Quote from: arthotdog on September 26, 2018, 02:53:36 AM

Quote from: Bardman on September 10, 2018, 10:12:11 AM

I know people have been saying that since forever. This whole year people have been yelling ''bullish'' every day however, memes aside I truly think bitcoin is bullish. Obviously we are in a downtrend but I just find it funny when people lose their minds because bitcoin went from 7400 to 6700 in a day when in december we had $3000+ moves to the upside. No one was complaining back then huh? Technically speaking when you look at the weekly/daily chart you can see we are basically in a descending wedge which is, technically speaking, a bullish indicator. We have been forming weekly lower highs all year, however if the support area around 6000$ holds again this time, we will be in a really good position to actually break the lower highs, we would only need a 1000$~ move to break it for the first time in basically a year.

Not to mention the clear interest, governments/entities/businesses are taking in bitcoin. ETF's, Nasdq, etc etc, even if they aren't approved.

Bitcoin is bullish in the sense of domination because looking at the market capitalization it seems like the dominance still sitting at more than 50% so thats the best reason to think that this is bullish and enough reason also for us to trust that bitcoin is still kicking and alive

About the price well,were just waiting for the economy tl grow again because as of today world economy is still in bad shape

I think the situation now is not considerably as a bullish because it not reaching the full potential but considerably being become moving steadily to it s full potential, hopefully in the end of the year we will meet what we are expecting.