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RE: Next Crypto Bull Run Will Exceed Your Wildest Expectations
There's a good chance that it will go lower first. These big investors will want to get in at the cheapest price. Bear markets last longer than most people expect and I fear there's too many people saying the bottom is already in. I'm not selling but I'll keep some fiat ready for a possible bargain basement.
As you said below, I think it's because of TA (descending wedge) that I think it's going to burst upward. So in my eyes, you have TA + FA pointing to an increase in price, not a decrease.
I know big investors want the cheapest deal, but unless they can create some insane FUD, it ain't going to drop below the $5800-6000 range. It's touched that base 8 times now.
I would agree but there's been so much good news to spark the bull run and it hasn't happened. It looks more like a descending triangle than a wedge to me and they break down more than up. Buying here might be a good idea but I'm not going all in yet.
I think everyone is paying attention to the wedge. Even big institutions and they are being patient. they want the best price, and I think its going to have maybe one or two more cycles of bouncing around before it explodes.
Notice how as it moves these past two times, it's almost like a quasi-stable coin...kinda sorta flat. People are being very careful before making big moves.
