Quote from: magneto on July 30, 2018, 09:56:28 PM

I probably don't feel as confident in this being the start of a new bull market as a lot of people do, mainly because of the fact that the last major bear market in 2014 simply lasted way longer than just a few months.

I still think that $10k resistance is going to be strong, and it's unlikely that the bull market will come straight after a period of such pessimism within the market. We'll probably see more consolidation before seeing the actual recovery.

But when the bull market does actually come, I think that 1-2 years is usually the norm based on historical evidence. However, with the new institutional investors coming into the markets, the next bull market timeframe could be elevated as a result. It's too early to tell atm as I said, it could not even be the start of the bull run yet, and this could just be a temporary adjustment upwards.

Yeah it all comes down to those institutional investors and how much they're going to influence things. If they decide to jump right in, it'll cause big waves in the pool and we'll see a massive move up. But I think that they're being cautious here.

Overall the sentiment is changing as we speak, as more people are returning with confidence. So that might be contagious and spur the institutional investors into moving faster than expected. But until that happens, major consolidation like we see now.