No strength in Bitcoin in higher time frames

[franky1]

bull and bear markets are more of the 1+ year stuff
so all these more temporary volatile movements.. call them calve and cubs

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[fiulpro]

If we do move to a bear market, people can still benefit from saving up their coins and at the same time encashing them later in the future and not right away. 40k mark is defiantly important but what's more important is how well bitcoins holds onto themselves at the end of the day during the falling economy. Plus the market is not going down, it's up and down for sure but the minor downtrend is nothing to worry about. I do think that we can always expect the bitcoins and other cryptocurrencies to have such effect every once in a while since the economic situation is easily impacting their price, just hold onto your coins, you never loose until you don't encash.

[pawanjain]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

Currently bitcoin is near the bottom and I think it might pump in the next few months if everything goes right.
I think if bitcoin maintains this price range for a few weeks and doesn't fall any further then it will be a good support.
Bitcoin might pump in the next few months but if it falls further then going back to the ATH may take another year.
It's all just a speculation.

[24Kt]

I wouldn't say that the market is very weak at this time. It's just a price decline - correction on the price. It's just how the market works and looking back 40k isn't a really weak price on a decline, it was lower in recent history. I wouldn't really panic, I think the price will either stabilize around the current one or pump after the correction. Holding on to your Bitcoins would be the best course of action, this is nothing to be really scared of.

And once bitcoin's price is going up, for sure, a lot of people will regret that they haven't bought in this period. As no one can tell what will happen next, it is your own prerogative how you will react on this market. The adoption is quite different today when compare in previous years, so it is up to you how you will gauge the market. Do you think we are heading in the positive direction or not? Because if you have hesitations, pause for a while and assess your financial capabilities.

[Shasha80]

I wouldn't say that the market is very weak at this time. It's just a price decline - correction on the price. It's just how the market works and looking back 40k isn't a really weak price on a decline, it was lower in recent history. I wouldn't really panic, I think the price will either stabilize around the current one or pump after the correction. Holding on to your Bitcoins would be the best course of action, this is nothing to be really scared of.

And once bitcoin's price is going up, for sure, a lot of people will regret that they haven't bought in this period. As no one can tell what will happen next, it is your own prerogative how you will react on this market. The adoption is quite different today when compare in previous years, so it is up to you how you will gauge the market. Do you think we are heading in the positive direction or not? Because if you have hesitations, pause for a while and assess your financial capabilities.

We do have to do our own research and analysis, then decide for ourselves what we should do. We cannot make decisions based on other people's
opinions, because it is not necessarily what other people say is the best for us. Because based on the research and analysis I did, I don't see
the current market conditions as something we need to worry about. Indeed the price of Bitcoin has not recovered, but the price of Bitcoin is
still above the $40k price, this is already a high price compared to the previous decline which was much lower. So I think Bitcoin still has a strong
support price and there is a possibility in the near future Bitcoin price will recover. So I still hold the Bitcoin that I have and if I have extra money
I will use it to accumulate more Bitcoins.

[noormcs5]

Bitcoin is now showing some strength and it is at the 55 EMA in the weekly chart. If this week closes above 55 EMA , then for sure we are heading towards all time high. Good that bitcoin did not break the 30-31K and also it means that the bull market is not yet over.
We have some exciting times ahead of us as we will soon be celebrating new all time highs again. 

[GreatArkansas]

With the breakout on above of $40,000 this month, I became bullish for midterm on Bitcoin. Look how Bitcoin broke the trendline on a monthly timeframe.
And what I noticed also is *not so perfect support when Bitcoin dumped around $31, xxx - $32, xxx last month, and the $30,000 seems to become strong horizontal support here since last year.

[STT]

Just a normal price retraction from my experience its not anything out of the ordinary especially.  Yes BTC is volatile and this is possible, to say this much while the 200 day average is still rising is a bit over reactive.   Price action remains bullish longer term, massive clue is we are greatly higher then pricing just 18 months ago and to stay this high for so long with higher volume is helping to confirm this range.

[virasog]

With the breakout on above of $40,000 this month, I became bullish for midterm on Bitcoin. Look how Bitcoin broke the trendline on a monthly timeframe.
And what I noticed also is *not so perfect support when Bitcoin dumped around $31, xxx - $32, xxx last month, and the $30,000 seems to become strong horizontal support here since last year.

Yes, that's a clean breakout but the most important thing is how we will close this month of February. There are still 18 days left in this month and bitcoin can again come down and close the month below this trendline. If this happens it will be a false breakage but the chances for this is very slim. Being a trader, we should keep an eye on all the possibilities.

[Ararbermas]

I think it's always good to wait for more confirmation mate when it comes analysing the graph because there's always a false signal for your information and the candles suddenly change direction without knowing. Infact as of now bitcoin respected the demand zone in the higher time frame which means there's a possibility in the future it will make another higher highs again. And for me it's a confirmation wherein after respecting the current support level and now its respecting the demand zone as well so i'm very positive that there will be another higher highs in the near future.

[Beparanf]

With the breakout on above of $40,000 this month, I became bullish for midterm on Bitcoin. Look how Bitcoin broke the trendline on a monthly timeframe.
And what I noticed also is *not so perfect support when Bitcoin dumped around $31, xxx - $32, xxx last month, and the $30,000 seems to become strong horizontal support here since last year.

This is what I'm looking right now. After the strong bounce on 30K, We are now finally double bottom in weekly  time frame  which means a super bullish in long term. I'm not looking anymore on short time frame because I'm not doing swing trade on this current price. This might be the last time to see the price on this low level because uptrend is slow building up on long time frame chart. I hope we can break all the resistance along the way to new all time high to sustain this slow pace bullish movement.

[jostorres]

I think it's always good to wait for more confirmation mate when it comes analysing the graph because there's always a false signal for your information and the candles suddenly change direction without knowing. Infact as of now bitcoin respected the demand zone in the higher time frame which means there's a possibility in the future it will make another higher highs again. And for me it's a confirmation wherein after respecting the current support level and now its respecting the demand zone as well so i'm very positive that there will be another higher highs in the near future.

What confirmations are we waiting. Did not they already confirmed before that the btc reached its bottom and is now ready to bounce back? And that looks legit because right now btc is moving forward. It is now finally above 40k.

Unexpected movements are always there no matter if how good you are at your analysis and its better if the final decision could come in you than the others because in the end that was still your money. Not sure if what the op means by higher time frames because he also mentioned daily and weekly but others said that the market is weaker during the weekends yet there are times too that btc is weaker on regular days and higher on weekends.

[doomloop]

With the breakout on above of $40,000 this month, I became bullish for midterm on Bitcoin. Look how Bitcoin broke the trendline on a monthly timeframe.
And what I noticed also is *not so perfect support when Bitcoin dumped around $31, xxx - $32, xxx last month, and the $30,000 seems to become strong horizontal support here since last year.

This is what I'm looking right now. After the strong bounce on 30K, We are now finally double bottom in weekly  time frame  which means a super bullish in long term. I'm not looking anymore on short time frame because I'm not doing swing trade on this current price. This might be the last time to see the price on this low level because uptrend is slow building up on long time frame chart. I hope we can break all the resistance along the way to new all time high to sustain this slow pace bullish movement.

Considering how bitcoin price usually just goes up a lot and doesn't go down as much, we are basically living that right now. For the newbies who do not know, we had 1.4k ATH and then we never went below the previous one, then we broke that and had 20k ATH and never broke under 1.4k, and we had 70k now and never went under 20k. Whenever we even got close, it usually turned around and did another ATH instead.

This is why I believe that long term is looking great, we are in a situation where we are going to end up making a good profit and that is why I believe that we should be simply focusing on the long term big profit that is coming our way soon. It could be in a year, it could be less or more but it is coming.

[mobilestrike]

With the breakout on above of $40,000 this month, I became bullish for midterm on Bitcoin. Look how Bitcoin broke the trendline on a monthly timeframe.
And what I noticed also is *not so perfect support when Bitcoin dumped around $31, xxx - $32, xxx last month, and the $30,000 seems to become strong horizontal support here since last year.

This is what I'm looking right now. After the strong bounce on 30K, We are now finally double bottom in weekly  time frame  which means a super bullish in long term. I'm not looking anymore on short time frame because I'm not doing swing trade on this current price. This might be the last time to see the price on this low level because uptrend is slow building up on long time frame chart. I hope we can break all the resistance along the way to new all time high to sustain this slow pace bullish movement.

Considering how bitcoin price usually just goes up a lot and doesn't go down as much, we are basically living that right now. For the newbies who do not know, we had 1.4k ATH and then we never went below the previous one, then we broke that and had 20k ATH and never broke under 1.4k, and we had 70k now and never went under 20k. Whenever we even got close, it usually turned around and did another ATH instead.

This is why I believe that long term is looking great, we are in a situation where we are going to end up making a good profit and that is why I believe that we should be simply focusing on the long term big profit that is coming our way soon. It could be in a year, it could be less or more but it is coming.

That is what we have to believe with the passage of time and with the coming of more users the price tends to increase and at some stage stay there with which we get a support point and remain in profit. Now when the price increase a little and come near to its previous position then we cannot say that we are weak or we are in loss but we are already in profit with our previous ATH.
Those who enter new and the price come back from the point of their entrance then they have to read the previous trading history of bitcoin they will be satisfied to hold for long.

[Johnyz]

I think it's always good to wait for more confirmation mate when it comes analysing the graph because there's always a false signal for your information and the candles suddenly change direction without knowing. Infact as of now bitcoin respected the demand zone in the higher time frame which means there's a possibility in the future it will make another higher highs again. And for me it's a confirmation wherein after respecting the current support level and now its respecting the demand zone as well so i'm very positive that there will be another higher highs in the near future.

Always wait for this confirmation since our analysis can be wrong sometimes, just like in the past days where we able to rise and go hit the resistance. Now I see Bitcoin down maybe because filling up the gap but after this correction, the price will recover again and this can be a good start for Bitcoin. Buy now before the price rise again, this is probably going to happen.

[GeorgeJohn]

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

From my own understanding of market rotation this time, i can portray that bitcoin is pushing into bullish side gradually because their is change in market price, and i think that it's investors that entered the market with reasonable amount of fund's or capital to correct the market small in order of others to join to push the price to be higher.

so i don't really know if it will traceback to the initial decrement point, because the bond of it to Stick on current price is not strong enough to come in conclusion that we are into bullish season or we are still in bearish, i think the line is still in statistics equilibrium.

[Gozie51]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

The challenges are still the fear gripping the market yet. The recovery has to be slow because investors not jumping in yet and few we are buying still dumping this is why the rate of volatility is yet slow. Last week was waking up for recovery but dropped a little during the end of the week. Higher time or the way low time operate is depending on sentiment.

[sana54210]

From my own understanding of market rotation this time, i can portray that bitcoin is pushing into bullish side gradually because their is change in market price, and i think that it's investors that entered the market with reasonable amount of fund's or capital to correct the market small in order of others to join to push the price to be higher.

so i don't really know if it will traceback to the initial decrement point, because the bond of it to Stick on current price is not strong enough to come in conclusion that we are into bullish season or we are still in bearish, i think the line is still in statistics equilibrium.

This is the thing that people are missing most of the time. There is a big amount of funds involved in the crypto world and even if you see sudden volatile movements there is always a reasonable pattern and reaction involved in it as well. It  means that if you are doing something that is mainly profit based and you are after making a profit only to not care about anything in the crypto world, then you are going to end up with not making a good return at all.

So, there is nothing that could be said about the current market that looks to be downer, it will probably go up because there is no pattern or good reason for it to go down anyway, so why would it go down at right now?

[cryptomaniac_xxx]

Bitcoin is very weak in the higher time frames ( daily & weekly). Slowly and steadily, bitcoin may break the 40k important level. Also on minor bitcoin dump, we see massive dump in the altcoins.

I wonder if we are about to move in the bear market ? What is the hope of bull market in the current circumstances ?

And it seems that we are back again as the price is nearing $41k, volume is not that high and soon we may have to reach that $40k support level again. Recently we have a good pump, even reaching as high as $45k for a brief moment. So we may be really in for a long bear market again. It was a false hope for us to reach $50k, we thought that it is possible with the recent spike, but it is not.

[STT]

Its looking more negative then I realized, I thought we remained in range but just towards the bottom of higher recent pricing.   We are actually through the ice with that range overhead now as potential resistance.   We will have to see how monday goes but Sunday of course is the end of the weekly bar and its looking negative in its formation, quite bearish.  
  Im still more positive then within the downtrend but its disappointing we have not held the range, it has now failed along with various moving averages.  This all suggests we have stalled and must reset to a lower price.