After a long boring choppy market the price is moving, and this may be the time to hop in, we get a discount on the price.
You may also want to wait for the price to bottom.
We can buy a bit as the price goes does, then a bit more as it bottoms, then a bit more as it goes up, then a bit more on the next pullback...
I can't tell if it bottoms or bounces directly, my best guess would be after this long up and down the weak hands got scared and some of the gamblers lost interest (not going fast enough) so they'll be more selling at the bottom holding the price back + not as many bottom chasers ==> Will have to wait for the last weak hands to sell at the bottom before the price rallies.
The price would have to go below 30k to start considering a potential bear market. These countertrend bears are really ridiculous.
You may also want to wait for the price to bottom.
We can buy a bit as the price goes does, then a bit more as it bottoms, then a bit more as it goes up, then a bit more on the next pullback...
I can't tell if it bottoms or bounces directly, my best guess would be after this long up and down the weak hands got scared and some of the gamblers lost interest (not going fast enough) so they'll be more selling at the bottom holding the price back + not as many bottom chasers ==> Will have to wait for the last weak hands to sell at the bottom before the price rallies.
The price would have to go below 30k to start considering a potential bear market. These countertrend bears are really ridiculous.
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I know it bounced on that entry precisely but I won't hold that, for the longer term, far away target I'm entering at 42-43k (usd).