Ninjastic
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Board Trading Discussion
Re: Reversal of Bear Market?
by
gabmen
on 23/12/2018, 13:15:54 UTC
Quote from: Agarthian on December 23, 2018, 10:28:22 AM
Quote from: Matthewmorris4 on December 23, 2018, 02:41:26 AM
Quote from: mjglqw on December 21, 2018, 07:49:17 AM
It's too early to say in my opinion. If anything, I'd probably just call it a price consolidation. While yes, the price increased by $800 if only a few days, but also take note that the prices also crashed from $4000+ to $3200 in a short time span. Is it going to continue to go up? No one knows, but my guess is that $3200 isn't the floor. yet. I repeat, it's just my guess. Trade wisely.

indeed, this is actually what makes traders doubt to enter the market again, market price fluctuations are more visible at times like this but this time the impact is negative, the price fluctuation has absolutely no positive effect, when prices are below, people are more doubt and fear if prices are likely to fall even more

I think u guys underestimating the fact that it took more than 9 months for btc to drop below 6K



And now that its dropped here u guys are underestimating the fact that BTC is at all yearly lows

A Bullish move back to 5.5K will not suprise me at all.

Same way as a drop back to the lower 3k levels won't surprise me either. No one's underestimating bitcoin and people are even having higher expectations than necessary when this upward movement started. Bottomline is, we can't be too complacent.