Bear market or down cycle? Depends on how far you zoom out.
Every single thing that ever was and ever will be is part of a cycle. Stocks and crypto tokens included. Shorter cycles inside of larger cycles. It's so much easier to digest once you think about like that, right?
Crypto is currently in a down cycle. It may look like a bear market from the daily chart, but not if you're viewing it from a monthly or even weekly chart. That's why I prefer the term cycle over bull/bear. Here is a snapshot of Bitcoin's daily movement from late 2020 through today, 12/14/21.
Cycles of highs and lows.
This down cycles looks like it may be coming to an end soon (fingers crossed). Once confirmed, I'll enter a new position and ride the momentum through the next up cycle.
It really is that simple.
There are five indicators loaded onto this chart. Moving Averages, RSI, MACD, Stochastic and RSI Bands. They all provide valuable insight. If you want to have more confidence in your investments, learn how to understand what these indicators are telling you.
25% of (adult) Americans own bitcoin now. 50% of those people just bought bitcoin for the first time this year. Think about that.
Probably worth paying attention to. Don't ya think?
You are not in the world. The world is in you.
Unless you are there to touch and smell and see a flower, it is nothing more but random matter vibrating in a void. Your recognition gives it its beauty and its presence.
All hatred is self-hatred. And everything is feedback.