With the exception of Ethereum, which seems to have started the year with all guns blazing ahead of the Constantinople fork, it wont surprise anyone that the market analysts SFOX rate crypto as moderately bearish entering 2019. In fact, with further sharp drops in all major coins today, perhaps even the word moderately is wishful thinking.
However, unlike many price predictions based on the instincts of even the most credible CEO or economist, the SFOX Volatility Report is based on more than just sentiment.
The cryptocurrency dealer and market analyst takes into account trading volume, price, and volatility data from eight major exchanges. They then come up with an index by analyzing three major factors: market sentiment, volatility, and how the sector, in general, is advancing.
Throughout 2018, this index ranged from highly bullish to positively bearish with November and December the most volatile months on record.
CCN |
https://www.ccn.com/why-the-crypto-market-remains-moderately-bearish-in-2019/November and December has been the most volatile time of the year and 2018 was not exempted. I think the word moderate bearish is not familiar with some of us traders and I am coming across it for first time. However, the bearish trend that started since January 2018 till this moment has cage the bull traders and it is truth that many of them has started to change strategies by hedging bitcoin or any other cryptocurrencies with usdt. Traders are taking little profits from the little movements that happened to bitcoin and others coins and that has makes the pricing to remain in bearish position.