How do you know if you are in a bull market?
The commonly accepted definition of a bull market is when stock prices rise by 20% after two declines of 20% each. Traders employ a variety of strategies, such as increased buy and hold and retracement, to profit off bull markets. The opposite of a bull market is a bear market, when prices trend downward.
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ETH broke its resistance and now with the fed implying there will be a soft landing, I expect ETH to rally back to its 2k resistance. Lots of bullish signs heading into this new year. Wait for a pullback and load your bags. The stock market trifecta has hit 80%+ of the time.
I somewhat believe crypto has front run almost every report and I suspect its bc it isn't regulated like normal securities.
With the recent pump and rumors of a Biden victory rally, $1609 is in the cards. $1275 - $1160 if its bad.
I dare someone to 1,000x right before the report. Not financial advice tho.
New year, new trend.. funny how that works, huh?
As most of us know by know, the fed will be start to become more dovish as inflation starts to dwindle down.
However, the fed has never started to cut rates when the $VIX is under 40.
Ever since COVID we have had a huge reset and we are in historical times.
Be wise and study everything you can. The bull market...
Does this mean ppl think BNB has more value than ETH? The sell off was only 73% while BTC was 77% and ETH was 82%. With all the fud going around Id be careful to long, seems like the valuation is elevated by???
ETH is edging closer to the bear market trendline. As stated in my previous post, a big move is going to happen. Look at the fed and be patient.
I used some ghost charts for fun, lets see how it plays out.. Id be looking for 1300
spy cant go much lower if its to hold the upward trend we've been on. breaking this trend will result in a new formation and will possibly look to long near the next support zone unless we turn it into resistance.
