be. If we didn't increase, but just maintain this trading sideways then take this as another opportunity to buy.

[decodx]

We just literally ran up from the sub $10,000 range and peaked at $57,000. And after having a few red days down to the $45,000 range people are already calling bearish? Like no offense, but do you actually think a bull market means we literally go up in price every single day for months without pullbacks? Because that's unrealistic as hell.

Honestly, I don't know what he actually thinks, but every time Bitcoin has a small pull back, a thread (or two) like this appears. This has already become a common practice on this forum. 

[virasog]

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?

Where do you see red candles ? Bitcoin reached 58K and today bitcoin is 50K. Just 8000$ less than all time high and you think this is bearish ?

No crypto currency can move straight up. There will be correction in between. If you see few days of red candles, then you don't need to worry. Bitcoin needs healthy corrections in order to move up further.

[chikading2016]

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?

If you are in crypto for almost 3 or 4 years maybe you will know the answer, if we saw red it doesnt mean that it is bearish there would be a great posibility that some whales are working so that they can get profit specially to those who have a weak hands and lack of patience to hold.

[crzy]

The market is trying to recover again, but it looks like we are having a hard time to break the price of $51k with Bitcoin, its too early to say that Bearish trend can happen soon, early than expected. Bearish trend will always appear just like what many speculation say, and the resistance are getting stronger that makes Bitcoin more volatile, bear is coming.