Post
Topic
Board Speculation
Re: Bitcoin Gradually Increased in Price in September, Case for a Bull Run in 2018
by
SwaVeR
on 15/10/2018, 13:01:13 UTC
Instead of looking at the news, look at the charts. September started with a big dump (Sep 5) from some 7400 to some 6300. Since then the market tried some sort of ultra slow recovery, but we are far from anything significant.
An average "rise" from 6300 to 6500 (6600?) in a month, after such a drop, is not really a joy and it's certainly far from calling it a bull run.
It is not really a joy actually, but we know the market will have to develop on its own actually. The thing with this market is that moving in a sideways is not actually bad and that shows that the bulls are really trying hard to want to get back in, but we all know after a huge bear trend and a bear trend which I still believe is on unless we see the trend change, the bears will obviously not give up without a fight which is what we are seeing now.

At least, it is a good thing to have seen the bull keep the $6k region as a very good support looking at the bounces we have had in the past few weeks, and I believe we might actually have a chance up even if it is in the short term, but all these is something that the market and chart will obviously have to tell us based on what we see.
Yeah there is no significance in the bitcoin market for long time. Investors are now looking here and there to get some other way for investment. I will not put my money in such coin which is not giving me any profit for long time. Sometimes I think that I should wait for some time atleast till the end of this year and then decide what to do with my investment.