Was this end of downtrend ?

in busy •  6 years ago 

Novogratz thinks so. No idea who he is? A little bit below.

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Worth to note BTC jumped nice since yesterday, ETH is coming back too.

Markets

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6 years ago by

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    • [-]
      ·  6 years ago 

    Sure does seem like it. Pattens repeating. Now a 300% to 500% V bottom off the lows?

    Screen Shot 2018-09-12 at 12.34.42 AM.png

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    5 votes
    [-]
      ·  6 years ago 

    Hi @kingscrown, i think Novogratz is right, it is the bottom of cryptocurrency. Now let see how much time it take to reach again its all time high. But i am sure it will reach again its all time high within 2018. I already post my technical analysis on ripple. Analysis tells us that it is the bottom of ripple price. You can check it here, https://steemit.com/cryptocurrency/@cryptoexpert79/ripple-analysis-best-time-to-buy-hurry-up
    All coins are related to Bitcoin. When Bitcoin will rise altcoins will automatcially rise.

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    1 vote
    [-]
      ·  6 years ago 

    i am sure it will reach again its all time high within 2018

    I really, really doubt that

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      [-]
        ·  6 years ago 

      Not only cryptocurrency mostly all kinds of market moves with uncertainity

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        [-]
          ·  6 years ago (edited)

        they do but given the current direction of the trend I find it extremely unlikely we'll retest $20k by the end of 2018 @cryptoexpert79, markets wont't just V-bottom like it's 2017 all over again, gotta be realistic.

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          [-]
            ·  6 years ago 

          Hi @tradealert , you are right that markets do not behave like V pattern. But what i believe if institutional traders get involved in 30 September ETF then surely it will retest $20k.

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            [-]
              ·  6 years ago 

            I would love to see the last of this bear market. I am not so sure though..... considering all that I have seen in the past few months. I came into crypto when Bitcoin around 4-5K and I was expecting it to go to the same point.

            The good news seems to be that miners won't be allowing Bitcoin to go below 6K and if this the price than who knows..... maybe this is the bottom :-)

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            5 votes
            [-]
              ·  6 years ago 

            I share your insight

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              [-]
                ·  6 years ago 

              Good post

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                [-]
                  ·  6 years ago 

                ETH just put in a capitulation intermediate low. A lot of work to do but the last 48 hours was a huge start.

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                  [-]
                    ·  6 years ago 

                  Don't jinx it Novogratz...

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                    [-]
                      ·  6 years ago 

                    he is a OG whale, but I remember in one of his interview he said one of his friends 'forced' him to buy ETH because he didnt want to involve in that stuff...lol he also said he sold to early...like Vitalik something like 5-7$...
                    anyway if the market turned because of him i am afraid worst days are coming....

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                      [-]
                        ·  6 years ago 

                      Mike Novogratz is a person who is very interested in this scenario ))
                      This option is quite possible, but I do not see objective factors, neither technical nor fundamental, that this is the bottom. The only argument for this is the annual cycle.

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                        [-]
                          ·  6 years ago 

                        purely on the technicals it looks like the bottom doesn't mean that it's going to explode anytime soon though as market sentiment still looks weak

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                          [-]
                            ·  6 years ago 

                          today most of the top 50 are on greed. it might the start of bull. but im still reserve about the trend. it might be false bull.

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                            [-]
                              ·  6 years ago 

                            I think market starts bull for long term.

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