Congratulations you survived the carnage left behind from the cryptocurrency massacre!!
"So what's going to happen now?" I hear you say.
Allow me to give you my interpretation of what went on and what we can do to hopefully never experience another two "RED" days like we just saw.
So first up allow me to give you my background in cryptocurrency trading and analysis. I have over 8 hours of experience in looking at "coinmarket cap". I know the names of at least 10 different cryptocurrencys. I know what a wave is and I have used triangles.
So this is my first observation:
A lot of get rich quick investors freaked out!! There we go quick, simple and easy to understand.
Second observation:
Apparently there were a lot of different types of waves going on, some big, some little.
(this is a big wave)
(not so big wave)
Now although they look different its clear to all that they are both made of water. #interestingfact
Observation number 3:
Everyone loves a triangle and I'm no different. I have a soft spot for an equilateral triangle
But my favourite I think is the isosceles.
There were a lot of triangles going on and they were all pointing in different directions.
So what can we conclude from these observations and how can we prevent this happening again?
If you just keep saying the words "wave" and "triangle" you kinda sound like you know what you're talking about and people listen. The truth is NO-ONE knows exactly what's going on. If they did they would be so rich they could just give us all money rather than telling us how to waste it. What I will add though is, I hope this is the bottom of the "correction/crash" and that you've got to go through the bad times in order to appreciate the good times. In a bull-market every decision is a great one!!
Have we come to the end? Can we see light at the end of the tunnel or is that just a....... Look out get off the tracks!!!
Disclaimer: not actual advice. Tongue in cheek view of the crypto space. For entertainment purposes only.
