Re: Are The Bulls Back?

The market seems to be green again. There's a lot momentum around some coins at the moment. EOS, ETH, IOTA, and so many other coins are significantly well. Even King BTC hit $7k and it has stayed above it for the most part of today. Is it same to say the bearish market situation is over and the bulls back in business to dominate the market?

I do not think the bear market is over. I think it will still last until 2019 and we will definitely have losses in the coming months. But do not get discouraged. We need to be patient and take advantage of this opportunity to invest again. We will certainly be profitable in 2 years. The current upward trend is just a sign that the market still has the potential to grow. do not expect too much.

Stop being a news addict and start filtering what you read, because in most cases all information is provided to the user specifically to manipulate his actions.

I see that the number of short positions decreases. https://ru.tradingview.com/symbols/BTCUSDSHORTS/
If we look at this tracker, then we can see big purchases and sales on large exchanges https://tucsky.github.io/SignificantTrades/
I see that someone on the exchange bitmex builds up a large position in the long. You look at the volume of purchases.

I think that only an experienced trader will be able to have good results in the current state of the cryptocurrency market. Since I have little experience, I prefer to wait out this time, keeping all my assets in my wallets.