Is it bearish season yet?

[Theb]

Analyzing the charts of any asset isn't always about looking at the color of the candlesticks as that is just simply too plain for you to make out of any conclusion. If you wanna determine if the crypto market is in a bearish period just take a look at the chart of the market leader which currently is Bitcoin and look for its volume and RSI and you will see that the market is not on a bearish period. Volume is so-so and it will tell you that nobody is offloading (at least massively) their position. The RSI as well will tell you that surprisingly it still on the overbought level confirming that nobody is still selling Bitcoin up to this moment. In order for you to determine if the crypto market is in a bearish period you need to see that Bitcoin's trend is on a reversal and instead of going up it is now going down together with increasing volume as it is going down.

[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.

[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?

Are you afraid of big crash coming due to bear season? Well there's nothing to afraid off since by now we have big whales(investors) supports bitcoin and they will never let bitcoin fall since this is how those people earn with, also there are so many bitcoin supporters has been gather which adopt bitcoin so we'll so if you find those red candles striking up meaning it's perfect time to buy and earn when market goes green again.

[Jating]

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?

Are you afraid of big crash coming due to bear season? Well there's nothing to afraid off since by now we have big whales(investors) supports bitcoin and they will never let bitcoin fall since this is how those people earn with, also there are so many bitcoin supporters has been gather which adopt bitcoin so we'll so if you find those red candles striking up meaning it's perfect time to buy and earn when market goes green again.

Amazing to see bitcoin going on green again and so is the rest of crypto market.

So there's no red candle, we are on the recovery stage again, $50k-$52k again in the next couple of days and it we get lucky and we sustained this run, we might see $57k so we are out of the bears hand. And with that said, correction is over, the usual every month of like three weeks of good phase then followed by a week of selling off/taking profits, the usual run.

[Oceat]

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.

Nah, I think have the right to ask if he's not used to the market because maybe he already suffered from the losses in 2017. You know how things went sideways in 2017, right? After the bull run of hitting $20k ATH it suddenly dropped faster than anything plus the correction kicks in then the whole market is in total red.

But this year, this bull market it's quite different from the last one that we had since there's little fud now compared in the past which is people can easily be drawn by the sudden fud then after that the whole market would be in bloodbath already.

I don't know yet when will the bloodbath going to occur that would lead the bear to follow but let's take this moment to gather and earn our desired profit until the bear market comes. That would be the best time to reinvest again if you have the money for the next season of bull market.

[jaberwock]

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 do not think that we are in the bear levels just yet, we are doing fine so far and that is why I believe that right now we are not going down that path, sure we could drop in price time to time but that is just correction and we are not there just yet, I believe we could potentially reach to a higher level in the end even after the falls. Look at what happened when we first reached 41k, we dropped to 28k and reached to 56k after that, look at what happened when we went down to 43k or so after that, we reached over 50k once again.

So, I believe just because we have some falls doesn't mean that we are in bear time just yet. I believe we are going to end up with a bigger and better price in the end, it will take some time but it will not be that ugly anymore, I believe a bear run like 2018 will never happen from now on and that makes me happy about the future of crypto.

[Jaered]

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.  

Yeah, I have seen the graph. Looks more like a mad awaited correction. I hope the growth continues. Mainstream adoption is on its way

[MCobian]

I still think Bitcoin is currently in a bullish trend, because the Bitcoin price is still stable above $ 40k. Bearish season is coming when Bitcoin corrects
below the price of $ 40k, if we see a very strong support price at $ 47k. It is very unlikely that in the near future Bitcoin will drop below $ 40k,
so in other words the bearish season won't happen any time soon.

[Ridwan Fauzi]

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'm not sure but I have a presidiction that bitcoin price need a correction, although if we see to the high time frame like monthly and weekly time frame there is a sign that bullish market is still strong.

But, fundamentally has given a bad sign that there are some bas newa which can make the movement price will lead to bearish market. Some stocks has been decreasing maybe it just a trader strategy to take some profit.

Some investors will be closely look to 1.9 T stimulus from US government. Because this thing will lead all stock market and crypto currency movement will be more volatile. So, the current bearish movement is just for a while we will see a huge increase later.

[boltz]

Just because Bitcoin had the correction that most of us was expecting to happen at some point it won't mean that we are already into the bear market. For now the bull market is still in full force over the markets and I have a feeling it can blow up in price anytime soon.

Bear market will have the its presence way more brutally than a 10k drop and we know it.

[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.

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.

Way back a few month ago, you won't see this massive price for bitcoin. And that's why it's far from being bearish and I think there's this effect from the past that whenever we see such massive price and rise, whatever correction comes, they'll think that the time has come and it's already the bearish season that's being expected. So far, the month of March which is also believed with that effect just as last year is still good as it is and we're still up than December 2020's.

[FinneysTrueVision]

The market is not bearish yet because we are still way up from the beginning of the year. The price is currently over $50,000. It might've gone down for a few weeks after hitting it's ATH but has quickly rebounded after a temporary correction. Things are still bullish to me so I would take this opportunity to stack the dip.

[CaVO32]

The market is not bearish yet because we are still way up from the beginning of the year. The price is currently over $50,000. It might've gone down for a few weeks after hitting it's ATH but has quickly rebounded after a temporary correction. Things are still bullish to me so I would take this opportunity to stack the dip.

The bearish situation depends upon when are you comparing it with. Last year or at the start of this year or compare it with the ATH price? Because if your reference is the previous years, it is by any means we are not in a bearish season but still in bull season. In what year have you seen bitcoin's price to reach the 40k+ level? Only this year, right? So I don't get why people are asking this question whenever they see bitcoin's price go down from what they want it to be? It is not always straight line here, at some point, there will be dips.

[danherbias07]

Correction or we could say it's taking profits.
There will always be individuals and groups who want to hoard more cryptocurrencies.
So the one way to do that is sell high, buy low instead of spending more fiat just to add more in their balance.
It might be a risky move but that's a good way to save money by using the price movements.

[tygeade]

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?

We have reached the lowest point, there is no more dropping anymore and we are not going to get another drop, do not feel fear about what is going on because we are doing fine so far and we will keep doing fine in the future as well, there are a ton of people who feel fear because we dropped a bit but I do not get it, this is finance, obviously we are going to have some sort of drops and that is normal but the reality is that we do not have to have any sort of fear because of a drop, since the movements are always in cycles so it will go up and it will go down and it will go up and it will.. basically it will always continue like that.

What you need to realize is that even if there are drops, in the long run, bitcoin always goes higher, it may take a day or it may take a year but it will make you a profit no matter where you buy it at, even if you buy at ATH you will profit from it eventually.

[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.

Nah, I think have the right to ask if he's not used to the market because maybe he already suffered from the losses in 2017. You know how things went sideways in 2017, right? After the bull run of hitting $20k ATH it suddenly dropped faster than anything plus the correction kicks in then the whole market is in total red.

But this year, this bull market it's quite different from the last one that we had since there's little fud now compared in the past which is people can easily be drawn by the sudden fud then after that the whole market would be in bloodbath already.

I don't know yet when will the bloodbath going to occur that would lead the bear to follow but let's take this moment to gather and earn our desired profit until the bear market comes. That would be the best time to reinvest again if you have the money for the next season of bull market.

Oh I know how it went in 2017, but like I said, if 2017 and even any events in the years after that including March 2020 which was arguably even worse for most people, doesn't teach you about crypto, and if you're not prepared to see red candles like this even during a bull run, then really, crypto may not be the right place for you.

I think people come in and expect things to only go crazy up. But crazy down is just as, if not more possible;)

[ice18]

The crypto market from bitcoin to altcoins right now is too bullish to become bearish and I dont think the bull already ended its too aggressive at this time, a healthy market needs correction even in 50% or 40% still its part of a market no need to worry when all people are entering crypto this is not like 2017 this is really different.

[Lucius]

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

Why after August? It makes no sense if we consider that ATH in the past always came 1 to 1.5 years after halving, and the math in that case is more than clear. It would be more logical if you wrote January 2022, because Q4 has historically been a very profitable month - and this year it has even more bull potential than 2017.

The problem with OP and those who can not wait for the correction and bear market is that they definitely live in the wrong year - 2020 -> 2021 is by no means what it was 2017 -> 2018.

[Wilhelm]

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

Why after August? It makes no sense if we consider that ATH in the past always came 1 to 1.5 years after halving, and the math in that case is more than clear. It would be more logical if you wrote January 2022, because Q4 has historically been a very profitable month - and this year it has even more bull potential than 2017.

The problem with OP and those who can not wait for the correction and bear market is that they definitely live in the wrong year - 2020 -> 2021 is by no means what it was 2017 -> 2018.

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...

[dimonstration]

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.