It feels very much like we're in the opposite situation that happened after reaching 20k. It's one of those moments where it takes guts to go long and bears feel like they are right.
Agree, 100% possible... but on the other side, was there already the big frustration how anyone called crypto dead?
Maybe one last move lower it is to find the final bottom... or december´18 it was already the bottom.
Nobody knows, thats why we move sideways in very low speed ;-)
luckyman18
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@Crypto-Coin-Trader, not like it matters for people who're still holding if we go some % lower at this point in time. Down 85% or 90%... I don't think people would call crypto more dead then ;)
Crypto-Coin-Trader
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@luckyman18, sure but some people are getting excited at these days and could be angry if it goes down instead of up.
Personally i think it will be very great in a few years from now. Don´t matter if the bear market take a year longer.
luckyman18
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@Crypto-Coin-Trader, there's always people on both sides. For every short there is a long. I disagree that Bitcoin has to bleed more here...
And absolutely, longterm we shouldn't be worried at all.
Crypto-Coin-Trader
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@luckyman18, yes of course! I would be perfectly fine if the 200 MA will stay as support. I only wanted to say, there is a not so very little probability that there will be a last drop.
luckyman18
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@Crypto-Coin-Trader, yes sure. Nothing is impossible in such a complex market.
luckyman18
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@Crypto-Coin-Trader, Nobody knows what's going to happen. All I'm really trying to say here is that from a risk-reward standpoint it would be a good long trade setup.
Maybe one last move lower it is to find the final bottom... or december´18 it was already the bottom.
Nobody knows, thats why we move sideways in very low speed ;-)