Before the actual bull market kicks off, I believe there will be some sideways trading.

in #steemit2 years ago

It feels like things are slowly shifting on the macro front, but I'm not sure if you can sense it or not.

We certainly get negative news every day, but the market has stopped falling as a result, which is a sign that a bottom has been established.

When unfavorable news stops causing prices to drop, prices begin to rise as the situation improves.

When something moves from terrible to just bad, that is frequently the perfect time to buy it.

We might be approaching one of those moments right now.

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Having said that, I personally do not see a significant bull market anytime soon, though I will concede that when the price exits current downtrend, we could witness a bounce similar to that we saw in 2011 and 2018.

I believe it will probably resemble 2014, with a brief period of sideways movement and tiny bounces and pullbacks as it progressively strengthens over time prior to the bull market fully beginning a year or so later.

What do you think of these?

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