Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?
I think it is just a retraction. In my option, we are still in a bear market.
If ETH fails to break 2000 USD in the coming 2 months, it will most likely continue below $1000 and perhaps even 800 before taking off again.
Like always, trading is unpredictable but I take my guidance from Elliott Waves and having experienced a few bear markets before.
Some people think that we are out of bearish market not knowing that we are still inside the Irish market because since I've been noticing the step of Bitcoin I haven't see any change or anything that will convince me that we are out of there is market all the altcoins are still fallen showing red sample so I don't know how the old coins will still be incense shape and also bitcoin have not increased in any value but people are still saying that we are out of there is market it is unbelievable