any opinions about the recent btc price crash?

[Viscore]

Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

Just continue using the weekly time frame because if you take seriously the current corrections, it only affects your trades and might cast you out.

I usually use the candlestick indicator but considering the market volatility, everything still unpredictable. The crash, price corrections...we are all seeing this most of the time and we have to expect this seeing again in the future. So if you are willing to take the risk in trading, then you must have to consider facing all of these things.

[javainn]

whatever the reason is for sure the fall of bitcoin need not be worried, bitcoin is just undergoing a correction and it will not last long bitcoin will still have the potential to be pumped like in the crypto bull run some time ago

[Rehan Zakir]

I think its just a correction and no more. And every market takes correction so don't worry. Just take some time to market and it will recover soon. I am also in loss on some altcoins. But i am holding these coins until it recover. If Bitcoin is above 48000$. it means that it is in bullish zone.

[Ziskinberg]

I think its just a correction and no more. And every market takes correction so don't worry. Just take some time to market and it will recover soon. I am also in loss on some altcoins. But i am holding these coins until it recover. If Bitcoin is above 48000$. it means that it is in bullish zone.

Probably it was just a market correction.
Actually, I'm happy to have this kind of event in the market as it gives us the opportunity to buy more Bitcoin. Every single dip is a chance to buy and every hype is also a chance to sell.

I simply don't ignore the volatility of the market, every time we have to experience pump and dump trends. But sometimes we've been surprised as we can see that there is a huge price decline. We can't neglect such feelings as normal people but let's don't so bother so much as it leads us to make wrong decisions and mistakes.

[JooBra]

Well the dip is pretty normal but of course there are reasons behind it. At fridays usually Future contract ends so it may have impact on it. Also Turkey banning crypto and closing one of their biggest exchanges for sure influenced the price.

[isaac_clarke22]

Ever been here before like when it went from 8k to 4k?
It is just like that.
Aside from what others mentioned here like laws imposed and taxations, it is just BTC being BTC.

[carlisle1]

whatever the reason is for sure the fall of bitcoin need not be worried, bitcoin is just undergoing a correction and it will not last long bitcoin will still have the potential to be pumped like in the crypto bull run some time ago

Bitcoin is now trying to bounce back, the cycle always happened and if you are aware with how things works within this market you'll be able
to catch up and remain positive. No need to worry that much, as along the way this correction will undergo to another bull pump.

Well the dip is pretty normal but of course there are reasons behind it. At fridays usually Future contract ends so it may have impact on it. Also Turkey banning crypto and closing one of their biggest exchanges for sure influenced the price.

Those news have some weight with why Bitcoin is suffering but days will come and those bad news will expires.

Keep yourself updated with how the market is moving, very important in order to assess and position yourself in whatever decision you'll going to take!

[FanEagle]

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

What is that Bill Williams trading system? It is about a broker name where you are trading cryptocurrencies or a strategy you are making use of? I guess I must need to google to enlighten myself more on this. I guess your weekly timeframe is not lying to you as today we are seeing the bitcoin market is slowly recovering and currently trading above $53k price levels which must be very good thing we could have right away.

My personal opinion about the recent bitcoin market correction (definitely it was not a crash) is, it is just part of market and people who are always believing into the future of bitcoin might have used it to get more bitcoins at cheaper price levels.

[Julien_Olynpic]

The market experienced a long-awaited correction. And this is a rather small drop, which is surprising for such a long period of growth. Although there is a crypto spring now, bitcoin will not grow strongly in the near future, since it has not yet worked out all its correction waves. I advise you to pay attention to shitcoins because the dominance of bitcoin is falling. They will be more active. Many altcoins do not yet have very high correlation with bitcoin and short cycles. This is a great trading opportunity. And Bitcoin is likely to get stuck in corrections anytime soon.

[tvplus006]

Well the dip is pretty normal but of course there are reasons behind it. At fridays usually Future contract ends so it may have impact on it. Also Turkey banning crypto and closing one of their biggest exchanges for sure influenced the price.

I think that such news is trying to explain the dump of bitcoin, after it took place. In fact, there was a correction of bitcoin, and with it the rest of the altcoins, because there can be no continuous growth. Although this correction could change the market to bearish if bitcoin continued to fall.

[johnwest]

Well the dip is pretty normal but of course there are reasons behind it. At fridays usually Future contract ends so it may have impact on it. Also Turkey banning crypto and closing one of their biggest exchanges for sure influenced the price.

I think that such news is trying to explain the dump of bitcoin, after it took place. In fact, there was a correction of bitcoin, and with it the rest of the altcoins, because there can be no continuous growth. Although this correction could change the market to bearish if bitcoin continued to fall.

Some FUD was there regarding Joe Biden, the President of USA is increasing the Long Term Capital Gain taxes to 43% which is outrageous, but it was a FUD as we all knew, And then there was a FUD that Tesla sold its Bitcoin holding and in turn, Musk is also selling which was again fake news as Elon Musk himself clarified it as just a Liquidity requirement of Telsa and he didn't sell any of his Bitcoins. The price is already reaching 55k price and we may see another ATH in the month of May.

[Yatsan]

We have gone through this for many times so nothing to be worried about it. Just trust the process for the pumps and dumps are happening to maintain the balance for not getting too high nor too low. Just seize the moment and grab the possible opportunities that you can see and acquire whether Bitcoin is on a dump or into the pump for there are always two sides of the scenario. Just always look into the bright side not to get frustrated on how things supposed to work on.

[awik p]

Well the dip is pretty normal but of course there are reasons behind it. At fridays usually Future contract ends so it may have impact on it. Also Turkey banning crypto and closing one of their biggest exchanges for sure influenced the price.

I think that such news is trying to explain the dump of bitcoin, after it took place. In fact, there was a correction of bitcoin, and with it the rest of the altcoins, because there can be no continuous growth. Although this correction could change the market to bearish if bitcoin continued to fall.

Some FUD was there regarding Joe Biden, the President of USA is increasing the Long Term Capital Gain taxes to 43% which is outrageous, but it was a FUD as we all knew, And then there was a FUD that Tesla sold its Bitcoin holding and in turn, Musk is also selling which was again fake news as Elon Musk himself clarified it as just a Liquidity requirement of Telsa and he didn't sell any of his Bitcoins. The price is already reaching 55k price and we may see another ATH in the month of May.

indeed at the previous time bitcoin had crashed and I think the percentage was not too significant compared to the increase in movement. with the fake news that happened, of course this opportunity was used by the news maker to buy more bitcoins, in order to reap big profits

[LUCKMCFLY]

For now I think that Bitcoin has fallen in price because investors are putting their money in some altcoins to take refuge and react quickly to any market change, with the volatility that has been unleashed since April 14 when Coinbase's Coin entered Wall Street Many think that for this reason it fell, others think it is because of the US fiscal situation that Biden is raising.

However, the movement may turn bullish, according to this technical analysis they may be very accurate in the short term:

If there is an upside break above the channel resistance, the price could continue to rise towards the $56,500 and $57,000 levels. The next major resistance is near the $58,000 level, above which the price could accelerate higher towards the $60,000 level.

Source: https://www.newsbtc.com/analysis/btc/ta-bitcoin-price-gains-traction-heres-how-btc-could-revisit-60k/

However, this analysis can be invalidated in the event of any bearish eventuality, in these moments of the market anything can happen, many times what the masses think, the opposite can happen.

[Sled]

It crash in the past days and now, we've been above $50k again.
Bitcoin shows an impressive market growth, in fact, we've been thinking that we turn to bearish as we saw a hug decline and more investors moving to altcoins but it is different looks that we experience. I'd realize now that our speculations are worthless and 100% not accurate. And it was sorry for those who sell their Bitcoin during that day. 

[cheezcarls]

Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

I certainly believe a strong factor that makes the Bitcoin price pullback is the crackdown of cryptocurrencies in Turkey. I think there are a couple of Turkey-based exchanges that were closed and all of the funds of the users are in limbo. One exchange had all their bank accounts in Turkey closed, while the other one fled to another country. However for me, it is also an opportunity for us to buy back while the price got lowered.

There are other factors as well to be considered for BTCs downfall the past few days aside from the Turkey crypto issue, especially that they consider a ban on cryptos being used as a payment method for buying goods and services (but not trading or mining).

[sarmrakib]

Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

The market has recovered smartly. I think it is the usual behave of market. Market os tough place where anything can happen so that nothing to worry about when we see a deep downtrend. I think it is the fact that we love btc which helps us to get a good return. I always analysis the market when i see any deep down fall and put my money in. That's how i always get a good return on bull market.

[doomloop]

The market has recovered smartly. I think it is the usual behave of market. Market os tough place where anything can happen so that nothing to worry about when we see a deep downtrend. I think it is the fact that we love btc which helps us to get a good return. I always analysis the market when i see any deep down fall and put my money in. That's how i always get a good return on bull market.

Yeah bitcoin market has already recovered and trading around $54k levels very strongly hence I guess there will be no pint of keep discussing about the old things. I mean the recent crash has become an out dated thing but some people still looking for reasoning for what caused that dumping. I guess we must need to move on by accepting that like just another usual market fluctuations.

[ice098]

The market has recovered smartly. I think it is the usual behave of market. Market os tough place where anything can happen so that nothing to worry about when we see a deep downtrend. I think it is the fact that we love btc which helps us to get a good return. I always analysis the market when i see any deep down fall and put my money in. That's how i always get a good return on bull market.

It simply shows us or reminding us how volatile the cryptocurrency was right. And yeah the market has recovered fast and smartly but this is not mean that the dips, the price correction wouldn't happen again. For me I can't find any other reason for a sudden crash of bitcoin price other than a price correction. In fact it is always happening and we might wait till the next pruce correction will going to happen again. Or I guess I maybe so early to assune that we are entering a bear market right.

[cyriljundos]

Hey,

What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?

cheers

bitcoin price is slightly going down right now but surely it will be pump soon. just hold your btc for a while and you can also convert it to alternative coin then trade it so that your funds would be efficient and would gain you more profit comapre to holding bitcoin your fund would be sluggish .