Well lets see..im still in profit,
I dont think thats a bear market. Its just a trap. And everyone now knows about enviromental issues of crypto...so...wich one will pump more when the trap ends? Guess so.
Lot of room down, lot of room up, i dont buy your thoughts.
Lets see what happen. Who is wright and who wrong.
I may be wrong but it does not look like a trap to me ... well maybe in a 3-5 year perspecitve it is a trap but i dont expect 2021 to be bullish anymore. Its just so much easier for price to go down now. We crashed all bullish indicators. Supports, trend lines, MA200. Every technical trader will short every possible bounce. Every price recovery will be hit by short positions. We will need super strong buy pressure that we do not observe here.
And if we are talking about 3-5 year perspective ... why should we invest now? In 3-5 years there might be better technologies developed. Better opportunities.