There it is again! Right at the very moment of thinking 'BTC solid at 7k USD, we're ok now'. Lmao. The next hour I checked the chart, my jaw dropped. I'm pretty pretty sure somebody out there is trolling us...
By thinking that everything is 'ok' you're basically trolling yourself.
The main difference between traders and people here is that traders go with the flow of the downtrend, while people here go against the downtrend. If there is one thing you should never do, then it's going against the downtrend during a bear market. It's pretty much you asking for problems, and that will lose you a lot money in case you try to make some money out of it.
I have never really been a TA fan, but when the average people aren't trading, and thus not subjecting the market to their lunacy based on greed and fear, the market becomes TA applicable enough to actually profit from it.
In fact they are useful and profitable for traders. I see people here usually only hold and they get really nervous and scared when the market falls. You guys are either using money that you can't afford to lose or you are holding for too long for no reason.