Reminder! Bear markets are the absolute best for finding opportunities!
A bear market can be divided in 3 stages
Stage 1 is not a stage where we want to buy and be long!
The only exception is extremely oversold days/days with liquidation cascades - these are the only days we want to buy oversold assets for the short term.
Stage 2: This is a stage where market goes into boring mode. Volatility is low and market chops sideways for months.
Altcoins continue bleeding. This is a stage where we want to look to find and accumulate hidden gems for cheap prices.
Stage 3: Bottoming stage - High timeframe trend is about to reverse. We want to be buying with confirmation of high timeframe trend reversal. Check MA tutorial
Currently I would say the market is at the end of stage 1 and beginning of stage 2 depending on which asset we look at.
Understand that you won't be able to buy the bottom majority of the time - and thats perfectly fine.
Patience is the foundation of financial freedomThis post is based on this twitter thread.