The End?

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.

Lasst Chance2.JPG

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.

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 directly from here, but what the consensus things the market is doing, usually is what the market does not do.

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