With these last couple weeks looking like the 45% dump we were expecting based on the last end-of-downtrend January 2015, plus the apparent bull flag forming quickly after what appears to be a final dump in price, this could mean a reversal is occurring. If the day candle closes above 4100 - 4300 USD on Kraken, this would further confirm trend reversal. This is because that would close pretty much identically to last bear-trend's reversal pattern.
If this reversal is confirmed, I expect to see a very long accumulation phase (up to 1 year) before we see a proper supper's rally. However, this process could be sped up seeing as there is much more institutional money and corporations involved this time-round, as well the technology's development is much further along than it was the last time we experienced an accumulation phase.
Keep your head in the game traders, and remember that news will always exaggerate price changes for sensationalism. All experienced crypto traders saw this dump coming from a mile away.
If this reversal is confirmed, I expect to see a very long accumulation phase (up to 1 year) before we see a proper supper's rally. However, this process could be sped up seeing as there is much more institutional money and corporations involved this time-round, as well the technology's development is much further along than it was the last time we experienced an accumulation phase.
Keep your head in the game traders, and remember that news will always exaggerate price changes for sensationalism. All experienced crypto traders saw this dump coming from a mile away.