While Bitcoin's price has been down lately, I have been watching the hourly chart and to me it seems like whales are buying in at these lows, or maybe its institutions.
Look at these single green candles, this is ether a whale, or institutional buys. Whether it is whales buying or institutions buying in you can bet that they are doing it for a reason. Have you all noticed a change in the tone from the Media? Have you all noticed that less and less FUD articles are coming out from the major Crypto information sources? I have been saying it for a while that the powers that be have been manipulating the price down so they could buy in cheap, but it seems like now the tone in the market has changed. It seems now that the most of the powers that be have bought in at this discount and maybe some still want the price lower and are willing to wait a bit longer even if it means they will miss out on the current discount. I have been Dollar Cost Averaging, buying in small increments as the price has been dipping and I am not a whale or investment genius, but I am doing what they do, you should consider it as well. These Whales and institutions no doubt have inside information and have experience reading the signs. With Bitcoin at these low prices all it will take is one event to start the Bull Run, and it might start off without any trigger. Here is a few things that might spark off the Bull Run. https://coingape.com/upcoming-crypto-events-2018/
Bitcoin ETF- This could be huge because it will add tons of money to the market. Think about it, this is not some guys buying Bitcoin and looking to sell it, these is investment teams putting together investment funds for wealthy investors. When these wealthy investors invest in things like this, it is to them as a 401k is to us, you invest the money and basically consider it forgotten money to buy check on years later. What this kind of thing does is it adds long term investment money to Crypto, this will help to stabilize the price so these drastic price swings will become less dramatic.
Concensus Crypto 2018 Event- "To be held on May 14, this 3-day Consensus 2018 crypto events involves big names from cryptocurrency industry and also includes regulatory authorities that will discuss blockchain and cryptocurrencies. Last year this event triggered the bullish trend of June". I remember June of last year and it was the beginning of the Bull Run that took us to a $20,000 Bitcoin.
In my opinion we may see a little more down trend but the lower we go the faster the Bull Run will move once it gets started. Here is how it works, the savy investors are looking for Rumors and technical indicators, when these people see the technical indicators align with a positive rumor or news they will start buying. Once the more savy investors buy in first, they will tell their friends and or their blog/VidBlog getting their followers in. These people will get in and start to see gains then post it to their Social Media and Cowokers. Then the Main Stream Media (TV/Magazines), talk about how fast Bitcoin is moving and BOOM! the FOMOing begins and we go to the Moon! Twitter and Reddit will be blabbing about Lambos again.
You have to consider that the powers that be do not want you all rich, if so who will borrow money from them and keep them rich? You have to be realistic, you can't just expect the prices to go to the moon and stay there forever. You must also understand that while it feels like it has been so long since the last Bull Run it was only about 14 weeks ago, that is not a long amount of time. in 2017 January Bitcoin was $967.00, 6 months later in June 2017 it had more than doubled to $2504.00 however in April of 2017 it had only gone up $300.00. So in the first 3 months Bitcoin only moved up $300 bucks, but in 6 months it more than doubled, and as we all know by December it went to the moon. Ladies and Gentlemen, it happened fast, but not over night. https://www.statista.com/statistics/326707/bitcoin-price-index/
I am not a financial Advisor and this is not financial advice, invest at your own risk.
