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Husnu Coban's avatar

Bear market bull market is chewing gum in people's mouths. Even when Bitcoin is 60k, the bear market is coming down 2%, bitcoin crashed. News was coming out. At first I was afraid of them, and now I know.

Some people's duty is to spread fear. Only fear inoculates people. He always sets the worst-case scenario. You shouldn't listen to these people. We have to learn for ourselves and do our own analysis.

Fibonacci is very important. Who is Fibonacci for the first time at the age of 10? What's the pattern he found? I was amazed when I found out. It's also a very important indicator when analyzing. He can't always show the truth, of course. But it gives you an important idea. And real math.

Thanks for the nice post.

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badumtisss's avatar

The language of article is very clear and entertaining to read. I like mathematical explanations, .618 Fib factor got me there. I hope that cycle won't happen this time, and we will see the ascending trend.

There is something noticeable: we always tend to categorize things, it's not just about Bitcoin. We always think that they will follow a pattern, and things will be defined accordingly, but we ignore the spontanous moves.

Definition of bear market depends on people. I wasn't active in crypto world during 2018, but I think bear comes out of fear, and they feed on fear. What I see last 3 months was nothing but fear of people. Moreover, the volume of market is great compared to 2018, maybe that's why the price couldn't be that volatile.

Thanks you for this nice article. : )

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