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Fear is in the market - everything is dropping!

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@unbiasedwriter
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We have had a red weekend and it is just continuing today. This time it isn't only the small currencies that are falling in value, but Bitcoin, Ethereum, Avalanche, Solana, and all the other giants are falling as well. This is quite extreme.

But, I have actually seen something quite interesting. If you have read many of my points, you probably know that I have been writing a lot about all the different rebase tokens. They have often dropped a lot in value, but looking at the charts today, it is quite interesting to see what TIME, OHM, and HEC are outperforming both Ethereum and Bitcoin. WOnderland (TIME) is actually in a positive number in the last 24 hours while OlympusDAO and HectorFinance is approximately at 0%, way better than Ethereum and Bitcoin which are down by more than 5% or more.

What can we make from these numbers? Not a lot. But, it is for sure interesting to see what is going on, and I am really curious about what the coming days and weeks will bring.

Are we in a bearmarket? Source: Pixabay

Waiting for an uptrend...

I saw a tweet yesterday that was really interesting. It said that we shouldn't buy the dip, but that we should buy the uptrend. That actually sounds wise. Because, if we look at tokens such as STRONG, STRNGR, AVAX, SOL, and all the others, then the downtrend has been going on for quite a while already, and if you buy it all the way down, you will for sure end up in plus one day or another. But, if you decide to look for the reversal (uptrend) instead, you might end up buying way earlier than what you really should (and need).

I am not an expert at this myself, but I do like the sound of what I just read about on Twitter.

When will the uptrend start? I have no clue myself and I am not much of a technical analyst when it comes to crypto charts, but it would be cool to have it around. However, bearish times often last way longer than the bullish times, so maybe we are in for a longer bearish time now before we once again will enjoy some bullish days, weeks, and months!

What are your thoughts?