Chato1977
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December 19, 2021, 03:56:04 AM |
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Yes, it is gonna be disappointing to see the market turn more bearish today but I wasn't in the mood to think it bad and get worried. I will hold, that is certainly I gonna do this time, like I wait for the price to recover rather than to make play this volatile network. It looks like whales are playing some games again against the weak hands.
In a month or two, I was very optimistic to see the market back at high again. I'd rather take this chance to buy more while there is a price deduction. Anyways, we'd come to this dip before it going to the bullish again.
Well said, my plan already... We most all watch and play stronger and even more carefully But what about now? is there another plan as the market continues to show resistance at 49k? I seems to understand that the trend will be like this in the next couple of months more . and we will be gaining support again in middle of 2022 or at least last quarter next year.
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Pamadar
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December 19, 2021, 06:54:02 AM |
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Yes, it is gonna be disappointing to see the market turn more bearish today but I wasn't in the mood to think it bad and get worried. I will hold, that is certainly I gonna do this time, like I wait for the price to recover rather than to make play this volatile network. It looks like whales are playing some games again against the weak hands.
In a month or two, I was very optimistic to see the market back at high again. I'd rather take this chance to buy more while there is a price deduction. Anyways, we'd come to this dip before it going to the bullish again.
Well said, my plan already... We most all watch and play stronger and even more carefully But what about now? is there another plan as the market continues to show resistance at 49k? I seems to understand that the trend will be like this in the next couple of months more . and we will be gaining support again in middle of 2022 or at least last quarter next year. Hope is there, mate. We should plan our investment so we can enjoy the benefits. We can't accurately predict what future will bring to our invested money, but it's more on mental skills to keep us holding our assets or buy more for the best interest when bull start to come back. Right now, we are all holding and hoping that the current flows will not go for further fall.
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STT
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December 19, 2021, 07:25:04 PM Last edit: June 12, 2023, 12:22:41 AM by STT |
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Right now price action is not especially negative, its neutral to sideways with a quite slight decline. We are constricted in range below the weekly average, at some point it must break from that but until price action gains the energy to climb out of this trench the pattern is towards less movement; it is the quiet before the storm imo I dont presume we must resolve downwards, more likely we must fail to go upwards first before it would move significantly down through support below and through the long term yearly averages.
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uneng
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December 19, 2021, 07:27:05 PM |
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But what about now? is there another plan as the market continues to show resistance at 49k?
I seems to understand that the trend will be like this in the next couple of months more .
and we will be gaining support again in middle of 2022 or at least last quarter next year.
The best plan is to hold. We never know when a market tendency is going to change, so we must be prepared for that all the time. And we have to be even more careful about our holdings, because there is a constant pressure from the market and from the news to make us sell everything. That is a big mistake whales want us to commit, so they can buy our coins cheaper and pump bitcoin price right after.
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TheGreatPython
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December 19, 2021, 08:23:18 PM |
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Hope is there, mate. We should plan our investment so we can enjoy the benefits.
We can't accurately predict what future will bring to our invested money, but it's more on mental skills to keep us holding our assets or buy more for the best interest when bull start to come back.
Right now, we are all holding and hoping that the current flows will not go for further fall.
I definitely agree that the hope is definitely there. I am not sure if it will be there forever but for now I can see bitcoin being a great long term investment and no matter what happens in the short term, it is fine by me. I am hoping that we get to see something a lot more positive in the near future, it may not be great for a small period of time but eventually it will get better. Even if we can't predict the near future, the very long term looks quite bullish because bitcoin is so much hedged against fiat that we all know fiat loses value which makes bitcoin be more valuable. Put the fact that more and more people run away from fiat and buy crypto because it is a better alternative, that makes the price go up even more. This is why I am hoping that we would end up with 100k+ in 2022, can't say if we will, but that is my aim for this year.
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timerland
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December 19, 2021, 08:36:53 PM |
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OP's TA actually turned out to be quite accurate.
The reason is really mainly due to the halving cycle in my opinion. Prices tend to be extremely bullish in the 1-2 years proceeding a halving, and the bear market kicks in around 2+ years afterwards.
Right now we are on the verge of that bear market timing, and you just have to be prepared for it.
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cryptomaniac_xxx
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December 20, 2021, 01:40:10 AM |
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OP's TA actually turned out to be quite accurate.
The reason is really mainly due to the halving cycle in my opinion. Prices tend to be extremely bullish in the 1-2 years proceeding a halving, and the bear market kicks in around 2+ years afterwards.
Right now we are on the verge of that bear market timing, and you just have to be prepared for it.
Yes, I just we have to accept the fact now that no way that we are going to that 6 digits. It was promoted that this could happen at the end of the year with S2F prediction modelling. But I guess it didn't take into account the covid-19 variant that will grip us in the last week of December taking down all the financial market globally. So now bearish is here and all we do right now is to prepare for the worst again.
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asrinur
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January 02, 2022, 01:31:39 PM |
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In the past month, bitcoin and altcoins have experienced very deep price declines in the 10%-15% range. However, bitcoin became the worst hit, its price corrected violently in the past month, sinking 15%. The weakening of prices occurred due to negative sentiment from China and the FED. Therefore, I see the current decline in the price of bitcoin as possible to drop to the $40k level at least at the beginning of this year.
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magneto
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January 04, 2022, 10:57:58 AM |
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I think that mainly, it has to do with halving.
The bull market usually peaks 1 year after the halving and right now it's just around 1.5 years, which is on the tail end of the bull market.
So it's no surprise that money is rotating out of cryptos right now, especially after the crazy year that we've had last year with the runup in both retail and institutional investment into BTC.
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mia_houston
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January 04, 2022, 01:31:54 PM |
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In the past month, bitcoin and altcoins have experienced very deep price declines in the 10%-15% range. However, bitcoin became the worst hit, its price corrected violently in the past month, sinking 15%. The weakening of prices occurred due to negative sentiment from China and the FED. Therefore, I see the current decline in the price of bitcoin as possible to drop to the $40k level at least at the beginning of this year.
There are many factors that cause the price of bitcoin to drop today, one of which is the FED policy that occurred some time ago, with the FED policy many investors or bitcoin holders have released their bitcoins and have switched back to holding the US dollar which is now considered to be stronger, the decline in bitcoin what happened might not be as bad as what happened in 2018 in my opinion, so that when the correction occurs again it is likely that we will see bitcoin rebound and rise to higher prices, I think sentiment from china does not have much effect on bitcoin this year, because some of the Chinese companies are starting to adopt and develop digital money, as seen in the news circulating recently on twitter. https://twitter.com/BlockBeatsChina/status/1478213772288622595?s=20
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Epaper
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January 04, 2022, 02:47:12 PM |
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We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur. If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible. We don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation.
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Falconer
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January 04, 2022, 03:13:27 PM |
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There are many factors that cause the price of bitcoin to drop today, one of which is the FED policy that occurred some time ago, with the FED policy many investors or bitcoin holders have released their bitcoins and have switched back to holding the US dollar which is now considered to be stronger, FED regulation shouldn't have much impact on holders' decisions to sell bitcoin at low prices. I really can't believe holders actually want to sell their bitcoin just because of FED regulation, I don't think that's right. Big investors have made bitcoin one of the hedging assets that they believe is safe for them, so if they like USD as a hedge then I don't think investors will ever invest in bitcoin. Moreover, China's crypto ban will not be something that Investors will consider in 2022 (very likely) because you must have seen the evidence that China's FUD really can't lower bitcoin price in 2021. After China banned crypto, so bitcoin ATH happened and it happened in November. So it is a fact that the ban no longer has a major impact on the market.
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tygeade
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January 04, 2022, 09:30:46 PM |
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In the past month, bitcoin and altcoins have experienced very deep price declines in the 10%-15% range. However, bitcoin became the worst hit, its price corrected violently in the past month, sinking 15%. The weakening of prices occurred due to negative sentiment from China and the FED. Therefore, I see the current decline in the price of bitcoin as possible to drop to the $40k level at least at the beginning of this year.
I would say it is once again temporary. People are acting as if this is something new and there has been nothing like this before, but the reality is that we have seen these kinds of things before and we just need to find something that soothes us right now. I feel like the amount of times we went low like this is countless and then we recovered from each time. If you want to be worried about price dropping, never get scared of those 15% drops, those are regular stuff in crypto and it is just the price going up and down due to traders. The real threat to bitcoin price is that sometimes it goes up to a level that is super high but then suddenly it has a crash. That crash is like 30%+ in a single day and maybe even 50%+ in under a week. Those type of stuff are the real scary things and nobody can predict when they will happen, so we always get caught off guard.
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bbc.reporter
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January 05, 2022, 01:10:22 AM |
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There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.
In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.
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estenity
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January 05, 2022, 01:34:49 AM |
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There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.
In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.
bitfinex https://www.tradingview.com/symbols/BTCUSDSHORTS/
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kotajikikox
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★Bitvest.io★ Play Plinko or Invest!
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January 05, 2022, 08:09:30 AM |
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We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur. If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible. We don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation. The declines continue this year as the market still fading while the expectation should be an increase at least by some percentage.so you can assess that the market will continue pointing down towards this quarter. There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.
In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.
bitfinex https://www.tradingview.com/symbols/BTCUSDSHORTS/this season? it might be this but back in december when op created this thread?
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bbc.reporter
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January 06, 2022, 04:57:32 AM |
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There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.
In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.
bitfinex https://www.tradingview.com/symbols/BTCUSDSHORTS/This is the one, I reckon. The data for FTX, Bitfinex and Binance cannot be seen in the free version, however. https://www.tradinglite.com/In any case, Sam Trabucco has made a tweet that he is on vacation hehe. He is implying that he is not the FTX whale who is dumping on bitcoin. Sam Trabucco, Alameda Research CEOfolks I’ve been on vacation for weeks, your aggression is mis-targeted (though the market’s dark cloud has also overtaken this vineyard)Source https://mobile.twitter.com/alamedatrabucco/status/1478854061050847232?s=12Do you trust Sam Trabucco? If he is telling the truth, it might be the other FTX whale who is dumping on bitcoin. The other Sam hehe. the other Sam
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
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Questat
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January 06, 2022, 05:06:52 AM |
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The bull market is slowly fading and the bear market is going to take over now.
If we expect at least 1 year of the bull market, I think we should get ourselves ready with a possible bear market. The current price is close to dropping below $40k, and even if it will dump I think it's not yet the dip yet as this bear market will stay longer.
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btc_angela
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January 18, 2022, 08:23:35 PM |
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The bull market is slowly fading and the bear market is going to take over now.
Right, I guess we are really in a bear market now. If we expect at least 1 year of the bull market, I think we should get ourselves ready with a possible bear market. The current price is close to dropping below $40k, and even if it will dump I think it's not yet the dip yet as this bear market will stay longer.
We've reach ATH twice already, that is really a huge bull run after the halving in 2020. And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.
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erep
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January 21, 2022, 03:45:51 PM |
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We've reach ATH twice already, that is really a huge bull run after the halving in 2020. And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.
If the market corrects itself then the market will easily recover the price at least 50% of the initial rate when the market price was high but in fact the market is very difficult to reach the previous price, statements from expert analysis say the market is in a bearish position regardless of any news that is now published in the media.
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