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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thedawn

nice post..i like it......

7 months ago
bhimsen

CoinDesk

Coinbase Just Bought One of Bitcoin's Best-Funded Startups

Wolfie Zhao

16 hours ago


Cryptocurrency startup Coinbase has announced the acquisition of Earn.com, one of the industry's best-funded startups.


A statement released on Monday confirms a previous CoinDesk report in which sources said that Coinbase and other potential buyers were in talks to acquire Earn.com, formerly known as 21 Inc.


21 Inc previously ran a

Read more
7 months ago
livinginthepacific

Another product to investigate. I'm sure glad there are only roughly 1,500 cryptos to keep up with.

7 months ago