Friday bloody Friday 13th... but that happened on Thursday.
Today's dump was the biggest in modern history (since 2017 bull run). Only December 22, 2017 had longer day candle (34% against 30% today), but at the end of that day it shrank to just 11%. So far no "shrink", although 1 more hour to go. Volume also second big after the same day in the past. Real bloody massacre no one could imagine. Bounce will happen, no doubts about that. And since so much money was lost on liquidations, those who picked it up will let it grow. But that day will certainly take its place in crypto history.
Ok, now you can tell your children that you've seen record 24H volume and biggest dump in modern Bitcoin history - 44% in one day. Bigger was only in April 2013, but was another story. I hope it won't fall lower. I need more hopium...
Potential targets 4130 - 3750 - 3400
If we dump down to 3k again (which is only 3k away from current Price), I don't think it will hold this time... thus we could see 1k (which would be only 2k away at that point). BITCOIN can do all this in a week if it wants too.
FUD will bring price down and FOMO will push price back up.
Takes nothing for BITCOIN to change people's mind and sentiment ah? - Remember in the past Price was able to dump:
- from 19k to 10k in a week
- from 10k to 6k in a week
- from 6k to 3k in a week
so... Bitcoin could do 3k to 1k without any issue since it's much easier to move the price from 3k down than moving the price from 19k down.
FUD will bring price down and FOMO will push price back up.
If you think, in the last bearish move BITCOIN dropped from 14k to 6k (-8k) and the MarketCap at that point was massive. Going from 6k to 1k it would only be a -5k drop. So much easier than -8k.
Just showing you that 1k is NOT impossible.
When Bitcoin price broke the massive BULL FLAG pattern, all world (me too) turned mega Bullish. Altcoins started to pump like crazy. Greed was the first sentiment in the Market... look what happened: Bitcoin dropped from 8k down to 5.6k in one single day.
Last time I watched such a CRASH in the market it was 2018.
Always remember that when everybody things something usually the opposite happens.'
If you are not trading in this SHIT market you can use your TIME to learn new things instead of going CRAZY!
$4600 not far from $3000... yesterday it was at $8000... 😅
This is an Epic dump. Never seen anything like this.
Come on... another -3k and we reach 1k... you can do it! DO IT!
Just My Thought$
Sometimes I wonder, with all those FORK that happened what is the real value of Crypto, I mean what is the real money that entered the market? If you really think with the BTC/BCH fork and BCHABC/BCHSV fork Billions of dollars entered the market while these coins were created from pure air...
Isn't that fucking crazy??? LOL
PS. Don't try to catch the bottom. You don't have tools to do so. Wait for reversal patterns on HTF with Bullish Engulfings and a sign that Buyers are stepping in. You don't need to catch the exact bottom.
Quote
Excessive worrying doesn't just affect ur mental health; it also can wreak havoc on ur immune system #MentalHealth
911well | twitter.com
If You Like This Post Upvote,Resteem and Follow Me