We previously noted that it appeared that the bottom was in place on Bitcoin, however that forecast was pre-mature. After months of trading sideways the rally in Cryptos has failed to materialize but we remain hopeful that we are nearing the end of the Crypto Bear Market. We are EXTREMELY oversold and the flush lower was panic sellers rushing for the exit at once. Its too early to recommend a buy sign but there is optimism in the fact that most of the technical chart damage is done and the core Crypto holders are buy & hold die hard believers. Once more financial and currency instability starts to appear in the global economy in 2019, we should see more buyers step into the Crypto sphere in greater numbers than seen previously.
