Hi! Zooming out and looking at the long trend I think Bitcoin is regressing to the mean. By that I mean by that is to the long trend line before the parabolic growth. With my very limited knowleage of TA I must rely more on my statistical intuition. There for I se all of this bull run in 2017 as a lost oppourtunity for me. (I bought at the top.) By virtue of the anthropic principle I am the crypto market now because of this bull run that was. I because of the hype, when the hype was at is strongest.
Looking at earlier bull runs and bear markets I think this will need long time to recover. And I think bears are greedy for a really good bying oppourtunity.
Lastly I think stocks and bonds are fragile this year and if Bitcoin bottoms out right before a crash may be we will se a flow of money from other markets in to crypto?
Praise Mercur! :-)
Looking at earlier bull runs and bear markets I think this will need long time to recover. And I think bears are greedy for a really good bying oppourtunity.
Lastly I think stocks and bonds are fragile this year and if Bitcoin bottoms out right before a crash may be we will se a flow of money from other markets in to crypto?
Praise Mercur! :-)