Quote from: outsidertrader on December 04, 2018, 03:12:10 PM

Quote from: cindygirl on December 04, 2018, 02:25:46 PM

Well the support held with a quick rebuff and a big green candle. So next stop seems to be a test of mid 4000s. Price movement at the moment reminds me of the range around 6k, very predictable and little movement. That's why I suspect we're not ready for a reversal. Be interesting to see how the market would respond to a bullish movement above 4.5k like you spoke of. Wouldn't be surprised if a lot of people FOMO'd in because there's been a lot of talk of recovery lately.

I dont Think the FOMO people will be bigger than the LOSS people (the ones that have bought at 6.000).

Because of the size of the 6k bottom's range... Too many Holders bought there for too long time.

We must see the market getting into a big Range for a Healthy rise:

The bottomness the Range would be better for the up trend.

If the Range Balance from 3.500 to 6.000 would be a BAD range. Its should be almost FLAT at the Bottom. We need a FLAT RANGE to rocket up again!

Hmm, that's a very good point, a lot of people are going to take the opportunity to break even and leave the market. Although I would think that the majority buying at 6k would've had quite a long term outlook and that shouldn't be too in jeopardy, but that's coming from someone who is bullish long term.

We won't be rocketing anywhere, even if the price returns to the ATH it's going to take a long term, almost certainly longer than last time the price went from 3k to 20k.