Was this end of downtrend ?

in busy •  6 years ago 

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

image.png

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

Markets

image.png

My Official Discord Crypto/Steemit Group - https://discord.gg/Ma3VCxj

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

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

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.

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

I really, really doubt that

Not only cryptocurrency mostly all kinds of market moves with uncertainity

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.

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.

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 :-)

I share your insight

Posted using Partiko Android

Good post

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

Posted using Partiko iOS

Don't jinx it Novogratz...

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....

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.

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

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.

I think market starts bull for long term.