Thanks for the update - do you see that as an indicator for the bear market to be over?
Why I am asking - yes the btc move looks very promising but I don't see a high certainty that this means the bear market is over. It is easily possible that we turn at the 128 daily MA, the 30/50 MA weekly cross the 200 MA - those proofed to be strong resistance turning hopes into a bull trap several times.
I don't have a fixed opinion. I think it is a good sign and the timing is perfect. Those who wanted to buy below 5k are screwed now if the low is already in. Greed, missed the best chance, FOMO (hopefully).
I will tell you in my blog when the correction is likely over and when it is 100% over which the waves will give away, but that might take a few months if this pump continues.
Thanks for your comment.
I get your point about those missing their 5k target.
Did I get it correct - you think a real decision if bear market is over needs a couple of month?
Yes, because there are several ways that this move up could be part of a corrective move up. Those need to be invalidated before the real party starts.
If the bullish pressure continues from now on, that could mean October / November or Q1 2019 before the fun part starts once again.