DeathAngel
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October 27, 2022, 02:12:23 PM |
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Just a dead cat bounce in my opinion. Sadly we are still in a bear market & will be for the next 6-9 months if past performances are close to replicated. I still advise DCA purchases throughout this time though, we never know when the bottom is in. We are definitely not in a bull market yet, not until after the next halving.
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tvplus006
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October 27, 2022, 02:47:23 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
This is a common story, when the price of bitcoin increases in price by 10-15%, everyone around begins to dream that an uptrend has finally begun and soon the price of BTC will reach 100 thousand dollars. But in the following days, we observe that the BTC price returns to the previous price level, and the mood of the community changes to the opposite.
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Bitstar_coin
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October 27, 2022, 03:07:10 PM |
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Just saw a similar thread on the btc discussion board, I think those asking this question are still new in crypto, this recent price up is not enough to expect a bull. The alts market is following the footstep of btc, but there is no indication of a bull run yet. OP you have to check back around 2024, right now, smart investors are accumulating whatever they can till after halving.
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danherbias07
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October 27, 2022, 03:11:51 PM |
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Bitcoin is also pumping a bit. I will not call it a bull yet. It could just be correcting the market from the bear that happened which is a lot. Even if Ethereum is going up, there is no assurance that other altcoins will go the same way. It's not like the same market pump whenever Bitcoin goes up. It can pull other coins but I doubt Ethereum can do the same thing. All look green today which is a good start.
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Habakkuk Swen
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October 27, 2022, 03:23:40 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
I think the true BULL market will come not earlier than 2024... What we see now is just regular BTC pump (and I enjoy it!). Bitcoin getting stronger, again. Let's wait and watch
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Sterbens
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October 27, 2022, 03:34:40 PM |
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It's not that easy to conclude just by looking at the market movement starting to climb. As we know that the movement of altcoins is influenced by the movement of the bitcoin price which also increases. I think that no one will be able to predict when the bull market will start, because lately the market is also moving unstable. Today it can go up a few percent and the next day the market goes down again.
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harizen
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October 27, 2022, 03:42:51 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
Not because most coins turned green, we can safely conclude that the bull run now started. That was just a normal day in the market and it happened many times already since the bear trend started. It's fairly normal to see such movement even amid a bear market. That might be a good start though to start hoping a continous increase in the value of our respective portfolio. However, please limit your expectations to avoid frustration.
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len01
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October 27, 2022, 05:35:29 PM |
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the price increase of the past few days is not the beginning of the bulls coming but just a normal pump when the price of bitcoin rises and several other coins will follow, including ethereum. very unlikely in one period to experience bullish twice it is very difficult to happen. when the price increases like this it is necessary to correct before buying because sometimes it is only temporary or will only be sideway
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BIT-BENDER
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October 27, 2022, 08:03:58 PM |
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Well I can deny that we saw some sort of improvement in the market and even bitcoin passed its long term hindrance and got $20,000 and some Altcoins wasn't also left out of this. But I choose not to be too excited about it, because it wasn't like a rally so I don't think the bull run is active.
In my own assumption or thoughts I think the worst might me over and the scare of the bear market getting worse is over, it may not be so soon but if the price stability is maintained we may see the bull run soon.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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blockman
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October 27, 2022, 08:05:17 PM |
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Although was bit worried thinking was left behind since i m still following my portfolio, i was expecting to buy around December this year maybe before the next bitcoin halving which might likely give a strong bull to the rest of altcoin since bitcoin is the mover. But any other good guideline will be appreciated to help add to my portfolio. As long as you do the purchase before the bitcoin halving, I think that you're good and it's a decent entry for most projects as long as you've done your research. Not everything that goes with the bitcoin halving is going up. Most projects do increase but you will have no idea if the choice you've made is going to be part of it.
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Silberman
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October 27, 2022, 08:34:30 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
There is no bull market starting, you have been here for long enough to know that a pump of 10% in a single day means nothing in this market, now if we were talking about the stock market you may have a point as that would be a massive bullish sign, but this is not the stock market, so what does this current movement means? Not much, such a move was long overdue as we have been below 20k for a very long time and this is an attempt by the bulls the break the stalemate.
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JeromeTash
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October 27, 2022, 08:58:26 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
Not yet, we are probably still in accumulation phase. It will probably take months or even a couple of years. Do not be easily carried way, In normal markets such mini pumps and dumps happen. Beware of Bull traps or you may end up being part of the prey that has been trapped. Remember, right now we are in a very tough economic situation.
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ultrloa
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October 27, 2022, 09:03:30 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
Not yet, we are probably still in accumulation phase. It will probably take months or even a couple of years. Do not be easily carried way, In normal markets such mini pumps and dumps happen. Beware of Bull traps or you may end up being part of the prey that has been trapped. Remember, right now we are in a very tough economic situation. This is what newbies misconception about the market since they always think the little recovery to be a bull run and its so dangerous to think that way since they might lose a money for that. Maybe as you said they need to think the tough economic state of the world since for sure this will affect the investments of the people so provably we cannot see any surprising change for that reasons at the moment.
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goaldigger
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October 27, 2022, 09:09:35 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
This is not a bull trend yet but a good sign of recovery, we can only confirm this if the whole market able to break the resistance level and continue it’s momentum. Let’s not get hyped by this current movement, this might be a bull trap as well so be careful and buy only when you think the price is good. Many hope that this is a bull trend, and see if there’s a confirmation for this possible trend.
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erep
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October 27, 2022, 09:59:29 PM |
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This is not a bull trend yet but a good sign of recovery, we can only confirm this if the whole market able to break the resistance level and continue it’s momentum. Let’s not get hyped by this current movement, this might be a bull trap as well so be careful and buy only when you think the price is good. Many hope that this is a bull trend, and see if there’s a confirmation for this possible trend.
The current movement chart is unpredictable although it signals for a recovery market as the bear market has been around for a long time, but we need to analyze the market in realtime to determine the real market direction and I am worried in case of another market crash
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adzino
Copper Member
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www.Crypto.Games: Multiple coins, multiple games
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October 27, 2022, 11:19:16 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
It happens from time to time. Nothing new. Quite normal. I think a few weeks ago, the same thing happened. Bitcoin went above $20,000 but that was for only a while a day or two and then the market tanked once again. No one can predict if it is the bull market or no. The price might keep on going up or it might crash again in few days and this is what is happening right now I guess. The price of bitcoin already went down to almost $20,000 from almost $21,000.
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chaser15
Legendary
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Undeads.com - P2E Runner Game
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October 27, 2022, 11:54:15 PM |
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I remember those newbies before that when the BTC price rose up a bit, it's now the start of the bull run, and will now expect moon price.
OP, to tell if bull run got started needs lots of considerations. It should be a huge increase regardless if it happened overnight or not.
Don't worry once bull got started, you will see lots of threads about it.
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Rengga Jati
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2022, 11:57:46 PM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
A short pump in the market doesn't mean that a bull market will be started. Stay calm and manage yourself to know the exact market condition will to be. We don't know what may happen after that. There are probabilities of a bull trap and then continuing with market correction again. Being calmer in every market condition is a wise decision. If we see a short pump or increased market, we can utilize it, but never think shortly that the bull market is started, because we may be trapped with the thought or opinion and we may fall becuse of this.
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lienfaye
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2022, 04:00:17 AM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
Unfortunately bear market is not over yet. The increase is just a minor recovery and in fact already followed by correction (if you check the current price now). If the bull starts to take over you'll notice the consistent price increase without correction happening. Traders and investors are lively again together with positive news about crypto with newbies joining the ride and engaging themselves. So for now what you can do is buy cheaper coins, hold and forget for a while the market to not be tempted to sell.
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KaliLinux
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2022, 08:22:40 AM |
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Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off. What do you smells from it?
It does seem like you are only looking at the Ethereum price from a small time scale. If you look at the daily price chat for Ethereum price, you would realize that this small pump was since Friday 21, Oct about 7 days ago with like 27% pump but we are actually going down since yesterday 27 Oct. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbOjeheh.jpg&t=665&c=SJr0pWkh1ZA1_A) and this is normal even in a bear market if you zoom out you would notice that a similar incident has happened since the beginning of this downtrend.
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