Hm?
I doubt that would be a reasonable interpretation of what I said (or my assessment of why and/or when we got into a bull market).
Even though I tend to be adamant and argumentative about my claims of whether we are in a bull market or not, I am not claiming to be any kind of an expert regarding these matters, yet it seems that I already said that part of the assessment of getting into a bull market is when their is a pretty decently strong assessment that the bottom is in, and the 200-WMA is a crossing over point that was easy to reference for when we got out of the bear market and went into a bull market either in mid - 2023 or late 2023..
So largely I am proclaiming that there has not been any corrections that have been significant enough since late 2023 for us to go back into a bear market, so it makes little to no sense (and it seems even retarded to me) to proclaim that we could be in a bear market and a bull market at the same time... so that is not exactly triggered by the 200-WMA, even though the 200-WMA could be used as a guage to attempt to figure out if the bottom is in or not or if there might be a new bottom formation that is relevant to proclaiming that we are no longer in a bull market.
So there is more than one reason that I find your comment to be problematic.
1) a potential proclamation that we could be in a bear market even though you used the term "bear session"
2) implication that we could be in a bear and bull at the same time
3) it is just confusing.. and even you probably don't even believe that we are in a bear market that is why you used the term "session" rather than "market" but that is still confusing from the perception of this here cat, to the extent my perception matters
and/or
4) there might be some other reasons that I am leaving out.. so I would like to throw in some more reasons to attack your proclamation.. and yes, we are in a bull market.. so even BTC's price performance is quite great, so I cannot even see why people (including you) are wanting to prematurely throw in ideas of bear.. even if there might have had been some innocent explanations for such, including that you could have just talked about corrections and consolidations rather than talking about bear assessments.. but whatever, you do you, and even if I am not backing up myself very well, I am going to continue down these kinds of opinionated paths, and perhaps even lashing out relatively innocent soothsayer wannabes (is that you?) from time to time.
JayJuanGee you too technical and critical when it comes to
BTC. My point was that
BTC has gone down below 60k after a very long time and price of 56k is seen after a very long time so it can be taken as opportunity to buy
BTC. You are right that price below 60k must not be seen as something bear because it's still a high price. Moreover from comparison of spot price to 200 WMA we still in bull market.
I take my word back of declaring that instant as bear session (or market) and will take care in future also.
