Did You Just Miss The Bear?
If you’re going to jump into this post expecting serious technical analysis, you’re going to be disappointed. Best this dude can do right now is talk. So if you’re in for some of that, let’s go.
The recent upward momentum in the market is bringing back an emotion we haven’t seen in a very long time- hope. You could even add optimism and a bit of FOMO to it.
We’ve been stuck in this hell of a bear for close to a year and every small upward momentum that builds has collapsed back again because we couldn't overpower the bears. So to say this new rally-up inspires hope completely would be a blatant lie.
Truth is, we’re all optimistic, but still carry with us, a bit of expectation of disappointment just in case this turns out a lie like we’ve seen many times the past year.
We hope to see a recovery in the market, but everyone that knows their shit knows not to get too excited because this market is an expert at playing emotions. Lol it’s safe to say that is what it does. Using emotions to FOMO you in or FUD you out of positions that could hurt your portfolio or benefit you in the case of the latter.
State Of market Affairs Recently…
The market looks green the past 7 days. Even the past month wasn’t that bad for a bear if you ask me.
We seem to have taken support at 16.4k for BTC and since that low have tried to break resistance at 16.9k several times, which mostly proved futile until somewhere around January 6th last week.
We have since then looked like we’re setup for a bit of a bullish rally, because we’ve been getting the higher high and higher low confirmation of bullish rallies.
But seeing that even pullbacks in a bear conform to higher highs and higher lows, we can’t really be sure as this can just be a bear flag or some short consolidation before the downwardness of doom continues. If you know what a bear flag is then you have an idea what I’m suggesting-that this make-believe bullish rally could simply be a pullback to pace the continuation of the bear.
Like I said earlier though, words of a dude that doesn’t know what he’s talking about. Just doing pure speculation here. Lol
Now let’s say by some miracle, the war indeed is over and we’re about to be all green again. Here’s what you missed if indeed this bear is over.
Best thing about bear markets is that people who missed out on great projects they had their eyes on during the bull market get an opportunity to buy in cheap again. That is if their projects are still standing during and after bear anyway. This is a great way to filter out great projects from some low cap coin that just blew up due to some sort of FOMO during the bull market.
If you have the patience, the bear is when to set yourself up for the top when the bull market comes. Most people believe the bear market is when millionaires are made. And even though this sounds counterintuitive, it actually isn’t if you take a deeper look at it.
Anyways, let’s say the bear really is over or is wrapping up. Here’s what you would’ve missed out on.
HIVE for below 30cents!
I chose to talk about this first because I want you to grasp the magnitude of your fuck up if you didn't get HIVE for cheap in this bear market lol.
In the last bull market, HIVE did $3 and that was wayyy wayyy behind most of the current developments you’re seeing on Hive now. That was before the recent hardfork, RC delegation, Leo Threads , Leo Glossary. The community is also larger and stronger than it was back then and all of these has elevated Hive and made it much more relevant and valuable than it was close to a year ago when it peaked at $3.
Now, tell me, what price do you think HIVE will do with the developments that have happened since then? Smashing it’s last ATH is not even a question. What is a question is how high the new ATH will be.
BTC at less than 16k!
The next Bitcoin Halving is approaching and we all know what that means- Bitcoin is about to become more scarce(in simple terms). And what happens to scarce but valued products? Yeahh numbers, baby. Lol
LEO Below 10cents
Lol do I need to explain why LEO at less than 10cents is one of the biggest opportunities we'll get to ride this bear market? This is the same LEO that did a dollar in the last bull market without Leo Threads , Leo Glossary, A bigger cub community, and without an everything app? What do you think the next bull market holds for us?
LGN For 1.1 HIVE
This one is for everyone that missed the BRO train (including myself). LGN is the new token of the Bro economy created as the non-inflationary utility token as stated in the Hive-engine description.
It recently just launched (in a bear market) and started presale at 0.8HIVE/LGN. So honestly, you kinda almost missed it tbh as it is currently on Hive-engine for 1.1HIVE/LGN. According to the white paper, it should be close to 2HIVE/LGN by end of this year as there'll be a 0.1HIVE increment per month from January on. Everything is really up to you.
There are obviously a lot more projects with great potential out there, but I'm limiting this post to just these for now because I obviously can't cover them all, and I'm putting most of my focus in terms of investments on projects related to HIVE. Feel free to draw my attention to some awesome projects I should be looking into to take advantage of this bear.
Nothing I said here is financial advice and you'd just be as dumb as I am if you took my word for it and jumped into any of these without doing your own research.
I didn't do much except blab some nonsense anyways. But hopefully, this nonsense will give you a bit of insight into what could be after you do your own research.
All screenshots in this post are from TradingView and CoinMarketCap
Posted Using LeoFinance Beta
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I wouldn’t say a bit of FOMO, it’s a huge one. I think the bear market started turning(if it is) at a time when some of us don’t have enough to buy enough. We have already liquidated our positions for something else and I fear I might loose out painfully.
We could get hive at as low as 0.24. Even though a lot of people didn’t get it then I still think hive at .30 is a good buy considering it was at 0.45. People can still make significant fans buy scalping it.
Posted Using LeoFinance Beta
True. I mean technically even if the bear market really is ending, we’re still in it, just no longer at the bottom. So what people missed out on would be a chance to buy at the bottom. They can still buy in at the current bear prices though and make good profits in the bull market. They just won’t make as much as those that bought at the bottom. That’s all I’m saying.
Posted Using LeoFinance Beta
First of all, I have to say, this post was well-written and formatted, and even if you didn't intend it to be a technical analysis, you sure scored some good points. I think October and November was when we experience the biggest dump. I hope we can continue this momentum.
Thanks, man.
In my opinion, if this attempted takeover from the bear doesn’t succeed, I don’t think we’ll see a recovery in the market anytime soon. This new green had revived a lot of hope and is bringing in new money to the market, so it’s crucial that we don’t see a fallback again or 2023 might just be another year in this bear market.