Quote from: BartS on January 23, 2020, 03:12:49 AM

Quote from: DevilSlayer on January 15, 2020, 06:07:18 AM

There is now a transition that is happening where the bearish trend of the bitcoin is now becoming bullish. The bitcoin is currently consolidating, you will see it by using darvas box. Once the price breakout in the darvas box with an increase in volume then it is a good sign because it is the meaning is the buyers are now in control.

While I agree there is a transition taking place we are not going to get a confirmation of that until as you say there is a positive breakout with good volume, which is not something we are seeing right now.

It could always be possible the bulls eventually give up and the price begins to go down very rapidly, this has not happened and we will also need a confirmation of this happening, so the best thing to do now is to just watch the market and wait until it gives a clear verdict about where it wants to go.

The chart is now becoming a stair where the price is moving in upward position. The sideways is already finished because of the recent breakout that happen. With the use of moving averages, we can now confirm that the market is now in bullish. The market is currently recovering again but we should not expect too high where bitcoin can easily beats its previous ath. We should just expect realistic results and outcomes.