I say this phase has already begun. So, what do you guys have to say?
Well, as of today we lost that support and if we tend to go back at history just like what 2017-2018 did with -84% drop, then we'd be havind that $11k-$10k level. I'm not saying we will exactly hit these levels but fundamentally there are still a lot of factors to consider before we hit that capitulation wick.
Just want to say, it will be hard to say we bottomed already, a further below is what I'm expecting. Remember that winters in the bear market and we have still one month before the year close and last time in 2018, December was the month we hit its ATL.
But it has possibilities to happen so I guess we need to watch how the market goes if we want to take advantage the current drop that might happen since if we just ignore it then maybe we will just waste the good time bring up by this current bear market situation again.
So hard to tell we are really at the bottom since the price still slowly dumping so maybe we didn't see the worst yet so I guess we need to be cautious on what will happen on last month of this year since to see some snapshot that might happen next year.