A possibility I will follow until proven otherwise with big picture price action + volume to confirm both true or fail.
You can see the area where I have volatility about "dead" for a month before I expect a huge green volume candle spiking out of no where, which will be the official signal that the bull market is ready to begin again.
From a sentiment statement; we are getting close to the bottom I believe. This last downward movement over the next weeks should pull out the rest of the overly-optimisstic bulls trying to time the bottom. The relatively very low volatility that will last for a few months afterwards should pull out the rest.
This next downward movement I expect a lot of hidden accumulation by big smart money. This range from $6k to $5k I believe will show some tell signs with higher than usual sell volume candles that doesn't match the sell sentiment.
Look closely at my timeframes as I believe they are close to what I'm envisioning now. If anything; I may be under-estimating the low volatility duration but I think in general; this is the trend we will see over the next year.
Remember guys: IT'S NOT IF YOU CAN CATCH THE ABSOLUTE LOWEST PRICE. IT'S HOW LONG CAN YOU HOLD IT. When you catch the bottom price to whatever this thing might get to; it won't all the sudden go parabolic and straight to $20k. It will take months and months to continue building upon the new concrete foundation (aka bottom price). Patience goes both ways. =)
You can see the area where I have volatility about "dead" for a month before I expect a huge green volume candle spiking out of no where, which will be the official signal that the bull market is ready to begin again.
From a sentiment statement; we are getting close to the bottom I believe. This last downward movement over the next weeks should pull out the rest of the overly-optimisstic bulls trying to time the bottom. The relatively very low volatility that will last for a few months afterwards should pull out the rest.
This next downward movement I expect a lot of hidden accumulation by big smart money. This range from $6k to $5k I believe will show some tell signs with higher than usual sell volume candles that doesn't match the sell sentiment.
Look closely at my timeframes as I believe they are close to what I'm envisioning now. If anything; I may be under-estimating the low volatility duration but I think in general; this is the trend we will see over the next year.
Remember guys: IT'S NOT IF YOU CAN CATCH THE ABSOLUTE LOWEST PRICE. IT'S HOW LONG CAN YOU HOLD IT. When you catch the bottom price to whatever this thing might get to; it won't all the sudden go parabolic and straight to $20k. It will take months and months to continue building upon the new concrete foundation (aka bottom price). Patience goes both ways. =)
Comment:
Sorry about the typos above! Wrote that quick and fast!