$BTC
Difference Between a Bear and Bull! Bear in long bull run for short term(Correction)?
Well, We can study and discuss on it in this chart ๐๐ briefly.
In Bull run, where all time you can experience the Bull, Maximum candles are green and bear has no concept.
In Bull Run, Before the end of it, certain things happen;
High Selling has been done on between high peaks which must be displayed on daily chart!
Then it is assumed after a further more pump then market can dump, because sellers had started their action to surpass bull.
Firstly big whale do this, Then the whole market comes panic they sell down massively that confirms the correction.
In between this correction, Buyers struggle a lot to start the bull but it cant be done because the sellers are sitting at the certain peaks of coin and they push back the market down!
Greed and Fear index matters a lot! A big say is always buy in fear and sell at greed.
This confirms your profits taking.
In simple words to some extent it is right, that if you see the more red candle on daily chart then assume it as bear.
Overall in real term when a short term bear or correction starts it is very difficult to attain the bull again by the people's will.
It can only be done by strong, consistent and retain support at the coin previous base support to start next bull,
Vice versa if a coin breaking its support day by day then it is overall not good for investment.
Leave it for a time or enjoy you life moments for some time bull will come again.
Happy Trading.
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