The market is not good

[Slow death]

Yes, now the market is not entirely disposed to trade crypto, but even now it is quite possible to try. In my opinion, with the right approach, the result may well be positive.

About trading cryptocurrency, there no time that is not good to trade it if you can have the techniques for that, whether bear or bull, there are profits to make for those who understand it. In bull trading for example, people still make losses despite the season you can make profit for those who understand trading.

In the last two days the market volatility was terrible, I was particularly wondering what was the reason why the price of bitcoin had increased so fast, so I saw here in the forum that once again the responsible for the increase in the price was elon musk, at least this time he managed to get rid of the panic that his followers were having and is making the price drop a lot

$29k must be considered the support and it's being hit so just prepare that we might meet the past ATH 4 years ago.

 

don't make many people here on the forum have a heart attack

[Johnyz]

Yes, now the market is not entirely disposed to trade crypto, but even now it is quite possible to try. In my opinion, with the right approach, the result may well be positive.

Always have a plan either the result is bad or good at least you try because if you will keep on playing without the plan, you’ll burn that money sooner or later.

The market is recovering, that’s a good sign but the volume is still weak and we need to confirm more indicators first before we say the trend again. We’re not in a bad position yet, hopefully we don’t proceed on that level.

[Fatunad]

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

Deal with it and get used to it.There would be lots of people would whine off whenever bitcoins price tends to fall or when people had seen their portfolio is falling negative.
If you are just new into this market then you would definitely freak out but if you've been here on this place on a while then you wouldnt really mind those words
that do comes out on every corner.Bitcoins price is never been predictable in the first place and you would see those community telegrams or on what places
will really be having their own corresponding opinions and views towards it.Just dont get easily affected by it and stick to your own analysis.

[harizen]

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state. Is it still bearish when there is currently no good situation?

Bitcoin @$32,000 is not in a good situation? Well, in an investment view if you bought at a much higher level, you will really think of that. But your supposed loss is just a paper loss if you still hodl it by now. Only consider selling it and accepts your loss if you intend to day trade it just to cope up with the current phase.

And I don't believe that many community groups in Telegram are in a negative state. You guys are just overreacting. There's no thing as bullish all year long. You should expect that a bearish will happen on the way and will spoil a hype.

[Clavulanic]

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

Yes we still experience bearish while bull is struggling to recover, we still have to learn more control of emotions before success comes. Our long patience of holding will be tested so many times, specially when there's fud that also making us more anxious. All we need is a strong mindset and determination to overcome all those fears, that could pull us down.

[TravelMug]

The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.

Is it still bearish when there is currently no good situation?

Yes we still experience bearish while bull is struggling to recover, we still have to learn more control of emotions before success comes. Our long patience of holding will be tested so many times, specially when there's fud that also making us more anxious. All we need is a strong mindset and determination to overcome all those fears, that could pull us down.

Lol, have patience mate, just look at the price, it's already above $33k from that low price you mentioned $29k. So it's not a pain point or something, it's just the price goes down because of the obvious selling. But on the other hand we have whales and speculators filling their wallet with this cheap and bargain price.

So it's either you sell because you are impatience and afraid that the market might fall down again, or wait and better yet buy at the the dip. Make your choice.

[dothebeats]

Current market sentiment still remains to be bearish, though not in a way that will push prices lower than $29k a few days ago. A lot of speculators and traders in the circles that I frequent expects a sideways market for weeks before a huge move occurs, though several retest of the resistance @ $34.6k is also expected in the weekend. If that fails, $30k-$31k is where the price will fall to, and will be where most of the trading action will happen.

[cryptomaniac_xxx]

Current market sentiment still remains to be bearish, though not in a way that will push prices lower than $29k a few days ago. A lot of speculators and traders in the circles that I frequent expects a sideways market for weeks before a huge move occurs, though several retest of the resistance @ $34.6k is also expected in the weekend. If that fails, $30k-$31k is where the price will fall to, and will be where most of the trading action will happen.

$34k is the next big psychological barrier to break, usually traders looks for whole number mark so let's see if we can breach it in the next 24 hours are the market is really moving very strong this week. The price is now $33,700 from as low as $29k just a few days ago.

But the thing is that we are in the weekends again, so trading and obviously volumes might slow down a bit. And as we enter the last week for this month, at least $34k price levels is very good for us.

[Kittygalore]

I have to say that the current atmosphere of the market is negative because I feel like the stagnation of the prices and some downs is what makes up the negativity. Even so, this is just temporary because there are better days to come.

[Hippocrypto]

We just see it literally as not good because of volatile market and the unpredictability of movement of price in each respective crypto coins value. Though we find it not good, but that doesn't prevent and hinder people to continue their goals for trading crypto investments.
Meanwhile, price goes down and goes up quickly; we must see to it that you're in an optimum level of strategy which sees to it that buying and selling ability will be handled and tested for good

[GeorgeJohn]

The market isn't good right now just like you said but those with great skills at forecasting the Cryptocurrency prices are making it huge with future trading.

Despite the market situation, one can still make huge some pending when market stops being bearish, and that might take more than a year.

It's obvious that market is not at better situation currently but their is no too ways about the corrections, the only time i feel like is better time for bull market to come again is like two years time, despite how market is currently, it's very obvious that their most be a set of individuals who will be beneficiary to the hard time of cryptocurrency, i think a market profiting is base on a personal permutations or strategies used for cryptocurrency transactions or trading, many people complain about bad market, and so many people also kept silent concerning it.

[zanezane]

I have to say that the current atmosphere of the market is negative because I feel like the stagnation of the prices and some downs is what makes up the negativity. Even so, this is just temporary because there are better days to come.

That's normal and it's much better because I don't want to be on a market that is forever positive, in that kind of market you won't be able to make a lot of profit as you are uncertain as to how long the positivity in the market will last.

[Gozie51]

Meanwhile, price goes down and goes up quickly; we must see to it that you're in an optimum level of strategy which sees to it that buying and selling ability will be handled and tested for good

At some point in market movement, no particular strategy is good because it ulters every signal you are expecting but except the strategy can spot the trend of market price, then you can be in profit. Looking for trend is what helps for you to make profit but if you stay against trend, you can be sure of no profit or increase. However we need to buy at low prices and not chase the market. If you are late, just relax and not chase the profit because it will come back.

[Reid]

Always been and always will be. 
Whenever the Bitcoin price goes down FUD will be spread just like what you are experiencing now.
Then, they will be silent when it pumps again.
Of course, they will stay negative without profits coming in their pockets but this is like an event that happened even before and will keep on happening until the price of Bitcoin becomes stable. When is that? I have no clue, I might even be dead by that time.

[Lucius]

In many community telegrams, everyone is in a negative state.
Is it still bearish when there is currently no good situation?

You poison your mind with the garbage that comes in large quantities just from the social networks you mention, from people who really have no idea about anything, or from those who intentionally spread FUD precisely for the reason of knocking down the price and buying as cheaply as possible. If someone turned on their brain and looked at how things have evolved in the past, then they could see that summer in the northern hemisphere has always resulted in a very static crypto market as is the case now.

The crypto market cannot function only on the principle of continuous growth, I guess everyone should understand that by now, although there are a lot of those who invest in crypto and do not know the difference between Bitcoin and blockchain. If someone had told me last year in the third month that the price at this point will be $30k+ I would have just laughed - in other words, you have no idea what it looks like when the market is in bad shape - for me, the current situation is more than favorable.

[Text]

Maybe you’re just saying that the market situation isn’t good right now because the single value of Bitcoin for you is low compared to what it reached ATH a few months ago.  Well, this is not alone, there are many reasons why the price of coins becomes that way.  That depends on what is trending or enjoyed by the users on the different platforms.

[Saidasun]

Yes, now the market is not entirely disposed to trade crypto, but even now it is quite possible to try. In my opinion, with the right approach, the result may well be positive.

About trading cryptocurrency, there no time that is not good to trade it if you can have the techniques for that, whether bear or bull, there are profits to make for those who understand it. In bull trading for example, people still make losses despite the season you can make profit for those who understand trading.

This is dangerous advice there are points where investing would be a bad idea if you are a daily trader as you will lose money if you are a long term holder then it does not matter as much but there is definitely risks in daily trading and your giving bad advice

[ILuckyGuyI]

The market has been actually good for a few days. Because Bitcoin price has started to climb again and it affected nearly the whole market also. When we enter CMC, we see a green graph for so many coins. I wonder whether this is a sign of the end of the bear market and the start of a new bull market. I'm still expecting the bull market to come after the summer. But it may be earlier than I expected as it seems.

[Pamadar]

The market has been actually good for a few days. Because Bitcoin price has started to climb again and it affected nearly the whole market also. When we enter CMC, we see a green graph for so many coins. I wonder whether this is a sign of the end of the bear market and the start of a new bull market. I'm still expecting the bull market to come after the summer. But it may be earlier than I expected as it seems.

Got some good market bounce after that fall from breaking $30K barrier,

Bitcoin as bench mark most coins are moving positively. For day traders this market movements gives them a benefits of rinsing and keep taking decent amount of profits,

while for those who are aiming for long but managed to bought from that dip, they are now in a much comfortable position just need to keep their track with how the market behaves while waiting for their target value.

[eaLiTy]

I'm not sure if Bitcoin has found its bottom. This pump and dump scenario is causing market noise that bitcoin will go below $20K. Don't be fooled by the bull trap. There is too much excitement among everyone. Yet, there is nothing to be bullish about. There will either be an increase or a decrease by the end of the year. There is still a long way to go.

If you are looking for the long term then there is nothing to worry whether the market has reached its bottom or not. Usually by the end of the year during the halving year the price usually rallies but this time around we saw a rally much earlier than anticipated and we already touched an all time high valuation and the market is consolidating and we might yet again see another rally before the major correction, even if that does not happen there is nothing to worry if you are looking to invest for the long term.