Post
Topic
Board Trading Discussion
Re: Here we are! lovers' of bullish trend.
by
Zadicar
on 29/03/2019, 21:38:29 UTC
I do believe that we all has the desire of seeing bitcoin and cryptocurrencies market be in good condition.
*sigh*

OP, you are full of hope but short on reality.  I had to take a look at preev, since I don't frequently check the price of bitcoin.  As I'm writing this, bitcoin is at $4083.  That's a fantastic price, and I'm very happy it finally broke $4k.  However, if you look at where it's been for the past year I don't think you can call this a bull market or even a bullish trend with any momentum behind it.  It seems quite possible that we're experiencing normal (and random) market fluctuations, with the probability still very high of dropping back to $3500 or lower.

What I'm saying is that OP is crying wolf, driven by emotion.  Hopefully he's not an active trader, else he's going to get pounded by the market.
This is why im quite tired on reading up these kind of speculative approach or insights towards bitcoins price without even trying to check the chart on how long we have been here on this ranges.
Comparing it on previous prices then we cant really consider this current situation as a start of bullish trend as you said this is just like a typical day on crypto market seeing some
small volatility but theres always some time on huge price swings but it doesnt indicate anytime that we are already heading for market reversal.