Goodbye Bears?
So are we or aren't we out of the Bear market. For the last few weeks it seems we slowly moving out of the bear influence, an over 25% increase in the Bitcoin price and the market cap consistently over 1 Trillion dollars seems to point to Crypto breaking out, which would be great.
But it could be that the bears have just been hybernating and are coming on the prowl again. I know many people, who gamble their money on the ups and downs of crypto are going to make some good money. Alas, there are also some who are going to lose a lot.
The secret in this is of course buying low and selling high, the hard part is knowing what are the lowest and highest points. If you are in this for a fast buck, I guess looking at charts can help, if the chart is really down, buy, and then sell as soon as you havwe a reasonable profit. Waiting for it to go higher and higher, while possible, just maximizes the risk of hiting a glitch and losing instead of winning.
I believe this is sound advice, but my track record is not good, so don't follow what I say believing I am right, at least read other more technical sources. I frankly think the bears might make a come back but just fleetingly, this thing is going up.
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