Bears are out of strength though they still seem in control because there are simply no bulls!? That's right. Now there are two kind of bulls: 1. The smart bulls that are savvy investors who are looking for a bottom. 2. The fanboy bulls who were all moon and lambos and then didn't have the guts to hold and panic sold. Now they want to make back the number of coins they lost. Now in this second category of fanboy bulls there are two further types of fanboy bulls: i. Those who want to make back an amount of coins close to the number they lost but they will buy back if they see the price rising and they'll make do with what they get. ii. Those who want to make back EXACTLY the same amount of coins that they ended up panic selling and so they will wait for 1000 or 2000 and they will, I repeat, they will end up missing out on the next bull run.
Now none of us has a magic ball, so generally in investing it's good principle to look at the big picture and then dollar cost average your way in with small orders along the way. You buy low and sell high. That's the only way it works. You don't sell low. You don't buy high. That's it.
This is not investment advice. Do your own research and due diligence.
Hopeful...
No catalyst for your next bull run. Not yet
Jefe
⋅
@hamidikia.ali, Something might surprise us soon from US or China. Can't say which one first.
Rombit
⋅
TroyByrne
⋅
Bottom should not be to far away, so buying in now and dollar cost averaging down is a safe bet, that is if you believe the 6k price is absolute bottom. I like you analysis, not sure that I agree our your target but good work.
Jefe
⋅
@TroyByrne, I don't think 6k is absolute bottom but I'm pretty sure it is very close to that (slightly higher or lower). In any case, I don't mind accumulating now because I can see the people waiting to jump at the bottom. They are watching the charts with their eyes peeled to invest again. People who make a case for a bear market like 2014 forget such simple and obvious indications of sentiment, greed and fomo this time around. Not only are the circumstances different, the approach is different too. This is evident in the "no bulls in sight" but "big sudden spikes" as the price approaches 7k or 6k levels and the extremely quick bounces from there.
mjtrustme
⋅
Smart Bull Master race checking in.....
Acel
⋅
Target is a bit off but i cant agree more with the text.
Jefe
⋅
@Acel, I'm glad you agree. I'm more interested in the psychology than targets.
Acel
⋅
@fakhan, i know, you got high accuracy on that. :)
No catalyst for your next bull run. Not yet