Why I’m still bearish
Volume is very weak, chart says everything, so a few words about the market situation and psychological games:
I really don't understand why everyone is bullish just because the price went up a few percentage points. I've seen a lot of people on TV talking about the BTC price going up to 5k or even 6k soon. In my opinion, major players are trying to get everyone excited and trick them into buying BTC with the hope that things will get better in the new year 2019. I don't think we've reached the real bottom yet and seen real capitulation. Even though this is a new year and we went up the last two weeks, it is important not to forget that we are still in a heavy bear market. Bears will come out sooner or later and show that they still have everything under control. From my point of view, we will see a STRONG response from the bears over the next few days.
$3980 seems to be an important level. If bulls can hold it, we might as well go up.
Do you share this view or do you disagree? I appreciate your opinions.
I really don't understand why everyone is bullish just because the price went up a few percentage points. I've seen a lot of people on TV talking about the BTC price going up to 5k or even 6k soon. In my opinion, major players are trying to get everyone excited and trick them into buying BTC with the hope that things will get better in the new year 2019. I don't think we've reached the real bottom yet and seen real capitulation. Even though this is a new year and we went up the last two weeks, it is important not to forget that we are still in a heavy bear market. Bears will come out sooner or later and show that they still have everything under control. From my point of view, we will see a STRONG response from the bears over the next few days.
$3980 seems to be an important level. If bulls can hold it, we might as well go up.
Do you share this view or do you disagree? I appreciate your opinions.
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