A wise man once said " To succeed, you must never stop trying"
Many have given up on cryptocurrencies,many have lost a fortune or even an empire.
Someone once bought pizza with 10,000 BTC😂😂.
Let's admit,we all do make mistakes, accepting your imperfection leads to an open mind, this gives chances for further learning.
I was going through BTC candlesticks charts and I noticed the repetition of a pattern,using price action and back tests, It might be a repetition of history in a few days as supports might be broken eith new ones being formed.
The $17,982 support might be broken
Altcoins will follow suit and would even move more than BTC cause btc dominance has printed patterns indicating a bullish move
A double bottom formed on the daily timeframe for BTC.D indicates altcoins will move faster than BTC.
As this comes to play,human psychology is tested once again,questions are.asked by novices and experts are left bewildered by the action of newbies in the crypto ecosystem.
This bearish moves are necessary for a successful bullish season.
Gravity makes us understand whatever goes up must come down,but cryptocurrencies have also shown.us in recent times that whatever goes down can also pump massively 😂
In the last bullish season we saw cryptos making x50 x70 x20 x100 moves, alot of people were millionaires overnight.
If we actually understood the aim of cryptos, we wouldn't be bothered about its rise or fall. The essential aim is proper distribution and circulation of wealth,its a global payment method which eases foreign exchange and provides liquidity to our finances.
When BTC hits a stable contant price,it will be highly and better appreciated,hence,the current fall of BTC is actually the death of a seed that gives rise to a forest.
I stand corrected though!😎