There is NO way this will continue falling without a correction all the way to $1000. We are oversold on almost every time frame except the monthly. Like I wrote we are approaching some kind of a bottom. It could be a brief local bottom where we continue downwards or it could be a final bottom before new ath. Time will tell.
Agree. I am looking at the medium to long term. Of course there will be corrections, but the trend is now down, and there will not be a new all time high for a couple of years or more.
for ethereum yes, for bitcoin no
enjoy your lost opportunity
We will find out ! I will play it as I see it. Maybe I'm not completely right. Timing is also difficult, but I am confident of the big picture.
If the price were to get decisively above 3000 and stay there, that would indicate that I have to rethink.
And if it went back to 2800? Would that make you reconsider or would you still be bearish?
IMO this correction is not a change of long term trend and won't make us wait a year for anything big. It's just the effect of people withdrawing their funds from exchanges either to their wallets or to fiat as they were told by many, including moderators of this forum.
The adoption price curve moves in large waves . Each one ends in an exponential blow-off. The size of the fall off the high, is a good indication that the top is in. There has also been a failed retest, which is even more evidence.
Nothng is 100 % certain, but it's a good guide. Balance of probabilities. I would rather have sold out at 2500-2700, and have to buy back at 3000, than be holding during the long bear wave.