Quote from: xuan87 on September 15, 2018, 12:41:11 AM

Quote from: Slow death on September 14, 2018, 09:28:02 PM

Quote from: Bardman on September 10, 2018, 10:12:11 AM

I know people have been saying that since forever. This whole year people have been yelling ''bullish'' every day however, memes aside I truly think bitcoin is bullish. Obviously we are in a downtrend but I just find it funny when people lose their minds because bitcoin went from 7400 to 6700 in a day when in december we had $3000+ moves to the upside. No one was complaining back then huh? Technically speaking when you look at the weekly/daily chart you can see we are basically in a descending wedge which is, technically speaking, a bullish indicator. We have been forming weekly lower highs all year, however if the support area around 6000$ holds again this time, we will be in a really good position to actually break the lower highs, we would only need a 1000$~ move to break it for the first time in basically a year.

Not to mention the clear interest, governments/entities/businesses are taking in bitcoin. ETF's, Nasdq, etc etc, even if they aren't approved.

People think about the following: the price of bitcoin has reached more than $17000 and it is hard to imagine that something that was $18,000 has fallen to $6000, every press always makes that comparison, it does not matter if you or the greatest genius in the world try to explain something different. the fact is that in the head of most people this price of $6000 is a big disappointment and that thought will change only on the day when the price is more than $18000. Days behind I was reading an article, when I paid attention as well stamped: "Bitcoin lost more than 70% since it reached more than $18000." and had many comments from people saying that the price is very low. There is no way to change people's thinking.

The price had reached 17k and most of the people buy at the wrong time, that is why people keep on complaining the price is so low, most of the people that complained are the people that only interested in Bitcoin when the price is high, for old user, Bitcoin already got a good rising, we already very grateful to see today's price

When you compared with previous years prices almost bitcoin is in a good position but people who bought the bitcoin at the ATH are kept asking when the market will recover. My suggestion is always we have to keep sell order according to the money we have because when we buy at a high value in the same way, we have to buy them low in order to average it.