Is this our last chance for an effective bounce?
To be honest I pretty much believe we are in a bear market and all of this looks and feels a lot like 2014 to me. As such I would not be surprised if we will see many more lower lows and as long as we stay above 1k, everything is fine long term to me.
That said, there seems to be chance that the market may turn around just about now.
We also some positive indication from the RSI and at least the histogram of the MACD looks like there is some potential to the upside.
However even IF we bounce and rally, this does not mean the bear market is over. IN fact I would be looking for short opportunities around 11k and 15k.
But I do think that a breakthrough of the downtrend is a possibility given how oversold the market is currently.
Most analyst however seem to expect the prices to go down direktly from here, but what the consensus things the market is doing, usually is what the market does not do.
I'm agree on all fronts. Structural crypto bear 2.0 is where we're heading.
I predict $1-$2 trillion Crypto market cap by end of this year and around $3-$5 trillion next year. There's just too much Institutional money starting to come in and 1000's of dapps launching. We'll see huge gains in my opinion. Like $50-$100 EOS in 2018. There's so many upgrades coming to. For example, Bitcoin Cash has a major fork to 32MB blocksize limits with a lot of other features to make it useful to unbanked. Casper is being formalized now on Ethereum. Crypto ETF's look closer than ever now. Coinbase adding many ERC-20 tokens soon as they get the approval. The last I read they are very close to becoming fully SEC compliant exchange. The main thing I see is the Western Institutional money just starting to buy in. Like Soros and others trading into Crypto. $250 market cap is still tiny with so much room to grow at least into the trillions before there any sort of long term bubble risk.
Official regulators will never approve any non id-bound crypto.
EOS come too late for the party
STEEM has a chance as he is not an average crypto but still - much trouble for gains.
I love me a true crypto Bull!
Bitcoin has become a subject of speculation, maybe a better indicator are some quality altcoins. If those would turn direction completely than they bear market could finally change.
I’m quite curious who everything will continue the next few months
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I think that the market will not go much lower than this, but slowly appreciate in time, if there is no big FOMO as it was a few months ago.
Well, whatever price it is, I believe no on has the power to turn the hands. We should just keep the attitude of positivity and optimism. It sure gonna be better. Its just a matter of time.
I don't think this is the last chance, the market will always present itself in highs and lows. Like you said, as long its not below 1k. It is still good. I have this positive vibe that it will bounce right back
For the 4 weeks bitcoin is not going to increase, it is finding way down.
Not only this it is often predicted that at tge end of this year 2018 bitcoin value will decrease by 35% of current value ,that is a going to be bad for the ones who have already invested and good for people like me to invest in 😁.
But by the end of 2020 its value will go rise so high that it will be twice as todays value....
So the game keeps on changing from time to time...making some to withdraw and many to invest...
As what other says that it will be Good this December :) Hopefully
Truly ,speaking from the analysis i made yesterday in order to determine the hidden point of support and resistance on BTCUSD market, we will definetely going to see another lower low but that does not mean that it will happen overnight but it must happen before the complete end of bear market. thanks for this post ,it gave me more insight to market direction
I think that not more down that situation.Because already it reached low! I hope that increase next time.
I think its position will move forward in the future.@knircky now cryptocurrency up and down.
Let's wait and see. I'm not worried at all. What if we get a major correction like 2014 - 2016? It doesn't matter to me. I will HODL until we see 100k USD per BTC.
But we seem to have now a negative sentiment (your post could be an indicator for change of the trend).
The only crucial question is the following one:
Will the cryptos outperform fiat money on the long run?
My answer is yes. I'm entirely convinced about that.
Yea i am in the same boat. However i look for short opportunies to take advantage of the downtrend, protect my networth and also build some cash that can be turned into btc longterm.
This can be go well, yes. But dont miss the train! Shorting a market can be dangerous. In Germany, gains in crypto are tax free if you hold it more than one year. Thats a main reason for my HODLing strategy.
Yea i live in the us and there are always taxes for selling crypto.
Maybe it will fall more? Who knows, but I am IN and I am not leaving, never mind it will go more down
You think we fly to the moon together?