@dharmeshchavda
š» Welcome to bear market! š»
$BTC simultaneously lost:
- ascending support
- $100k psychological level
- yearly rolling VWAP
This is more than enough to declare bear market!
Now let's rewind some key aspects of bear markets:
āļø low liquidity
āļø more sharp and random moves
āļø bottom formations
āļø bullish patterns often fail
āļø convergences often fail
Is it possible to trade in profit during this market? Absolutely! Moreover, bear markets provide best prices for long-term investments!
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