Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.
My advice would be that you should wait and have patience for now. Yes, the market is really done, and a lot of people will be afraid now and they would start selling their assets because they don’t want to lose their money. But personally, I think those who are going to benefit more from this are those who are able to have patience for now. Just because it is going down doesn’t mean that it is going to keep going down till December is over, there is still much chance that it will increase.
Look at the past charts, especially in 2017, you would see that there was a time before December was over the market went down the same way, but that was the same time that the market went up and reached a new all time high price.