Hello everyone, what do you think is the end of the current weak market performance? Will there be a bull market in the rest of 2018? If so, how many months do you expect? And if so ,how much money are you prepared to invest if you come?
Well quite simply i think we are still in a bear phase or at the very best in a consolidation phase . I mean yes BTC has recovered and did not break that dreaded 6.8k trend line, its important to not keep expectation sky high. All the charts still show that we are still in the same downtrend and its in my opinion naive to think that 5-8% move up can be categorized as the start of the next bull run. Its better to be cautious and not make these type of calls right now. IMO you cannot call a trend reversal until BTC breaks 8.8-9.2k and can establish a higher high from the last upward movement