Is This Chart Bullish or Bearish?

[ethereumhunter]

I prefer to wait for a while, maybe until this weekend because bitcoin price now seems does not moves anywhere. If the price is still going down, that will be a good time to buy bitcoin. The trend is at the bear trend, but the price may be like this as we saw before. The price movement is still unpredictable, but maybe it will still go down until $30k so we need to be careful and analyze deeper to find the next signal.

price still look sideways in limited range, maybe it need new trigger for drive bitcoin price. At this moment news in market doesn't enough to drive market , investors prefer wait and see to see how market will moved. Maybe most of them waiting lower price to buy with huge amount. Personally i am analize bitcoin price will soar first to 40-42k level before test the bottom again.

We are all waiting for the price to go down to buy back bitcoin at a low price. The price is still up and down until now and it makes us feel difficult to determine when to trade. When we can buy bitcoin at a low price, we can buy it with a huge amount of money and if we can hold it until the price increase so high, our profit will be bigger. But to make a big profit will need patience and not all of us can do that.

[tokeweed]

Chart is bearish all in all because major support was broken, though, the falling wedge breakout may show some recovery but if BTC doesn't remain stable or falls more, then I guess your coin will also continue its downtrend and as this is a steep fall, I believe it's better to stay away from such coins as they might continue to fall further due to the overall market trend being bearish.

But how about now?  I mean by now it should be pretty obvious that the down trend has already been invalidated.  And it’s starting to trend back up.

The volume is kinda low and declining but it’s still probably accumulating before another leg up.

[speedforce]

Im not sure, its on a kind of strong resistance, if volume low its will turn bearish, but if volume high and can surpass the resistance it could be bullish.

[SaShiRaJaVu]

But how about now?  I mean by now it should be pretty obvious that the down trend has already been invalidated.  And it’s starting to trend back up.

The volume is kinda low and declining but it’s still probably accumulating before another leg up.

It might be accumulation phase, when i saw the market in red for continuous days i expected the market to go down further but still the Bitcoin market is holding up above $30k even though the altcoin market took a huge dive as some of the coin had a correction of above 15% and if you are holding the top coins in the market there is nothing to worry but for new investors who invested listening to the hype might have burned themselves.