Quote from: NeuroticFish on January 07, 2019, 08:06:03 AM

Quote from: exstasie on January 07, 2019, 07:44:53 AM

This is obviously a bear market, so regardless of any fundamental reasons we should be prepared for another test of $3K and maybe lower. In the mid term, I'm looking for this bull trap to end higher ($5K-$5,500 is my guess) but I have a feeling we'll get a taste of the $2,000s before the bottom is in.

There's something else to take into consideration. Something that may have an impact or not (I expect at least a short-term impact) : it's the launch of Bakkt in 24 January.
So this January may look way different from last year's, at least until Bakkt is launched. And yes, this could bring $5K+; and this could even make the $2k prediction not happen (although I wouldn't bet too much on that).

In fact, what the OP is not putting into consideration right now that the market has been pretty bearish since the beginning of the year and the likelihood of a consolidation or a slight rally is there than a more bearish condition, but not like the latter can still not happen. The past he used to judge was a January that started from the previous bull run and has hit an overbought stage waiting for a huge correction, using that sort of January to judge this one where we were in a downtrend throughout 2018, I really wonder how illogical his comparisons are. Moreover, we have had several Januaries with green in the past, so what are we saying?

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