Quote from: pooya87 on January 12, 2019, 05:48:57 AM

Quote from: clrpod on January 11, 2019, 12:20:12 PM

Quote from: pooya87 on January 11, 2019, 05:21:59 AM

bearish would have been if price of bitcoin went below $3k not when it is pretty much the same as it was before! fluctuating within the same channels.

Just because the price didn't break that support level yet doesn't mean the market is overall bearish. It may not be bearish for the last month or so we've been stuck in this range but for the last year the price has been trending downwards. Until there are 2-3+ months of growth the market will and should still be considered as bearish.

not at all.
we don't need the bull market to start (in other words we don't need to see 2-3 months of big rises) for the bear market to end. the thing is, even the drop below $6k doesn't make the current trend "bearish" at least in my opinion because if you look at WHY it dropped this low you can see that it wasn't because of some trend or anything like that. that trend (the bearish one) had ended long time ago. the drop was purely because of a large scale attack on bitcoin from the BCash people which whales got behind to make more money from shorting bitcoin.
that in my view is not a "trend", it is more like an incident Cheesy

6k to 3k may not have been because of a trend. 20k down to 6k was and remaining at around 3k following the dip is also a sign of that. If it was just because of an incident (as you put it) then we'd have seen a swift reversal back towards 6k. We didn't see that because people were still bearish enough not to want to buy up the supply even at lower levels.