We are not in a bear market. This is normal, healthy movement. in 2017 bull run, there was:
- 12 dips from 10-25%
- 6 corrections from 30-40%
we are only at 28% down. we are not in a valid correction until we break under main uptrending support.
uptrending support is white line, and is what draws underlying trend. EMA50 does not deviate to far from it, which means this can be used as reference as a potential, more dynamic support.
- 12 dips from 10-25%
- 6 corrections from 30-40%
we are only at 28% down. we are not in a valid correction until we break under main uptrending support.
uptrending support is white line, and is what draws underlying trend. EMA50 does not deviate to far from it, which means this can be used as reference as a potential, more dynamic support.