Quote from: GhostWithin on April 04, 2018, 08:12:33 AM

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?

This kind of small rally was expected to end pretty soon after it started. So I don't think that it's the major bull trap, even though the pull back was extremely quick and pretty big in scale as well with prices plunging under $7k today. The major bull trap that we saw was bitcoin hanging around $10k trying to break that $12k mark, and that started off the big dumps.

There are virtually no signs for a start of a new bull market right now. Plus, it's only been 4 months and that's probably just not enough time for the bear market of the cycle to be over.

Quote from: exstasie on April 04, 2018, 11:04:24 PM

Given the lagging trends and the blow-off top, I'm not expecting a bull market for quite some time. Given how long everything takes now, it's prudent to expect many months if not more than a year of consolidation. Longer, if this is 2014.

Precisely. 2014's recovery took 2 years and I expect this bear market to probably last anywhere between 10-24 months. But this is way too soon to say that we've reached rock bottom and are working back up again. We're not going to see a real bull market unless we find a bottom, and this is not the bottom just based on the timing alone.