07-15-2021, 05:03 AM
Bear (or bull) markets do not happen overnight
<!-- SC_OFF --><div class="md"><p>Bear markets are slow-burn events, littered with false rallies + rises - all designed to drain retail money on the way down. In 2018, BTC dropped from a ~$19.2k ATH to ~$6.8k over the course of 7 weeks. But it took 12-13 months for the drop to fully play out and BTC to hit $3.5k, despite several rallies to $9-10k:</p> <p><a href="https://s3.tradingview.com/snapshots/n/NJinCp8C.png">Data</a></p> <p><strong>Nobody can predict what will happen next, but whatever happens, it will certainly take time before the picture is clear.</strong></p> <p>Staring at 15m charts and frantically riding every trough, every peak is a sure-fire way to lose money to market movers/manipulators, FOMO in and out and take a hit to your mental health. </p> <p>15m charts, 1h charts, 3h charts - they all give the impression that time is of the essence and that you <em>must</em> act quickly. This is simply not the case. Zoom out. 1D/1W/1M charts are your friends.</p> <p>Take the <strong>time</strong> to consider your next moves, and most of all, take care of yourself. After all, you need to be alive and functional to enjoy your future crypto gains.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Zarkorix"> /u/Zarkorix </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ojyqob/bear_or_bull_markets_do_not_happen_overnight/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ojyqob/bear_or_bull_markets_do_not_happen_overnight/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Bear markets are slow-burn events, littered with false rallies + rises - all designed to drain retail money on the way down. In 2018, BTC dropped from a ~$19.2k ATH to ~$6.8k over the course of 7 weeks. But it took 12-13 months for the drop to fully play out and BTC to hit $3.5k, despite several rallies to $9-10k:</p> <p><a href="https://s3.tradingview.com/snapshots/n/NJinCp8C.png">Data</a></p> <p><strong>Nobody can predict what will happen next, but whatever happens, it will certainly take time before the picture is clear.</strong></p> <p>Staring at 15m charts and frantically riding every trough, every peak is a sure-fire way to lose money to market movers/manipulators, FOMO in and out and take a hit to your mental health. </p> <p>15m charts, 1h charts, 3h charts - they all give the impression that time is of the essence and that you <em>must</em> act quickly. This is simply not the case. Zoom out. 1D/1W/1M charts are your friends.</p> <p>Take the <strong>time</strong> to consider your next moves, and most of all, take care of yourself. After all, you need to be alive and functional to enjoy your future crypto gains.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Zarkorix"> /u/Zarkorix </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ojyqob/bear_or_bull_markets_do_not_happen_overnight/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ojyqob/bear_or_bull_markets_do_not_happen_overnight/">[comments]</a></span>Kind Regards R