Thoughts on the BTC drop
After an increase in btc at the turn of 2013/14, a 75% -free correction according to fibonance quota, now that the btc rate is colossally pumped, the correction is inevitable. WHY?????
- Of the BTC community has reached a whole new mass of people who think that btc will go all the time only up (if the crowd thinks so, it will be different)
- In the media, we call for buy btc, because '' analyzes '' indicate a rally of up to 10k $ (this is a catch made by thick fish, so that the market will connect to their 'pompe', and that someone would buy from them btc at a high price)
3.Tj. you can see in the chart, we now have 5 waves of eliota, after which there is always a 3-wave correction - On the largest stock markets there are more and more short positions
- A lot of fish took care of altcoins at the price of -90% of what we had half a year 7.12% ago, so they will soon pump altcoins to earn a few thousand%, because they know it is easier to knock out alcohys 100% than conquer btc by 100%, because a much smaller capital is needed for such an operation :)
Ps. The human psyche is easy to manipulate, so when people see increases (green bars) on altums, they will sell their btc with a loss, because FOMO will appear with them and at any price they will not want to lose their earnings on altos :)
HISTORY IS REPEATED ?