heres some $BTC bear market stats that will make your stomach churn if you are long. Everytime the 50ma weekly chart broke (already did). These stats occured.
1. The avg bear market lasted 395 days top to bottom (we are day 243)
2. the average pullback was 83% (we are now -50%)
3. Monthly Chart APEX indictator on avg stayed over sold 265 days (we are on day 60)
4. Every bear market pulled back 78.6% fib or lower
5. The average 83% pullback would be 23k $BTC price
6. Given estimated 395 day average bear we will keep dropping into Q4
Based on these stats, We are no where near a typical bear market bottom. Given Stocks have gone on one of the craziest parabolic runs ever and the entire system is over leveraged. Buffet has built his biggest cash position in history. Consumer credit and car loans deliquinicies are at all time highs. Majority of the labor force is low skill jobs just itching to be replaced by AI...
What could possibly go wrong? LOL...
But guess what? This is gods greatest gift to traders who are prepared. This is where generational wealth is created. But what did you do? Did you fomo long on leverage at the top? have you already lost most your money? Probably... Its not your fault, most of you have no fucking clue whats going on... I got blind sided by the 2008 financial crash.. So i learned. And never got blind sided again, and still dominated the market bottom in 2009...
Be safe out there, A small group will turn everyones pain into the greatest wealth transfer of all.. You get to decided wich side you want to be on.
@RupertLowe10 Death penalty is not a deterrent nor a saving to the state and frankly if anything itβs a favour to the criminals. And sometimes they get the wrong person too. I donβt see the point