Home Community Trade Signal Discussion Bulls or Bears? Reply To: Bulls or Bears?

#6222
Justin Justin
Moderator

Yeah, what a crazy ride it has been. The crypto markets sure know how to put on a show.

As usual, both the news and technical indicators have been all over the place. We have predictions of Bitcoin going to a million and predictions of it going to zero.

Here’s a good technical analysis summary, but it concludes things should either drop below $9K or head up over $10K, which isn’t super helpful: https://www.coindesk.com/key-indicator-turns-bullish-as-bitcoin-struggles-to-break-above-10k

Personally, I’m watching the new Beta BTC signal and would like to see the Market Index move convincingly above zero. In 2018, the Market Index bumped off of the zero line a bit as the markets stagnated.

I’m curious what others think as well. We have some folks on here who notice pretty solid patterns.

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