Post
Topic
Board Trading Discussion
Re: Reversal of Bear Market?
by
GregH37
on 29/12/2018, 17:13:46 UTC
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.
I guess too, speculating the price at this moment may lead to a false one since there is uncertainty and volatility involve especially on bearish market. Reversal on the market or lets say the bull era of market is hardly to see right now, there is like a smokebomb on the market cause we can't clearly see what will happen if go continue engaging with the market's situation.
Yes, it will be much better not to bother about what is happening exactly with the market right now. Because, assuming something of our own, we will be leading into miscalculations and finally into losses or waiting more. The better option must be just watching the market fingers crossed and if your budget allows buying more also recommended action for right now.

Most people here are expecting positive market from 2019 onward. But, that also another speculation about this crypto space as there will be no easy method to know the future. So, we must be ready for anything and personally I will not be having any problem to continue my holding regardless of the beer market is reversing or not.