Topic: New Bull Run? Market Cap rises +3,4% daily (+8,5B/Day) for 12 consecutive days!! - page 3. (Read 493 times)
April 19, 2018, 01:17:15 PM
Well well ..that's an interesting stat. I hope it starts of a bull run before a major bull run which I expect to see before the end of this year. Let's see how the weekend turns out
April 19, 2018, 10:55:21 AM
We had 2 major dips after the market crushed from all time high prices. One at 7 January (425B) and another at 6 February (276B). Those two dips were normal corrections in my opinion from the ATH frenzy. Those 2 dips were followed by decent rises in market cap again until the market psychology went really bad and we entered the real long dreaded bear run.
The really long bear run in my opinion started at 18 February :
https://i.imgur.com/sUOOlbY.jpg
We can see it lasted 47 days. Way longer than the previous two dips and there is no in between rise in market cap. Its was constantly down treading.
I say "lasted" because the market cap has risen Consistently the past 12 days for the first time since the ATH crush of January:
https://i.imgur.com/ZjLPHEG.jpg
From 248 Billion at 7 April all the way to 351 Billion today (19 April). A total of +103 Billion within 12 days. 8,5 Billion each day (+3,4% up per day)!
If this rate continuous we can be confident we will break the highest point at the start of the bear run that was 518 billion (18 February) within 19 days
That will be in my opinion the proof that we have finally entered a huge Bull Run period that will last months since market psychology will change to positive again.
That event will trigger a new cycle of fear of missing out the new market bull run to new and old investors. On top of that the media will start again praising crypto and after we break ATH prices new masses of people will enter the space fueling the biggest bull run ever seen!
The really long bear run in my opinion started at 18 February :
https://i.imgur.com/sUOOlbY.jpg
We can see it lasted 47 days. Way longer than the previous two dips and there is no in between rise in market cap. Its was constantly down treading.
I say "lasted" because the market cap has risen Consistently the past 12 days for the first time since the ATH crush of January:
https://i.imgur.com/ZjLPHEG.jpg
From 248 Billion at 7 April all the way to 351 Billion today (19 April). A total of +103 Billion within 12 days. 8,5 Billion each day (+3,4% up per day)!
If this rate continuous we can be confident we will break the highest point at the start of the bear run that was 518 billion (18 February) within 19 days
That will be in my opinion the proof that we have finally entered a huge Bull Run period that will last months since market psychology will change to positive again.
That event will trigger a new cycle of fear of missing out the new market bull run to new and old investors. On top of that the media will start again praising crypto and after we break ATH prices new masses of people will enter the space fueling the biggest bull run ever seen!
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