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Author Topic: Red market, has bull-run ended?  (Read 7221 times)

Offline aji678

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Re: Red market, has bull-run ended?
« Reply #30 on: August 22, 2020, 02:02:41 PM »
I think the bullrun will continue considering that yesterday the bitcoin halving had occurred even though it was not said to be a success. however bitcoin touches up to $12k so we appreciate it considering that it once fell to $5k.
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Re: Red market, has bull-run ended?
« Reply #30 on: August 22, 2020, 02:02:41 PM »

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Offline TERMINO

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Re: Red market, has bull-run ended?
« Reply #31 on: August 22, 2020, 04:33:33 PM »
In my opinion, we did not yet witnessed a bull run because bull run means
Quote
the term "bull market" is typically reserved for extended periods in which a large portion of security prices are rising. Bull markets tend to last for months or even years.
Normally, speaking to real bull. It will not react not unless bull see a red color. That will be the time bull react and rise his resistance. I think there wasn't a bull run if we couldn't see bear market.
Possible the decrease of prices now behind it is bull run.
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Re: Red market, has bull-run ended?
« Reply #32 on: August 22, 2020, 04:57:48 PM »
I don't think the bull run is already ended, the red candlestick is just representing the market correction, what I believe is that the market will continue to grow after the correction because the Defi craze is far from over and if we see the Defi tokens are not yet slowing down instead it was continuously driven up the most of Defi token price.

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Re: Red market, has bull-run ended?
« Reply #33 on: August 23, 2020, 07:40:29 AM »
Now a days we all are fighting with carona-19. So at this time a red signal is blowing in the market. We can say  change of everything called nature. So we are eager for fast blowing down of the red signal. I hope that time this effective time will go sooner & after that l think bul run in future.

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Re: Red market, has bull-run ended?
« Reply #34 on: August 23, 2020, 07:57:13 AM »
Let's hope that the bullrun still continues and all crypto coins to improve their values. I am pretty sure that all investors will keep the high values of crypto coins right now. We have already experienced a long time for bearish, now is the time for bullish. I also expect this bullish season won't end very soon.

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Re: Red market, has bull-run ended?
« Reply #35 on: August 23, 2020, 03:24:11 PM »
Do you think the market goes in a straight line, this is just a correction and I expect like 30% correction in the market before a new leg up. This is how market prices work the most important thing to look for in the bull run is the higher-highs and higher-lows this would show that the trend is still intact

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Re: Red market, has bull-run ended?
« Reply #36 on: August 23, 2020, 07:33:13 PM »
It is expected to see a retrace to give room for a better growth. I don't think we can go back to bearish rather we are going to experience another growth in prices after a retrace. It is normal in crypto market.

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Re: Red market, has bull-run ended?
« Reply #36 on: August 23, 2020, 07:33:13 PM »


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Re: Red market, has bull-run ended?
« Reply #37 on: August 24, 2020, 01:06:17 AM »
What we are seeing is a correction. a market adjustment as a result of the sudden 12000 bitcoin price. the market needs to correct before we are able to detect whether the bull is still around the corner or the bears are taking over. current,i don't think there is any predicted analysis of the market. we will watch out and see.
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Re: Red market, has bull-run ended?
« Reply #38 on: August 24, 2020, 03:00:53 AM »
I think the bull run hasn't happened yet, it's still the early phase of the bull run. The red market is just an adjustment for an increase in price.
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Re: Red market, has bull-run ended?
« Reply #39 on: August 24, 2020, 05:11:31 AM »
Nope! It's just beginning, by the end of the year we will experience heavy growth hopefully. The circumstance at least indicate the upcoming bull run.

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Re: Red market, has bull-run ended?
« Reply #40 on: August 24, 2020, 06:01:57 AM »
As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?

I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.

Its really very tuff to say at this moment that market going to down or going to revised. Personally i did not see any news to downward of market where US bank and swiss bank making custody of BTC and more people engaged at the pandemic situation. So i can say here market is now in revised position and sure it going to hit a big market in recent days. But if holders sell their tokens by seeing this market, market may will crash which will be very unexpectable.

thanks.

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Re: Red market, has bull-run ended?
« Reply #41 on: August 24, 2020, 06:06:30 AM »
As I can see, the red color of the downtrend is dominating Coinmarketcap. Are we experiencing an uptrend and preparing to see a bear-rest when holders decide to sell to take profits? Or is this simply a necessary adjustment before the community takes the market to new highs with total capitalization over $400B?

Don't worry buddy,corrections price in the crypto market continue as traders and investors want to sell some of the coins they own to make a profit, from the data that I see on Coinmarketcap right now, the market cap of crypto is decreasing, but the price of BTC still have a good price on the crypto market.
Market Cap: $364,684,835,067 - 24h
Vol: $76,573,312,099
BTC Dominance: 59.2%
Cryptocurrencies: 6,537 Markets: 26,974

The information above shows that the crypto market capitalization is still good even though it has decreased from $400B to $364B, this has happened along with the pandemic outbreak that has not been finished, so that it makes investors withdraw a little of their funds and divert them to various other types of investment.

Quote
I am quite concerned about the crypto market, especially after the absurd growth of DeFi tokens in the past short time.

I think DeFi tokens are currently having a small trading volume, we have seen unreasonable price increases and this situation will make crypto investors more cautious with very high price increases with very fast time duration and eventually the token price will go down  8)


Offline ShadowCrypto

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Re: Red market, has bull-run ended?
« Reply #42 on: August 24, 2020, 06:07:10 AM »
Not even started, due to this corona thing we didnt see much movements on crypto, just a few got some nice ups, lile eth and chainlink but btc is still far to be in a new bull run.

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Re: Red market, has bull-run ended?
« Reply #43 on: August 24, 2020, 07:23:59 AM »
I think we still have a lot coming up in the coming month before the year runs out. 2020 looks good for crypto. This weekend I had another red market but the days ahead look promising
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Re: Red market, has bull-run ended?
« Reply #44 on: August 24, 2020, 11:54:31 PM »
If we are talking about all of the cryptocurrency, it may not help all. Many cryptos are still having downtrend during this pandemic. However, several others having good progress so far. So, it means that t will depend on what crypto. For BTC and the top coins itself, they are very worthy and can really survive during this pandemic.

 

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