You are viewing a single comment's thread from:
RE: Technical Analysis of Bitcoin and Major Alt-coins
Interesting comparison with Japan's stock market. I had thought that there will be another big dip before this bear market ends but that almost seems to be the consensus now, so perhaps it wont happen?
I think you should also follow me on twitter (only if you trade time frames lower than daily) because I give updates as soon as any change happens but here I just post overviews with details. If you take a look at my tweets you understand what I’m saying.
We will have another dip after a short term bull run. I have explained that after a short squeeze that may take the price around 7500$ then we will have bear trend and the price makes new lows. Lower low depends on price behaviour befor dropping. For now around 5k is expected but it may change and even go to aroun 3k or lower. I will update every time that the market gives new piece of data. Bitcoin started the up move and the short positions are dropping already.