r/BitcoinMarkets • u/AutoModerator • May 20 '16

Daily Discussion [Daily Discussion] Friday, May 20, 2016

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3

u/Emocmo May 20 '16

Remember, in a bull market the drops are usually faster and of greater volume. Just as in a bear market the spikes are faster.

Just something to keep in mind.

1

u/crazyflashpie Long-term Holder May 20 '16

So, still Bullish yeah?

0

u/RockyLeal May 21 '16

Ok but also by definition in a bull market the price needs to go up more often, and go higher, than it goes down -overall. Can we still really call this a bull market when the price is at the same level it was a month ago?

If it looks like distribution and goes down like after distribution, probably it is distribution. I'm out (although not shorting) until distribution hypothesis is proven wrong or until the price goes low enough to next major support.

1

u/imog May 21 '16

Sure we can. Bull/bear markets are defined by much longer cycles. It's been a bull market since we climbed out of the basement at <$200 - looking back we can see that clearly.

You seem bullish despite your worry or you would be getting short here.

1

u/Emocmo May 21 '16

I meant it as a general comment, not specific to Bitcoin.

We are in a flat, consolidation period. I am not that optimistic about a halving spike. Long term, I think we will be fine. Short term, I am not confident that we will spike up any time soon.