In my opinion this report and others to follow no doubt will fuel the
speculation to end 2018 on a high.
Unfortunately, it looks like sentiment hasn't reset yet. Anytime we get a little bump in price, everyone still gets bullish and expects reversal. In my experience, we need more of a lull and possibly lower prices to shake out this hopeful sentiment. It feels too early for hype to reemerge.
Seasonality might be a thing, but if we look at what happened after the 2013 bull run, 2014 was a year without anything other than a continuous lower high down trend, and this seems to apply to 2018 as well.
True, but every one of these cycles has turned out differently. In 2014 it was all slow bleeding, then capitulation, rinse repeat. All this sideways tells me something different might be happening.