Bitcoin / TetherUS
Long

Is it bear market yet?

4 785
With the orchestrated premeditated ongoing FUD in the market, one needs to check the probability of plunging in a bear market.

My thoughts are that BTC weekly close needs to be below 3333 level which is the weekly 50W EMA for the bear market to get triggered. And yes if we close below it, then this would trigger the tsunami of a bear market. Whether the bulls will surrender to the bears or not, time will tell.

My thoughts in this chaos is this:
1) if you’re holding coins that are solid fundamentally, the hell with the FUD.
2) if you’re holding small caps, welcome to real shakedowns.
3) if you’re holding shitcoins, welcome to hell.

That said, I’m HODLing with a burning heart.

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