Bottoms and break outs
For most people, we're now 'officially' in a bear market. So, for how long and.. where are the bottoms?
Was it just a false break out to the downside and can we expect a fast recovery to continue the bull market?
or .. is it more likely we touch a few more bottoms in the next two or three months? That would be good news for people by taking the change to accumulate a bit more for very low prices.
By the way:.. after recovering from this 6000 - 9600 area, this isn't a guaranty we directly continued the parabolic move. There is a good change we can also enter a second accumulation phase in the area 11k-16k until the next halving in 2020.
So do still have enough time?
Well, be aware that a lot of institutions, whales and other well-of entities know this market and its history, so be alert that any time these entities can step in. That would be an unexpected move indeed, but breaking the trends in the history charts is also a strategy. So, be patient but don't wait too long with surging new bottoms.
Was it just a false break out to the downside and can we expect a fast recovery to continue the bull market?
or .. is it more likely we touch a few more bottoms in the next two or three months? That would be good news for people by taking the change to accumulate a bit more for very low prices.
By the way:.. after recovering from this 6000 - 9600 area, this isn't a guaranty we directly continued the parabolic move. There is a good change we can also enter a second accumulation phase in the area 11k-16k until the next halving in 2020.
So do still have enough time?
Well, be aware that a lot of institutions, whales and other well-of entities know this market and its history, so be alert that any time these entities can step in. That would be an unexpected move indeed, but breaking the trends in the history charts is also a strategy. So, be patient but don't wait too long with surging new bottoms.
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