Quote from: Agarthian on December 06, 2018, 09:11:13 PM

I think the bearmarket isnt done yet as we are fishing for a bottom.

But we could see some up swings before we ultimately go towards 3200 and test the lower 3k range

Any thoughts?

Obviously, its not done yet but we may be getting on the late bearish trend. So there's a chance that they might be exhausted and been stretch too far already.

Quote from: okala on December 06, 2018, 10:01:19 PM

I thought it will recover from $3770 low but that support level has been broken and that is an indication that the market is really not doing very well currently. From the beginning of the year we have this bearish signal and the bearish market has run throughout the year, we hope that next year should be another bull run year so most of us can reduce loses.

At this point, support levels are irrelevant because we're getting closer to the last bottom. So forget about looking for support as its not a good indication for now. Well 2017 was a bubble and it peak when we almost touch $20,000 and then followed by the bearish trend, which makes this another cycle. The only question is when will the next cycle starts? Well, it could be as early Q1 2019, so just prepared for the worst scenario (bottoming) and best scenario (start of the bull run).