Recently read the news that the volumes are growing at localbicoins in Canada and Europe. The news is really true, as I have checked this information through a special service.
What do you think? Is this a bull market signal or another trick?
I'm not sure how big the impact of localbitcoins, maybe it has play significant role that we might have overlook. We have recovered by the bottom in the last couple of days, but it looks like everyone is talking profits when the price bounce back so we are back below $7K again. So we are not in a bull market signal as of yet. Gonna be a long way before we can see the flock of herds running because the bears are still taking over this market. We have seen this pattern before, actually when we peaked at $11700 last few months, everyone is calling (including me), that we are already out of the woods and we can all breathe a sign of relief, however, we all know what happens next, so it this is another bull trap or a dead cat bounce, we all should be cautious but should enter the picture and quickly jump in before a massive bull run that we all have been waiting.