Bear Market, Bull Traps, ETH 2.0, Increased Open Interest, Recent Industry Updates & The Future of DeFi

It is a fact that true billionaires are created in a bear market in-fact it has been proven over the years that when the market is red and emotions are down is the period where most opportunities are revealed.

In light of this, from professional experience with market cycles, it is also important to note that sometimes, staying too long is a bigger risk than leaving too soon. With these two constantly alternating thoughts in the minds of the average trader and investor looking to make some profits and get by, the big question remains

• When is the best time to enter and exit?
• What part of the cycle are we right now?
• Is there really a future for Crypto?
• Market seems to have picked up, is this a sign of the beginning of a bull run?
• What’s the future of DeFi & TigerSwap?

So to answer the first question, entering and exiting a market is like participating in a skipping game and watching the rope move while carefully estimating the right time to jump in. It is a rhythm and most important factor that differentiates successful investors from everyone else is making sure they are in sync with the rhythm of the market. While it is impossible to say when is a best time to enter or exit due to many underlying factors, it is important to know that the safest action to take it to always sell higher than the buying price regardless of how long you have to wait. 1BTC will always be 1BTC, 1 ETH will always be 1ETH, 1BNB will always be 1BNB, 1TIGER will always be 1TIGER token — so its best to hold till the price are in your favor and you can sell. Which leads us to the next question, what if I hold and the price keeps falling and its end up to zero like LUNA and other recently crashed tokens?

This leads us to the answer provided by the second question. For this, the cycle of the market helps decide how high these probabilities are. For example in a bear market, it is highly expected for prices to fall . I often recommend always having a stop loss alongside always remembering that news headlines have high impact on price directions too. This is because there are no alternatives to human emotions — bad news by default will trigger lots of fear and get people to sell and vice versa. So please always remember to pay attention to this too. Some other factors that might help includes the fear & greed index available on trading view and you might also want to read little bit more on Elliot-Wave theory too.

Now to the answer of the question earlier — Which part of the cycle are we right now?

As at the time of publishing this article, the market is in a bear season infact estimated losses is about $1trillion and more with several crypto projects loosing the value in price. So if you are going through losses or some tight financial windows, hold tight, you are not alone. With time everything will pick itself back up again.

During this season, you might also find yourself wondering if there is really a future for crypto and is this really a viable technology/financial market. Let me help you see things clearer through a wider lens and perspective of things.

Crypto is not the only market affected. This is an economic bear season. Stock market S&P 500 down over 20% from its January high, Dow Jones Industrial Average tumbled more than 2.4%, pushing it below 30,000 points for the first time since January 2021.

Shares in Tesla, Spotify and several top companies have also recorded losses. In the UK, where the Bank of England warned inflation could hit 11% this year, Europe’s benchmark Stoxx 600 hits its lowest level since February 2021.

While in the Forex market, the Euro falls below the US Dollar for the first time in 20years! A single euro bought $0.998 on the foreign exchange market at 12:45 GMT, down by 0.4% in the day’s trading. Fears that Russia may restrict Europe’s supplies of energy have increased the chances of recession in the euro area.

While this is not to trigger panic or fear, it is to serve as guide towards making smarter and better decisions. Much as it help to know that you are not alone and numbers don’t lie, it also helps to identify opportunities and appropriate actions and activities that can be profitable to your portfolio during this cycle.

The future of crypto-currency is just getting started, adoption is expected to increase considering the bear market making it more affordable for the next generation to buy more currencies. Utility and technology is also improving by the day and more jurisdictions, governments and countries are beginning to pay more attention & recognition to the possible impact of the the crypto industry on financial markets and the world economy generally.

Much as we might be in the bear market right now, the recent spike in prices especially on Bitcoin and Ethereum could get many people wondering if the bear market is over. In my opinion, I’d advise to be on the look out for a bull trap. From technical indicators and by checking the rates of open interest, trading volume, RSI amongst several other indicators, you might want to pay attention to the possibilities of a bull trap.

A bull trap happens when assets break out above resistance level, and often during a bear market when prices suddenly begin to go up thus trapping investors to believing these signals as confirmations for a bull market. Often times investors and traders that open long positions or jump on these signals get trapped and might experience some losses as the prices begin to decline again. This often happens when bulls fail to support the break out and to keep the rally going often due to lack of momentum or profit taking. You might want to pay attention to this by taking more time to observe the market further and doing your own in-depth research too.

While there is no doubt a lot has been going on, the future of DeFi remains unbroken, the TigerSwap team are working diligently and steadfast on the ecosystem. With the Uniswap v3 license to be made open source by April 2023, we are no doubt strategically positioned for a massive run and industry shift. Conversations with exchanges are going on already and we are more than excited for what is coming next! You can see the environment here https://app.tigerswap.global and make sure to stay tuned on progress too.

The community gladly welcomes you! Join us at TigerSwap as we strategically position for the next DeFi season and explosive bull-run coming soon!

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