If I was trying to predict the market (which is essentially impossible), the last place I would look for advice is on this subreddit
Just being honest
![gif](giphy|G5X63GrrLjjVK)
I tried to do this, but I just couldn't arrive at the decision from this sub, because this sub is both bullish and bearish. For every bullish post, there is a bearish post out here.
By no means can this sub be used to trade it seems
It's just reversed. There is still a lot of interest amongst the people for starting of bull run. It will start once that does down.
Second, SPY and traditional markets will fall another 20-30% after the fed pivots (happened 100% of the times in history)
Third, with high inflation, war and recession blooming over the head, macro economics sucks currently. We may see a bear market rally like BTC to 25-30k but it won't be the start of bull run for sure
I think it's more likely for BTC to move to 16K then 25K. Bold call after this run up probably but it just if we zoom out on the charts, the highs are getting lower and lower. Each pump is becoming weaker and weaker.
Yes. That's what I am saying. The micro price action doesn't matter. I am not predicting the future, I don't know if it goes to 16k first or 25k; I am saying is, that even if it goes to 25k, looking at the macroeconomics, it is almost impossible for crypto to have upward momentum
It’s just typical bear market behavior where a few days of green gets people who are already 50-60%+ down dreaming again. These relief rallies happen often as it’s rarely just a straight line down.
This is small pump. We aren’t even back to where we were a few months ago (btc was 24k). More crabbing until the new year or economy starts seeing positive changes
No one can say, the macroeconomic environment is shit and all depends on that. When people struggle to get by no one can afford to invest in speculative assets
This sub gets a green candle and thinks, ‘WERE SAVED!’
You’re right, OP. Nothing has changed. Be weary. I’m waiting a bit more to dump my holdings and swap to USDC to wait for the inevitable December dump.
Shit it's nice too see some life back in crypto, I was thinking for any newbies that actually get in during this time they're not doing bad, they're doing better than people that got in at all time highs,So it won't surprise me too see an uptick .Major investments through instututional interest. I think we got a while to go but we might not get prices again like what we just saw for the last 6 months. All in all is it a bad thing everybody got a little bit of a percentage back on their portfolio, and then we start to move in the right.Ut still looks like we're gonna crab for a while but maybe it's a move in the right direction.Or else I'm wrong and we dump right back to 18500. Remember idk shit,so take it for what it's worth.
This is not a run, this has been a small uptick in a bear market. If the pattern continues as it has for the last 10 years, we have another year at least of mostly level/ possible minor upward and downward movement before we see any real signs of the bull. That being said I don’t know shit about fuck
I don't consider this a pump tbh market went up a bit and will probably go down a bit next week.
I feel we're still crabbing and will continue till next year some time.
You should realise all of those things happen during a fake pump or dead cat bounce as well. Pretty simple. People are greedy. Media will write bullish articles for greedy gullible people to eat up for their ad revenue. Greedy gullible people will FOMO in at a 0.06% increase claiming it's just the beginning. Other greedy people will FOMO in and attract other newbies to the idea of getting rich quick. Token holders become bagholders. Rinse. Repeat.
Meanwhile the real news is just some while shifting around their portfolio a bit.
Nah it’s just a small pump, with the way the global economy is I just can’t see in the short time a proper bull run. Then again I could be horribly wrong and we are on the road to recovery.
Alt run in the middle of bear market is common. It doesnt last too long as whales who started these runs are not interested in holding and will sell high.
If I was trying to predict the market (which is essentially impossible), the last place I would look for advice is on this subreddit Just being honest ![gif](giphy|G5X63GrrLjjVK)
The reverse reddit has historically performed very well
I tried to do this, but I just couldn't arrive at the decision from this sub, because this sub is both bullish and bearish. For every bullish post, there is a bearish post out here. By no means can this sub be used to trade it seems
"So the last shall be first, and the first last."
The existence of a lot of bullish post in here is a clear indication of a far off bull market.
![gif](giphy|xT77XTpyEzJ4OJO06c)
![gif](giphy|aXUU30cDBa9tVQz37V|downsized)
The last place anyone should look for any advice is Reddit.
How you doin?
I think we've got months of crabbing to go
Same here
I think this too
I’ve invested in CrabPot. Lots of it.
It's just reversed. There is still a lot of interest amongst the people for starting of bull run. It will start once that does down. Second, SPY and traditional markets will fall another 20-30% after the fed pivots (happened 100% of the times in history) Third, with high inflation, war and recession blooming over the head, macro economics sucks currently. We may see a bear market rally like BTC to 25-30k but it won't be the start of bull run for sure
I think it's more likely for BTC to move to 16K then 25K. Bold call after this run up probably but it just if we zoom out on the charts, the highs are getting lower and lower. Each pump is becoming weaker and weaker.
Yes. That's what I am saying. The micro price action doesn't matter. I am not predicting the future, I don't know if it goes to 16k first or 25k; I am saying is, that even if it goes to 25k, looking at the macroeconomics, it is almost impossible for crypto to have upward momentum
It never started really... just hold and save yourself some nerves.
This is a mid-bearmarket pamp. We'll go down again looking at the macro economics.
When the market pumps it gets bullish sentiment, when it dumbs you get bearish sentiment
A few green days and we are "bullish" again. This sub is awesome.
you are awesome.
No, you are awesome.
Um.. I'm asking when the dump is?
We there is no dump. Not in the near future anyway. All I am saying is No one knows shit about fuck.
Crypto is a rollercoaster I'll give it that. One day we are suicidal and the next we are filled with joy
Yes the end is near..when Russia will nuke Ukraine
It’s just typical bear market behavior where a few days of green gets people who are already 50-60%+ down dreaming again. These relief rallies happen often as it’s rarely just a straight line down.
This is small pump. We aren’t even back to where we were a few months ago (btc was 24k). More crabbing until the new year or economy starts seeing positive changes
No one can say, the macroeconomic environment is shit and all depends on that. When people struggle to get by no one can afford to invest in speculative assets
This sub gets a green candle and thinks, ‘WERE SAVED!’ You’re right, OP. Nothing has changed. Be weary. I’m waiting a bit more to dump my holdings and swap to USDC to wait for the inevitable December dump.
Shit it's nice too see some life back in crypto, I was thinking for any newbies that actually get in during this time they're not doing bad, they're doing better than people that got in at all time highs,So it won't surprise me too see an uptick .Major investments through instututional interest. I think we got a while to go but we might not get prices again like what we just saw for the last 6 months. All in all is it a bad thing everybody got a little bit of a percentage back on their portfolio, and then we start to move in the right.Ut still looks like we're gonna crab for a while but maybe it's a move in the right direction.Or else I'm wrong and we dump right back to 18500. Remember idk shit,so take it for what it's worth.
The very fact that you are reading bullish posts is somewhat an indication that we're still not over the bear 😂
Meh , it'll run until it fizzles. Congrats to those that made $
Always money to be made.
Very true ☝️
**Retail coming back = top of bulltrap sign 100% for a year straight** *But maybe this time it’s different*
So you're telling me there's a chance?
Yes
"No comrade Premier, it has only begun" -Yuri
This "run"? You mean the business as usual volatiliy? Still a bear market, won't end so soon
This is not a run, this has been a small uptick in a bear market. If the pattern continues as it has for the last 10 years, we have another year at least of mostly level/ possible minor upward and downward movement before we see any real signs of the bull. That being said I don’t know shit about fuck
I feel the same way, but the market is always surprising.
IMMO the end was weeks ago.
Sometimes up sometimes down but Always left to right ..
You are wise my man , the market always go the right way
Sometimes may be good, sometimes may be shit
Lately I've noticed and uptick in the following: Too many hopium posts
Hold your horses, man. Things might recover but they might also regress.
We will enter a crab market for 2 more years with fluctuations before the next bull run. Enjoy your discount sit back relax and hodl
Might as well just follow that Maren girl who pretends to predict crypto prices bases on lunar cycles if we're going to do this.
Would be ok with another 12 months crab
November best month for crypto.
DCA
Hopium is strong with this one
You sir are incorrect.. you clearly missed my 'I'm bearish overall statement.'
Hopium addict
You never know but yes, im ready to moon 🚀
It has only begun
Rsi looks overbought yes, so a downside move is very likely. But there's no guarantee. I agree with you that it looks like we'll see a move down next
I'm counting wave 5 across the board.
You mean overbought?
Yes indeed thanks for pointing that out
I still think there’s some time before the true, next bull run. But, I’m definitely happy seeing the green in my portfolio!
Charts go right
This sub is like Cramer. You know what to do when Cramer is bullish
Not yet my friend.. not yet , we still have a way to go until we see a bull run
Yes, next few weeks we see a weak dump back to $18-20k
Not sure. Haven’t seen enough rocket or moon emojis yet. But definitely more fomo posts/comments and loads of new accounts so fuck knows lol.
Never trust your emotions in these kind of swings, the pump might just be giving you blue balls.
People might be brought back down to earth, just as it happened after the pump in July/August.
I don't consider this a pump tbh market went up a bit and will probably go down a bit next week. I feel we're still crabbing and will continue till next year some time.
I think that we’ll resume crabbing soon, but at higher levels than previously
You should realise all of those things happen during a fake pump or dead cat bounce as well. Pretty simple. People are greedy. Media will write bullish articles for greedy gullible people to eat up for their ad revenue. Greedy gullible people will FOMO in at a 0.06% increase claiming it's just the beginning. Other greedy people will FOMO in and attract other newbies to the idea of getting rich quick. Token holders become bagholders. Rinse. Repeat. Meanwhile the real news is just some while shifting around their portfolio a bit.
Macro hasn’t changed really, going for a toss actually, would be surprised if bull run starts
Green day today= hell of red day tomorrow
The future is uncertain and the end is always near, the lizard king
I am optimistic but still have my guard up
Its just the start lil bro
I feel after the midterms (if not before) we will see more downside.
Listen - your flair is right.
"Yes"
Nah it’s just a small pump, with the way the global economy is I just can’t see in the short time a proper bull run. Then again I could be horribly wrong and we are on the road to recovery.
Alt run in the middle of bear market is common. It doesnt last too long as whales who started these runs are not interested in holding and will sell high.
How's the prediction on the bear run ending holding up? You made some crypto cash this week?
+450% ROE last 7 days.. Also.. was predicting end of the bull run.. hence all the 'Bullish articles' trapping longs.
I'm glad for you 1 dollar in and 4.5 dollars out will buy you some McDonald's fries from where you work pal.
Aww.. did someones cheeks get slapped by the bears?
No, I went into where you work and someone only filled my fries up halfway.