In 2017 we've seen a number of huge corrections, mostly on news manipulation.
Last two months however lots of money came to the market. For them the feelings are similar to 2017 mart-june, when everything was growing fast. Now these new investors must experience huge correction and emotions related with those red candles.
If we are not going to another ath, which could give +50-100% more, we should fall hard.
P.S. take a look how USDT/USD behaves - so similar with May sudden collapse
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-2% in minutes, its' just beginning
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time to start manipulating news
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10k next goal
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hmm
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reached bottom for now, however didn't touch resistance. next week we'll see if a new impulse wave is going to happen, or speculation and rumors will bring price back
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bounced from update image target, but I'd watch this more
I like this update. This would make the correction most likely complete immediately, since everybody would accept this as the bottom and no doubts would be left in the market. No doubts = bullish action.
alexpolynov
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@TobiasSombrowski, yes, there was always a fast red candle at the end, didn't see it this time
EricMH1
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Well done, you just drew two lines pointing down. Great analysis man!