Are we expecting a bullish trend?

[Zilon]

BTCUSD chat on a 4H time frame, are expecting a bullish trend or would this market still sell. Am at a junction where my MA is far from the market although its pointing towards the bearish market. I'm seriously contemplating weather to go long or short the market.

Going one time frame higher using the D1 time frame on my mt4 app the market is indicating a strong reversal going towards the bearish market although it's still testing my MA line but once it breaks out i should be expecting a bearish trend. Do u think this market will buy. Let's analyze this please

[jackg]

There's a large formation I can see on the daily timeframe if you zoom out that produces a triangle/channel.

Generally it's putting more pressure on the top to breakout so the likelihood on normal markets is a breakdown past 54k at its conclusion.

However it also looks like the channel includes reaching 64-68k which would be a new ath and may add momentum to it.

For more certainty on a trade youre probably better off waiting for a break of one of those or trading a continuation. Considering we're still in a bull. Market the chance s of us going down far are quite low here (I don't see 44k anytime soon)..

not financial advice, just a few cents to scatter I also don't trade crypto markets often as they're a bit too erratic.

[Fesatmas]

What kind of bulls are you expecting? this year has been a bullish year in bitcoin history. So we're still looking forward to $ 100,000. as the whales who had targeted bitcoin over $ 100,000 - $ 150,000 wanted.

[Zilon]

What kind of bulls are you expecting? this year has been a bullish year in bitcoin history. So we're still looking forward to $ 100,000. as the whales who had targeted bitcoin over $ 100,000 - $ 150,000 wanted.

The market is actually selling on both time frames I am only analyzing based on the chat I have at hand. It's reading bearish on two time frame. The year might be bullish for Bitcoin this year but is it wise to hold position now. Or should it be sold so as to re-enter the market when it starts buying again

[Zilon]

Bitcoin finally made a bearish trend and from the analysis bitcoin is still going to sell for a couple of days. It's would be wise to sell now and buy back by next week. Bitcoiners could go back to their chat and make a better analysis so has to benefit from this bearish market move. With the expectations of a bullish reversal by next week

[rhomelmabini]

Bitcoin finally made a bearish trend and from the analysis bitcoin is still going to sell for a couple of days. It's would be wise to sell now and buy back by next week. Bitcoiners could go back to their chat and make a better analysis so has to benefit from this bearish market move. With the expectations of a bullish reversal by next week

Dollar-cost averaging is the key here if you think the price might get some rebound the next week. I am still bullish with bitcoin and with the dollar-cost averaging strategy I know I can counterbalance the short term price actions.

There are still bullish fundamentals and news across the crypto space right now and I think it's not bad to rely on those too.

[Poker Player]

What kind of bulls are you expecting? this year has been a bullish year in bitcoin history. So we're still looking forward to $ 100,000. as the whales who had targeted bitcoin over $ 100,000 - $ 150,000 wanted.

That's precisely what I was thinking. We are in a bullish trend.

There is also a little bit of sideways in bullish trends, like now, we are not going to get to $100k in a straight line.

[DeathAngel]

Slight retreat in price today but there’s good support at $55,000. I think we will see a new ATH within 2 weeks. Resistance will only last so long, once we break $60,000 we moon. The trend is your friend, we are in a bull market.

[buwaytress]

Slight retreat in price today but there’s good support at $55,000. I think we will see a new ATH within 2 weeks. Resistance will only last so long, once we break $60,000 we moon. The trend is your friend, we are in a bull market.

Feels like it's been doing this for 2 or 3 weeks now? I'm not actually even really remembering anymore how long the weeks are in between, happy to see this kind of short amplitude even on a weekly timeframe. 55's a really powerful floor if that's the extent of the sells (and bears look super weary too by the thin orderbooks). Weekend will tell us more but without any volume anywhere, I'm not placing bets yet.

[el kaka22]

I do agree that these type of "corrections" usually mean something great for bitcoin, I do not know how long it will continue to drop but that will decide on what is going to happen later on. Remember last time we went down as much as nearly 50k and then came to 60k so that means not every drop means a crash but not every drop also means that it will skyrocket neither, last time we failed to go over 60k and this time we could fail that again who knows.

However if the fall is not that much and it will become bigger that means we are going to see a decent increase in the price later on, and that is why I think it is clear to me we are not going to end up with anything that would be terrible for bitcoin in the long run if the drop is not that big. However if the drop is too big, like under 53k that would mean maybe we will recover but not go over 60k again.

[BrewMaster]

we are in a bull market whether you are looking at the short term zoomed in chart or long term couple of months visible charts. the only reason why we aren't seeing a big breakout yet is that there is a lot of panic sell and day traders who keep cashing out as soon as price reaches $60k to get their short term profit out effectively preventing the rise from growing as it should.

the good news is that as soon as $60k resistance breaks there will be a huge FOMO and price will reach $70k in no time. before you know it we are discussing whether $100k is going to be reached in 2 weeks or 4.

[The Cryptovator]

Are we not on the bull? At least we are bull on Bitcoin even not bull for all other altcoins. As soon as Bitcoin breaks the $40K support zone, then I can say we are on a bear trend. Otherwise just playing above $40K means still we are on Bitcoin bulls. Honestly, the current bull trend wasn't expected by most of the holders. But we have seen a great bull this year. To be honest I am not expecting more than it this year. It would be enough if Bitcoin stays above the $40K zone. If Bitcoin somehow shows stability for a few months then we might see bull into overall crypto markets including altcoins.

[livingfree]

Bitcoin finally made a bearish trend and from the analysis bitcoin is still going to sell for a couple of days. It's would be wise to sell now and buy back by next week. Bitcoiners could go back to their chat and make a better analysis so has to benefit from this bearish market move. With the expectations of a bullish reversal by next week

If someone has to sell, he should've sold when most of the alts are up because bitcoin is also up with them. The bearish trend that you're saying right now, is just a small dip that usually happens to bitcoin and the market itself.

But it's a good time to buy and I agree with that. Not that much of a correction for those who wants to buy but there's a discount already for those who wants to buy it to add basically more on their own ports.

[Theb]

Why are you using a 4 hour chart when we are talking about a bullish reversal? Hourly charts and shorter are used in trading and short time frame reversals. On the other hand while you are using the daily chart it really lacks the information needed to analyze if there is a bearish reversal I don't know what MA you have used but it isn't enough to analyze anything as MA doesn't really hold up without analyzing other indicators such as the volume and MACD which works very well with MA analysis.

[ScamViruS]

This trend is still bullish, it has been confirmed that Q2 to Q3 is a beautiful time for cryptocurrencies,
especially in Q1 which was always red, this year Bitcoin reached new ATH in Q1, yes everything is far from expectations,
and for this Q2 I am also sure of history will happen again if the bulls are still running

Bitcoin has started this year with a hint of a big bull market. We’ve all already seen how powerful Bitcoin has performed. It remains to be seen how Bitcoin will perform in the coming days of this year.

Because now the situation of Corona virus is getting worse in the world again, if Corona's effect affects the economic market again, it remains to be seen how the bitcoin bull will deal with it.

[Oilacris]

This trend is still bullish, it has been confirmed that Q2 to Q3 is a beautiful time for cryptocurrencies,
especially in Q1 which was always red, this year Bitcoin reached new ATH in Q1, yes everything is far from expectations,
and for this Q2 I am also sure of history will happen again if the bulls are still running

Bitcoin has started this year with a hint of a big bull market. We’ve all already seen how powerful Bitcoin has performed. It remains to be seen how Bitcoin will perform in the coming days of this year.

Because now the situation of Corona virus is getting worse in the world again, if Corona's effect affects the economic market again, it remains to be seen how the bitcoin bull will deal with it.

Dont try to attach things up like Corona virus when it comes to this market because you cant really precisely tell that it could really give out effects or influence overall.

For now im not really that much off confident on heading into those peaks.I believe that this current level is considered to be peak.Of course its just my opinion because
we do have different impressions towards the market.

The good thing we are looking now is that the price isnt really crashing that hard even though there are small corrections but its just been part of a healthy market.

[ultrloa]

This trend is still bullish, it has been confirmed that Q2 to Q3 is a beautiful time for cryptocurrencies,
especially in Q1 which was always red, this year Bitcoin reached new ATH in Q1, yes everything is far from expectations,
and for this Q2 I am also sure of history will happen again if the bulls are still running

Bitcoin has started this year with a hint of a big bull market. We’ve all already seen how powerful Bitcoin has performed. It remains to be seen how Bitcoin will perform in the coming days of this year.

Because now the situation of Corona virus is getting worse in the world again, if Corona's effect affects the economic market again, it remains to be seen how the bitcoin bull will deal with it.

How does the corona affect the bull market trend? Maybe it does a little but it doesn't mean it contribute the whole market remember we go thru the halving state + adoption became wider so lets not assume all things happen due to that incident. I know you will point that because corona the people force to stay at home and find bitcoin but it really doesn't make sense since not all people into the bitcoin right now.

[LUCKMCFLY]

In the article referenced by cointelegraph, they say that in a possible bullish scenario, bitcoin can reach a price of up to $ 79,566K, and if it is very low what it can reach at the moment in a possible resistance at $43k.

if the price rebounds off the 50-day SMA, the bulls will make one more attempt to push the pair to a new all-time high. If they succeed, the pair could start its journey to the next target objective at $69,540 and then $79,566.

Source: https://cointelegraph.com/news/price-analysis-4-7-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-theta

Of course, this can be invalidated if institutional investment comes in that can cause a big bull run, it could even reach more than $ 79k.

[Oasisman]

Bitcoin finally made a bearish trend and from the analysis bitcoin is still going to sell for a couple of days. It's would be wise to sell now and buy back by next week. Bitcoiners could go back to their chat and make a better analysis so has to benefit from this bearish market move. With the expectations of a bullish reversal by next week

Though Btc lost almost 5% in the last 7days, but it's guaranteed that this will become a bearish trend, and yeah It's good to short your Btc while the chances to bounce back next week or the coming days are still high, and this has been going on since the bullrun began.
I'm not quite sure whether it's still good to sell currently at $56,000, because it seems that the price action are set to make a reversal.
Nevertheless, that's a good analysis of yours.

[pixie85]

If you're thinking whether to go short or long think about your current position.

People who have a lot of coins bought ling before this ATH should take some profit. It's going to make them feel more confident, safer, ready for a possible fall and give them available money to buy the dip.

If you're one of those who still don't have any coins you should buy. Having none means missing possible gains if we go up. Always open yourself to both possibilities and have something to do when price goes up or down. I honestly think that every person in the world should spend at least 1% of their savings on bitcoin.

Since we are in a bull market you have better chance of going long. Don't go against the trend, wait for a confirmed reversal.