Comparing the post-bubble territory of the 2013 run with the most recent one, we see some surprising similarities.
Additionally, there seems to be that hint of the same sentiment in the air, where everybody believes we can all go back to making piles of money again.
I recall however losing the majority of my stack from August 2014 onward, due to inexperience in recognizing there was not going to be new highs, an hemorrhaging altcoin market, with only an occasional pump here and there, and being on vacation in 90% alts for about a month.
If we can not break 10k with some conviction, I think there is a good case to anticipate capitulation towards the 2'500-3'000 mark in Q4-2018 or Q1-2019.
I'd like to be proven wrong, but we need to stay very alert to significant downside risk in the second half of the year.
Cheers and trade safe
Additionally, there seems to be that hint of the same sentiment in the air, where everybody believes we can all go back to making piles of money again.
I recall however losing the majority of my stack from August 2014 onward, due to inexperience in recognizing there was not going to be new highs, an hemorrhaging altcoin market, with only an occasional pump here and there, and being on vacation in 90% alts for about a month.
If we can not break 10k with some conviction, I think there is a good case to anticipate capitulation towards the 2'500-3'000 mark in Q4-2018 or Q1-2019.
I'd like to be proven wrong, but we need to stay very alert to significant downside risk in the second half of the year.
Cheers and trade safe