Nine days ago I wrote a post describing how things were going one month into the bull market

In that post I justified my "bull market" assertion (find it here if you would like to read it now). I did that by showing how the "leading coins" (a term I coined {pun fully intended} and explained in the post) were already behaving bullishly as of 12 September 2018; a date which I called the bottom of the market.

Today I am doing a follow up post. We will revisit all of those coins I mentioned in the previous post to see how they have done. If I was right, then they should have picked up nicely since 12 September. Once again, this list is by no means comprehensive. I chose a few coins which I thought had already turned bullish and would continue to do well going forward. There must be many other examples which I missed, as well as additional coins which have turned bullish since I wrote that post.

If I was wrong then those coins should reflect little to no upwards price movement, or even worse, reflect downwards price movement.

From this post

The Unbearable (but quite bullable) Crypto Market

To analyse the performance of the coins, I took their prices at the bottom (my 12 September date) and compared them to their prices at the time of writing this post. I worked out the percentage increase (or decrease) of each from the 12 September price to now. Percentages are approximate (they vary depending on the exact times and precision used), but are probably not more than 5% out at worst.

I said this in my post nine days ago:

The fact is this (and a fact it is, there is no disputing it): some coins bottomed out a month ago and are now climbing slowly and and at a gradually accelerating pace. The logical (if somewhat early) conclusion is that they will continue to pick up momentum and that other coins will join them.

Let's see if I was talking rubbish, or if Bit Brain knows his stuff like he says he does:

Ticker	Percentage Change
AE	+54%
ARCT	+62%
BAT	+104%
CV	+134%
CVC	+30%
DNT	+33%
ELA	+20%
ETN	+276%
ETP	+2%
EVX	+49%
GNT	+36%
MKR	+127%
NPXS	+20%
PIVX	+59%
POWR	+38%
POLY	+87.5%
PRL	+239%
REQ	+100%
SHL	+250%
TKY	+50%
TRX	+35%
UTK	+42%
WISH	-19%
XVG	+25%
ZRX	+91%
************	*************

Thanks MyWish (WISH) for ruining an otherwise perfect record! Oh well, I guess I need such reality checks to keep my ego in check.

Seriously though, look at those figures. these are not isolated incidents people! These are good coins (many of which I am invested in). They are moving upwards! Sure, they started in a dip so they got a head start, but that doesn't take away from the fact that they have gained good value since then. It adds weight to my argument for calling September 12 the turning point for the crypto market. WISH did not perform as I predicted (-19%), and ETP did not either (+2%). But all my other predictions gained a minimum of 20% since then. I made 25 prediction in all, giving me a 92% prediction accuracy rate so far - fell free to find yourself other crypto "experts" capable of that 😉. Yes, I'm doing the obnoxious bragging thing again, feel free to dislike me for it if it makes you feel any better. Alternatively feel free to admire my magnificent crypto prowess! Yeah, I probably need to see a psychologist, but until the crypto market picks up properly, that's beyond the limits of my budget! 😂

Enough about the self-absorbed narcissist; moving on: I'm not really trying to make a new or different point here, I'm just pressing home the point that I made previously: the bull market is here! You can add this post to the "evidence" I spoke of in the previous post. these percentages were measured between now and a time 40 days ago. This shows us two things:

1. Growth has been good since 12 September (i.e bullish).
2. Growth has been sustained over a significant period of time (none of the coins just shot up in price and then coasted downwards again).

It is very important that people start to realise this. As Tom Lee remarked a few days ago, it's as if everyone is too scared to make the first move and they are still waiting for a bottom. Well my message to you is that we already hit that bottom, on 12 September, and waiting for another one is a little ridiculous. The very worst part about this is if people (and institutions) do wait forever in a global game of "I'm too chicken to make the first move", eventually they will cause a price drop. This will not be the "capitulation" the bears like to speak of (my NEO dropped from over $195 to $15 and they still don't see the "capitulation" wood for trees!... 😆 ), but rather just "stupidity". Let us not be stupid crypto fans, let us educate and advise those who need it. Send them to @bitbrain and let me see if I can help them!

Yours in bullish crypto,
Bit Brain

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Published on

by Bit Brain

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