Here we see the bull trap of the century. Through out the 2018 bear market, we saw 85% price correction but I don't think we've seen that kind of psychological correction in the community. BEAR MARKET in general tend to stress maximum amount of pains to the BULLS and the market sentiment is absolutely devastated at the beginning of the BULL market. Considering the optimism in cryptocurrency this devastation might be short lived and overcome quickly but it will undoubtedly arrive.
From here we will have pull backs and sucker rally to lure all FOMO crowd. Whales and Exchanges are waiting for their nets to fill. They will not draw the net until it's ready. Once they start to pull, we will see the bloodbath. Sit back and enjoy the show.
From here we will have pull backs and sucker rally to lure all FOMO crowd. Whales and Exchanges are waiting for their nets to fill. They will not draw the net until it's ready. Once they start to pull, we will see the bloodbath. Sit back and enjoy the show.