Hello there fellow traders,
as we can see, is lowering its since 2018 peak at 20.000.
DECREASING and FALLING price usually means a outlook.
The shows us, is absolutely oversold right now (It is the purple graph on the bottom)
The market cycle shows us, we are at the point of almost zero trust into the market called “capitulation” or “depression”.
On Twitter and Tradingview it like everyone is done with and those prophets promise 1k and lower.
Whenever this happens, it often tends to do the opposite thing= preparing a run. Does not mean it will definitely hit the high of 20K again, but it might be possible to get into a short term uptrend respectively a shortsqueeze.
Since the “crash” already happened 20000 to 4000 ( -80% ; Start of the run september 2017 between 1k-3k up to 20K) we can slowly start accumulating capital to invest soon.
The price might dip to 3000 or even lower 2kish, that actually would not be a surprise, since is low and those bears and whales can manipulate more easy than in other times when and market actions are higher…
The bottom is near if this is not the bottom…
Most of the hodlers have got their portfolio in Hardware wallets and they wont move it.
The bigplayers who want to enter the game surely do not want to enter at 20k, not at 10k, not at 6-7k as we went sideways for the past two moths.
They want to enter at the absolute bottom, therefore they try to see where is the absolute support for .
A lot of people think it is 6k, because we touched it 5 times this year and suddenly, when is almost the lowest this year, it dips to lower 4K.
3K would not be a surprise, but they are testing the lowest point of which they will find out soon. At this point the big boys gonna enter and well, when this happens, you can imagine what the future will be, because we saw last year what was possible without the big boys..
So to shorten this up.
We are near the bottom, even if it falls down to 1K-3K, soon we will see a positive uptrend.
It might take a months from now and maybe 2019 as well, even 2020 when halving is going to happen, but at anytime, we will see a uptrend again!
Always look at the classic stockmarket, the world indexes like dow jones, nikkei, , china and all those indexes from big countries…
if the world inflates or an economic crash happens, this will affect . , as of now, always follows those patterns…
in this sense, be careful, have fun and enjoy 😛
Roman
(Would love to hear your opinion on this)
Published at Fri, 23 Nov 2018 10:26:33 +0000
