batstat

Hard pills to swallow: The clear direction is down

BINANCE:BTCUSDT   Bitcoin / TetherUS
Over the past few weeks we've seen buyers only hold on long enough to turn a quick profit or quickly panic sell as it dips again. All the euphoria and pent up demand has left. Only sellers remain. Every bounce seems to be weaker than the last, only to be met with emboldened short sellers. Staying long in this market no longer makes sense. What are you hoping for? A whale to come buy up the market again? The whales have already migrated to the moon until this comes back to earth. Please don't cloud your judgement with confirmation bias. While we may get aggressive bull runs from time to time, the long term trend clearly points lower. This freight train is picking up steam to the downside. Please, please set stops if you're still holding. It's not worth the risk, not anymore, not in a bear market.
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