nice chart, great analysis, even TA's are indicating a bearish possibility, Here is my analysis supporting this.
topswattashawn
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It's a bear market for him/her because he's/she's micro-trading on a 4hr chart where every trend change looks like an overall market change. He/she needs to use a higher - 1W/1M - timeframe in order to properly determine where in the market cycle we are.
@topswattashawn, Yeah it depends the length you are willing to hold your investment
topswattashawn
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@TradingWithTheTrend, That’s true too. I’m long term hold, so on a monthly/weekly scale, the uptrend has only barely begun. Bottom of the last long-term downtrend was 11 cents, so any price close above that is a higher low, and therefore not bearish. This will remain true for me until the market has peaked, and I don’t believe Bitcoin or any other alt has peaked. We have seen wave peaks, but not cycle peaks.