Interesting that BTC dropped below the 30W moving average on December 13, 2021 when it closed at 46,704, below the 47,085 average. This happened again on December 27th, 2021 when it closed at 47,350, slightly below 47,973. It is also looking like it will fall well below this weekly moving average 48,074. The trend line was still trending up but this will flatten or turn down at the end of this weekly close. It seems extremely weak compared to other downturns we have seen over the past year and a half.

ETH also looking weak. It is currently trading below its 30W moving average and we will see how this closes in a couple days. Yesterday ETH closed slightly below its 200D moving average as well.

Unfortunately it appears as though a bear market may have started.

The FED minutes came out yesterday and scared the markets as it seems the FED is looking to raise rates sooner and pull back support faster because of the fear of inflation.

If cash is needed, it may be a good time to lighten up on long term bets and buy back at a later time. Bear markets can last a while and there will be plenty of time during bear markets to dollar cost average back in.

If strength returns to crypto, you can always buy back in minus any appreciation that you miss.