I am Bullish On Bitcoin Despite Bear market

[sana54210]

When you arent that completely having no trust on this market specially with Bitcoin then you would likely ending up on selling your stash which is really a very common mistake to be done.
Those perma bulls would be really that sticking into their plans and the best time to accumulate cheaper coins when everyone is really on fear and doubt which do simply
shows out about blood on the streets.We do have that common saying that buy when others are fearful and sell when everyone is greedy.
Its a matter of mindset and a mix of your experience towards the market which would be basing on your future actions.

Yes, I did sell most of my bitcoins. Of course, the sale price could have been higher, but I am nevertheless pleased that I sold BTC at almost the maximum price and can now buy even more bitcoins than I had before. As for "buy when others are fearful and sell when everyone is", so many were already afraid and bought bitcoin when its price dropped to $30000 and are now just watching the market, as they have exhausted their stock of stablecoins.

Wish I could have done that, I am a long term holder and because of that I held my bitcoin when it was 5k but also held it when it was 65k as well, never sold, this caused me to have some profit now, but could had 3x more profit, close to 4x more profit right now.

If you had 1 bitcoin at 68k and sold it, that means you could have bought 4.25 bitcoins when the price went to 16k, wish I did that. It's still in profit so I am not upset, but when it goes to 100k lets say, one would have 100k, the other would have 425k dollars. That difference is huge, and people make money this way, do this a few times and you are a millionaire from all the ups and downs without putting more money in.

[tvplus006]

Wish I could have done that, I am a long term holder and because of that I held my bitcoin when it was 5k but also held it when it was 65k as well, never sold, this caused me to have some profit now, but could had 3x more profit, close to 4x more profit right now...

This story will be repeated regularly and if you look at the bitcoin chart, you will see that investors had many chances to sell their bitcoin at the maximum price, and then buy several times more BTC with the proceeds. And the one who once went through this, in the next bull cycle will definitely sell their coins, trying to buy later at the lowest price. The main thing is not to get cheap.

[Marcorey]

Hi guys I am no expert but according to me GUYS, I'm very Bullish for BTC coz, BTC is forming a Falling wedge and its a huge huge Wedge, when it'll break, BTC will pump hard but,
before that understand this Falling Wedge Bottom is nearly 14k$ & in worst case we can see wick to 10 - 12k,
but 14 - 13k is best best best time to BUY buy buy Alts and BTC ⏳ (keep going on your DCA)
& Next Elliot 5th wave will be huge 🔥⏳
I will buy Bitcoin and other crypto if it came to the 14k level cause I think that at time it should be pumped hard and almost cross 20k dollars in coming weeks.

Long-term investors are generally optimistic about the market and know that now is the best time to buy at low prices. The bear market is an inevitable cycle in the encryption market. Bitcoin still has strong market support, and the price will increase when it enters the bull market again.

[Poker Player]

Long-term investors are generally optimistic about the market and know that now is the best time to buy at low prices. The bear market is an inevitable cycle in the encryption market. Bitcoin still has strong market support, and the price will increase when it enters the bull market again.

Yes, and not only with respect to Bitcoin. I invest in the US stock market as well, and instead of thinking that it's a shame that it's gone down, what I do is take advantage of it to buy cheap. If the asset you buy is top quality, it always goes up in the long run. Times like this are good to buy on sale.

[LUCKMCFLY]

OP's analysis is something very good, I think the things he predicts can happen, for me there are many things in context that can be presented, and for me Elliot waves is another way of looking at it, in my case I don't I want to see it like this, because I see the market as a constant re-accumulation that can occur, however, since it is re-accumulating, I would not use Elliot waves yet, since when I do my analysis I do it through Wyckoff theory , and this is something that can vary depending on the analyst, I really like using it but in the long term, I am not able to analyze in the short term or scalping, I think I still do not have that skill developed.

[Chainsmokers]

Long-term investors are generally optimistic about the market and know that now is the best time to buy at low prices. The bear market is an inevitable cycle in the encryption market. Bitcoin still has strong market support, and the price will increase when it enters the bull market again.

Yes, and not only with respect to Bitcoin. I invest in the US stock market as well, and instead of thinking that it's a shame that it's gone down, what I do is take advantage of it to buy cheap. If the asset you buy is top quality, it always goes up in the long run. Times like this are good to buy on sale.

it is very difficult to predict the market when the market is indeed bearish, moreover we all know that bearishness in cryptocurrencies is far more terrible than others,
I myself also trade and always experience failure, yes pump and dump always occur in the crypto market last year , and let's hope that 2023 is the start of a bull market.

[Inwestour]

This story will be repeated regularly and if you look at the bitcoin chart, you will see that investors had many chances to sell their bitcoin at the maximum price, and then buy several times more BTC with the proceeds. And the one who once went through this, in the next bull cycle will definitely sell their coins, trying to buy later at the lowest price. The main thing is not to get cheap.

How can you tell if the price is at its high? You can sell earlier, and then the price will still rise, or after the sale, you can buy too early. This is easy to say when you already see the graph, but it is difficult to do when you need to make a decision in real time. Although you are right that the price has been at ATH for a long time, and for a long time it is at the bottom, if you do not rush, then there will always be a chance.

[Cling18]

This story will be repeated regularly and if you look at the bitcoin chart, you will see that investors had many chances to sell their bitcoin at the maximum price, and then buy several times more BTC with the proceeds. And the one who once went through this, in the next bull cycle will definitely sell their coins, trying to buy later at the lowest price. The main thing is not to get cheap.

How can you tell if the price is at its high? You can sell earlier, and then the price will still rise, or after the sale, you can buy too early. This is easy to say when you already see the graph, but it is difficult to do when you need to make a decision in real time. Although you are right that the price has been at ATH for a long time, and for a long time it is at the bottom, if you do not rush, then there will always be a chance.

Making decisions about whether to sell or to buy Bitcoin has always been a challenging thing because the price is unpredictable but if we know how to analize the market, we'll be firm in our decisions. Taking advantage of every market situation and not missing out on all the open opportunities to buy and sell would be the most profitable strategy. But when in doubt, hold and wait for the bullish season.

[Mpamaegbu]

~snipped~

How can you tell if the price is at its high? You can sell earlier, and then the price will still rise, or after the sale, you can buy too early. This is easy to say when you already see the graph, but it is difficult to do when you need to make a decision in real time.

This is the same position I've continued to maintain, and any keen trader or investor will also tell you that there's nothing like an overbought or oversold position. We only get that information or such position on the hindsight and that's after price has left the region. In the real time, no one has a way of finding out while it's happening. We often see the RSI (for those who use it) indicating such oversold or overbought situations while price still continues in the same direction.

[tvplus006]

How can you tell if the price is at its high? You can sell earlier, and then the price will still rise, or after the sale, you can buy too early. This is easy to say when you already see the graph, but it is difficult to do when you need to make a decision in real time. Although you are right that the price has been at ATH for a long time, and for a long time it is at the bottom, if you do not rush, then there will always be a chance.

You can, if you have the skills, manipulate it yourself. As I noticed, after you sell coins, the price usually continues to increase and, accordingly, vice versa, when you do not sell coins, the price decreases. So it is very difficult to predict further price movement here.

[Johnyz]

How can you tell if the price is at its high? You can sell earlier, and then the price will still rise, or after the sale, you can buy too early. This is easy to say when you already see the graph, but it is difficult to do when you need to make a decision in real time. Although you are right that the price has been at ATH for a long time, and for a long time it is at the bottom, if you do not rush, then there will always be a chance.

You can, if you have the skills, manipulate it yourself. As I noticed, after you sell coins, the price usually continues to increase and, accordingly, vice versa, when you do not sell coins, the price decreases. So it is very difficult to predict further price movement here.

This is why you should not chase the market and just focus on your strategy, the market might continue to increase but the good thing here is that you already secured profit and the next thing you can do is to wait for buying opportunity again. Timing in the market is very crucial, don’t be sad if you take profit already, be sad if you missed that opportunity. I’m also bullish for this year, its about time to pump again as the next halving will begin next year.

[Sayeds56]

Hi guys I am no expert but according to me GUYS, I'm very Bullish for BTC coz, BTC is forming a Falling wedge and its a huge huge Wedge, when it'll break, BTC will pump hard but,
before that understand this Falling Wedge Bottom is nearly 14k$ & in worst case we can see wick to 10 - 12k,
but 14 - 13k is best best best time to BUY buy buy Alts and BTC ⏳ (keep going on your DCA)
& Next Elliot 5th wave will be huge 🔥⏳
I will buy Bitcoin and other crypto if it came to the 14k level cause I think that at time it should be pumped hard and almost cross 20k dollars in coming weeks.
Here is chart that I am giving technical knowledge.

Though I am not a market analyst, but I agree with your opinion that worst is over now, and Bitcoin is already bottomed out. We might not see Bitcoin falling to 14K or even lower, but it can only happen if we see repeat of FTX like collapse of any big exchange.

 Next week CPI report of December-22 will be released. Hopefully, CPI report will reflect more of falling trend in inflation. Falling of inflation may tempt FED to end interest rate increase which will be good news and likely to trigger buying in crypto.

[tvplus006]

Though I am not a market analyst, but I agree with your opinion that worst is over now, and Bitcoin is already bottomed out. We might not see Bitcoin falling to 14K or even lower, but it can only happen if we see repeat of FTX like collapse of any big exchange...

It should be noted that those who are optimistic and believe that we have started an upward movement in the market - 50%. The other half of traders believe that we have not yet seen the minimum price and expects that they will have the opportunity to buy bitcoin for 8-10 thousand dollars.

[crwth]

Next week CPI report of December-22 will be released. Hopefully, CPI report will reflect more of falling trend in inflation. Falling of inflation may tempt FED to end interest rate increase which will be good news and likely to trigger buying in crypto.

I do hope that the consumer price index will be off, resulting into a positive upside of the price of cryptocurrency, mainly bitcoin. I am hopeful that it would be an effective one and put the result into a positive instead of those negative surrounding crypto now.

I’m quite biased because I want to buy more at a lower price, but I don’t want seeing the market go down again too much that a lot of people would probably get out again.

[CapGelatik]

Though I am not a market analyst, but I agree with your opinion that worst is over now, and Bitcoin is already bottomed out. We might not see Bitcoin falling to 14K or even lower, but it can only happen if we see repeat of FTX like collapse of any big exchange...

It should be noted that those who are optimistic and believe that we have started an upward movement in the market - 50%. The other half of traders believe that we have not yet seen the minimum price and expects that they will have the opportunity to buy bitcoin for 8-10 thousand dollars.

We all also don't know when the price of Bitcoin will drop to that extent,
so it's better to take advantage of the opportunities that exist to buy but it all also depends on each other's decisions,
it will be too long maybe if waiting for the minimum price

[taufik123]

It should be noted that those who are optimistic and believe that we have started an upward movement in the market - 50%. The other half of traders believe that we have not yet seen the minimum price and expects that they will have the opportunity to buy bitcoin for 8-10 thousand dollars.

We all also don't know when the price of Bitcoin will drop to that extent,
so it's better to take advantage of the opportunities that exist to buy but it all also depends on each other's decisions,
it will be too long maybe if waiting for the minimum price

Take advantage of the -70% downside when this is already a good opportunity. If you still hope for another decrease in the price of 8k-10k, that is each person's choice. But a price that low is still too far for now, unless the market is really not doing well and lots of FUD require bitcoin to collapse again.

Just hoping that 2023 will be a year of recovery for bitcoin and altcoins. 2022 was already full of unexpected dips and some FUD news that sent the crypto price crashing even further. are we ready for the next decline this year, or will we continue the rally until the 4th cycle will occur?

let's wait what surprises will happen in the crypto market.

[tvplus006]

Take advantage of the -70% downside when this is already a good opportunity. If you still hope for another decrease in the price of 8k-10k, that is each person's choice. But a price that low is still too far for now, unless the market is really not doing well and lots of FUD require bitcoin to collapse again...

Many would like to see not 70%, but 95%. But the reality is that bitcoin, unlike most altcoins, cannot lose such a percentage of its value. And if this really ever happens, then it will be possible to say that this is a complete collapse of the cryptocurrency market.

[Sayeds56]

Take advantage of the -70% downside when this is already a good opportunity. If you still hope for another decrease in the price of 8k-10k, that is each person's choice. But a price that low is still too far for now, unless the market is really not doing well and lots of FUD require bitcoin to collapse again...

Many would like to see not 70%, but 95%. But the reality is that bitcoin, unlike most altcoins, cannot lose such a percentage of its value. And if this really ever happens, then it will be possible to say that this is a complete collapse of the cryptocurrency market.

The things are getting better now, and this morning market opened with positive trend with Bitcoin price increasing by  2%, currently it is trading at $17223 which is above its pivot point (16,818) on weekly chart. This is a sigh of relief for Bitcoin traders who make their living by trading in crypto. If this trend continues, there is a possibility that Bitcoin breaks its next resistance at 18,800, and CPI report comes in line with market expectations, then Bitcoin is likely to close above 20K by the end of current week.

[tvplus006]

The things are getting better now, and this morning market opened with positive trend with Bitcoin price increasing by  2%, currently it is trading at $17223 which is above its pivot point (16,818) on weekly chart. This is a sigh of relief for Bitcoin traders who make their living by trading in crypto. If this trend continues, there is a possibility that Bitcoin breaks its next resistance at 18,800, and CPI report comes in line with market expectations, then Bitcoin is likely to close above 20K by the end of current week.

The fact that the price of bitcoin has increased by 2% cannot prevent it from falling by 5-10% in the next 2-3 days. And of course it cannot serve as a confirmation that the market has turned around and an upward movement is beginning. But everyone can make a small profit if they have opened a long position.

[GeorgeJohn]

So you mean this week bitcoin's value may fall further between 14k$-13k$ and this is a good opportunity to buy it again and hold? How sure are you technical analysis dude that this is going to happen?

Because according to the chart that I see, what you say can and cannot happen, dude. Because the market is unpredictable, its value can go up and down at any moment. Are you suggesting that bitcoin holders sell now and wait for it to fall to around 14k$-13k$ right?

We don't need to be curious of the price of Bitcoin either it will increase today or fall tomorrow, what i want you to know is that, according to the chart of Bitcoin we are still in the bearish market, even though Bitcoin have a little change in the market and it happened that the price its  up to twenty thousand with this period, so it's as same as bearish season.