Today, I am not identifying the trend, setting the target or talking things like if this happens, that will happen...so on and so forth....This analysis is pointing to the emotion.
Though everything(BTC, BCH, ETH, LTC) I have in the account is suffering a drastic drop, I think we still should try to search for the lights of the crypto. because I don't think it gonna die, I don't think 2018 should look like this.
"Large H&S", "decline MACD RSI"...blah blah, yeah, we saw that, and we knew it is in the bear market. But if you go to some conferences, seminar or meetup about the crypto in your local, you will find the people's enthusiasm, absolutely believe, concrete developing plan of interesting use cases are still there, they even more care about them. It is not a simple mania like before. Crypto is not tulip.
Looking at the 1D-Graph, log-scale price, we see a beautiful uptrend and in the end, instead of a H&S pattern, we can see a large symmetric triangle, which is a typical continuation pattern.
If we look at things in a different way, we can find the different truth.
My major attitude for crypto in 2018 is still positive! don't let the bears scare you, the crypto definitely will not die like this. as you can see in the graph, maybe, the bears are dancing in a Big bull's mouth.
Though everything(BTC, BCH, ETH, LTC) I have in the account is suffering a drastic drop, I think we still should try to search for the lights of the crypto. because I don't think it gonna die, I don't think 2018 should look like this.
"Large H&S", "decline MACD RSI"...blah blah, yeah, we saw that, and we knew it is in the bear market. But if you go to some conferences, seminar or meetup about the crypto in your local, you will find the people's enthusiasm, absolutely believe, concrete developing plan of interesting use cases are still there, they even more care about them. It is not a simple mania like before. Crypto is not tulip.
Looking at the 1D-Graph, log-scale price, we see a beautiful uptrend and in the end, instead of a H&S pattern, we can see a large symmetric triangle, which is a typical continuation pattern.
If we look at things in a different way, we can find the different truth.
My major attitude for crypto in 2018 is still positive! don't let the bears scare you, the crypto definitely will not die like this. as you can see in the graph, maybe, the bears are dancing in a Big bull's mouth.