TheUltraElite
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Activity: 2982
Merit: 1312
So anyway, I applied as a merit source :)
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December 12, 2022, 03:14:29 PM |
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Selling pressure was losing its momentum when we touched 16k USD but the sideways trading continued meaning a buy/sell correction was going on and to cause the reversal of the pattern more buying pressure was needed at that point. Eventually 17k was reached and price is hovering around that range. I do expect the reversal to happen now and gradually the price will go up.
Though the year end is upcoming and we can always expect another bear run because some cashing out occurs during this phase every year, let us hope for the best and not rely completely on previous patterns.
Expect the unexpected in this market and be ready with both fiat and crypto at hand to buy/sell respectively for maximum outcome if you are trading in this month.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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TimeTeller
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 12, 2022, 05:31:30 PM |
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Selling pressure was losing its momentum when we touched 16k USD but the sideways trading continued meaning a buy/sell correction was going on and to cause the reversal of the pattern more buying pressure was needed at that point. Eventually 17k was reached and price is hovering around that range. I do expect the reversal to happen now and gradually the price will go up.
Though the year end is upcoming and we can always expect another bear run because some cashing out occurs during this phase every year, let us hope for the best and not rely completely on previous patterns.
Expect the unexpected in this market and be ready with both fiat and crypto at hand to buy/sell respectively for maximum outcome if you are trading in this month.
With this type of market, it is hard to rely on previous pattern as the situation is different from previous years. Just consider the adoption, I believe more people are into this market today if we compare it in the last couple of years. So we can say that the demand may be different today. However, we can't determine what it can possibly do to the market. The change is still hard to quantify when it comes to its influence in the market. We are still speculating about what may happen next. Accumulation is always here, depending on what you want to hold and when you want to dispose it. Just take for example, the price of btc today is still good to accumulate if you do believe that in the next coming years, it will recover its price.
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jostorres
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December 12, 2022, 05:38:36 PM |
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BTC is probably going to 13K, then 9K and so on.
Don't put fear on yourself because there's law that stipulate that whatever that goes up most surely go down, what i believe is that cryptocurrency and especially bitcoin still have long way to go, the price of Bitcoin falling daily doesn't mean that Bitcoin will not go up again, despite that the experience we had in bitcoin price now is different from the other years experience of Bitcoin decrement, but it's obvious that price Bitcoin shall accelerate to a good point. I don't think he is fearful but he sounds confident so maybe he wants to buy more coins by the time BTC hit those values. That law you are saying there is true but that was mainly used outside while in cryptos we have a different law here and that is the law of supply and demand. There are no obvious signs yet that tells that BTC price will accelerate to a good point but what most of us sees right now is stability and sometimes a decline. If I were to choose if which direction btc will go I think I will choose downwards. I may only change this view towards BTC once we successfully moved on to a brand new year. We only have a few days left, so it's now more easier to accept things that there are no good things that will happen this year.
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
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GeorgeJohn
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 12, 2022, 08:02:05 PM |
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BTC is probably going to 13K, then 9K and so on.
Don't put fear on yourself because there's law that stipulate that whatever that goes up most surely go down, what i believe is that cryptocurrency and especially bitcoin still have long way to go, the price of Bitcoin falling daily doesn't mean that Bitcoin will not go up again, despite that the experience we had in bitcoin price now is different from the other years experience of Bitcoin decrement, but it's obvious that price Bitcoin shall accelerate to a good point. I don't think he is fearful but he sounds confident so maybe he wants to buy more coins by the time BTC hit those values. That law you are saying there is true but that was mainly used outside while in cryptos we have a different law here and that is the law of supply and demand. There are no obvious signs yet that tells that BTC price will accelerate to a good point but what most of us sees right now is stability and sometimes a decline. If I were to choose if which direction btc will go I think I will choose downwards. I may only change this view towards BTC once we successfully moved on to a brand new year. We only have a few days left, so it's now more easier to accept things that there are no good things that will happen this year. When the price of Bitcoin wants to go up, if you are a adequate trade that knows how to interpret the chart of cryptocurrency, you will definitely know when the price of Bitcoin is about to accelerate, so from my own observation in cryptocurrency i do notice when the price of Bitcoin is going up and also going down, it's based on people understanding of the price.
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samcoin
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December 12, 2022, 08:45:26 PM |
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I think there is still more time for people who would like to invest and join the market considering that the results of FTX collapse haven't ended yet whereas more companies and exchanges are declaring their pankruptcy. Apart from this, we recently read some rumors about investigating Binance for money laundering suspicion, these news confirm that the war between exchanges haven't settled which might lead the market for further depreciation.
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cabron
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 12, 2022, 09:05:48 PM |
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I think there is still more time for people who would like to invest and join the market considering that the results of FTX collapse haven't ended yet whereas more companies and exchanges are declaring their pankruptcy. Apart from this, we recently read some rumors about investigating Binance for money laundering suspicion, these news confirm that the war between exchanges haven't settled which might lead the market for further depreciation.
More threats coming since Binance is under attacked by DOJ. This could really get worse if its not just going to end up to just billion dollar fine. CZ being summoned could be possible while FTX is just OK. Great job for SBF spending millions to pay the government. Price could still drop below 15k and the onles who could accumulate despite all these have the advantage to make millions.
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karabiber
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 12, 2022, 09:47:14 PM |
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I think there is still more time for people who would like to invest and join the market considering that the results of FTX collapse haven't ended yet whereas more companies and exchanges are declaring their pankruptcy. Apart from this, we recently read some rumors about investigating Binance for money laundering suspicion, these news confirm that the war between exchanges haven't settled which might lead the market for further depreciation.
Binance is awash with money laundering news. At Binance, Iran based companies are raising $1 billion worth of funds using the Binance crypto platform and the US prosecutor's office is detecting this. The US thinks that its sanctions against Iran have been breached but this is not certain. If the investigation by the US gets deeper and the Binance stock market is sanctioned, the whole ecosystem will be deeply hurt but this does not mean that the ecosystem will never recover. Maybe before every bull the groundwork for the big decline has started.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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EdenHazard
Legendary
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Activity: 2674
Merit: 1048
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December 12, 2022, 10:27:01 PM |
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I think there is still more time for people who would like to invest and join the market considering that the results of FTX collapse haven't ended yet whereas more companies and exchanges are declaring their pankruptcy. Apart from this, we recently read some rumors about investigating Binance for money laundering suspicion, these news confirm that the war between exchanges haven't settled which might lead the market for further depreciation.
More threats coming since Binance is under attacked by DOJ. This could really get worse if its not just going to end up to just billion dollar fine. CZ being summoned could be possible while FTX is just OK. Great job for SBF spending millions to pay the government. Price could still drop below 15k and the onles who could accumulate despite all these have the advantage to make millions. I would never consider it as a serious threat. There always something to investigate for DOJ and they have that power to do so as there is no single company really clean doing their business and that's DOJ job. Things could be really in another dark days in the next few weeks but this sentiment won't change the crypto market as a whole , unlike the ftx scandal ... this DOJ looking to charge binance for potential crimes ... they need some spotlight + a tip maybe from cz. We keep moving up and let's accumulate!
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royalfestus
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December 12, 2022, 10:34:16 PM |
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(....) I say this phase has already begun. So, what do you guys have to say?
Long crypto winter for me until the Bitcoin block halving. Especially the year 2022 is coming to an end, and we expect the year 2024 will be the year of the Bitcoin block halving event. So for me, during the year 2023, it's gonna be challenging for the entire market. Yes, accumulation for me is for this year, I believe, especially since we already fall below $20,000 and Bitcoin is having difficulty regaining this area, we are now in sideways. In the past halving comes far ahead of the market bottom, especially bitcoin bottom and pricing would have started to help miners encourage miner while they break even. Accumulation has begun and many institution have been very busy loading their bags
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carlfebz2
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 12, 2022, 10:46:59 PM |
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I think there is still more time for people who would like to invest and join the market considering that the results of FTX collapse haven't ended yet whereas more companies and exchanges are declaring their pankruptcy. Apart from this, we recently read some rumors about investigating Binance for money laundering suspicion, these news confirm that the war between exchanges haven't settled which might lead the market for further depreciation.
More threats coming since Binance is under attacked by DOJ. This could really get worse if its not just going to end up to just billion dollar fine. CZ being summoned could be possible while FTX is just OK. Great job for SBF spending millions to pay the government. Price could still drop below 15k and the onles who could accumulate despite all these have the advantage to make millions. We dont know on how these news or fundamentals could able to bring out some negative or would really be just simply be ignored.We've been through lots of news lately but still the price do make a good hold on 15-16k price point which is something that we could say that this might be a good support. Speaking about accumulation then of course into those people who do have the funds or money will really be having the advantage and to those who dont have the capacity will really be needing to be wise on making entry point and maximize profitability as much as possible. We cant really determine if the accumulation phase is out or still on doing.Price hadnt move out yet that much.
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TheUltraElite
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Activity: 2982
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So anyway, I applied as a merit source :)
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December 15, 2022, 07:59:46 AM |
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With this type of market, it is hard to rely on previous pattern as the situation is different from previous years. You can if you look at the big picture and for long term hodlers that is important. Just consider the adoption, I believe more people are into this market today if we compare it in the last couple of years. Logically the all time high should be shifted upwards then. More the reason to accumulate at the lower price. We have to be ready with fiat and bitcoin but our objective would be to accumulate more. During times of positive news more and more positive news come in leading to a bull-rage. That is the time of euphoria coming in, people come to learn of bitcoin at these time but this is the wrong time to buy. Patience is what is tested at this stage.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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_BlackStar
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"Crypto Casino and Sportsbook"
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December 16, 2022, 07:41:41 PM |
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I strongly doubt that this stage has begun. We are still at the sales stage and the pressure from the miners continues to grow, and this is one of the signs of a global bear market, there is also an outflow of money from the crypto sphere, provoked by various rumors and speculation. Bitcoin burbled 75% of its past ATH, it still has room to fall. Up to 80-85%, as in past bearish cycles. $15,600 seems to be just as "reliable" support as $17,600 during the May fall. The recovery and accumulation phase will not begin until the spring of 2023, and maybe a little later. We will remain optimistic with the data presented and this cycle will change. There's always room for low price, so it's still a good idea to weigh the risks. I myself have really focused on sticking to my initial idea of investing by buying on dips and DCA, so when we get out of this phase the profits will be made. If Q1 is still bearish or maybe sideways, then Q2 2023 is expected to be able to bring some recovery. We are currently on the slope after two mountains on the daily chart, but the next ascent is getting closer. Optimistic about this. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FHD57hTI.png&t=665&c=rF1fVIB7dNL2Jw)
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BitcoinUpOnly
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December 16, 2022, 11:52:30 PM |
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We have entered the second year of a Bear Market. The market moment we're in has found its support at the peak of 2017's Bull market. There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum. Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase. I say this phase has already begun. So, what do you guys have to say? We're still in accumulation. Q2 2023 will be better I guess.
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goinmerry
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December 16, 2022, 11:59:09 PM |
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A month after this thread is being created, we can say that we are still in the accumulation phase.
Although some green lights happened just recently, we can't say that it's now the start of the expectation of a bull run. What's the next thing to do? Just to accumulate as much as we can as we don't know if something like this, on the price level like this, will still happen in the future after a bull run.
These might be a different 4Q to anyone as they used on seeing a rocketing price during this month.
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tygeade
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Merit: 1059
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December 17, 2022, 06:09:03 AM |
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Although some green lights happened just recently, we can't say that it's now the start of the expectation of a bull run. What's the next thing to do? Just to accumulate as much as we can as we don't know if something like this, on the price level like this, will still happen in the future after a bull run.
Green bars appeared but immediately red bars also appeared and led us to have another round of opportunities to accumulate more. I read some experts opinion which read like we are going to have around $30k level by the times of Christmas. So, keep making use of all available dips right now will transform our life for sure. These might be a different 4Q to anyone as they used on seeing a rocketing price during this month.
This last quarter of this year may act like a launchpad for upcoming bullish to sideways market of 2023. So, even for short term planners, the remaining weeks of this year might show lots of opportunities.
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michellee
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December 17, 2022, 11:50:42 AM |
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These might be a different 4Q to anyone as they used on seeing a rocketing price during this month.
This last quarter of this year may act like a launchpad for upcoming bullish to sideways market of 2023. So, even for short term planners, the remaining weeks of this year might show lots of opportunities. I don't know what will happen next year because this bearish or sideways situation will still occur in Q1 and make the price decline deeper. Maybe making a short term plan will provide a solution for us to decide so we won't be affected by what will happen in the market. And maybe the last weeks of this year will make the market fluctuate more so we can feel the surprises we never expected. We can only be prepared for everything that will happen and remember to prepare fiat to buy bitcoins.
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SOKO-DEKE
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December 17, 2022, 01:10:43 PM |
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Yes, there are occasions when predictions do not come true as expected because of unexpected events that arise despite our analysis and historical research. Since history tends to repeat itself, especially in the cryptocurrency market, this could actually be the end of the bear market. However, this time around, a lot has changed, and this has greatly affected the cryptocurrency market. The events surrounding the Luna and FTX exchange may have discouraged some investors and caused some to panic and continue selling their Bitcoin holdings. As for me, I don't think the price of Bitcoin will rise sharply just because of the word "halving block" but rather when there is a lot of demand in the cryptocurrency sector. Nobody knows where the Bitcoin price will be leading us t0,Will the price of Bitcoin will going up or coming down to 10k dollar who knows?
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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pawanjain
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 17, 2022, 03:08:09 PM |
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We have entered the second year of a Bear Market. The market moment we're in has found its support at the peak of 2017's Bull market. There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum. Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase. I say this phase has already begun. So, what do you guys have to say? I personally think that the accumulation phase is not yet over and we still have some time left for it to be over. I guess 6 more months we will be out of the accumulation zone including the breaking of this zone and retesting the support. May be after that we can enter into a bull market. But we never know what the market has to bring for us.
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RealMalatesta
Legendary
Offline
Activity: 2338
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December 17, 2022, 03:34:19 PM |
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this bearish or sideways situation will still occur in Q1 and make the price decline deeper. Maybe making a short term plan will provide a solution for us to decide so we won't be affected by what will happen in the market. And maybe the last weeks of this year will make the market fluctuate more so we can feel the surprises we never expected. We can only be prepared for everything that will happen and remember to prepare fiat to buy bitcoins.
Yeah, we cannot do anything about the market conditions which is the reason why we need to follow DCA. Keep buying regardless of where bitcoin market is trading will help anyone to get better returns over the times. Some people do stop investing with bitcoins when they do find prices are trading higher than their expected prices (in bullish trend) but in my opinion, we should keep sticking with original plans and same applies even in bearish market as well. So, unlike OP pointed out, the current bearish market alone not a accumulation phase but we should keep buying from here after until a new ATH in 2025. Then we may take a break in 2026 which might be another bearish trend like 2018 and 2022.
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Eternad
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 17, 2022, 03:40:21 PM |
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We have entered the second year of a Bear Market. The market moment we're in has found its support at the peak of 2017's Bull market. There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum. Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase. I say this phase has already begun. So, what do you guys have to say? I personally think that the accumulation phase is not yet over and we still have some time left for it to be over. I guess 6 more months we will be out of the accumulation zone including the breaking of this zone and retesting the support. May be after that we can enter into a bull market. But we never know what the market has to bring for us. I don’t understand exactly what kind of major support everyone is expecting? Afaik 19K to 20k is the peak of 2017 bullrun while current price is way below than that level. I believe 10K is the strongest support because it’s a round number and the typical psychological analysis when finding strong support since the known one is already broken. Bitcoin cycle has a 4 years cycle while the recent bullrun was just ended this year. Base on previous data, we might experience again long crypto winter that is longer than 6 months like what you are suggesting.
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