Bitcoin tested the phycological level of 20k and has found a temporary support floor.
There is now billions of realised losses in the crypto space as everyone who was greedy and didn't scale out their profits. The markets is now being led by emotions and the whales are about to play on them big time. I see Bitcoin having a short-mid term retracement in the coming weeks and hopefully a decent retracement further up where we will see a new lower high in the markets. If you think this drop was bad wait until you see sub 10k again in bitcoin.
If bitcoin had grown organically in it's bull run instead of going vertical this drop wouldn't have been as bad but this drop is just a taster of what's in store. The people who disagree with this post will likely be the ones who said 250k next, 20k never again! YOU MUST get real now an accept the markets moves. You should be your most bullish in a bear cycle.
As whales toy with your emotions they will drive prices back up where everyone will emerge from the darkness and say 20k never again and this is the true run only just for you all to be dumped on again. Take this drop as a lesson, I have bought low value crypto currencies which should get a nice influence from the BTC pullback and one the lower high is locked in I will be shorting bitcoin all the way down.
I plan to take my members on a crypto journey like no other when the time is right and I have openly displayed my buy orders of XRP at 0.14-0.24 and then selling them all at $1.60 for BIG returns so don't come in the post thinking we are clueless.
My predictions stand at this;
BTC 16K / 12K / 7.5K
ETH $200-160
XRP 0.14 - 0.006
There is now billions of realised losses in the crypto space as everyone who was greedy and didn't scale out their profits. The markets is now being led by emotions and the whales are about to play on them big time. I see Bitcoin having a short-mid term retracement in the coming weeks and hopefully a decent retracement further up where we will see a new lower high in the markets. If you think this drop was bad wait until you see sub 10k again in bitcoin.
If bitcoin had grown organically in it's bull run instead of going vertical this drop wouldn't have been as bad but this drop is just a taster of what's in store. The people who disagree with this post will likely be the ones who said 250k next, 20k never again! YOU MUST get real now an accept the markets moves. You should be your most bullish in a bear cycle.
As whales toy with your emotions they will drive prices back up where everyone will emerge from the darkness and say 20k never again and this is the true run only just for you all to be dumped on again. Take this drop as a lesson, I have bought low value crypto currencies which should get a nice influence from the BTC pullback and one the lower high is locked in I will be shorting bitcoin all the way down.
I plan to take my members on a crypto journey like no other when the time is right and I have openly displayed my buy orders of XRP at 0.14-0.24 and then selling them all at $1.60 for BIG returns so don't come in the post thinking we are clueless.
My predictions stand at this;
BTC 16K / 12K / 7.5K
ETH $200-160
XRP 0.14 - 0.006