While the statement is not inherently wrong it signals that the bear market is nearing its bottom.
Crypto outlook does not change much from week to week, lately. As noted previously, I assume the price is forming a falling wedge or ending diagonal in wave (c) of ii (circle). Ethereum made new low while BTC wavered at the same level.
And while BTC and ETH do no appear to be tradable at the moment (I would rather be looking for entry once the structure is complete) Dogecoin count suddenly started making sense indicating that the long-term bottom might be near.
I will be watching it closely in the next few days.
It is not the intention of this report to give out buy or sell signals or any trading advice. This material represents my view on the markets and shall not be regarded as an invitation to open trading positions. The report and any materials on this site avoid discussion on politics and exist solely to provide an interpretation of what is happening in the financial markets.