What Bullrun?

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BTC longs is at lowest amounts.... so what bullrun people talking about in TradingView? Or those who afraid to long re stupid?
Comment: Loook at all those idiots going long :D
Indeed, Looking at all those idiots
usually BTCUSD drops were preceeded by peaking BTCUSDLONGs. Now this looks more like a long squeeze to load cheaper but only market will tell the future ;)
tommix ciekawy
@ciekawy,Yes because there is no any reason for crypto to go higher now. SO when it goes higher -it have no reason to stay at higher price-and crashes. Everybody in crypto buy crypto for single reason - to sell for higher price. This is wrong attitude.
ciekawy tommix
@tommix, I cannot agree.
People may argue yet one known opinion is that Bitcoin is alternate currency with big potential, solving number of issues with traditional currencies. Then there is progressing adoption and awareness across the board - from individuals to institutions - banks, funds, other fintech and not only. Again it may be questionable and people may say it just fake and scam - still this is one potential argument for the value to grow as estimated mass adopted bitcoin seems to be well above 100k. OTOH there may be number of reasons for bitcoin to not succeed - like strong restrictive government regulations, raise of "much better" (whatever it means) cryptocurrency, some big fraud unfolded (overcoming mtgox) etc.

In general though there is possible positive outlook and in the history there are number of cases to try discount early and speculating over the target value well ahead - of course such speculations are risky (especially now in so unregulated marked) and may be used for manipulations, pumps & dumps - still manipulative speculators are as well vulnerable of overtrading their positions when crowds or silent institutional actions are stronger then expected which may bring even more volatility (to both down & up side.
ascending triangle on the daily for longs touching lower trendling, descending triangle (or falling wedge) for shorts touching upper trendline.
Longs could increase while shorts decrease in the short-term/mid-term... but who knows...
@c_c, If you look at google trends for any crypto related term - it's in lowest point since 2017. Looks like everybdy in hibernation state and wait for something to happen and stays bearish.
And it's good path to take. Because crypto already way over expensive. In my country many people drive cars that cost the same as 1 bitcoin. SO people who say we are in bear market or that btc is cheap- are not right. Price depends on how you look at it. As for something crated form thin air few bytes on many computers drive's - 3800$ is pretty high price :)
So far everybody holds and buy crypto for 1 reason only - to sell. WHile this continues -i dont see any real bullrun.
+1 Reply
@tommix, wow you really dont know what you're talking about right ? so why do people buy gold ? to use it and pay for things ? AND in crypto you can pay for many things with a greater speed and much cheaper fees and it is against inflation, when the crisis hit, money will certainly flow to crypto. The price doesnt care if your country find it expensive, its the demand that corelates with price and you need to look at the market cap of for example btc which is 80 billion AND that is false because of wrong calculations in the market sites, it is normally at 8 or 10 billion the market cap of btc thats why a 100 million order can move the market like we have seen it this past week, so no it isnt overevaluated and i could also make something cost 5000 dollars if i had for example 10 black apples and people put 50 000 dollars on this black apples it would make the same price as bitcoin, there is only 22 millions btc thats why it is so expensive. When you give your arguments youre 1: you love to contradict yourself and you are a troll or 2: youre the exact sheep mentality which when the price is low and "when the google trends for any crypto related term are in the lowest point" you are afraid and dont buy and when it is in the highest point you buy ?? WTF ? Think about your statements, how can you make money if everybody is buying and no one selling ? that means that when you buy when everybody buys you will get money ? HOW ? so everybody that bought when everybody was buying will be rich and get money ? SO THE WORLD IS RICH OHHH OKK. You need to mature a little bit youre missleading people.
redtrapltr redtrapltr
@redtrapltr, and excuse me but it makes me sick when you say "EVeryBODY BUy BItCoIn TO SElL It AftER" , man think THINK THINK THINK. STOCKS : EVERYBODY BUY STOCKS TO SELL IT HIGHER. GOLD: EVERYBODY BUY IT TO SELL IT HIGHER so we dont care if thats the reason as long as there is another utility which IS a new technology for our monetary system, just like houses that keep you safe but you can sell it higher or stocks that develop a company but you can sell it higher or gold that is a store of value for you to conserve your value or to sell it higher. Stop please stop and learn
redtrapltr redtrapltr
@redtrapltr, AND you just described CAPITALISM OUOOUUUU CONGRATULATIONS ! "capitalism : you invest to make a profit"
@redtrapltr, nice one
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