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The lower low from yesterday finally confirms, that we are in a bear market.
The last 2 bear markets took about 400 Days and had a low from there ATH at about 80%.
We are now down 50% and at 147 days from ATH.
If this bear market runs as the others we will end up at about 12k at the end of 2022.
This would get very worse, couse of:
1. The weekly MA 200 wold be broken.
2. We would get lower than the last ATH.

In 2018 the 6.400 hold up very long. Then it broke down to 3.100 (Weekly MA 200)

I could imagine, that we will last here at 30k and broke down to 22k in Nov.

This is a good time to take the advantages of bitmex future and perpertual contracts and the ability to short the market.

But be aware of the support Zone at 30-33k.
We dont want you to get liquidated.

PS: This is not a financial advice 😉

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