BTC made a huge dip after the tweet of Elon Musk. I personally don't care that Tesla doesn't accept Bitcoin anymore. Elon says nonsense and manipulates everybody.
Okay sooo.. Elon says nonsense but we must be thankful. You need to buy dips like this. The altcoin prices were big blessings. After the dip I noticed something nicely. We are in a big falling wedge.. A falling wedge is a bullih pattern. If we break this pattern upside, we will be super bullish.
When will we break it? I think that we will go up now till 54-55K and then we will bounce back to the big support around 41-42K. I have talked about this support in my previous update.
If we will touch this support, we will bounce back up and then I expect that we will break the falling wedge.
What did I do in this dip? I had a bag of usdt and invested 50% of my usdt in altcoins for the long term. I will invest the other 50% at 41-42K.
If you can't handle a 20% loss, you don't deserve a 1000% return. Keep this in mind guys. Follow me to stay updated with the market, never be in panic and have patience. Your patience will be rewarded...
I think it is very likely to play out as you describe in option 1. It may wreck a load of moon boys & gals.
Patience gets rewarded.
foebi
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@Tez8 jup... the crypto market is so hyped now. This can’t stay for too long. A lot of people don’t know what they are doing and if the market drops, they panic sell. After a couple of times, they will be upset and leave this market.
Tez8
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@foebi, I wonder how many Dogecoin holders are feeling emotional these days?
foebi
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@Tez8 Dogecoin is super risky. People need to know that a coin controlled by one person is risky. Elon Musk can make every moment a tweet that he doesn’t like Dogecoin and the coin will crash. Maybe Dogecoin will be big, who knows... but yeah the past days were not so good for Dogecoin.
I think Elon might have one or two more opportunities to heavily infuence the market, then people might just stop listening and let his get on with whatever he's doing.
foebi
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@7f8507b288c14a7586fe288029811d that’s right! It’s not fun that somebody can manipulate this market. And it’s impossible that he can do this forever. After a couple of times it will be enough for the people.
Patience gets rewarded.