No, this post is not to spoil your Christmas and New Year mood, this post is of an informative nature, which is written in order to think, analyze and draw conclusions.🙏🏻
On the chart, I tried to display the main low lows and the highest highs in the history of Bitcoin from 2017 to the present day.
We can see, that during periods of growth (blue zone), the price increased by hundreds and even thousands of percent, which gave great money to people who managed to enter the market on time without panic. But .... now it's important to ask one question !!
WHEN IS IT WORTH TO TAKE A PROFIT ???
After all, just look, after a strong almost non-stop growth there has always been a protracted, almost annual price drop as much as - 70%. That's very important for EVERYONE to understand! It doesn't matter if you made a profit or just entered the market.
No wonder traders say: <<buy by rumors, sell by news!>>
If the price of Bitcoin rises to $ 32 , very soon we'll be able to encounter a Bomb, which means a protracted correction that can last a very long time.
This should not upset anyone, because in a bear market, profits can also be excellent. The main thing is not to lose what you managed to earn! DON"T BE GREEDY!!!
My previous post about emotions would be in time now👇🏻
This Year was very insidious: the whole World shuddered from the Coronovirus, no one believed that we could overcome the barrier of 9,900, but at the same time Bitcoin broke all the time highs!
It is very interesting whether there will be another surprise for the New Year: continued growth or rapid decline?
What do you say, friends? What do you expect? Are you fixing the main profit or are you just entering the market?
Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
Thank you for the information !!! I don´t believe we are headed for a 70% correction from the 20k or 30k... that could happen when we hit 100k or more !!!
RocketBomb
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@sascanio, I would like that too. But there is a huge BUT !!!It was already in 2017.
One blogger promised to cut off his d*i*c*k if the Bitcoin price does not reach 100,000 in 2017-2018.🤦🏻♀️🤦🏻♀️🤦🏻♀️
We need stay careful and safe🙏🏻
sascanio
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@RocketBomb, you mean 1 million US$, yeah, I get it !
Prior to Dec 2017... you had people who bought BTC between 100-1000 USD taking profits...
Now People are getting in at 15-20K... totally different IMHO
RocketBomb
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Hi, I haven't seen you for a long time. Glad to see you back in my comments))
Let's just be guided by analysis, not daydreaming) @Jad-87,
Jad-87
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@RocketBomb, was commenting on your Instagram as well :D... seems you are having good vacation :).
Chart / Technical analysis has limitations eventually... look at what MACRO investors are doing...
Also go back in many cases when "technical analysis" suggested that market is "overbought" and "due for correction" however, price kept going up...
Same for Tesla stock maybe... and NASDAQ...
No day dreaming... not here for fast profits... understand the risks and ready for 3,000 anyway... will buy more...
But i don't think when Paypal, Grayscale, Microstrategy, etc, are involved we will have such crashes back to 3K...
RocketBomb
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@Jad-87, I absolutely agree with you that it is difficult to analyze in such conditions.
I judge only from my own experience - I was dreamer in 2017.🤦🏻♀️
And of course, I have experience of communicating with newcomers, (at the moment I have 25 student) I know perfectly well, what they are thinking about)))))
It's just that when everyone flies to the moon, someone must stay on Earth))))
Jad-87
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@RocketBomb, Being contrarian is good to avoid the "euphoria".. but again, things can happen and price can really push higher...
After breaking and holding above 20K, anything "is" possible.. why 32K BTC is possible and not 50K? 100K?? because it will be too expensive?
trying to say, that since breached 20K, moving higher is just a number with all the quantitative easing happening and money circulating.. .
keep in mind that BTC started from few cents.... and what happened in 2017 was the end of a cycle, driven by retail frenzy...
This time "it feels" different... the way price is making and maintaining new highs without 30-40% correction is pushing many to question... whereas even BULLS were expecting revisit to 13K when touched 20K few weeks ago..
RocketBomb
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@Jad-87, It's hard to disagree! It feels differently, and I'm not that stupid inexperienced girl anymore!
Experienced traders don't need my posts.
My work is aimed at warning the same dreamers as I was once, you know?