Currency market price feels a bit bullish

[AVE5]

Based on sentiments in the crypto market, holders who're always on the market cap to monitor their asset movements may feel excited at the current market condition. It really feels bullish after hitting bitcoin befalled at $54,000 and now watching the market growing and currently at $57,000 Lol.
Incredible as the AltCoins are also taking shape of gaining its weights too.
Though it's at the optimism of investors wanting to sell while it feels unreasonable to those who always have excuses to buy at the Dip which no given dipped value is ever dip enough for them to buy.


                                              

[mk4]

Idk man, I'm neither bullish nor bearish in the short-mid term(because mostly no one knows anyway), but you're feeling a bit bullish, just because cryptocurrencies bounced? Whereas bounces usually happen after huge crashes anyway?

Take note that having a bearish market doesn't mean that assets won't have small bounces here and there — because assets mostly don't trend to zero in a straight line(unless you're Terra/Luna).

[Oshosondy]

If bitcoin can increase to $60000, there could be a strong resistance. I am not bullish at that point. But you can start to DCA instead of buying at ones because bitcoin price may seem increasing but later start to decrease.

Take note that having a bearish market doesn't mean that assets won't have small bounces here and there — because assets mostly don't trend to zero in a straight line(unless you're Terra/Luna).

This is one of the characteristics of bear market. But I think if the market can be very bearish, bitcoin may not fall more than $50000. It got support at $54000 or so this time and there would still be support at $50000. If the bear market continues, I do not think it can go below $50000. If it goes below, it will rise back to $50000 as soon as possible.

[Saint-loup]

IMO you shouldn't post this kind of things in the Beginners & Help section, because it's a sort of financial advice that can mislead beginners and push them to make some bad investments. The market is not bullish according to the Fear and Greed Index from Coinmarketcap. This little green increase could just be a technical rebound. Traders who shorted the market could just take some profits because it's the end of the week. MtGox distribution in the coming weeks/months caused a bad feeling among the market, so currently nobody except you and few other people maybe are expecting a significant bullish trend, honestly.

[PrivacyG]

It really feels bullish after hitting bitcoin befalled at $54,000 and now watching the market growing and currently at $57,000 Lol.

Nothing special.  I would not call it a Bull Run if a Stock dipped from 50 Dollars to 20 in a day and then recovered in 2 days back to 50.  It is called a recovery, not a Bull Run or being 'Bullish'.  If you have ever seen a Cryptocurrency Market Bull Run, you would know how wild that actually looks.

My opinion.  Call it Bullish when you see an unstoppable upside run for at least a week.

[Winterfrost]

The market is only being greenish which signifies an increase in price of the assets, it isn't necessary a bull run since it is still below how we often experience the market. The market is currently trying to recover from price decline and it takes a price increase to do so, either consolidating at a point or exceeding significant prices.All what is happening could be just for a while as we may in few days go back to seeing the price drop.

[GxSTxV]

Any move in market doesn’t necessarily mean that the price will keep going on that direction for the next long run or on the longer chart. Crypto market now is bearing for days now, which means that the daily chart will look bearish but it doesn’t mean the price should go bearish also for the monthly or weekly chart.
Feelings are not certainly right, unfortunately, we will need more than a feeling or few green candle of hourly chart to say we are going bullish. Hopefully the bullish market comes back once again, until then we need a great stability in market and good news from Bitcoin.

[boyptc]

People are worried when Bitcoin drops a lot and we're always happy when we see it recover, finally.

Well, the market is so volatile that it goes like this and we don't know how it's going to be the next time it moves just after the drop. But we get the idea of how it goes.

So coming from a crash, it will come up and be back again at the top and hopefully this continues up to $60k and up.

[Zaguru12]

Based on sentiments in the crypto market, holders who're always on the market cap to monitor their asset movements may feel excited at the current market condition. It really feels bullish after hitting bitcoin befalled at $54,000 and now watching the market growing and currently at $57,000 Lol.
Incredible as the AltCoins are also taking shape of gaining its weights too.
Though it's at the optimism of investors wanting to sell while it feels unreasonable to those who always have excuses to buy at the Dip which no given dipped value is ever dip enough for them to buy.           

For now no one can actually say maybe we have are truly tested the strongest support or bitcoin is Just clearing some top liquidity to later comeback and continue moving his it’s downward trend to even possibly break the $52k barrier. The $54k is a good support for me but the news around Mt.Gotx refund and German sales hasn’t died down, so we could still face some short term downturn soon. But nonetheless this to me is a very good price point that anyone genuinely looking for a good buy option should be utilizing now. Anyone still waiting for a further dip without buying now or even DCA is just risking this opportunity.

Yes Altcoins are all pumping back again because they don’t have a trend on their own and rather follows bitcoin’s trend like they are pegged to it. A -5 percent bitcoin movement usually takes some Altcoins down to -20%, more reason why we should actually take bitcoin as investment over Altcoins

[doomloop]

People are worried when Bitcoin drops a lot and we're always happy when we see it recover, finally.

Well, the market is so volatile that it goes like this and we don't know how it's going to be the next time it moves just after the drop. But we get the idea of how it goes.

So coming from a crash, it will come up and be back again at the top and hopefully this continues up to $60k and up.

People without enough knowledge would think negatively when they see the market dropping, the ones who have invested everything they had when the price was higher would also be worried because they don't have anything to invest and buy more when the price drops, however, this isn't the case with seasoned holders and traders because they know how it works, and they always prepare themselves for such situations beforehand.

I always say, since we are dealing in a highly volatile and unpredictable market, we should be ready for all situations, we should know that the market won't always keep going up but there will be times when it will go down, so we should have both liquid assets and volatile cryptocurrencies so that we can sell when it's high and buy when it's low.

[JeffBrad12]

The recent dip was because the fear of Mt gox anyway and the panic sellers do as they always did, which is panic selling.

Now market recovers people finally see the light of bullish market, but had they followed the advice of buying when people are in fear and sell when people are greedy, they'd have made quite the gain even with altcoins.

People without enough knowledge would think negatively when they see the market dropping, the ones who have invested everything they had when the price was higher would also be worried because they don't have anything to invest and buy more when the price drops, however, this isn't the case with seasoned holders and traders because they know how it works, and they always prepare themselves for such situations beforehand.

I always say, since we are dealing in a highly volatile and unpredictable market, we should be ready for all situations, we should know that the market won't always keep going up but there will be times when it will go down, so we should have both liquid assets and volatile cryptocurrencies so that we can sell when it's high and buy when it's low.

If people had paid attention since previous bullruns at how the market behave, they can easily find out that the market of bitcoin is always parabolic with some dump and pump in the process.
this one dip right here is just one of the hundreds market dipping we gonna see on our way to $100k any beyond.

[Aanuoluwatofunmi]

We may still be on the bull season but that doesn't allow give the direction on what the current market for cryptocurrencies could be at a particular time, just as for now whereby we are having more of a bear market as the bitcoin price has been trying to raise while the crypto market is raising resistance against the rise of the market, but there could be a break out at any time from now.

[Dave1]

Based on sentiments in the crypto market, holders who're always on the market cap to monitor their asset movements may feel excited at the current market condition. It really feels bullish after hitting bitcoin befalled at $54,000 and now watching the market growing and currently at $57,000 Lol.
Incredible as the AltCoins are also taking shape of gaining its weights too.
Though it's at the optimism of investors wanting to sell while it feels unreasonable to those who always have excuses to buy at the Dip which no given dipped value is ever dip enough for them to buy.

For Bitcoin, it did went as high as $58,500, however, we have another minor dump to $57k, but then again, bouncing back to above $58k. I wouldn't say though that it's a bullish sign, perhaps the market is just trying to settle down after the Mt. Gox news and then the supposedly dump by the German government.

So maybe we will see the bulls trying to get over to $60k at least, it's because that is the price prior to the huge dump to $54k. We even went as high as $71k though. What I mean is that the market is still very volatile at this point and maybe the bullishness might come later in the last quarter of the year.

[Gozie51]

I feel it is still early to rely on the bounce back from correction few days ago will be enough to speculate that the correction has cummulated to bull. The price was slowly dropping or has been dropping since a month plus and suddenly comes a bounce back. I see it as trap. Looking at the way the price volatility and fluctuations has been after the bounce, I think we still going to see a quiet price range within the zone of 60k and 55k until the end of this month.