So, while things are not in the bull zone yet, do you not think it 'possible' (as my hopium-addled brain thinks) that this is finally the beginning of the end?
Yes it is definitely the beginning of the end. The problem is, "the end" is quite a large mind space. It will likely take up most or all of the 2019 calendar year.
Personally, I am thinking a dull sideways, but slowly upward grind (sure, with fits and starts) from here to the end of this year. Not a bull run yet - but past the definitive end of the bear market.
Too optimistic for me. We have no foundations on which to build a bull run yet. And we need to break the bearline. Those foundations could form tomorrow, but they are missing for now.
I think too many people would rather buy at 3XXX and risk it dipping than be forced to buy at 4K or 5K if Bitcoin has a French Weekend when they aren't watching.
Yes, it is critically important to be hedged against the upside.
If there is to be a new ATH, according to pattern - with the order of increase we saw between the last two, then (to extrapolate) what is the difference buying at 3K or 2K if it might hit 50K inside 2 years?
I have said before, we could hit $280k by December 2021. I still think this is possible.
Thanks for the reply Hairy, I don't disagree with you. Other than 'the beginning of the end' I wasn't being so optimistic, I don't think anything like a real bull run can happen this year. But even 2015, which memories think dull, saw a near trebling of the price from the Jan low by EOY.
The 200MA wasn't broken, but it was perfectly touched a few weeks back. One more try? Possibly - but even then I reckon it will probably hold, if so... the end of the beginning is confirmed.