Friends, many analysts say that soon the bearish market will be replaced by a bullish one and, accordingly, there will be a turn up. What altcoins do you think will greatly increase in price?
I think bearish season is not over yet.Market needs more correction and consolidation.In my opinion Bitcoin might go to 4000 region then we will see excessive growth in the market.Altcoin has corrected a lot and now we are seeing sudden rise in few altcoins.
Sure, we are not done with the bearish season yet, but there are still some little chances of seeing the whole market get to some point of reversal, most especially for the altcoins, judging from the way they have been acting lately, and how if given a perfect condition, most especially when it comes to the movement of bitcoin, we will get to see some solid growth in them as well. During this period, obviously, we will get to see a lot of sleeping giants, waking up pretty fast.
That reversal is actually looming with the way things are going with altcoins. We have seen some bullish divergence signals lately, some of them even breaking out from the downtrend with some pretty good volume and even though we could say that may not really tell us what would happen next, at least, we know it is a signal for when the whales are popping in.
Things could go haywire which is why we have the stop loss anyway, but however it is, I believe that no matter what and in the end, the market is always going to pick up and recover anyway and then we will see some sleeping giants with ADA being the first on my list waking up.
This bull market is not real it is a trap for the short term investors as i am expecting some 10 to 20% of correction and in this correction mostly panic sellers and short term traders will be washed out and then we can see some pull back but this year we wont see see any high spike in price like last year.