tom 🔺
tom 🔺 2 minutes reading from Avalanche

How does the Short-Term Rally Point to the Upside?

Just to play a little devils advocate,

Something to BEAR in mind (ha ha) when looking at the recent AVAX pump…

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Every bear market has periods of rallying before continuing the down-trend.

Here’s an example from 2007-2009 from

to illustrate short term rallies in an overall downtrend

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Investing.com - Stock Market Quotes & Financial NewsInvesting.com - Stock Market Quotes & Financial News

The overall market sentiment is still bearish, consider looking at a weekly chart to put this small green zone into perspective of the larger macro-environment.

7d vs 30d view of BTC…

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You can see how looking at the short term can make you feel like we’re going all the way back up! Zoom out and reconsider…

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Always be aware of your Twitter echo-chamber and don’t be led into buying with incredibly high risk because your favourite red-triangle-wearing tweeter is bullish.

NFA, DYOR and all the regular disclaimers to stop us going to prison

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This post is based on this twitter thread.

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