Bitcoin down -46% within the last 30 days.
I can imagine most traders weren't ready for this -46% drop in bitcoin's price this month. If we look back 1 month ago to "professional" technical analysts on sites like TradingView you'll notice a lot of predictions were incorrect. There was a considerable amount of people who said the floor of bitcoin was established by the 6 months of sideways trading.
Since this market is very small compared to other financial sectors I believe it's highly manipulated. Until we get a higher market cap for cryptocurrency we can expect big players to change the market the opposite way in which you think it will go. In 2017 the general masses were saying cryptocurrency will really explode in 2018, but look what happened... 2018 ended up being bearish the entire time. They're shaking out weaks hands.
Were you prepared for the -46% hit to your bitcoin portfolio this month? Please let me know in the comments.
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If you're interested in the results my custom script is producing then you should consider becoming a member at my website. I forward buy and sell trade signals to my members the second I receive them. and if you have that same trading bot then you can trade fully automated. Take a look at this Steemit article I posted 14 days ago where the script predicted this drop.
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