Is This Chart Bullish or Bearish?

[tokeweed]

Ey guys, I need your help.  Here’s a chart of an alt I’m interested in buying but I’m not really sure if it’s starting to look bullish or if it’s down trend continues...  I mean with the whole market being in the red and all.

But just by looking at the chart, without bias, and just by optics or how it looks, is the chart bullish or bearish?



Edit:  I won’t tell you guys the name of the alt for now.  I’ll tell you later.

This pin bar chart clearly shows that its a downtrend .You didn't clear the time frame of the chart .However at the end of the chart i am watching a positive momentum and a good small bullish trend and i think it will continue .Its could be much clear if it is candlestick .However i just actually wanna know the coin name i can tell you much and more than .

Does it look like it’s in a down trend?  Here’s an updated one with the time scale shown below.  I’m not really sure what you see but it really looks to me like it broke out from the bottom and it’s now looking like it’s retesting if the resistance has become support.  Dunno...  A lot of you seem to be the better traders around here so you tell me...

[ven7net]

I think it looks more like a good correction, after which there will be strength for the main growth. When it comes to trends, trends usually need to be viewed over a long period of time, and this chart may just be part of a bull market. But if we consider this graph in the short term, then there was probably a fall and now it has stopped and large players are making purchases.

[Bitcoinjheta]

There is a little downtrend after the value of bitcoin bounced back at $40k though we can't say it still bullish because there is no significant sign that make the market going crazy nor bearish since the movement goes up and down playing around $30-40K. Let us follow the trend what will happen  in the next few weeks.

[hd49728]

I think it looks more like a good correction, after which there will be strength for the main growth. When it comes to trends, trends usually need to be viewed over a long period of time, and this chart may just be part of a bull market. But if we consider this graph in the short term, then there was probably a fall and now it has stopped and large players are making purchases.

It would be a side way time for the whole market. I am not waiting for any big rally too soon. Bad news are out every day and the market can not recover with bad news. Stay calm and wait for good news, daily good news, not one good news in one day among dozen days of bad news.

Corrections are part of the market and we are growing big time because we are able to rise again after so many corrections and I see that one healthy for a long term goal with cryptomarket. The chart says a bearish trend, but it goes sideways right after hitting the bottom and that is because whales are catching Bitcoin at the bottom and we can expect the next trend is up trend, just be patience and ride with the whales, keep buying.

Corrections in bull market will be healthy but the issue is people don't know what type of market is right now. Some think it is a healthy correction in a bull market, some think it is a start of a bear market and the bull market already ended. Who is right, only time can say.

If you are not sure about the market but don't want to lose money, sell all and get out of it. You won't get more money but at least you won't lose anything if the market is really bearish.

There is a little downtrend after the value of bitcoin bounced back at $40k though we can't say it still bullish because there is no significant sign that make the market going crazy nor bearish since the movement goes up and down playing around $30-40K. Let us follow the trend what will happen  in the next few weeks.

The market is bad and people believe it is in a down trend. The failure to break above $42,000 make people think more of a bear market. Altcoins are looking at Bitcoin and when Bitcoin is red, most of the market is bleeding.

[nomenclatur]

it looks like a chart like this, it can be seen that there will be a bearish that is quite terrible the decline indicates that the bears market can happen faster I really wonder why everything can be affected and prices are difficult to predict when the Chinese state throws a tantrum in a way that this negative issue really makes altcoins even worse reading the charts and any kind of analysis doesn't mean the market has crashed right now the market is indeed in a very bad time to buy altcoins.

[judaspriest]

it looks like a chart like this, it can be seen that there will be a bearish that is quite terrible the decline indicates that the bears market can happen faster I really wonder why everything can be affected and prices are difficult to predict when the Chinese state throws a tantrum in a way that this negative issue really makes altcoins even worse reading the charts and any kind of analysis doesn't mean the market has crashed right now the market is indeed in a very bad time to buy altcoins.

With what China is doing, it is indirectly very influential on current conditions in the market,
seeing conditions like this of course it will take a long time to see the market can bounce back,
the most important thing right now is to just keep up with the developments

[tokeweed]

What about now guys?  Is this looking bullish or bearish?  This alt is really starting to look bullish imho.  It could be another great spot for another break out.

...  It’s just creeping up higher and higher week after week.

[onecall123]

^ I agree with you. Again, still plenty of time to plan, recover from the dip, and earn profits. So, better wait for your assets to recover from the dip, likely it's already starting. Problem is some people are extremely worried, just don't panic. Don't take my word for it. Do your research first.

[tokeweed]

Check it out.  It’s looking more beautiful by the day.  Would you guys buy into this now or wait for a correction?  It looks like iit’s ready for a break out followed by a big move going up.

Just keep it simple and use optics.  What do your eyes see?

[hd49728]

Check it out.  It’s looking more beautiful by the day.  Would you guys buy into this now or wait for a correction?  It looks like iit’s ready for a break out followed by a big move going up.

Just keep it simple and use optics.  What do your eyes see?

Bullish but it is trying to break out but the volume is bad, smaller than previous failed break outs. So it will fail this time.

If reversing the chart, it means that coin will bounce back very strong.

What chart do you want to discuss? This chart or a reversed chart?

[Handsome Boy]

Ey guys, I need your help.  Here’s a chart of an alt I’m interested in buying but I’m not really sure if it’s starting to look bullish or if it’s down trend continues...  I mean with the whole market being in the red and all.

But just by looking at the chart, without bias, and just by optics or how it looks, is the chart bullish or bearish?



Edit:  I won’t tell you guys the name of the alt for now.  I’ll tell you later.

if the market is correcting, then of course it is very difficult for us to predict whether the chart is in a bull run or bear run, but I believe as long as the market is still experiencing a correction, then of course almost 80% of cryptocurrency will definitely experience a bear run too, but if you really want to invest in these altcoin, then now is the right time, because the market is still experiencing a correction, so if the market starts to grow again and there is a bull run, then of course you will get a lot of profit from investing at this time, because we never know when the market will start to recover (could be in the near future or even in a long time), so it's better for you to buy these altcoin now than you are late.

[tvplus006]

Check it out.  It’s looking more beautiful by the day.  Would you guys buy into this now or wait for a correction?  It looks like iit’s ready for a break out followed by a big move going up.

Just keep it simple and use optics.  What do your eyes see?

It is clear that the price has found its support, but at the same time it cannot break through the resistance. But my opinion is that the further movement of the coin will depend on the movement of BTC. This coin will move in the direction in which the price of bitcoin will move.

[Woodie]

Not sure what time frame this chart represents to get a directional bias but based on what I can I see using ICT trading

this a bullish market as there was a break of structure on the upside...which means price will retrace a bit to the downwards to find the demand order block and will reach for the stars(go upwards).

[Hendra gunawan]

Bitcoin chart today is still sideways. With prices between 30k to 36k. But bitcoin support at 30k is quite strong, this is a good opportunity for those who want to buy. Because when touching the support is usually the price will rebound towards the resistance.

[Xinarae*]

Bitcoin chart today is still sideways. With prices between 30k to 36k. But bitcoin support at 30k is quite strong, this is a good opportunity for those who want to buy. Because when touching the support is usually the price will rebound towards the resistance.

Looking at the charts it seems that the price of bitcoin will increase a lot so there is a golden opportunity to hold bitcoin. Prices are expected to rise later this year prices are down now but wait this resistance will break and go up.

[viananda2525]

Bitcoin chart today is still sideways. With prices between 30k to 36k. But bitcoin support at 30k is quite strong, this is a good opportunity for those who want to buy. Because when touching the support is usually the price will rebound towards the resistance.

Looking at the charts it seems that the price of bitcoin will increase a lot so there is a golden opportunity to hold bitcoin. Prices are expected to rise later this year prices are down now but wait this resistance will break and go up.

we have good support from good news that said Bank America will allow customer open futures trade. maybe it could drive bitcoin price in next few weeks or months ,moreover this news release in bottom price. Hopefull we will see hype anymore to bitcoin and altcoin market so it is be good opportunity to earn profits.

[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.

[BitTraderCute]

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.

[djgtr]

Ey guys, I need your help.  Here’s a chart of an alt I’m interested in buying but I’m not really sure if it’s starting to look bullish or if it’s down trend continues...  I mean with the whole market being in the red and all.

But just by looking at the chart, without bias, and just by optics or how it looks, is the chart bullish or bearish?



Edit:  I won’t tell you guys the name of the alt for now.  I’ll tell you later.

This pin bar chart clearly shows that its a downtrend .You didn't clear the time frame of the chart .However at the end of the chart i am watching a positive momentum and a good small bullish trend and i think it will continue .Its could be much clear if it is candlestick .However i just actually wanna know the coin name i can tell you much and more than .

Does it look like it’s in a down trend?  Here’s an updated one with the time scale shown below.  I’m not really sure what you see but it really looks to me like it broke out from the bottom and it’s now looking like it’s retesting if the resistance has become support.  Dunno...  A lot of you seem to be the better traders around here so you tell me...

Most of the altcoin are now down because it is affected by the falling of the price of bitcoin. Bitcoin now drop down to 31k$ at price so there is also a possibility that the altcoin on price chart may drop down. But there are also so many altcoin that continue to rise even if the bitcoin fall so I think we just need to wait for the next update hoping that bitcoin will rise back soon.

[Stedsm]

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.