Quote from: popeye95 on Today at 08:16:56 PM

Quote from: Questat on Today at 12:16:23 PM

Quote from: alik111 on August 15, 2022, 12:32:35 PM

According to TA the market has now moved into bull season and it's the right time to buy and hold so that you don't miss the next bull run. Above 24000$ Bitcoin is bullish. And market is started moving upwards already.

Of course, it will move and changes its course to Bullish season but it was not the time. Never get fooled by the few pumps that happen in the past few days and say it was Bullrun already. We also have to think that it can be possible during the bear season, however, it was too different when compared to the bullish season, you can really see a significant and continuous market pump, unlike what we currently experience. That is still too far from being bullish.

Same, I don't think we're the real bullish season. Pumps are welcome to have but far from a bullish signal that we are already out of the bear cycle. Overall change depends on the world economy's outlook and right now, economic data around the world look grim. Inflation hit a record high and recession looming.

Market is unpredictable even we do see that there are no news nor even technicals showing some recovery or u-turn but still the market could make out a recovery phase surprisingly or without knowing.
Market sentiments are really that relevant anytime but we know that one of its behavior and qualities where it cant really be known where it could move without relying with those fundamentals.
We do always asked out questions on when recovery will come and this is where peoples knowledge and analysis would really differ.Some might be waiting but some there are busy on accumulating
while market price is still cheap.Some are waiting for further dips or main support but it is eventually that a bad idea to have.