@Sykodelic_ When even a perma bull like sykodelic considers more downside we're no longer far from the bottom. I still expect a lower low than 60k though.
@stackhodler For me a counter trend rally to the 50 week with a rejection and continuation of the bear trend would make most sense. But definitely agree that one should be way more bullish today than Q4 last year.
Wow I was anticipating a bear market mid November when we lost the 50sma, but I'm a bit surprised by the speed of it. I'd expect some sort of countertrend rally now, but I'm pretty sure we only see the true bottom in the second half of the year.
@stackhodler 100%. The objective reality is often distorted by traditional and social media, as well as by unverified opinions of people around you. A prime example is people around me believing that Paris, Barcelona or Stockholm are safer than Warsaw or San Salvador.
@stackhodler Great post. It's also a case of "trade the market you're given, not the market you want." And if you don't trade and hold a certain portion of BTC for the long-term, even a dip below the previous cycle ATH shouldn't phase you.