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Bearish or bullish market?:

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Written by   118
5 months ago
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Hello dear friends of Read.Cash, I am pleased to be with all of you for another month, I also wish you a happy start to the week and of course I also thank you for having been excellent people with me, giving me all your support.

Today, I am telling you a bit about my technical analysis where I have a lot of chances to discuss with you.

I also want to give you some tips on how to make money in a bear market or a bull market, so read me until the end so you can understand.

Fear and Greed Index:

Fear and Greed index

We are in the fear gap again, but let's not panic, because even though the fear and greed indicator indicates that there is fear in the market, for many this is all bullish sentiment.

Bitcoin in the month of July gave us great surprises, it was greener than we expected for the market.

Now I want to remind you how we were in June, scared to death after so many falls.

I came to read so many things, that there was one in particular who said that it was the end of Bitcoin, I don't remember his name but he left me shocked, because his arguments were that bitcoin had had the biggest drop in the market in the month of June.

I know that while there is money involved it is difficult to maintain sanity, but we have the facility to study bitcoin cycles thanks to the past, so we can see that bitcoin has had this type of crisis much before and in a similar way, and apart He has been receiving FUD for over 10 years and has risen.

We must remain calm people, we know nothing about the future of Bitcoin, because no matter how much there is news or things that are believed to modify the market, the future will always be uncertain and unexpected.

So we better study the past since in Bitcoin it always repeats itself.

Monthly closure:

Investing.Com

If we look at the closures according to the months, we can see that the colors are repeated in some.

If we travel to July 2021, we can see what had a monthly close of 18.63%.

Coincidence of life and cycle, Bitcoin this month of 2022, had a green monthly closing of 17.15%.

Ah but let's go to June 2020, negative monthly candle closing, with a loss percentage of 6.09%.

And if we go back to June 2022, we can see that the monthly candle close was negative.

But ok, let's not only look at that, but losing streaks repeat themselves.

Let's look at the months of April, May and June of last year and let's also look at April, May and June of this year.

Cycles, that's what this market is about, stories repeat themselves and help us understand what is happening and the future is coming completely just leaving us crazy.

So August will be a green month like 2021, I tell you that it can be, but it can also be different, there is no security at the moment of knowing what will happen.

But so that you don't get caught off guard, let me tell you what you can do to take advantage of a green month or a red month:

Green month:

Unsplash.Com

How we all like it, a month where there are no fears, cryptocurrencies are the best investments, thousands of good-looking projects are heard, etc.

How to take advantage of that?

Well, basically it is the month where you will make the most money in trading, you will have many long operations that will leave you good profits, trading is much more beautiful when it is green.

Have your coins saved hard, if you see that you have a good cryptocurrency, do not sell it and leave it holding, if you see that it is a not so good coin, do not wait any longer, the green months are a good time to sell.

Take things patiently, do not get carried away by good streaks remember that everything that goes up must come down so stay cool.

Do not invest in all the projects that are recommended to you, do not go crazy with operations, with leverage or abusing your capital, grow organically.

Red month:

Unsplash.Com

A month where everyone hates cryptocurrencies, they sell their assets out of desperation, everything goes wrong for them, you want to quit.

But hey! Not everything is bad, there are actually more opportunities to do things in these types of markets, like buying a cryptocurrency you like at a good price, shorting and trading the market, learning about markets, studying bear markets and how they work, earning cryptocurrencies , etc.

If we see the opportunities of when the market goes down, we would spend hours, so if you don't make money in a bear market it means that you are not cut out to work with cryptocurrencies, because the big traders make money with these types of markets, you can too but you won't dare

Conclusion:

Have your own conclusions, both bearish and bullish markets are what will give us experience and that is what will make us a much more profitable path in this world.

Unfortunately we cannot learn without doing anything, without experiencing our emotions to the fullest, so I invite you to fill yourself with courage and do what you want so much, remember that life is one and it is too beautiful to waste it wanting to do things and not doing them.

Happy Monday everyone and great start to the week for you.

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Comments

We are in a bearish time again and it stands as big opportunity to every investors. It is opportunity to invest in a stakeable coins like AWC token. The price has dropped with best price to buy as much as we can and have enough to stake while we hold for Bullrun on the way. More about AWC staking - https://atomicwallet.io/awc-staking

$ 0.00
5 months ago

Hoping for a greener month for August! Thank you for all of these!

$ 0.01
5 months ago

I'm waiting for the same as you! I'm excited already.

$ 0.00
5 months ago

Hopefully August will be greener😍. I am optimist that this month will be great to almost everyone of us.

$ 0.01
5 months ago

I have high expectations for this month too, I'm so excited to see what's in store for me

$ 0.00
5 months ago

Bear and bull are the part of crypto market. No doubt some red months cause of great lost to investor yet it gave us hope from the pump in the last. Hope the things will be in BCH favor.

$ 0.00
5 months ago

My dear Maria, Thank you for all your valuable advice. They were great and helpful. I hope August will be a green month in the digital currency market.

$ 0.01
5 months ago

I also hope so, Ellen, because in this way feelings are calm and relaxed and the market does not suffer as much FUD.

$ 0.00
5 months ago

This article just gave me an awareness of what's about to possibly happen. It's good.

$ 0.01
5 months ago

Exactly, it's just a few hints of what could happen dear.

$ 0.00
5 months ago

Nice m

$ 0.00
5 months ago