Alts Blood Bath for Feb?

[tokeweed]

I'm just looking at charts of ETH and other altcoins rn and I feel like we're in for another blood bath.  And February could end up bad with most alts ending in red for the month.

I'm not sure what's going on and what's causing most of the market's volatility but it's not looking good guys.  Whales look like they're running stops then shorting the market themselves..  Does anybody what's up with the sudden change in sentiment?

Anyway US session starts soon.  Let's see how it goes...

[nioctib_100]

My prediction: just another month of nothing. We've been sitting at the same BTC price since June, and if I had to bet one way or another, I'd bet nothing is special about February. Alts and Bitcoin will stay roughly flat. Long term, I think they're going up, but I just see nothing dramatic that changes it one way or another this month.

[kotajikikox]

It is indeed that there are some reds not only in altcoins but also in bitcoin , but it does not show about Blood bathing instead all cryptocurrencies are moving same way and yes not that bad at all because showing the chart is at least 10% losses and this can move easily with one good news.
we are in Mid February yet bitcoin staying in 20k level , if this continue to show strong then I believe that alt will hold this level also.

[el kaka22]

To be fair it isn't that much down, and yeah it does look a little bit red, but not a lot to say it is a blood bath. We had 80%+ drops in 2022, this 5% drop is nothing compared to that if you ask me and would only be bad if it keeps happening all the time, if it doesn't then I am guessing that it will become something quite usual and not a big deal at all.

Plus, we could go up this much in a single day, the only bad runs are the ones that you can't recover from in a single day, this one is not like that. Can't ETH or BNB or whatever end up going up 5% in a day? It can, we know this and we have seen this, which is why we shouldn't be really worried about the current situation.

[darewaller]

To be fair it isn't that much down, and yeah it does look a little bit red, but not a lot to say it is a blood bath. We had 80%+ drops in 2022, this 5% drop is nothing compared to that if you ask me and would only be bad if it keeps happening all the time, if it doesn't then I am guessing that it will become something quite usual and not a big deal at all.

Plus, we could go up this much in a single day, the only bad runs are the ones that you can't recover from in a single day, this one is not like that. Can't ETH or BNB or whatever end up going up 5% in a day? It can, we know this and we have seen this, which is why we shouldn't be really worried about the current situation.

Maybe the OP just treat these little declines on the price as a sign for something much worse later on. It is said that alts follow the command of BTC and if we looked at BTC right now, it is recovering again. By this said, altcoins should also recover. I am the exact opposite of what the OP is thinking right now.

Plus, there is also no major negative news that is being reported in cryptos which can trigger a dump in their prices, not like last year where we have lots of it and then there is also a bear market. What we have right now are only a recovery and a small bull run in preparation for the bigger one. This is why were unlikely going to experience a blood bath not even for altcoins.

[blockman]

I am also not sure what's happening but the most recent, bitcoin and eth pumped and then we all know what's next with these. Most of the crypto in the market was up again.
Although it's common to see those losers every day whenever these two movements, we're all sure that everything is doing fine. But just like you, I don't know what's the reason why there was a sudden push a while ago.
While after this push, I am now expecting that we might see some bloods again on the weekend.

[Reatim]

I'm just looking at charts of ETH and other altcoins rn and I feel like we're in for another blood bath.  And February could end up bad with most alts ending in red for the month.

I'm not sure what's going on and what's causing most of the market's volatility but it's not looking good guys.  Whales look like they're running stops then shorting the market themselves..  Does anybody what's up with the sudden change in sentiment?

Anyway US session starts soon.  Let's see how it goes...

2 days after this post mate? look at the market now? it seems that Blood does not stay long and just wiped out now by the Greens

https://coinmarketcap.com/

will never believe that Blood bath will truly coming this 2023 and not just February .

but thanks for this , it made me think to be ready as this increase now might be the last blow before dumping again .

[yohananaomi]

2 days after this post mate? look at the market now? it seems that Blood does not stay long and just wiped out now by the Greens

https://coinmarketcap.com/

will never believe that Blood bath will truly coming this 2023 and not just February .

-#-

In my opinion, yesterday it was red and although now it is indeed back to green, it seems that the increase has only had a temporary shock effect,
but I haven't read or heard any information about the improvement in the economic crisis this year, which is a reference that this year has indeed started to improve.
So if it's starting to turn green at the moment it doesn't mean that in the future it won't turn red again, I think it all just depends on how this crisis will actually end soon.
But making an investment is the right time to keep buying and holding on until the upcoming halving in the next year.

[electronicash]

the market suddenly pumped today. there are hopeful predictions today in which they are saying that the death cross in the weekly chart is actually a bullish signal for the market which means the bottom is here. and there is nowhere else to go but up.

there may just be a little downward movement in the coming months but before we enter 2024, the repeat of 2020-2021 will be bullish. and altcoins will also be greener. It's time to stack up more of the cheap altcoins.

[el kaka22]

Lol seriously, as if the whole market waited for this topic to be opened before it could go back up again. Bitcoin is 24.5k again and everything else went up a lot as well. This is basically a proof that the market could always recover at all times very quickly and we should be quite happy and alright with whatever we have. I am not saying it is an easy thing nor a hard thing for it to recover but it is certainly a sudden thing.

You may think it took over a year for it to start going up, but the reality is that it took just one afternoon for it to start going up. So that means anything could happen suddenly and we should not be too pessimistic about the past.

[goaldigger]

Bitcoin did a great pump in the past days, and the altcoins are also following that trend so there’s a higher chance to end February with a green candles and a good price.

There’s a lot of altcoins who recently enters the up trend and they are still doing good right now, try to look with other altcoins and you’ll see their percentage are higher compare to other projects, let’s be more positive and hope for the real bull run this quarter.

[bittick]

I'd say it's quite the opposite, altcoins in general always follow the movement of bitcoin and bitcoin is raising its value quite steadily in these past few days.
I wish there'd be no blood bath in this month and few months coming, considering the fact that alts in general are already decreasing so hard few months in the past that further decrease doesn't make sense.

[tokeweed]

I'm just looking at charts of ETH and other altcoins rn and I feel like we're in for another blood bath.  And February could end up bad with most alts ending in red for the month.

I'm not sure what's going on and what's causing most of the market's volatility but it's not looking good guys.  Whales look like they're running stops then shorting the market themselves..  Does anybody what's up with the sudden change in sentiment?

Anyway US session starts soon.  Let's see how it goes...

2 days after this post mate? look at the market now? it seems that Blood does not stay long and just wiped out now by the Greens

https://coinmarketcap.com/

will never believe that Blood bath will truly coming this 2023 and not just February .

but thanks for this , it made me think to be ready as this increase now might be the last blow before dumping again .

Yeah dunno...  It's really hard to predict these things.  From experience, I can say that I have the worst timing of the market.  Just a week before I started this thread, I was thinking of going all in ETH but somehow the market sold down and tanked.  When I started thinking the pump was just a fake out it went up really strong.  Lol.  Now it's showing signs that it's gonna be sold down again.  

Seems like it's better to wait and see for now and hope that it goes back down to the range it was in November.

[dragonvslinux]

I'm just looking at charts of ETH and other altcoins rn and I feel like we're in for another blood bath.  And February could end up bad with most alts ending in red for the month.

It's looking likely that most alts will end up in the red against Bitcoin, but probably neutral or green against fiat imo. I'm still waiting for alts to get left behind once Bitcoin starts really pumping.

I'm not sure what's going on and what's causing most of the market's volatility but it's not looking good guys.  Whales look like they're running stops then shorting the market themselves..  Does anybody what's up with the sudden change in sentiment?

I see you posted this after Bitcoin's correction to $21.4K. Looks like time already answered your question, as can be retrospectively be seen as a natural correction back to support before further upside.

[wiss19]

I mean just from looking at CMC past 7 day moves, very few coins are in the red, most of them are in profit right now for the past week. Which basically answers this question, but of course the month is not over yet, we have 10 more days to go and that means anything could happen, we may end up with a big drop and if that happens then it will be a blood bath.

But for now, it looks like a green day for everyone and the prices are higher. Of course not all of them are higher like the others, some like polygon are higher than what bnb did, but there are reasons for that of course. In the end, by a little, or by a lot, everything is higher these days.

[OcTradism]

I'm just looking at charts of ETH and other altcoins rn and I feel like we're in for another blood bath.  And February could end up bad with most alts ending in red for the month.

In next 24 to 48 hours, the market can have a very serious turning point. It can be a start of something worse for altcoins next week, altcoins will be bleeding a lot and they will be in another blood bath next week. I agree with you tokeweed.

I'm not sure what's going on and what's causing most of the market's volatility but it's not looking good guys.  Whales look like they're running stops then shorting the market themselves..  Does anybody what's up with the sudden change in sentiment?

It is not good signal from whales who can manipulate the market. I think market will tilt a lot in next hours but generally if we are not sure what will a next movement of market, it is very safely to exit position and wait for market movement and confirmation of its next trend before opening new positions.

Safety first. Safely protect our capital is most important. Market is always here and we can join it many times in future.

[Yamifoud]

I'd never see a reason for the drops other than investors/whales are selling off their altcoins as the prices are in the pump. I'd see we are turning back to accumulation season again. This month altcoins are not performing so well but if the price of Bitcoin remains above $20k, altcoins won't even drop more.

Despite the sudden change in altcoins prices, I was still okay and I will still hold my ETH and BNB until the next bull season. In the current situation, trust is really important and most of all, to keep positive rather than been affected with the drops.

[Japinat]

I'm not looking so much at the positive growth of altcoins. Bitcoin is not yet in a real bullish mode, and the market still shows some resistance that Bitcoin could not pump big time to trigger the bullish run of altcoins. I think it's too early to expect a bullish altcoins market because, based on the trend, it usually happens when Bitcoin has already broken its current all-time high (ATH).

[michellee]

If at the end of February, the market ends with a big crash, it will be a big discount for us because we can buy a lot of potential coins. Those potential coins are likely to see a dip following the declining bitcoin price so that would be a good moment to buy more.

This situation is still hard to predict because the market looks like it's doing fine and even though bitcoin and altcoins have been corrected, the market can still increase a little. But that can change if negative news is released, which can change the market's direction. We must be aware of all that and prepare our money to buy if necessary.

[wheelz1200]

My prediction: just another month of nothing. We've been sitting at the same BTC price since June, and if I had to bet one way or another, I'd bet nothing is special about February. Alts and Bitcoin will stay roughly flat. Long term, I think they're going up, but I just see nothing dramatic that changes it one way or another this month.

It's been a decent month so far but overall I have the same outlook I think we are going to have a lot of sideways months ahead still.  Some certain coins have made decent runs this month but I can see a couple months of drop offs as well.  Next year with the bitcoin halving looming should jar the market open a little bit.  Then I think a monster run is ahead of us.