OPEN LETTER TO THE #BITCOIN/#CRYPTO MOON GUYS! -

2022年7月19日

Dear Bitcoin/Crypto moon guys,

A massive $620 million total liquidations in the past 24 hours.

Bitcoin has been in this falling wedge for the past 9 months, precisely since 07-10-21 with several corrections & rallies.

Bitcoin short term relieve rallies are normal in a typical bear market.

The correction in a bull market is to the downside while bear market correction is to the upside.

This is why it is best strategic to look for bearish signals in a bear market & vice-versa.

The entire crypto market has been on sideway movement - Nothing much has changed.

Fundamental Factors are still very bearish .

Longing (Buying) the dip is a good strategy in a bull market while shorting (selling) the rip is best for bear market.

To the moon guys, you don't have to be in trade all the time, cash is also a strategic positioning!
A massive $620 million total liquidations in the past 24 hours.
115,422 #crypto leverage traders liquidated.

Macroeconomics Bearish Signals:
-High inflation .
-Hawkish Interest rate hike.
-Quantitative tightening.
-Russia-Ukraine war.

Noteworthy:
Do not forget the historical wise saying, "Never invest more than you can afford to lose."

Not a financial advise, I suggest using this only as a guide - Do your own research.

Let us know what you think about this subject in the comments section below.

Kindly support this idea with your like and comment, thank you.