What's next for cryptocurrency?

[Strongkored]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

today's price has not exceeded the price of a month ago so I don't think it's bullish yet and actually this question always arises when BTC price moves in the opposite direction after maybe a few days or weeks the movement is slow and day trades are so concerned with what happens in BTC every day while long holders will just take this as normal.

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[LogitechMouse]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Today? Just a regular day and just a regular day for cryptocurrency as well. Crypto is down? I will not do anything, and I might only visit Coingecko once today. Sometimes doing nothing is better and sometimes visiting either Coingecko and Coinmarketcap only once or twice a day is better to prevent making unnecessary and wrong decisions.

Is it beginning of a bullish period? No and I don't think that it will happen this year. No good news, China's economy in the brink of falling down, US's interest rates are still increasing, the War between Russia and Ukraine is still on-going and other global events. I'm not even thinking of when the market will make a reverse instead, I'm just slowly accumulating more and more coins and will patiently wait.

Good correction? I don't think so. Maybe next year we might see a reverse but I'm not sure about it either.

[DanWalker]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

There will be nothing going on today and tomorrow because we are still in the bear season, so there will be nothing special going on. Don't expect a bull run to happen this year as things are still chaotic out there. In a bull market, there will always be corrections and in a bear season there will always be slight rallies, so don't try to look for the growth to fall into these price traps. The best thing to do these days, don't invest in altcoins, if you have money then collect more bitcoins every day and hold until the bull season comes.

[cryptomaniac_xxx]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

There will be nothing going on today and tomorrow because we are still in the bear season, so there will be nothing special going on. Don't expect a bull run to happen this year as things are still chaotic out there. In a bull market, there will always be corrections and in a bear season there will always be slight rallies, so don't try to look for the growth to fall into these price traps. The best thing to do these days, don't invest in altcoins, if you have money then collect more bitcoins every day and hold until the bull season comes.

Right, but probably the OP is asking because w have seen like a 10% increased, which is something extraordinary in a bear market. So we will have to see first what will be the price in this short rally. Definitely a $25k leg up will be a good relieved in the market. But it could just be a bear trap, or catching a falling knife so we should still be very careful of the movement and it's better to look for long term investment in this bear market.

[NdaMk]

There will be nothing going on today and tomorrow because we are still in the bear season, so there will be nothing special going on. Don't expect a bull run to happen this year as things are still chaotic out there. In a bull market, there will always be corrections and in a bear season there will always be slight rallies, so don't try to look for the growth to fall into these price traps. The best thing to do these days, don't invest in altcoins, if you have money then collect more bitcoins every day and hold until the bull season comes.

You are actually right, I see some altcoins going up most especially this luna, but as we all know everything moves as bitcoin moves. But it is still a deep trap to invest in those altcoins even as the show good sign. Bitcoin is the only way of not loosing your money in this bear period

[GreatArkansas]

There will be nothing going on today and tomorrow because we are still in the bear season, so there will be nothing special going on. Don't expect a bull run to happen this year as things are still chaotic out there. In a bull market, there will always be corrections and in a bear season there will always be slight rallies, so don't try to look for the growth to fall into these price traps. The best thing to do these days, don't invest in altcoins, if you have money then collect more bitcoins every day and hold until the bull season comes.

You are actually right, I see some altcoins going up most especially this luna, but as we all know everything moves as bitcoin moves. But it is still a deep trap to invest in those altcoins even as the show good sign. Bitcoin is the only way of not loosing your money in this bear period

Everything moves as Bitcoins move, but you should consider the percentage of the move here. Because sometimes, there is a huge gap in percentage here, sometimes Bitcoins move a huge percentage compared to other altcoins or vice versa, Bitcoin moves low percentage, altcoins move high percentage, but overall this is good.

[LastKiss]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

I can't be positive if this signal is the beginning of a bullish period since this year we still hear a lot of bad news about cryptocurrency and some external issues. We can hope the market will slowly recover in the next year and hope that we accumulate enough crypto to prepare for another bull in the next few years.

[TheUltraElite]

So,friends
What do you think about today for cryptocurrency?

Every day is a new day and hence we should keep a positive outlook to each day that passes and hope for the best. At the time of writing bitcoin is above 21k USD and this shows a bullish pressure has started after the dip to 18k USD.

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Let us hope that the bullish period has started and the bearish period is behind us for now. But it will catch up again, because of the cyclical nature of the market movements.

This is a correction for now. Whether it will lead to a bigger bull trend, we have to wait and watch. For now, hold on to buying and watch the next movements. If you bought at the low, wait for better prices to sell.

[palle11]

Bitcoin has always been profitable even if you buy at an ATH, so any time of purchase is good deal

Every pair has a good time to invest in it and also like bitcoin. If you buy bitcoin at ATH, you obviously profit only when the price goes back to the entry price so now that the ATH is around $64k, those you bought to hodl are in loses now since the price has dropped far from ATH. Those that will profit anytime they buy are the traders because bear and bull interact in trading.

What do I know though, I don't really do TA.

What do you use then that TA is not for you 

[|MINER|]

~snip~

Not only for short term trading every time when you are going for investment short-term or long-term If it is not analyzed well then it is not possible to earn profit from it . But if anyone looking for investment in alt-coin then I think short-term trading is more safe than long-term And Bitcoin is different, here if one can invest in perfect dip for long-term then it will be possible to earn profit for a while. I think if the top coins are selected for short-term trading then the risk here is much less than others.

[bocyaj]

Now the market was moved towards the green trend.So the price of most of the altcoin was increased to high value.Just hold all your coins for further one month,when the price of bitcoin had raised some good value.It’s potential will be reflected in most of the trusted altcoin.People who had their good altcoin,just hold to get bulk some profit from it.Risk in holding less potential coin as compared to the current market situation.

[ethereumhunter]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Today's cryptocurrencies are working as they should. There are ups and downs, and that is what cryptocurrency is like. The good news is that the bitcoin price has gone back up to the $21k level and while this looks temporary, hopefully, it will continue to keep the price going. I'm not sure if this is the beginning of a bullish period but we can continue to hope that a bullish period will come soon. And another good news is that we are still allowed to buy bitcoin at a low price. Although $21k looks like a price increase, it is still a price worth buying. But if you want to wait for the price to go below $21k, you can wait and delay buying bitcoins at a lower price than now.

[Review Master]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Thoughts about cryptocurrency is same like previous, even more positive. Talking about bearish or bullish, i am still on sideways movement and making great profit based on my own TA. Don't need to be bullish because of some pumps which could be a trap.

[Wakate]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

The market is still bear but we are looking at positive movement as soon as possible since make crypto analysts had been analysing positively about the bull market coming back to us soon. This is the time for us to get as much holdings as possible because when it resumes, many investors would be in profits.
We can keep buying both altcoins and Bitcoin because there are some altcoins that will move faster giving us multiple profits which is the reason why we don't have to neglect circulating our investments.

[KingsDen]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Today's cryptocurrencies are working as they should. There are ups and downs, and that is what cryptocurrency is like. The good news is that the bitcoin price has gone back up to the $21k level and while this looks temporary, hopefully, it will continue to keep the price going. I'm not sure if this is the beginning of a bullish period but we can continue to hope that a bullish period will come soon. And another good news is that we are still allowed to buy bitcoin at a low price. Although $21k looks like a price increase, it is still a price worth buying. But if you want to wait for the price to go below $21k, you can wait and delay buying bitcoins at a lower price than now.

If we should be honest to ourselves, the way btc is moving now is different from what it used to be. I believe a bull run that was supposed to happen has been defeated and seems we moved from bear to another bear. My fear is that we could also continue till another bear. There are many strong news waiting to shake the market the more. The US Congress decision and the proposed regulation of PoW. This isn't a good season for cryptocurrency, if we eventually move from bear to another bear without touching $30k, it means some top altcoins might not survive this time around.

Short term investors should be vigilant and check out for fundamentals while long term investors should approach the market with DCA.

[ololajulo]

If we should be honest to ourselves, the way btc is moving now is different from what it used to be. I believe a bull run that was supposed to happen has been defeated and seems we moved from bear to another bear. My fear is that we could also continue till another bear. There are many strong news waiting to shake the market the more. The US Congress decision and the proposed regulation of PoW. This isn't a good season for cryptocurrency, if we eventually move from bear to another bear without touching $30k, it means some top altcoins might not survive this time around.

Short term investors should be vigilant and check out for fundamentals while long term investors should approach the market with DCA.

All discouraging words of moving from one bear to another will only come out at this time in the bear market, human psychology around this time has always  been the same and will get worse when we step down by the end or year or early next year. There are actually few changes in btc and they are results of the increasing number of longttime holders, this may prevent the 90% dump from previous bear. We usually dont know the news that will shake the market, they are always sudden. We will eventually have the bull market, one mini pump will come to settle the dust before the halving and it wont break the previous ATH.

[Issa56]

I might not be correct, but from my analysis and my observation, I think this is just a pump and it's going to dump again, Bitcoin is not really strong to continue going up am sure it's going to dump again, I think what happen last few weeks is about to happen again when bitcoin hit $25k and dumped back to $18k, I think day traders should be very careful in this zone because anything can happen at any moment. Am sure bitcoin will dump more but no matter the dump, Bitcoin Will definitely recover back so nobody should panic, if you already bought bitcoin then you can hold, don't sell because it's dumping, don't sell your precious bitcoin, the best thing is to top your wallet with more bitcoin during the dump and wait for for the bounce back.

[Viscore]

So,friends
What do you think about today for cryptocurrency?

I'd say that this is just another normal movement and day for the market.

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Since IMO it's just like another day for the market, it could be the beginning or it could just be a trap. We've seen this plenty of times and don't be overjoyed when you see it recover like this way.

Because the faster that it moves like this, the tendency of it to correct faster is also there.

That’s part of market uncertainty and volatility. You will never know if it’s starting to hit the bullish trend or just giving us false hopes and end up in a bullish trap. This is the reason why we don’t have to make rush decisions whenever we see the market starts to recover because we might get frustrated in the end. However, once we see consistent price increase, that could be the real thing that we are waiting for to happen.

[imamusma]

I might not be correct, but from my analysis and my observation, I think this is just a pump and it's going to dump again, Bitcoin is not really strong to continue going up am sure it's going to dump again, I think what happen last few weeks is about to happen again when bitcoin hit $25k and dumped back to $18k, I think day traders should be very careful in this zone because anything can happen at any moment. Am sure bitcoin will dump more but no matter the dump, Bitcoin Will definitely recover back so nobody should panic, if you already bought bitcoin then you can hold, don't sell because it's dumping, don't sell your precious bitcoin, the best thing is to top your wallet with more bitcoin during the dump and wait for for the bounce back.

Trust me, the price will always be in both directions (up and down) and that is why bitcoin is called a highly volatile asset. Speculators can always predict what will happen in the future, but none of them can guarantee when it will go up and when it will go down.

I believe that the right advice for anyone is to respond wisely to all market conditions. There's no need to rush into making an entry, we can still be patient for something that gives us a good chance. Even if people think something very bullish, but I expect the bears to continue longer.

[sayaya17]

So,friends
What do you think about today for cryptocurrency?

I'd say that this is just another normal movement and day for the market.

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Since IMO it's just like another day for the market, it could be the beginning or it could just be a trap. We've seen this plenty of times and don't be overjoyed when you see it recover like this way.

Because the faster that it moves like this, the tendency of it to correct faster is also there.

That’s part of market uncertainty and volatility. You will never know if it’s starting to hit the bullish trend or just giving us false hopes and end up in a bullish trap. This is the reason why we don’t have to make rush decisions whenever we see the market starts to recover because we might get frustrated in the end. However, once we see consistent price increase, that could be the real thing that we are waiting for to happen.

Even though the market looks bullish at the moment, the Bitcoin price has returned to $21k, which a few days earlier fell to $18k. But it's not
a problem to be happy but still have to be careful, because the crypto market is very volatile, so price changes will very quickly. There is even
a possibility in the next few days the price of Bitcoin will go down again. As long as the Bitcoin price has not managed to rise above the $25k price,
I still think the market has not recovered and is still in a bearish trend. Like you said, don't be too hasty in making a decision, we should just
monitor it first for the next week. So that we can know which direction the market will actually move, don't let us take the wrong decision.
Indeed, we must be careful investing in the crypto world, because market movements are really very difficult to predict.