Have We Hit ATH or Not? Don't Get Caught Losing!

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satoshi23Senior Member
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#1Sep 5, 2021, 11:04 PM
At the start of this month, I was thinking the support and resistance levels were around $102,000 and $98,000. But then the market surprised us by breaking down to $95,600 yesterday. This has left a lot of traders wondering if we're about to see a steady dip or if it’s too soon to say. I just want to remind everyone to consider whether we’ve actually reached the last all-time high for this bull run or not. We also need to keep in mind some crucial factors that affect crypto market trends. It's not just about supply and demand; economic news can really shake things up unexpectedly when it hits the market, causing shifts into either a bear or bull trend, depending on the nature of that news. Should we be worried about making quick decisions to sell or buy during these times? I know some folks might rush into things without fully understanding what’s happening in the market, whether short-term or long-term. For example, if the market drops to $95k and then bounces back, does that mean we’re in a bear market? It could be yes or no. It’s a yes if we see that drop happening repeatedly with strong resistance to push the price back up, but it’s a no if it’s just a market reaction to some economic news. Some things to check for while trading and investing this month: 1. Trading out of fear. 2. Inconsistency in our strategies. 3. Not grasping the impact of breaking news and how to deal with market disruptions. 4. Struggling to connect the dots between fundamental and technical analysis.
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john.gweiFull Member
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#2Sep 6, 2021, 02:38 AM
Well, we all know how the last one week has been due to the double hit with led to a drop-down of cryptocurrencies prices including bitcoin which has been the only coin that has considerable rising up back after the effect of the economic news about  Nvidia stocks falling due to the Chinese owned company DeepSeek releasing of a new low-cost but efficient and effective AI model that is said to equal that of the US owned model. Long story short... I think this were just the two events that affected bitcoin price pushing it to fall but not in depth that altcoins fell.  I think price will recover before February come to an end and as the year 2025 goes on if we get to receive a favourable news in the market we could possibly see bitcoin price creating a new ATH from the $109k on ground. For me there are no recognizable signs yet that the bullish season is over giving way to bears, not just yet.
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p1x3l365Senior Member
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#3Sep 7, 2021, 02:41 AM
The controversy on the market performance isn't really about the fluctuations of the bear or the dip but the contemplation if the bull run had come and gone without the awareness of the community users. But then, it's like a joke around before we've severally withnessed breakouts of new Aths within this circle even when we aren't expecting it. So at some points it rings a deep thought what's happening in this bitcoin circle because other market events hasn't been so miscalculative like this time. Perhaps the fall to $95,600 wasn't even so disappointed on holders as we've experienced lower fall at a dip of $91,242.89 on the 3rd of February 202 which got beginners and small value holders devasted with regrets to not had sold earlier with the fear of not meeting more falls.
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paulyieldSenior Member
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#4Sep 8, 2021, 11:32 PM
BTC falling to $95k is like a monday stroll, it doesn't signifies anyhting, even if it drops to sub $90k it's still on the bullish lookout, i'd say if it break support at $88k it will have big chance to go down at $70k level, even then I'm not worried because BTC still can do exactly what it has been doing basically going up really fast after a big drop. nobody can know when bearish occur but I'm sure $95k is nothing to be worried about, everyone was praising and cheering for bitcoin when it hits $95k not too long ago.
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ColdBossFull Member
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#5Sep 8, 2021, 11:42 PM
Anything which is above that previous ATH which is $69k then this is something that can be considered as a bullish sentiment. People will really be that trying out to make up some bearish approach at the time or moment that it will be making up correction in the market on which we know that it is really just that an ordinary day here on crypto space. People do really that too reactive whenever the market do make out such movement on which they have thought that bull run wont happen at the this year which is really that a very wrong approach. If you are really that had been on this market for a while then you will be having that different approach in compared into those who are less experienced or just really that new. At the time that you had put up yourself on dealing up with this speculative market then you should be that prepared on what are the movement that it would be having whether on positive or negative. The important approach on here is that you do really know on what you should gonna do at the time that it will be having such correction or even on a pumping market. It will really be just that depending on you on how you would be going with the flow because there are some who do easily panic out whenever this one happens on which instead on trying out to accumulate or buyback, they do rather cut loses.
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whale365Senior Member
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#6Sep 9, 2021, 02:22 AM
We will be worried if we see the price going as low as $50k, but that's have of our all time high. But so far it might not happen as we see a strong $90k-$95k support. So I will say that we are still in the bull run and with that, we have yet not touch the peak of this bull run. And again, the consensus of the market as far as the peak price is around $150k-$180k so we are still very far from that. Although for others, the price dip might look worrisome specially that Trump is already in the White House and we are expecting that the price could be very well above $100k. But this year is still very far, and there are a lot of positive things that might bring us to higher price increase in the future.
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satoshi23Senior Member
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#7Sep 9, 2021, 02:33 AM
If we look at the previous all time high before the last year halving, then we are going to see that we are still on the bullrun, because anything above $69,000 is still far ahead, the market may appears this way in other to deceive many and then before you know its up again, this cannot be predicted like that, except we just hold and never mind on how volatile it may go. Am not saying we may not go dip when the time comes, but are we already getting prepared for that now, or is the market going more bullish from this time on, but according to what you just said, i doubt we may go dip below $50,000 even at the dip, while its more possible for the bull now than the bear market to come.
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matrix420Senior Member
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#8Sep 9, 2021, 08:50 AM
what if i told you that there is a economic logic window of value:premium that the market can speculate within what if i told you the economic logic window of value:premium was $60k:$350k what if i told you the market can still test bottom of $60k before a ATH test nearing tops of $350k what if i told you that bitcoin is volatile to the tune of 700% swing of possibilities what if i told you the cry baby emotions over a 10-20% change, is meaningless whimperings in comparison to possible real price change variances what if i told you that when the price does dip. dont think disaster, think discount opportunity to accumulate a little more
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pixel_cobraFull Member
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#9Sep 9, 2021, 01:22 PM
Its very possible to happen because this market is wilder than we thought. Before the price could even dip to $60k again to test that lowest support line, I think holders are already done spending their money and may not be able to buy back at such price. But I think we could just be staying in the daily chart where if in the daily chart the momentum is reset, we are still going up further.
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mr_satoshiSenior Member
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#10Sep 11, 2021, 11:17 PM
60k seems to me like a halving and I think we've already seen a halving occur last year when Bitcoin dumped to about $48k or thereabout and increase to the $100k level, i though the halving only occur once in a full circle, is it possible that it could still happen in the first year of a new circle? I don't know if my statements are wrong but that's just me thinking and I'll need clarifications concerning that cause I still doubt that Bitcoin could dump to $60k this year before $350k.  If you say it could dump to 60k in this years halving which is during 2028 and rise to an ATH of $350k then I'm in support of that cause it seems more realistic and would definitely occur like last year when it dropped from $48k to 100k. However I think the bull market is still on and Bitcoin has been undergoing series of corrections and I believe it would still set another ATH in the near future probably $120k and above.
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CalmLedgerSenior Member
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#11Sep 12, 2021, 05:08 AM
If $60k really happen, that will be a big discount for us because we can buy back Bitcoin and hold it. Maybe you mean is not halving but it is pump and dump scheme that always happen to Bitcoin. If that is really happen, we should be happy because we can buy at low price while we can wait for the next rally to see sell our Bitcoin. The market still in the bull so traders are wait for the next thing that will happen. But we still see the series of correction so it is better we just wait for a while and prepare our funds to buy back Bitcoin. I guess the rally can happen in the next few months. If that is happen, we will see a big rally for Bitcoin while many people out there will not expect what will happen to Bitcoin.
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gwei100Full Member
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#12Sep 12, 2021, 11:21 AM
We are now in a downtrend like the past And only patient investors will take the rewards when all prices recover. And for those who dare to buy crypto in the bloody market, they will take a lot of profit after all the fundamentals recover and of course It is not difficult to decide which crypto is the most worth buying today, especially now that there is a big discount after the market crash. What is certain is that the Bull Market is still going on and the altseason is still there.
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sam.bullSenior Member
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#13Sep 12, 2021, 04:20 PM
Avoid more losses by selling? You loss when you sell at a loss That's why HODL is King to me. Bitcoin falling is normal, corrections is normal wen falling below $90K is normal Personally I want us to cover liquidity at the bottom before any ATH. So that the likelihood of going there again is lower. Bitcoin isn't altcoin that a dip could be more dip or the death Is a buying opportunity.
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RogueByteFull Member
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#14Sep 13, 2021, 02:55 PM
People do not realize that when Bitcoin price falls it means no harm to them because there is every guarantee that the price is going to rise again. The price of Bitcoin falling should not mean, the end of the world to you but it has to be seen as an opportunity for a discount and for you to buy more Bitcoin. I love the way you used your what if and if people reads it atleast they will get some more confidence about the market. Bitcoin can fall for as long as it wants but we should not give up because, when the market want to recover, it does it in the same way that it fell and you can recover all the gains that you thought were lost. The market is so unpredictable but you can actually do some speculation that will help you to invest and have patience for the market.
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mr_satoshiSenior Member
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#15Sep 13, 2021, 07:49 PM
I don't know where you got your info from but the phrase "pump and dump" is not commonly linked to Bitcoin, I think it's misleading since someone who's ignorant would think that Bitcoin has qualities of  shitcoins and that's why it got pump and dump features, no it doesn't cause Bitcoin is Bitcoin and should be linked to shitcoins features.  That phrase is commonly used with Shitcoins cause they're being controlled buy the owners who pump it and dump at any convenient time after they've made lots of profits when people buy them, now Bitcoin has a circle that it operates with, it has the ability to manage volatility unlike shitcoins and that's why it can increase, decrease and increase again, just understand it's circle and you'll be good to go.
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eric23Senior Member
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#16Sep 13, 2021, 08:01 PM
this can be really tricky if misunderstood because it is not all coin that DIPs that will eventually recover and bounce back to gaining full swing momentum in the long run. the market correction has in addition to affecting bitcoin also affected altcoin but the approach one uses in looking at bitcoin and altcoin DIP should never be the same because the rate of certainly of recovery of bitcoin and altcoin is never the same. we have gotten used to this sort of correction and for bitcoin, even if it goes down to $80k, we are still sure that it will only take time before it recovers back fully and starts another trajectory of upward movement. the correction phase could also be positively leveraged on for the better as a buying season and with available resource, this can just be another opportunity to buying a good amount of bitcoin at a fairly low price.
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mike100Senior Member
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#17Sep 14, 2021, 12:35 AM
I do agree that pump and dump is not being used in Bitcoin market, as it's hard to control it because how big the market is as compare to altcoin market. Nevertheless for us, it could mean that the price suddenly jump or decline in price, but there is no manipulation but instead it's the effect of the negative or positive news. Just like when Trump declare about the tariffs on three nations, it has negative effect on the market. So we are still operating in volatility, and just now, I see the price having that small increase at $97,000. I speculate that after that Trump news, the market will be back in the six digits already by this next. I might be wrong though, it looks like the effect might linger a bit longer and we need a positive news to change the mind of the investors to reinvest in the market once more.
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max51Full Member
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#18Sep 14, 2021, 05:55 AM
Agreed there. OP didn't call to sell - he just presumed that some may be tempted to do so. But if a person follows his advice and learns more - there will never be such a temptation in the first place.
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