NASDAQ got over it quicker. BTC will do it in a much loner time. You can see it in BTC 2015 and NASDAQ fractals that capitulation helped for long term growth.
RealMcafee
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@hkh222, we had capitulation in Feb, now we will have long boring period. days like this will be few and far between, but I guess price can fluctuate in a 1000 usd zone for a year with few highs. eventually people will get board. traders will no tbe able to make a living from btc. that is when btc will start to recover imo. trade vol must be strangled
cI8DH
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@barclayjames, I can bet that BTC will not get bound between 6k and 7k not even for 2 months. If we had capitulation in Feb, we wouldn't have revisited this area for the 3rd time. Vol profile shows that June PoC is much lower Feb. That shows capitulation did not occur in Feb, or at least it was not enough.
RealMcafee
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@hkh222, trading vol needs to go down that's all that matters, this is associated with any "capitulation" imo but the long-boring period
cI8DH
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@barclayjames, For BTC to end bear market, it doesn't need time. It needs high vol capitulation down to 3k. Then it will moon.
RealMcafee
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@hkh222, i disagree.
cI8DH
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@barclayjames, it doesn't mean that my wish will come true. We are not at 2014 now. Bitmex and Bfx won't let the 2014-5 happen again.
RealMcafee
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@hkh222, but it took over 2 years for ndx to reach bottom. i think we start uptrend before that
cI8DH
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@barclayjames, well Crypto is 24/7 so considering time, it should go much faster.
RealMcafee
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@hkh222, I think in terms of fractals, we are at the bottom of the nasdaq bubble in less than 7 months...