The market is confusing

[Wakate]

Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days. Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.

We all know that Bitcoin controls the crypto market and it is a good determinant of most altcoins(maybe all). The fall of Bitcoin had affected the crypto market and I think keeping an eye on Bitcoin is very important to determine the fate of most alts in the market. I have seen much number of fud coming up with different technical tools of the market going down more.

What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or  claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.

Following the market, trend should not be as confusing like the way it is currently, especially for those that care much about the market direction and are not too skilled on analysis the market direction.

[jackg]

Those analysts are giving their opinion on what they think will happen. No one is more than about 75-85% accurate.

Logically, based on what I've seen before. I expect us to range between $30k-$40k for a while (maybe a few months), break the $30 at some point potentially to spread a bit of panic and then go back to continue the previous trend upwards (at least past $60k).

If a lot of people seem bullish and bearish at the same time, it might be because something similar to this has been seen by them and a few will know of the potential to keep staying low (and bouncing between $30k to $40k for a while would actually make any up move quite a bit healthier).

(obviously this post is given for educational purposes only, there's a good chance the market does something completely different - and the numbers aren't accurate due to summarising slanted resistance lines).

[boyptc]

It is true that bitcoin is always like the signal giver to the market.

This is the beauty of the market, you get insights from the two different sides and it's up to you who are you going to believe. But if you also do analysis then you must rely to what you think is right and accurate.

Honestly, you don't really have to rely with any of those predictions, speculations or analysis. If you can have your own then that's much better because what's proven is that, no matter someone is good in analysis, bitcoin has always and will always be unpredictable.

[kaya11]

It really is confusing, way back when I was new I was exploring about Bitcoin and trading and stuffs, at first I was thrilled and excited but later on it did not matter at all as I was blown by the hype and all the things I have read are probably just temporary and depends on current situations and trends, some choices I have made are influenced by my colleagues, family and partners in businesses. I have been in this circle of decision makers and never I have regretted joining them. It is up to you to hear them or you single handedly do it.

[palle11]

some choices I have made are influenced by my colleagues, family and partners in businesses. I have been in this circle of decision makers and never I have regretted joining them. It is up to you to hear them or you single handedly do it.

Truly if you find support and encouragement from friends and family, you can be strong to get up anytime you fall and the best part of it is finding partners in the trading business who are really good and you all can trade and investment rightly. If you have good traders who will guide you then the market is not confusing however it is always a learning process.

[Ararbermas]

Most traders nowadays are just sharing their opinions and prediction mate wherein its not final for sure since market still not showing stable growth rate. But as a trader in my personal opinion, probably you should know that there's always a way in order to make profits despite of the situation especially if you've been trading for years now. For me i used to back test which strategy will works or not in every situation..

[Husires]

I'm going to quote this picture:



Source: https://bitcointalk.org/index.php?topic=5384056.0
February looks good historically, but this year is exceptional, we haven't seen it reach its peak ($100k) next year.
Positive hint: We started the year with a low price and also the month, so it will be a positive month anyway.

Will we return to 40k, 50k, 60k or more, this is must be your question

[Fatunad]

Most traders nowadays are just sharing their opinions and prediction mate wherein its not final for sure since market still not showing stable growth rate. But as a trader in my personal opinion, probably you should know that there's always a way in order to make profits despite of the situation especially if you've been trading for years now. For me i used to back test which strategy will works or not in every situation..

Everything is speculative and we do all have that presumptions on what the price would gonna look like but it is just all assumptions.If the market was predictable since from the beginning
then we wouldnt really be having time on keeping on speculating and all of us would really be that rich since we could really make out easily.This is where experience
would really be the key on sustaining yourself into this market and this is where we do strive on surviving this market.

[Johnyz]

I'm going to quote this picture:



Source: https://bitcointalk.org/index.php?topic=5384056.0
February looks good historically, but this year is exceptional, we haven't seen it reach its peak ($100k) next year.
Positive hint: We started the year with a low price and also the month, so it will be a positive month anyway.

Will we return to 40k, 50k, 60k or more, this is must be your question

This could be a great pattern but should not be your sole basis on investing because there’s no guarantee for this though I’m also confident about $100k price, its just that we can’t tell when it will happen. The market seems confusing but better to be more focus always and analyze properly to know your next move, don’t let your emotion drives you on the wrong direction, stay on a good path.

[Scripture]

Most traders nowadays are just sharing their opinions and prediction mate wherein its not final for sure since market still not showing stable growth rate. But as a trader in my personal opinion, probably you should know that there's always a way in order to make profits despite of the situation especially if you've been trading for years now. For me i used to back test which strategy will works or not in every situation..

Traders should have their own ways on how to make profit in the market on every situation, only those who have nothing are the one who depends on any trading signal, this is way more risky.

The market is unpredictable but one thing is for sure, profit is always here you just have to timing it perfectly. Trading is not easy, understand the market situation have some prediction and support it with your own analysis. The market is very challenging to me, don’t get confused by this.

[Kelvinid]

Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days. Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.

They have their own opinion and market analysis, and even you OP have different as well. Ain't that confusing for me for as long as we are following the trend unless we don't. But yeah, upon seeing the market chart we are also in doubt where it goes, we can't see which part has been stronger now either the support level or resistance.

But anyway, I was in the fact that the volatility of the market makes things unpredictable and no expert could tell about it. That is why we shouldn't have to be confused what is the direction of the trend as surely it's still unpredictable.

[Kemarit]

Well, that's crypto market for you, it's really hard to understand where the price is going to be and that's why the market is very interesting because no one really knows what it is going to be. Last year we have a prediction that the price will hit 6 digits and everyone is very excited.

But it's obviously, a missed, but you can take this as experience though. Yeah, it might be confusing most of the times, but if somewhat you hit the market at the right time, like selling at top or buying at the floor price then it's a great feeling.

[electronicash]

selling at ath is easy. many will just sell as long as they have already profit, they don't even wait for the market to show overbought but buying at the bottom is likely the most difficult to do because there are lots of bottoms to see. and breakouts could be a potential loss for anyone who will buy at a certain price that they thought to be the bottom.

the market is confusing when we see it had dropped several times and it had not recovered since. it may be even good to sell today and wait for the price at $30k or buy now before it will move quickly up.

[justdimin]

What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or  claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.

Yeah, always being cautious is highly recommended. Being optimistic may help in long run but you never need to be pessimistic in bitcoin market as even in bearish trend you should go for regular buying to make sure that you are getting better average for all your bitcoin holding.

Bitcoin market may not confuse the people who are all into some plans. Only those active traders who try to fish for momentary benefits might get confused and may lose due to unpredictable market volatility. So, planning for long term holding and making use of dips could help anyone for current market scenario.

[TheUltraElite]

Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days.

Does that matter? What someone says does not matter in the market. So there is no need to pay any heed to them.

Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.

Everyone has their own logic. But they change their point when the market starts moving again. Because the market became a bit stagnant at 35-38k levels they are coming up with such statements.

I have seen much number of fud coming up with different technical tools of the market going down more.

Again, does the technicals always indicate the market movement? No. It is a 50-50 thing here.

What perspective are we going to accept here?

You dont need to accept any of them. If you are trading, just place orders for buy and sell at a range and then go back to your life. If you are day trading, then you would have a lot of problems wading in a stagnant market, which I dont suggest people to do.

Following the market, trend should not be as confusing like the way it is currently, especially for those that care much about the market direction and are not too skilled on analysis the market direction.

Trend can be anything, but trends cannot be determined by a one-day approach. You would need a few days at least. Dont listen to what others say but capitalize on what others fear.

[Oshosondy]

Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days. Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.

I read recently that thousands of bitcoin were moved out of exchanges, this can be the start of bull run, but we should still never forget that if this year is related to the past time which is 2018 in the previous halving, then this year will be bearish than bulllsih. After the whole news that bitcoin consolidated at around $35000 and that holders are moving their coins from exchanges to their personal wallet, the price rose to over $38400 but nothing much after that time. We should be careful and not enter into bull trap.

We all know that Bitcoin controls the crypto market and it is a good determinant of most altcoins(maybe all). The fall of Bitcoin had affected the crypto market and I think keeping an eye on Bitcoin is very important to determine the fate of most alts in the market. I have seen much number of fud coming up with different technical tools of the market going down more.

Altcoins are following bitcoin trends but altcoins are riskier during bear market, they increase very well in bull run, they also decrease very well in the bear market, they decrease even than bitcoin, this is the reason it is good to avoid altcoins in bear market.

What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or  claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.

This time may be bearish, we have to be very careful.

[passwordnow]

I'm going to quote this picture:



Source: https://bitcointalk.org/index.php?topic=5384056.0
February looks good historically, but this year is exceptional, we haven't seen it reach its peak ($100k) next year.
Positive hint: We started the year with a low price and also the month, so it will be a positive month anyway.

Will we return to 40k, 50k, 60k or more, this is must be your question

This is a good table for the historical prices of bitcoin for the month of February. I guess if history repeats itself then this month is going to be better and not confusing to the others.
And after that, what we need to worry and be ready is with the month of March. That month is always where the drops have been showing and just as much as we know, we should prepare more for that month only if the table is going to do the same result.

[joeperry]

What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or  claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.

Most of us doing trader rely on technical analysis, we can't just claim the price will go bullish and go buying without any other information that will backed our decision it is like buying coins without thinking and we can only rely on technical analysis what it is printing, yes it is true that it is volatile and unpredictable but that doesn't mean that we can't rely on the technical analysis.

[el kaka22]

Most of these people who call themselves "experts" do not know what they are doing, the reality is that we are talking about something that is rare to do and we should probably not listen to them. If they were so smart about making that type of money, they would have retired by now for sure.

The reality is that many people would fail to make that kind of prediction, it is still "possible" at times, obviously there are times people do make predictions and they are right, people are not wrong 100% of the time but they are wrong at the very least "sometimes" even if not most of the times.

It means that if you listen to them and make investments based on what they say, then you may end up with losing some money as well. This is why I doubt that people would be able to make a profit, not saying that you WILL but there is a chance that you might, which doesn't worth the risk.

[Mpamaegbu]

Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days. Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.

Yep, there's always different views and predictions of where price is headed because of the different lens from which traders see the market. By lens I mean – Timeframes. We can rightfully also add – the temperament of traders too. However, whatever any trader does, it should be objectively done. Certain traders will want to keep a bias mind to where price and trend should go even when their indicators tell them otherwise. This is a misjudgment because someone is allowing their emotions get the better part of them. Going forward, OP isn't the only one in a state of confusion while viewing the market. It used to stumble me too as to why someone will place a buy while another places a sell at the same time on the same pair. But now I know better. Nevertheless, my overall perspective on Bitcoin this first quarters is that it will be bearish.