As everyone was expecting one more lower low to around $2,500 USD for Bitcoin. I had a good feeling that we had already bottomed at $3,125 USD mid December. The markets always have this funny way about them and they do the exact opposite what most people think it will do.
If you take a look at the charts we have been on a nice uptrend ever since the cycle low of $3,125 at around mid December. Not just with BTC but with the markets as a whole. Another good example is ETH and EOS which experienced their lows around the same time and have also been on a nice uptrend since then. Take a look at the charts of ETH and EOS also below both have pretty much doubled since then.
If you just got into crypto in this past couple of months you have been doing pretty good for yourself. Obviously if you got in December 2017 or January/February 2018 you are still down pretty bad if you hodled like myself. I believe in crypto as the future so I just held through it all but I learned my lesson because of the market cycles you have to sell your positions and buy back in at later date to maximize your profits.
I feel we have switched over to a bull market already. We just need to continue with higher lows and higher highs from our mid December lows. I want to see BTC stay above $3,800 and push above $4,200 in the next couple of days.
If we do dip down I want to see us stay above $3,550 and shortly after bounce back up to $4,200.
There is a bunch of people on the sidelines right now waiting to get back into crypto with their fiat. They were expecting a dip to around $2,500 to get back in and once they realize that it is not going to go any lower they will be rushing back in not to miss out.
The herd will be coming soon mark my words. The bottom is in we are going only up from here we will not see a lower low.
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