Based from the graph presentation, our mind will surely say "yes this is the time to buy and hold". This is the hard part because everything is based on speculation and prediction. Everyone is hoping that history repeat itself but what if, it happens to be opposite,? Are we ready with it?
Well, it is a natural thing to psychology feel that the bottom has been reached, at least until it gets broken anyway. For now we have seen the $6k region holding up for a while now, and how that ends up going for the market in the long run or before the end of the year is something we will have to wait for time to tell us.
There is hope and great optimism for the Q4 anyway considering that most Q4s have always been with an uptrend, but when it comes to market, I tend not to want to put so much mind in something, most especially when so many people are putting so much mind and hope in it until I see it happen.
