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Author Topic: Bear Market started - 16 May 2021  (Read 275 times)
Rengga Jati
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May 17, 2021, 10:43:02 PM
 #21

Not this time. Bullish trend is still ongoing and progressing.  You may speculate too early because of the down trend happened in BTC and also Altcoins.
Don't panic.  This is just another market correction and litle dip market price.
However,  the graphic can still show some waves and also up trend in thr next days and months.  I still believe that there will be other ATHs again for BTC

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May 19, 2021, 07:23:06 PM
 #22

At this time the market has fallen more than 18%, in fact it may also be because China is at war again with cryptocurrencies, it should also be noted that Peter Brandt predicted a natural fall of almost 35%, at the moment he has had a strong correction, but I am much more inclined to the fact that the reason is merely speculative, because there may be a lot of supply in the market

Bitcoin chart fractal notorious for 60%-70% price crashes is back — What's next?

Quote
Conversely, slipping below the 20-WMA wave brought havoc to the Bitcoin market. For instance, the January-December 2018 session logged a 72% decline after the BTC/USD rate slipped below the 20-WMA. It repeated the same pattern in the September 2019-March 2020 trading session; the pair fell by around 60% after breaking below the said wave support.


Source: https://cointelegraph.com/news/bitcoin-chart-fractal-notorious-for-60-70-price-crashes-is-back-what-s-next?__cf_chl_jschl_tk__=5a80a8a6e8e86f1daa43a7a53be72df62c87d3d7-1621432882-0-AcUVeh96NrEwJnUmO5sS506nzskVlyIyd_iqR39pW3Zpz_WfrlnmPJJGzuMYXUejrygy3bQlYa0wR808tWWX2_U4YS9vfFttu0VvrBLRjugGvn-O33R9OvG_CnU_szYjUtN_99VplSnP1Vt_qmZI0Mvre_9r98MShlS1Zc6lonTAjZNe37yHiqg-bDQyRdSNyBKkKkoJzX5NB9_sdRTKjMnyRGAl44d_ubKNVfGPlFAjpCEC_zyYzdGhBvErZGBR7LeXXQ3HelbWmHHDC_BvUyUmd6kmn2ZIEXo06s4frinJ8HLhcwMmjy1L8oe0xkkvcQuGT6HstCijWgjAJ8XPs4VlZrc39e5E7WX2HfEwjAbMMGmXtrq0YJOTIWu0cx8thJZTcZOjJoTuMCv0qotV46b4x-r7LfPJe3pktXBUwix08DxNcw5-60N_FHr5nC85wwv_kyC7vGi0XhiHE4cf5aehWQxVn0kWcsbrcXfOG6wZt3xI7-LSHAxrKYneD5e87A

Also in an article Peter Brandt spoke that he did not want to give his forecast, only that he would realize that many were going to cry for the next movement of Bitcoin, however he showed a chart very similar to the one I shared from the article, the best and most intelligent for those who wish it is to buy in the fall or hodl.

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May 19, 2021, 07:54:11 PM
 #23

And yes, it finally started, from now Bitcoin will start going down, it will not be as 2018 but we will see a downtrend in the next 3 months, if you already made money is time to sell.


How from yesterday is price of Bitcoin yesterday was 30% below the price from 5 weeks ago? If we are in bear market then bear market started mid April and not mid May 2021. But are we really in bear market, or market manipulation is just bigger when bigger market manipulators entered Bitcoin (read Saylor and Musk)
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