If we look the log bitcoin chart, and not the linear one that is not good to show the real movement, we can see that what is happening to bitcoin is just a normal correction.
Lots of people are freaking out, saying o my god, there is a manipulation, everything is gonna fail, we are going to 1000 dollars.
Common people be rational and watch the chart. I don't think we will be so lucky to go to 1000 again but if it will, it would be so a nice buying opportunity.
Maybe somebody has bought whit a wrong timing and people like me lost the very big gain we did before but...common people, what is so strange in this chart?
Sure, manipulations exists, whales exist, bad news exist, they exist in every market! Maybe in cryptos the manipulations are stronger, that's why there is this big volatility that we love but we must handle it when it goes against us.
have a happy easter.
Luigi
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
the key is patience, slow but sure
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the market stabilizes, but all the comments say it will be for May or June, meanwhile we have to survive by other means and wait.
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All the comments as usual can’t forecast anything ...
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Good thinking but till now I am really anxious freaking out.
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