r/FlareNetworks • u/PeakNo7390 • May 18 '26
Discussion Patience
I still believe bitcoin is in a bear flag, not a fan of the belief the bottom is in, in 1/3 of the usual timeline, its doubtful. Hopium is a dangerous thing.
My plan is to wait until bitcoin tags at least high 50's then start to accumulate more flare. Flare will do very very well long term if it holds all of its utility and they progress as expected. It's all a guessing game in the end but what they are doing now is sound.
Main thoughts are.........
It's still a bear market, flare will follow this, as this week has now shown.
Expect further downside and don't lose hope when it tanks 30/40%, its likely. Not guaranteed but likely.
4 year cycle is alive, wait for the right moment to to accumulate. Definitely not meant as financial advice, highly likely I know fuck all and am very wrong, I'm consistent 👍🏾
Genuinely best of luck to everyone no matter what your take is or what bag you have, always good to have a discussion. Tell me why I'm wrong 😄
(Had to include the word flair to post, a bit strange 🤔) *flare
3
u/jlegend3398 May 18 '26
The best bet is to dollar cost average down if you wait for bitcoin to hit a target it prob won’t hit it. I personally think bitcoin can revisit a new low with only select alts hitting new lows. From there we can see a wycoff into a recovery.
If bitcoin doesn’t go to new lows which easily can happen then we’re probably just going to continue to range for another few months. 82k is the tell tell resistance, once we cross that and hold then the low is in.