I have become cautious on the market

[marine4u]

According to Glassnode, the whales have been buying and accumulating bitcoins since July. The secret reason why I have become bullish on bitcoin is because I was speculating that those whales might have information that at least 1 of 5 ETF applications for bitcoin will be approved on October. However, it is very difficult to be always optimistic if bitcoin dumps every week for 3 weeks hehe.

Lol, What is more important is that the accumulation of corporations is increasing into bitcoin to store their value. Morgan Stanley has increased its exposure to Grayscale's GBTC trust. It is proof that the power of bitcoin continues to be believed. I believe that is the main trend to relieve the pressure from the Chinese government to reduce the risk of bitcoin.
Taproot is coming and it's really good for bitcoin to kick off a break out of the 50k region

[jakdanyel]

It is better to be cautious nowadays as the market is in a troubling condition. China's decision to ban cryptocurrencies also have an affect on the market as it seems. It didn't affect Bitcoin price very highly but still this can prevent the price from going much higher levels for some time. Unless you are not planning a long-term investment, it is better to wait for now in my opinion.

[bbc.reporter]

What would be the cause to make the market perform worse than it presently is? Would it be the rejections of all the ETF for bitcoin on October? I speculate something very worse. What if Elon Musk announces that Tesla would be dumping all the coins Tesla holds to clear their balance sheet of bitcoin?

[Reatim]

I have become more cautious on the market from speculating that it might pump similar to the pump of December of 2020. My reasons for this are China Evergrande and the speculated connection of Tether’s holding of Chinese companies commercial paper. Tether’s lawyer denies this, however, we cannot trust his word until we can verify this.

Also, bitcoin is moving higher after the dump, however, open interest is not increasing and funding rate is negative. This implies traders are short selling.

We must be observant from the very beginning because this is our money and the market of volatility like crypto needs to be more supervised and alertly checked before we finally put our money.

What would be the cause to make the market perform worse than it presently is? Would it be the rejections of all the ETF for bitcoin on October? I speculate something very worse. What if Elon Musk announces that Tesla would be dumping all the coins Tesla holds to clear their balance sheet of bitcoin?

tesla again. Elon Musk again? could we stop for a while and check the reality if Elon really can affect market that deep now?

he had enough in crypto market and we are now facing the true market without the shadow of Elon Musk.

[bbc.reporter]

@Reatim. Yes Elon. He can affect the price negatively if Tesla sells all $1.5 billion of their bitcoins or an announcement of this might also cause traders to dump in fear.

Also do you know Cathie Wood? She predicted that 1 bitcoin will be worth $500,000 within 5 years. She also said that her fund’s target for Tesla is $3000. However, she has dumped her fund’s Tesla shares. I speculate she is another character who could also dump bitcoin before 2022.

[traderethereum]

@Reatim. Yes Elon. He can affect the price negatively if Tesla sells all $1.5 billion of their bitcoins or an announcement of this might also cause traders to dump in fear.

Also do you know Cathie Wood? She predicted that 1 bitcoin will be worth $500,000 within 5 years. She also said that her fund’s target for Tesla is $3000. However, she has dumped her fund’s Tesla shares. I speculate she is another character who could also dump bitcoin before 2022.

If she is really serious with her predicted price about bitcoin 5 years later, I do not think that she will dump bitcoin before 2022 instead of trying to buy more bitcoin before the price increases.
If she sells her Tesla shares just to buy bitcoin, that will be good for her as she will have more money to buy more bitcoin.
Elon can negatively affect the price of bitcoin, but I guess people will not always listen to him because he already does that and his trick will not work again.
The market is more unpredictable as bitcoin is down and up and down again at the current price and we hope that the price will not go down for more.

[Victorycoin]

Good for traders to be cautious in the crypto market many people are terrified when prices go down this happens when whales have an effect the fall of bitcoin had a domino effect on cryptocurrency markets. Cryptocurrencies have also fallen by more than 10% and cryptocurrency market valuations have plummeted the biggest damage was done but something new will be seen in October or 2022.

[bbc.reporter]

I am becoming presently a little optimistic, however, I remain cautious. The pump for 2 days have appeared to be very strong, but much of them were caused by 2 short squeezes of leveraged short positions. Let us pray that whales will not dump on the leveraged long positions because a small dump can also easily dump the price down to $42k.

[Johnyz]

I am becoming presently a little optimistic, however, I remain cautious. The pump for 2 days have appeared to be very strong, but much of them were caused by 2 short squeezes of leveraged short positions. Let us pray that whales will not dump on the leveraged long positions because a small dump can also easily dump the price down to $42k.

There’s still a possibility that this is just a bull trap, so better to be cautious always than to over confident in the market, you have to look at the positive and negative side of the market and remain neutral since you’re playing with your money, this could help you to prevent from losing money. The market is getting better now, but let’s open for a possibility of a corrections.

[Quidat]

Good for traders to be cautious in the crypto market many people are terrified when prices go down this happens when whales have an effect the fall of bitcoin had a domino effect on cryptocurrency markets. Cryptocurrencies have also fallen by more than 10% and cryptocurrency market valuations have plummeted the biggest damage was done but something new will be seen in October or 2022.

Being cautious would result on being serious or would really be that careful on making out decisions in the market which is really good but acquiring this kind of behavior would really be depending on your experience.
You wouldnt really become to cautious when you dont have actually the experience you do have in the market.When you do actually aware on whats happening around then you would really be careful with your steps
towards your analysis. You could handle already your emotions based on up your experience then you could able to handle that one.

[bbc.reporter]

I am becoming presently a little optimistic, however, I remain cautious. The pump for 2 days have appeared to be very strong, but much of them were caused by 2 short squeezes of leveraged short positions. Let us pray that whales will not dump on the leveraged long positions because a small dump can also easily dump the price down to $42k.

There’s still a possibility that this is just a bull trap, so better to be cautious always than to over confident in the market, you have to look at the positive and negative side of the market and remain neutral since you’re playing with your money, this could help you to prevent from losing money. The market is getting better now, but let’s open for a possibility of a corrections.

Agreed. There some onchain analysis that compares price to longterm holder profit and loss ratio that appears to show that April’s all time high was this cycle’s high.



Source https://mobile.twitter.com/txmctrades/status/1444410892565852162?s=12



However, it might also depend on the approval of ETFs for bitcoin. There are 4 applications that were delayed for 45 days. I speculate more delays on the others may come.



On Friday, the U.S. Securities and Exchange Commission (SEC) has delayed four bitcoin exchange-traded funds (ETF) deadlines for another 45 days. The regulator notes that the entity needs more time to decide on the ETF applications.

Source https://news.bitcoin.com/sec-delays-4-bitcoin-etf-deadlines-regulator-finds-it-appropriate-to-designate-a-longer-period-of-time/

[Victorycoin]

That company doesn't have any connection with cryptocurrency market so I don't see why it could cause a bad movement in the market, plus it's likely that bitcoin will still pump in December, just hodl.

Absolutely, the crypto market has nothing to do with anyone bitcoin is reaching a high position due to the high demand of the market and its ups and downs the market can't be panicked hold on for the best time bitcoin will pump a lot.

[wajik-tempe]

I am becoming presently a little optimistic, however, I remain cautious. The pump for 2 days have appeared to be very strong, but much of them were caused by 2 short squeezes of leveraged short positions. Let us pray that whales will not dump on the leveraged long positions because a small dump can also easily dump the price down to $42k.

New support created and new month started a very good sign, i'm sure it was the time when investors are buying back BTC after they hold another for so long. Let's hope this is not a bull trap and bitcoin going to 50k and keep strong on that.
The media needs to make a good news for bitcoin to make the disappointed investors caused by bitcoin drops, back to invest again because they will see the bright future of bitcoin

[Dhaniii]

some crypto players see market movements in a day, so they are very careful in investing. while some of their investors keep their bitcoins for a little longer, at least 3 months, so the price of bitcoin often falls in the first and second months, they don't pay attention at all, while others panic 3 times a month because they don't have a target in investing.

[rincoeng1986]

Good for traders to be cautious in the crypto market many people are terrified when prices go down this happens when whales have an effect the fall of bitcoin had a domino effect on cryptocurrency markets. Cryptocurrencies have also fallen by more than 10% and cryptocurrency market valuations have plummeted the biggest damage was done but something new will be seen in October or 2022.

after a few days ago the market often fell suddenly, investors have started to worry about investing. just this october bitcoin already has brightness and a sudden pump starts from $40k to $47k all of a sudden. Yes, it's true, as you said, traders have started to be careful about investing or in choosing which tokens to invest.

[ipanks]

some crypto players see market movements in a day, so they are very careful in investing. while some of their investors keep their bitcoins for a little longer, at least 3 months, so the price of bitcoin often falls in the first and second months, they don't pay attention at all, while others panic 3 times a month because they don't have a target in investing.

To be careful is what every investor needs to do before they want to spend their money on the investment. It is better to research for more than invest in a rush because that can lead you to lose your money value. But if that is about invested in bitcoin, your loss can be back to profit in the future, especially if bitcoin prices back increases to the higher price, more than the price you bought before. If you can research before buying bitcoin, you will know when a good time to buy bitcoin and what to avoid while you invest in bitcoin.

[Devifajarina]

I have become more cautious on the market from speculating that it might pump similar to the pump of December of 2020. My reasons for this are China Evergrande and the speculated connection of Tether’s holding of Chinese companies commercial paper. Tether’s lawyer denies this, however, we cannot trust his word until we can verify this.

Also, bitcoin is moving higher after the dump, however, open interest is not increasing and funding rate is negative. This implies traders are short selling.

Caution in the market from speculation is needed, the current market conditions are not so erratic, so caution is needed in making decisions, speculation made by China is also very dangerous for bitcoin and other coins, although not so much impact, but this has affected some investors to refrain from buying or mining, but in the case of bitcoin I believe it will see a rise in price by the end of this year.

[Shasha80]

some crypto players see market movements in a day, so they are very careful in investing. while some of their investors keep their bitcoins for a little longer, at least 3 months, so the price of bitcoin often falls in the first and second months, they don't pay attention at all, while others panic 3 times a month because they don't have a target in investing.

To be careful is what every investor needs to do before they want to spend their money on the investment. It is better to research for more than invest in a rush because that can lead you to lose your money value. But if that is about invested in bitcoin, your loss can be back to profit in the future, especially if bitcoin prices back increases to the higher price, more than the price you bought before. If you can research before buying bitcoin, you will know when a good time to buy bitcoin and what to avoid while you invest in bitcoin.

We must always be careful when making decisions when investing in crypto. Because investing in crypto can not only generate big profits,
we can also experience big losses. Moreover, crypto prices are very volatile, it is very necessary to research and analyze price movements
in the market. In order to at least get an idea of where the market will move, so the decisions taken can be right. Because it is very important
to make preparations, so that the money we use for investment is not wasted.

[STT]

Just recently we are once again approaching the highs or trend highs that match the whole years higher tier price action.   On the recent lows we travelled above the 12hr average with very fast momentum, stayed sideways above that and now find 2 day average marks lows and price registering gains today.
   Generally I wont count any of these gains till it solidifies on 4hr bars above the declining trend, so later Aug highs and mid sept also as per OP

[RealMalatesta]

To be careful is what every investor needs to do before they want to spend their money on the investment. It is better to research for more than invest in a rush because that can lead you to lose your money value. But if that is about invested in bitcoin, your loss can be back to profit in the future, especially if bitcoin prices back increases to the higher price, more than the price you bought before. If you can research before buying bitcoin, you will know when a good time to buy bitcoin and what to avoid while you invest in bitcoin.

When people rush into things that is due to two things ; either they are very new and they want to take advantage of the crypto market like they heard so many people made money from and they want to buy and hope that they would be able make money right away as well, or they are in but they got out and they saw it going up again so they will end up buying again right away to not miss out.

Both actions are wrong, it is always better to wait for a crash before you buy, if there is a huge crash that makes everyone upset then you can buy and then you will make enough money to say that you made a good purchase, plus of course you need to do research as well.