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     7 years ago (edited) 

    Yes indeed...it seemed to be a false hope... and turned out to be just a lower rounded top - which is definitely not a good sign. More reasons why I think we're in a down-trend:

    • On the 1 day chart (https://cryptowat.ch/kraken/etheur/1d), the exponential moving average indicators have crossed over decisively in the negative direction.
    • On the 3 day chart (https://cryptowat.ch/kraken/etheur/3d), the MACD indicator has gone decisively red
    • And you don't need a chart to know that 2 months ago everything was up 10x, but for the last month pretty much everything has been going down (with some crashes and bounce-backs in between)!

    However, even with all the above inductors I think there is some chance imo that we could still get more of a sideways considation rather than crash/large drop. But only time will tell!

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       7 years ago  

      Very cool if your predictions will come true, wait, not sell :-)

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       7 years ago  

      Thanks :)
      Although in that comment my prediction pretty much just adds up to saying 'I've got a bad feeling about this...' ;)

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       7 years ago  

      all we can do is now just Hope for the Best :)

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       7 years ago (edited) 

      The market is not looking too bad today (right now) :)

      I think I'll always have a slight negative bias influencing my thoughts which I should try to get rid of :) (Just because I was around when the previous bitcoin bubble deflated!)

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         7 years ago  

        everyone started to buying after that massive growth and when it started to fall down a little every one sold and this led to the Crash eventually and there after it has not stabled itself.

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         7 years ago  

        Agreed.

        I would just be quite surprised if it stabilised at the current levels. Most bubbles have a very similar look, I.e., it eventually stabilises a lot lower than the highest point it reaches (but we may not have reached the highest point yet!).

        Alternatively, perhaps this not a bubble at all (!) and we're just going to see steady growth year on year (a bit the like the stock market), but I dunno. Personally im a bit sceptical about this possible scenario ;)

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