Bitcoin may have officially ended the bear market
I normally do not post much, but I hope this may help out someone out there who is looking for some clarity in a sea of confusion.
Put simply, I believe that Bitcoin, and by extension the rest of the crypto market may have turned over on the down trend and may be heading sideways or a new beginning.
I'm not giving trade advise, but personally I have been feeling much more confidence has come into the market in the past month.
Personally, I expect sideways trading for the rest of the year. Come January, everything may start to get exciting again.
PS~ Expect Bitcoin Cash to have a huge pump before the year ends. Don't ask me how I know ;)
PSS~ Bitcoin Cash is the real Bitcoin
Trade active:
I'd like to share something interesting that Dan from The Chart Guys (TCG) mentioned in a Youtube video that he posted today. All credit goes to Dan for this interesting find, and you should check out his YouTube channel for great daily trading content.
Dan brought up this daily chart of BTC to South Korean Won on the Bithumb exchange. Notice anything odd about the trading volume? Volume has been building up substantially lately and yet the price has barely moved. Dan mentioned how he believes this is a clear time of accumulation and/or market manipulation.
Here it is a bit more up close...
This is clearly not normal, and it is something we should be putting into consideration as to what the next potential move the crypto space might do.
If this is a period of accumulation for a few whales, then I highly doubt that they will allow the BTC price to go down anytime soon and take a loss.
This all seems to back my personal opinion in that Bitcoin has ended its year long period of bear market correction.
I'd like to share something interesting that Dan from The Chart Guys (TCG) mentioned in a Youtube video that he posted today. All credit goes to Dan for this interesting find, and you should check out his YouTube channel for great daily trading content.
Dan brought up this daily chart of BTC to South Korean Won on the Bithumb exchange. Notice anything odd about the trading volume? Volume has been building up substantially lately and yet the price has barely moved. Dan mentioned how he believes this is a clear time of accumulation and/or market manipulation.
Here it is a bit more up close...
This is clearly not normal, and it is something we should be putting into consideration as to what the next potential move the crypto space might do.
If this is a period of accumulation for a few whales, then I highly doubt that they will allow the BTC price to go down anytime soon and take a loss.
This all seems to back my personal opinion in that Bitcoin has ended its year long period of bear market correction.