Bitcoin 2022 bear market 'usual' despite key trend line loss — analyst

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Stop worrying about the Bitcoin 200-week moving average, says SwellCycle.

While these have so far not beaten previous bear markets, this is no reason to fear the worst, Superswell continued.

“From an on-chain perspective, this is business as usual *so far* for a macro bottom and bear market,” he wrote.An example came in the form of percent volume in profit — a chart showing what portion of transaction volume involved coins moving at a higher price than they did last time. Currently trending down, the metric needs to begin an uptrend — a series of higher swing lows and swing higher highs, which Superswell says would “confirm a macro reversal.”Bitcoin percent volume in profit annotated chart. Source: Superswell/ TwitterGlassnode itself meanwhile also targeted profit and loss, which superswell described as “*the* invisible hand” in the market, for macro cues this week.

 

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I know the history and use the bear market to its fullest extent. I spend as much usdt as I can to buy bitcoin and other promising projects

Simple, buyin season incoming, so preparing a lot of fiat.

🍑

History is a great teacher, but be sure to always DYOR. No matter what has happened before, a great project foundation will sustain better the bearish markets.

Definitely. Our system works on the principle of checking and analyzing the historical movements of the market and by far, we are doing great in this BearMarket.

being in USDT is the best way to dealing with the bear market

SwellCycle Start caring for NDAU instead!

SwellCycle Literally all bitcoin cry babies have blocked me because I speak the truth.

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