I think there is no doubt that the majority of altcoins have been in a bear market (the last months).

I have seen too many bear markets before and in hindsight, the past times it would have been good to cut losses or stop on break evens and wait until the curves start to flatten.

Bear markets need time to resolve -> the trend is your friend.


This current situation is very different though:
The past bull markets were majority retail hype driven. Dreams of mass adoption fueled the charts. However, politics always kept fighting cryptocurrencies. Some to a lesser extent than others. Adoption never happened in any meaningful way. Overall, the war on crypto continued until a couple of weeks ago. And it is clear that tides are shifting slowly.

Institutions already started to buy Bitcoin and we are at the very beginning of institutional altcoin adption. Retail has loaded up already and is now again selling in fear, PTSD driven from the last 10 years.

I think the cycles have changed, they are longer and volatility will keep decreasing.

At current levels, I am rather in (conviction) plays than out of the market. Fundamentals are worth to hold at current levels. Pure gambles are going to continue to rug, be very careful and pay extra attention when stuff gets fishy in your favourite project. Usually, this does not end well.

No financial advice.

🇺🇸✅ The U.S. Senate Banking Committee approved a bill to regulate issuers of stablecoins, passing it by an 18 to 6 vote.

These are metrics you should look at in bear markets. Watch out for teams that abandon their projects.

$SPX futures falling wedge. (at least short-term) reversal highly likely here.

Crazy how 10 % after 90% down feels like we pumped 500X

If BTC doesn't make new lower lows, I think alts look pretty bottomed out.

Changes of course if we dump much lower on BTC

This aged well so far

$OTHERS trying to reclaim this important box

I think for the first time in weeks, there is more hope than just hopium here.

Need to reclaim and close >85.5k on the daily and we should see more upside

JUST IN: 🇵🇰 Pakistan to legalize cryptocurrency.

📰 Full Story

@WatcherGuru

You will see these news more and more often

I still have trust issues with the recent move. However, we reclaimed the 200D MA. Let‘s see if we can hold above the next days.