#AskLeo - Are we in a bullish market? Or is it bearish?
Hi,
today, when picking up some music on youtube, yes, I use youtube for music and don't pay for a streaming service such as spotify, I stumbled upon this video by @khaleelkazi:
https://www.youtube.com/shorts/muQIKCosJ8k
Well, it is a short, where after you watch it, you will see his view on the market status for today.
Given the fact, that crypto is new, and taking a 10 year old time frame, we can say that it is still growing, and it has increased bullish, if compared to 10 years ago.
It reminds me of successful investors, that all say, time in the market beats timing the market. I'm accumulating, and stacking, despite thinking more often to quit, take the profit and leverage it for something else.
I did take some profit in 2018 and leverage it wisely, now I'm thinking to liquidate some more, but something tells me to wait a little more.
Hearing the statement in the video above, gave me another perspective. We are still in a bullish market, if we check the longer period. Ok, compared to the pandemic time, it is lower, but scaling out, we are good, compared to 2018 for example.
As a mid-short term plan, I think that 2025 would be a good year for the next profit taking. 2026, there will be a new law in the EU, which might affect the crypto, but till then let's see it.
How about you? How do you see the market, bullish or bearish?
Posted Using LeoFinance Alpha