Topic: What is a Bear a Bull or a Minotaur ? What is our market right here right now. (Read 70 times)

It is part bull and part human. An old mythical beast.

Thus is should be smarter than a stampeding bull.

Never heard of a Minotaur but a buffalo run is a stampede that draws the herd to panic and go over a cliff, market slaughtered    Hopefully a rare occurrence, the native Americans used to hunt this way to survive the winter.  This type would probably relate to the end of a bear move where people sell just because others have, herd behavior or similarly top of a bull move where the highest prices occur with blind buying on the basis its already risen so much.   The current market is quite questioning and we pull back every now again so this condition does not appear to be present.

I will like to speculate about bitcoin, for now it is not turning bull or bear, what can make the price of bitcoin to turn bull is when additional institutions are injecting funds into bitcoin, but no much news about that for now. I remembered when Grayscale open investment for investors this year around February, the price of bitcoin increased. Later was macrostategy that also invested and make the price to increase as many people fomo at the time and brought bitcoin. Later Elon Musk invested $1.5 billion which make the price to increase from $38000 to over $58000 as people also fomo. The price dropped from that high to $50000 and Microstrategy again invested again but $1 billion. I noticed the price of bitcoin increase and fall but the price has never dropped much below $45000, it later increase back to $50000 and above.

I have noticed for now that the institutions really tried to manipulate the price of bitcoin not to fall, and this make some to believe bitcoin is not falling for now. Also some institutions are getting to know bitcoin and investing, but I still see traders making the price to still move at ceertsin range, making the bear and bull to be like swing trading, which means after short term fall, also will be the rise.

But, normally bitcoin is deflationary, over long term period, the price will increase after period of bull and bear.

Rules of thread be somewhat polite.

any  coin can be discussed.
any wealth of any kind can be discussed.

So how do you judge a market and try to gather up your wealth. Either defend what you have or add to what you have.

Do you say we are turning bull?
Do you say we are turning bear?

Do you try to to be Minotaur. ie a thinking bull.