/biz/ - Business & Finance

Notice how butt hurt everyone gets when you tell them the truth. This bear market is likely to extend all the way through spring of next year in an accumulation range. I’d say by April or May we will start to see steady increase in price for the coins that still exist, but it’s not going to be the start of another bubble, it will be the start of the next bull market though. That doesn’t mean Monero is going to 3X in May, I’m just saying we will start to see steady, conservative growth.

Bitcoin should be around 6k by late fall of 2019 but it’s going to be very difficult to break that resistance level. It is by far the range with the most historical volume. We should see a bottom of this bear market within the next 8 weeks with BTC below 3k. All things considered this is a short term bearish outlook but quite bullish long term. Especially when you consider spring of next year is only 4 or 5 months away.

The sentiment is growing increasingly negative and people are so defensive of their hopium. I’m sure a lot of folks will read my analysis here and respond saying something along the lines of “you don’t know shit”. Most people only want to hear what reinforces their bias. If you go against their bias, they take it as a personal attack and lash out. We are getting close to the bottom with capitulation within the next 8 weeks. At first I didn’t think the hopium could be shaken out of this market with all the permabulls holding onto their BTC they bought at 17k using a credit card, but I am finally seeing those permabulls tucking their tails slightly. Soon enough we will finally get this show on the road.

5/?

>>11887985

It's not coming back up...
is it?

[90,87,0xff, 98]
3 bit offset. pic related.