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Bottom formation behavior is very clear
The market gives a feeling that liquidity is non-existent... everyone is now putting scenarios for bottom formation
The bottom is in October, not in November.. 40k no, I think it's 20k
The market also reinforces this feeling of slow death... coins don't move, they rise a little then return
A complete phase of capitulation from those who were talking yesterday about the necessity of investing and the bull market, now they are talking about the bear market
What bear market, man... coins have been in a downtrend for more than two years, and you just woke up now... coins for two years have been behaving 100 times worse than any previous bear market
If you ask someone should we sell our coins as long as the market is dropping to 40k, he will answer don't sell at a loss... but if you think a little, you will know that the drop to 40k will take the entire market to zero... when Bitcoin drops 2%, coins drop heavily, so what if it drops 50%?
You are facing a confused person who understands nothing, under the influence of heavy losses... four full years of investing and buying tops, and after too late, he finally woke up to talk to you about a bear market whose bottom is still far away, and you must be patient and not buy now
This is not an analyst, this is a mental patient exhausted by the market and destroyed his brain cells, so he can no longer think
And the truth is that the market is never far from its bottom formation area... and if you are a sane person capable of thinking, the current time should be exploited for buying, and only buying, and if you are worried that there is a new bottom, be assured that it will not be far from 59k at most (58-57), and even that is doubtful
You will feel the real failure when all this collapse happens and you did not exploit it and did not strengthen your collapsed coins; this is the real failure indeed, but the feeling of it will come in the bull market, not now
1$XAUUSD $BTC