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CardiffDaffs Posted on 11/10/2018 12:27 Cryptocurrency Markets | |
| Taking another hammering in last 24 hours I see. We also have a bear market in place on the stock markets around the world as well - prefer these prolonged slides to a crash. Link: Markets Slide | |
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Jostler Posted on 11/10/2018 12:59 Edited On: 11/10/2018 13:01 Cryptocurrency Markets | |
| Not sure, it can be classed as a bear market yet, I think it has to fall 20% from previous bull run peak to be classed as such, but something is afoot. Certainly going to be building up the cash reserves over the coming months. Will continue to buy equities, but will be saving cash for a potential bottom out. It's certainly a little rough out there at the moment. I'd probably change the title to Markets Selling Off, as it's right across the board | |
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Abel_Tasman Posted on 11/10/2018 14:14 Cryptocurrency Markets | |
| Yes there’s lack of confidence globally and cash is king at the moment as investors sell off. May not be a bear market yet but the trends are it might be. Dow Jones down 3% today. It’s been to hot for a while now so not unexpected. | |
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JLinardi Posted on 11/10/2018 16:18 Cryptocurrency Markets | |
| Bitcoin has just dropped back to its recent support levels, look at the chart pattern it’s squeezing up and about to make a big move probably by November/December. | |
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Abel_Tasman Posted on 11/10/2018 16:58 Cryptocurrency Markets | |
| More hope there than expectation? | |
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CardiffDaffs Posted on 11/10/2018 17:06 Cryptocurrency Markets | |
| Linardi Squeezing up? The price of bitcoin is now lower than when it crashed in February and its hardly done anything since then. Indeed the forecasts I read are that it will fall to US$ 6k and the stock market falls won’t help it either. | |
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JLinardi Posted on 11/10/2018 22:59 Cryptocurrency Markets | |
| I know I never said it would 'go up' just that the chart is prime for a big move. and squeezing up means the tops are getting lower and lower but the bottom stays the same. Its called wedging and thats exactly what its doing. | |
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