Has The Crypto Bubble Finished Deflating? When Bottom?
On today’s episode of The Cryptoverse I would like to share a methodology with you. The one question I (and I’m sure most of you) want an answer to is, when bottom?
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I checked the chart of the 2014 bear market and there the 'fair value' turned out to be the short period on a higher level:
If that is the case in this bear market too, the bottom could be 5800 and since we are on the 4th bounce around that level today this would be exactly the end of the bear market IF history repeat itself quite exactly.
I was thinking the same thing, drew this before seeing that chart. Might not pan out but I hope it does.
That would be a good news, its still testing the bottom and the 5.8k-6k resists, so you might be right
Good point.
Nice approach, but what makes you think, the fair value is the bottom? Typically a good buy in the stock market, is when the market value is far below the fair value, and this happens a lot...
Excellent point. The further an asset goes into undervalued, the more demand increases.
I don't have much concern about the bottom of any markets these days because I'm in it long term. I'm use to volatility by owning silver and gold before crypto. I'm still sitting on some one ounce silver rounds that I paid $38 for years ago. Silver is currently at $15.08. I'm not mad! I don't look at the prices, I look at it as insurance against a failing economy. Thanks very much for the video. Great info!!!
Love the attitude.
Amazing to see it drew like you did. This gives me some optimism.
Thanks for the support.
I like this method but it could still go down lower than the fundamental value, I've seen that happen before. I used to feel scared when my investment wasn't doing well but now I see this as a good time to get in cheap. I'm not buying yet, just collecting all the available free crypto that I can. Wish I knew about airdrops when I started. I'm using the Electroneum app, LoMoStar (currently under maintenance) and AirCoins. None of them will make me much now but if there's another bull run, it should pay off. The time when I'll think about using more fiat is after a big capitulation or a long period of sideways movement without a lower low. Doesn't look like its there yet but hopefully soon.
Another good attitude :)
Great visual concept on value that is easily replicated across the space. I think it demonstrates a great risk/reward tool to determine entry points based on views of values. My only concern is that market movements tend to overextend to the downside as well. It seems we will be in for a ride in the coming months.
Yeah I know what you mean :)
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
Hi is we close to bottom or we going to more bleed in upcoming weeks?