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What will the bottom of the Bitcoin and crypto bear market look like? BTC, ETH, XRP, BCH, LTC, and cryptocurrency news!
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Of course it's closer then ever we are lower then ever all year. Great points though and I agree with you 😉
Seems about right. After the 6k-level breached (which I though was a bottom at the time), the 1.8-2k level seems plausible in which a V-form will establish itself – especially due to a "back to the mean" arrangement. That is, if you assume that the bubble take-off started in march/april 2017. This method has proven itself to be quite accurate in the 2011-2012 % 2014-2015 bear market for BTC.
Bear euphoria is definitely kicking in ….. I'd give them another few weeks to Basque in their stupidity before the market turns around and wipes them out.
I Think the Bottom Will be a Lott lower more like 500.
I've been shorting, and I do agree that it's getting more and more risky. That's why I've been taking profits more aggressively.
Shorts highest ever? I think you are right, quite a few are gonna get rekt and BTC will bounce hard. Always seems to happen on these peaks. You didn't mention how many longs there were though. I read that miners are shorting to stay in business, maybe that's why it is so high.
It's really interesting to me seeing the parallels between the peak of the bull run and what we're seeing currently.
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