BITCOIN - WHAT YOU NEED TO KNOW
Hey there,
Thank you for supporting this idea with likes and make sure you follow me here on TV.
so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history.
A rounded 40%decline in 1 day. An incredible number for any trader.
There are now some key questions to be asked:
What really valuable asset is able to drop 40% in one day?
What could have caused this spike and will it happen again?
Is this the end of Bitcoin?
To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin.
It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come
back up to those.
While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in,
I too am troubled and have doubts in the real value of Bitcoin, if it is able to be manipulated by this degree.
Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether
or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day.
So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement.
Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful.
Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy.
Cheers,
Konrad
Thank you for supporting this idea with likes and make sure you follow me here on TV.
so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history.
A rounded 40%decline in 1 day. An incredible number for any trader.
There are now some key questions to be asked:
What really valuable asset is able to drop 40% in one day?
What could have caused this spike and will it happen again?
Is this the end of Bitcoin?
To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin.
It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come
back up to those.
While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in,
I too am troubled and have doubts in the real value of Bitcoin, if it is able to be manipulated by this degree.
Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether
or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day.
So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement.
Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful.
Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy.
Cheers,
Konrad
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