HODL today, buy Lambo next year. Want moon? You have to be bold/patient (is a virtue) when everyone else is fearful. If you are waiting here, you will never get that $3,000 that everyone so desperately wants. Here comes the short squeeze...
Merry Christmas to all you good boys and girls. The greedy will get coal in their stockings.
Your's Truly, -racethehair
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Market Cap, notice the exact percentage price ranges between 2014 and now
Your chart is cool, but check what happened before going up and how much it took to do it. It required a double bottom with a clear exhausting movement, right now we are in a sharp drop, we can't just reverse immediately. this is going to take a while before bull market again.
racethehare
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@Litoidean, yes, you are absolutely right.. but the double bottom at this point was only on bitfinex from the long margin squeeze. All other exchanges never double bottomed. Q1-Q2 2019 will slowly transform from bear to bull I suspect
mjtrustme
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big moves coming, bottom is in. no one selling any more
racethehare
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@mjtrustme, a small percentage of folks see it that way. Let's see if we are right!
crypTouche
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Thanks, we are near bottom, whales and institutions accumulate just now, just look on the biggest 200 bitcoins wallets and transactions. I am in...
racethehare
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@crypTouche, that's what it's looking like. Turn the retail traders bear, while institutions make the magic show slight of hand...
achoCRYPTO
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bottom is coming in next 48h . End of the bear market path :
racethehare
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@achoCRYPTO, take a look at my weekly market cap chart price percentages and how uncanny that they match that of the 2014 bear market
UnknownUnicorn3272583
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I disagree. Retail people are not buying, but someone is buying. All these small dumps are purposefully bear traps to trigger stop losses to cause volume spikes of sell pressure so they can buy at a low price and at a high volume. This tells me that retail people are panic selling (as it always the case) and smart people are accumulating.
racethehare
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@rakeshm90, you are right, and that fits perfectly with my narrative. Take a look at my other post on this subject. Thanks for the comments!