The crypto markets are growing - Bitcoin is up 25% from $3,200 in December trading to
around $4,000 right now.
Ethereum has almost doubled.
Is the crypto winter finally at an end?
Is it too early to call it a bull run?
We talked to Naeem Aslam, chief market analyst at ThinkMarkets, and Timothy Enneking,
Managing Director at digital asset fund.
If you look at the fundamentals we have more positive news coming out of the crypto industry.
I think the fact that Bitcoin is about to have this fast positive month. A lot of traders
are just completely focused on that, because if that happened... and then for the first
times for then the last four or five months, if that happened I think that would be another
very, very positive message.
And I want the price to stay above 4,000 to 4,200 by the end of this month.
And I don't think that there is any problem with that.
I don't see it as being the bull market now.
BTC is no longer such a good proxy for crypto.
And that the spike down actually happened, but it was ETH that did that, not BTC.
So if we accept ETH as a proxy, maybe we've seen that spike down.
I am not sure.
Personally, I'm not convinced that what we're looking at now, at 3,900 today it bounce really
hard all for 4,000.
We still very much in a consolidation period, because I want the price to go above 6,000
in order for me to really confirm the fact that bull market is here.
But again the signs are here, because, you know, we haven't seen a lower low for the
Bitcoin price.
Ethereum didn't drop below $100, and
then this is what I published in my recent article on Forbes, that the price hasn't dropped
below $100, that also provided a lot of support for the crypto enthusiasts, for the hodlers
to come back into the market and then start pumping it back up.
It's not clear to me that the bear market is over, but this movement has not really
shown anything one way or the other.
It's more based on, it's much more due to the, again, intracrypto events,
where people are trying to figure out what should the price of BTC be.
What has to happen for this to be a real bull market in BTC - is BTC is gonna break through
4,200 on the upside, it 4,236 in December.
If you look at the volume, in terms of a price action, any downward move wasn't really supported
in terms of the volume.
We're seeing a higher volume on any upward move rather than any higher volume on the downward move.
JPM coin is the first among all the top Wall Street banks, because we still have Goldman
Sachs, we still have Citibank, we still have Bank of America Merrill Lynch and various
other banks sitting on the, you know, working on this technology.
So the moment we start having at this news that other banks are also initiating this
idea, this would be a positive development for the industry.
So if you are speaking with a investor who is an active investor, I think then the room
to the upside is limited, because we need to break above 4,200 to 4,300.
So we don't have too much of a room on the top side, so the opportunity to get in was
near enough 3,300 to 3,400.
But if you are speaking with an investor who has a long term horizon and then they wanted
to just buy and put it in the portfolio.
Then absolutely.
Because, you know, it is extremely difficult to pick the absolute bottom.
When we look at the long term curve we are still very much to the lower side of that
curve and then this is a great opportunity, a great entry point.
If you wrote it down from 20,000 it's definitely not the time to cash out now, okay.
But in terms of getting in it's actually not a bad time to get in.
If you want to just buy and hold - that's one way of doing it, this is not a terrible time,
but it would make more sense from my perspective to invest in an active manager
and do it now, because if we're not at the bottom, we're still near the bottom.
Now is a good time to come in, an active manager will be able to time it much better in terms
of where the bottom is and so that would make sense.
What if someone is not, if someone got out at the peak or is looking at going into crypto,
I think that would be a very good time, I guess.
One of the things that's going on in this crypto winter, as people taking to calling it,
is there still a lot of substant developments that are going on.
There a lot of the weak, the weaker projects and weaker companies are falling out.
So what you're left with are stronger companies in a really good position to take advantage
of the upswing.
And I think it's about time, that we should start see these kind of moves come again,
because I think investors just tired of sitting on the sidelines and then without loss of numbers,
huge amount of new good projects in the industry, where investors really kind
of wanted to get into.
For more infomation >> How long will this warming trend last? 2-20-2019 - Duration: 4:12. 
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