I’m trying to figure out where the market is currently standing. Many people say we’re in a bear market and we’re going to 30K again, others say we’re in a extended cycle this time. We’ve been ranging for months now and I'm slowly losing confidence.
I know it is better to hold and forget, yet I still want to understand what is happening this cycle. The markets follow nothing and nobody has any idea what is going on.
Anyone feeling the same or are you just holding and don’t care what happens?
Posted by theridingghost
13 Comments
We’re in Armageddon
Look at the market cycle charts. We are in the “anxiety” phase of it imo.
Im thinking $18k
You tell me man
If bear, buy the dip … then buy some more … DCA all the way down until it becomes a bull market
When in doubt, zoom out
Yes we are in a bear market
We’re not in a bear market, it’s more of a consolidation after a massive run. People calling for $30k are mostly noise from people who missed the move up and are hoping for a second chance. Could it happen? Sure. But there’s no structural reason to expect it unless macro breaks hard or something fundamentally changes.
I think the Tesla chart is a good way to view Bitcoin.
I would advise this, do you own research and come up with your own conclusions. If you don’t know yet how to research, learn to do so. It’s fine asking for people for their opinions, it’s not when you solely rely on them. Good luck.
I guess we are in bear market; cycle high was prices in early and in general lower than we all wanted.
I think so, we’re currently rising to 100k before falling again. I’m already preparing with cash to buy BTC and maybe some altcoins.
Bear market?? We are above 90k in a bull cycle topping pattern wave 4/5 action.🤣
Buy every day/week and dont sell for 5-10 years
The dip presents as if it’s on sale.
It’s a gift