We have entered
the second year of a Bear Market. The market moment we're in has found its support at the peak of 2017's Bull market.
There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum.
It is the second year of the bear market alright but, its hard to agree the market has reached its low just yet. Not so long ago, we established the low to have been reached at $17k and watched the market gradually rally up to $19k and $21k. The market continued to circle around there for a while, giving investors hope that, it might continue and then go up and in the event of a fall, the market would meet resistance at $17k but, it broke that and went lower.
It could still repeat and until a bull market begins to materialise, you never can say.
Mean while, you accumulate when you can and not make a season about it. What is most important is, trying not to sell unnecessarily.