Will the bull market come back?


Citicoins data: BTC bitcoin reported $6291.4, a 24-hour increase of 0.08%; ETH Ethereum reported $205.30, a 24-hour increase of 2.82%; BCH bitcoin cash reported $423.51, a 24-hour drop of 0.93%; LTC Litecoin reported $52.55, The 24-hour drop was 0.01%; the EOS grapefruit reported $4.971, a 24-hour increase of 0.89%.

Bitcoin price:

Yesterday, the volume fell, and after the 6200 support level, it stabilized and began to fluctuate. The overall decline was strong, but the downward trend has already appeared. However, the lower edge of the box is the cost area of the fund. If it falls again, it will fall again. 6000, almost all the chips in the past two years will be stuck. Once the volume is down, it will be very dangerous. Therefore, as long as the long position is still there, it will stick to it. According to the current situation, the probability of continuing to oscillate is relatively large. Direct fall will require huge selling pressure, so it is unlikely to be temporary.

Ethereum price:

In the low position, the heavy volume continued to drop, and yesterday, there was a heavy volume drop. The selling pressure was still very large. The project party took the zero-cost chips and realized it at any position. Therefore, there is not much expectation for Ethereum. Recently, Bitcoin is Following the ether, the ether became synonymous with the skyrocketing and plunging. From yesterday’s selling pressure, it is not ruled out that the shock will be re-examined.


Continue to rush to a new low, the downward trend has not changed, so it is still waiting to wait and see, the probability of the market outlook continues to bottom down.

EOS price:

After the sideways, there was a heavy volume drop, and the direction was chosen. The support level was temporarily supported by the vicinity of 4.8. However, from the recent decline, it is not always possible to keep the live, so the risk is mainly avoided. Once it falls below 4.8, it should Temporary stop-loss stop loss, bearish mainly.

Yesterday, I said three coins at the bottom of the warehouse. As a result, I was taken directly by Bitcoin in the evening. This market will basically not have a banker attacking the trend. As long as the cake is not stable, the small currency will not have a bright light, so once Bitcoin fell below 6000, and small currencies should be unconditionally stopped. Some small currencies have a single day of rising prices. These currencies are basically closed-eyed, and the second day is basically a big drop. The big probability is a day of parade. The overall market is still weak. It is recommended that you continue to keep bullets and wait for a phased rebound.


Of course the bullmarket will come back. Ten x bigger.:rocket:


That still depends, I’m open to a good discussion on what makes cryptocurrency go up and down


Bitcoin needs to get close to 2500$/btc to get enough momentum to attract buyers.


There was an survey, that the crypto market has 3 circles, so now is going to start the inovation stage. It means that in 2019/2020 the market will start to be bullish again


Market incentive might have already changed, but it’s going to take some time to breach the levels you’re hoping for.


So which cycle are we now in?


Hard to say. I think it has some time to get there.