Don't take this as a recommendation but there seem to be some indications that the bottom might have been made, contrary to my expectations that bitcoin could go to 2000 (see OP and other posts). I don't think that bitcoin is going to go up seriously during 2019, but perhaps it will start a painful recovery that will take more than one year to go back to 10,000. It was something like this that happened in the past every time we had a major crash.
I still expect a fall to at least 3930 perhaps even 3600, but the risk/reward might worth taking a small position with a long term perspective, at least at those values. In order to increase it as the price breaks 4250 and then 4500.
As usual don't trust me. This isn't a recommendation. Do your homework.
I still expect a fall to at least 3930 perhaps even 3600, but the risk/reward might worth taking a small position with a long term perspective, at least at those values. In order to increase it as the price breaks 4250 and then 4500.
As usual don't trust me. This isn't a recommendation. Do your homework.
At least you made sense this time.
Yes, probably the last bottom is already in. I'm fine with the long and grinding recovery leading to 5 digits again. By experience we know that a sudden burst in price is not good for all of us, just like what we saw in December 2017. It could fall, but I'm not expecting it to go further below the last all-time-high, probably $3600-$3700 will be a big resistance now.
I think the same, seeing the liquidity that can present in such a large resistance of $ 3.6ka $ 3.7k represents a powerful area to hold any crash, however, when analyzing the volume, the price has gradually increased without volume, indicating that no there is supply at lower price levels.
Now if a crash occurs the most that can fall is up to about $ 2.8k, since after there, according to Malkiel Burton author of "A random walk by Wall Streeth" would be wiping out the castles in the air of people, and every operator of the market takes into account that a possible crash is to buy cheaper and be able to raise the price to take profit, is what is always sought.