We already had 3 leg ups in the last year, so i don't think we will have a bounce this year
MAGICMARK
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achtung360
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The pattern in Bitcoin is a well defined one from a classical TA perspective and well defined here.
fitzpa59
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but prices broke through your lines last bear market. i can only agree with a break of that first trend line
SebastianofMoon
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Elshanti the permabull hehe. I'd have nothing against that scenario, however, I still find the low at 3k scenario and rally afterwards more likely. A rally before the halving 2020 seems weird.
elshanti
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@FlaviusTodorius67, yes I took off my bear costume last month :) ..btw it rallied in 2013 after a 75% drop .and it was a 5 month bear market before the second rally.and the longer bear market.. which followed by the halving ..I dont believe that the market would behave according to the majority where everybody expecting 2-3-4k and moon after 2020 halving....that was not the case in 2014-2015
SebastianofMoon
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@elshanti, Could be, I am prepared for both scenarios. Like an emotionless robot. I am fine with both. However, what makes me skeptical of the rally 2018, is that so many people are still bullish and too many rally charts on tradingview. It went upwards again in 2015, after everyone totally gave up, and there were only bearish charts left on tradingview, then the rally came. When no one believed in any more. But you could be right, I will be prepared either way, hehe :)
elshanti
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@FlaviusTodorius67, hope for the best and prepare for the worst ;)