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 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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