Bull & Bear: Is It Over

Is the bear market over? Are we back on track? The market is green is the latest question flying all around the crypto space after all the sad red market that occurs previously. We all experience the huge retracement that has been going on for a while now since btc failed to reach another ATH at around 70k even though many predicted it will form a new all time high. Most crypto trader were caught in middle of the bear market because they were expecting something more and could not take profit or sell their tokens on time. Taking profit is one of the hardest decision to make as a trader because of the "It can do more" spirit that most of us possess, after buying a token and it reach our take profit target, we tend to wait to see if the price will keep rising and if it start retracing we still wont sell with the hope that it will rise back. I still wonder where such spirit came from, because it is mostly general.

People use to say, accumulate when other are selling, sell when others are buying but were you able to accumulate in the last bear season? Most people see the bear season as a bad period, No, it is actually a blessing day to some people who understand when to sell and when to buy. As a trader you need to know that what goes up, will surely come down at a point, it statement apply to almost everything in life, so it is best to have a selling point where you sell and when thing retraced, then you can buy back. But is the bear over now?

checking out btc chart on trading view, we will notice the green candles forming after btc dropped to around 33k usd which was a strong support level and currently, it is trying to reach the resistance level at 47-50k, will the unexpected happen, is the buying power strong or are we still going to experience more bear soon? currently the 4hrs time frame rsi is overbrought but still find when it come to weekly/monthly time frame. We hope to see more green candles and seeing btc breaking the resistance level at 50k level.