Don't know what to think

[PercT4b]

Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

[blockman]

Just don't be confident with everything you have read. It could be just another rumor or just someone who wants to play with the readers feeling. But if that so happen that it is for real then prepare for your position and just enjoy this comeback that bitcoin is doing. With too much thinking, it's just going to put much pressure on you and will probably result to you that you're going to sell earlier and then if another pump happens, you'll have that thought that you should haven't sold earlier. That's why it's better to relax with these runs and think of a better plan.

[PercT4b]

Just don't be confident with everything you have read. It could be just another rumor or just someone who wants to play with the readers feeling. But if that so happen that it is for real then prepare for your position and just enjoy this comeback that bitcoin is doing. With too much thinking, it's just going to put much pressure on you and will probably result to you that you're going to sell earlier and then if another pump happens, you'll have that thought that you should haven't sold earlier. That's why it's better to relax with these runs and think of a better plan.

To be honest you are perfectly right, I've dealing with so much stress because of the risk of losing a very clear opportunity to make some profits and this will drive me mad for sure.

By the way, what is your personal opinion about the current situation?

[fara_buduk]

Just don't be confident with everything you have read. It could be just another rumor or just someone who wants to play with the readers feeling. But if that so happen that it is for real then prepare for your position and just enjoy this comeback that bitcoin is doing. With too much thinking, it's just going to put much pressure on you and will probably result to you that you're going to sell earlier and then if another pump happens, you'll have that thought that you should haven't sold earlier. That's why it's better to relax with these runs and think of a better plan.

To be honest you are perfectly right, I've dealing with so much stress because of the risk of losing a very clear opportunity to make some profits and this will drive me mad for sure.

By the way, what is your personal opinion about the current situation?

like some people can only wait for the holder to be able to get the comeback made by bitcoin, but for traders only have two options 1 taking advantage of the rbearish market may be very risky because the accumulation is so low and the second accumulation is waiting for the price to return high although maybe have to be patient

[TravelMug]

Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

Just so remember that TA is not a exact science, so it's a hit or miss really.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

Everyone can make a wild guess, crypto is a speculative assets, and maybe those so called "leak" as coincidence. I still remember one TA in 2017 though, saying that the market will god down around March-April and it didn't and it says it will continue. But then again the market bounce back in May and then the eventual bull run at the EOY.

[Lucius]

I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

I know what you're talking about, but I'm not sure if it's something that can be verified as true information or if someone fabricated the whole thing. It mentions a relatively quick return to levels above $60k, more precisely to reach the new ATH and $70k - but it is not specified when it could happen given that it has been almost a month since we have been on a downward trajectory - if we exclude what happened yesterday.

Even without someone posting insider information, I personally believe that this year is extremely bullish, but as always one should expect occasional corrections which are quite normal. All in all, the situation is not bad at all, because all possible FUD that was launched in the past month failed to bring down the price to less than $30k - which for some was obviously the goal.

We have another 6+ months until the end of the year, and I hope that as the end of the year approaches, things will flare up again

[BrewMaster]

i don't know what TA you are talking about that got trashed but you should know that most TA you see is already wrong regardless of what has been happening recently. and you can always analyze the charts in a way to get a different prediction.

bitcoin has been in a bull market for some time now and i don't think that has changed yet. we may call the past month a small bear market but i don't think it would be a correct use of the term. it was more like a short term bump on the road and it takes time for the bitcoin car to get back on the road again and reach $70k.

[carlfebz2]

Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

Get used to it and this make out some realizations that technicals doesnt really work from time to time when it comes to crypto price movement predictions so you should be aware on this one.

You would really be making yourself get confused if you do heavily rely with technicals then always set up some back up plans incase it wouldnt happen.

Dont make yourself easily believe about of those leaked informations or somewhat because we are all the same speculators here on this market.

[Silberman]

Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

You are still relatively new to the market so I understand that you are relying on external sources for you to decide what to do, but this is a mistake, you need to try to tell what the market is going to do on your own and the best way you do this is by having some experience under your belt, it is going to take time but if you get there you will be able to see more clearly what is happening, it was clear to a lot of people that what we saw was not a crash as it simply did not match any of the instances in which we saw a crash in the past and as such a recovery was to be expected.

[el kaka22]

Do not believe in 4chan, do not believe in the charts, anything you can see that gives you a hint about the future is either made up so that people can manipulate the market or it is simply just a wrong thing that you are looking into, if bitcoin was something we could have looked and saw the direction then we would have been super rich.

I have seen a rich guy paying 10 thousand dollars to build some sort of social media army (for a politician, not crypto) and ever since that moment I am not even entirely sure if a person I see online is actually a person or if it is an army trying to convince me to do something. Which is why the price could either go up or down and we have no idea which one it will be, I still think that we are doing fine, look we are over 40k all over again and that is a great increase however that is not exactly mean it will continue like this neither.

[hatshepsut93]

Ignore the 4chan rumors, they can't be verified and could just be a method to manipulate the market.

It's normal to feel confused, because these are very uncertain times for Bitcoin market. It's on crossroads before bull and bear markets, and no one really knows what will it choose. The coming news could influence the market greatly, and no one, aside from insiders, can predict them. There could be more government adoption or government bans, there could be institutional buys or institutional dumps.

[stomachgrowls]

You would definitely be on confusion if you are trying to believe and trying to make it work into those signals that you hand heard off from somwhere.

As said or mentioned above that we are all in confusion because this market is always been unpredictable. No TA's could make out precise 100% prediction on where the price could possibly go.

Lots of factors that could affect price movement or sometimes there's no reasons at all and that what makes us confused and having the feels on
whats going on with this market.

[inoes]

current market conditions are not suitable to be said to be bearish and also not suitable to be said to be bullish.  I think the condition shows that the market is completely controlled by whales.  Elonmusk, China, America and Tesla... they have an argument that makes the market very unpredictable.  maybe if you like gambling then this is your chance to play futures trading

[STT]

I follow TA alot and none of it gives certainties, its giving scenarios which may happen and in that foresight you are better able to trade.   Moving averages are just simple indicators thats all it relates to, because this particular idea includes the 50 day its about trading not considering BTC to hold or not.   You dont actually to worry too much about trading, its nice to buy at a low during a month but just being part of a rising trend also year to year is enough also.



Mostly we have uncertainty, patterns of selling but the 200 day is rising every day also which means long term positive price action.    The blue and yellow are averages that are very probable to meet

[Reatim]

Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

What are those trashing the technical analysis ?

and how does you come to laugh when you said not knowing what to say?

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

What the heck that death cross always being in the scene when the truth is this may happen or may not . this was just being spam to make some bad reputation for the market.

[janggernaut]

You takes too much thinking about TA if bitcoin. Just let it be. Are you a daily trader? Until you thinking that too hard where the bitcoin price will go later. If it crash, just buy it more or HODL it, just simple as that from me. I don't like to see the chart too often

[Alisha-k]

Technical analysis only depend on past price movement and most times changes direction once a major news pops up. This news which is fundamental analysis causes a spike that can boast the price of a commodity in a very short period of time. I feel it's wiser to buy more coin at this time and patiently wait for it to hit your profit target then you take profit and still reinvest for another profit margin to come through.

[ethereumhunter]

Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

When you feel confused with the market situation, maybe you need to take a break and not look at the market because that can make you disappointed. You can not decide what you will do because you will feel hard to analyze the market move, so taking a break will help you refresh your mind. The bearish trend will be there at the market, but that will not happen forever and as what we saw from yesterday, the price can back to $40k after stays at $35k. So I am sure the bitcoin price will increase later and you just need to wait for a while and have more patience.

[pooya87]

Nobody has some magic ball that can predict the future, most people on the internet are posting random nonsense when it comes to price specially on places like 4chan and only some are actually putting some thought into it and can be called "speculation".
We all know that the price is going to rise significantly based on past performances, the bitcoin potential, how adoption has been growing, the volume of fiat that keeps pouring in, all the positive news and finally with technical analysis. But we can't predict how much and when of it.

[Ararbermas]

Never rely on what others saying because they're all against on the situation of bitcoin. It's better to always make a technical analysis by your own, indeed there are some useful tips how you can read the chart wherein even its long term or short term it doesn't matter as long as you know how to hold your emotions and you have plenty of time to monitor the growth rate especially when it comes short term, it's still  worth it to gain profits to be honest, just put efforts in it instead of worrying because of what others saying. Make your own move as well.