-Both Force 13 and Force 39 show Bullish Divergence. Possibly Bitcoin could turn up soon.
-Market has been quiet lately, bigger move bound to happen soon
-Slightly Bullish divergence visible in the price
Benjamin Graham tells us to sell to the bulls in an overly optimistic market, and to buy from bears in an unjustly pessimistic market. Quite Frankly a New Years Crash after a year of developments and major adoption in Bitcoin despite its volatility and declining price would be unjustly pessimistic. Although Bitcoin could decline further, it will be short term if does happen. We will have to wait to see how many bearish indicators the Bitcoin trading community can draw before speculation drives the price down possibly further, or if investors looking to scoop up cheap Bitcoin's will drive the price back up again.
-Market has been quiet lately, bigger move bound to happen soon
-Slightly Bullish divergence visible in the price
Benjamin Graham tells us to sell to the bulls in an overly optimistic market, and to buy from bears in an unjustly pessimistic market. Quite Frankly a New Years Crash after a year of developments and major adoption in Bitcoin despite its volatility and declining price would be unjustly pessimistic. Although Bitcoin could decline further, it will be short term if does happen. We will have to wait to see how many bearish indicators the Bitcoin trading community can draw before speculation drives the price down possibly further, or if investors looking to scoop up cheap Bitcoin's will drive the price back up again.
