I am one of those who thinks that BTC bottomed, but this article could be right that a deeper dive may happen anytime.
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I am one of those who thinks that BTC bottomed, but this article could be right that a deeper dive may happen anytime.
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Let me go read :) Haven't really checked the charts for days now.
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Someone wrote that the current bear market is different compared to the previous ones.
It seems so. Especially that it's not only bear in crypto but also in the world's financial markets.
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Timing markets is tough. You are right. There could be a lot more downside.
It is impossible to know. That is why trading is so hard. It can be profitable for those who time things correctly. But it is a monumental task to do consistently.
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And also emotionally draining. I've been there. 😆
I tend to think that there are lower levels, but they might not come right away. If anything, they will want to trap retail or the bulls first.
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As long as that 61.8% Fibo holds, I still think that what's going on is a typical character of a Wave 1 where any indication of a short-term rally is considered an opportunity to sell for almost everyone is convinced that the overall trend is down.