BTC Bubble burst ?
Updated
I have alot of people asking me right now , if Bitcoin is a bubble and if this might be the beginning of the end ?
Honestly , if you look at the history of bitcoin ! you see how many times people assumed that it will soon be over !
-mt gox
-short crypto winter late this summer
-china ban
-JP Morgan fraud
-"bch will take btc over"
On all these ocassions i have had my doubts !
But now . No , i am almost sure that this is just a healthy correction ! It has been going up for weeks without even a small correction
and was almost going parabolic xD it couldnt go higher , you can see the red arrow i drew !
Now trade safely , and most importantly , leave emotions out of the game.
Wait for bottom, and buy back (see the support zone)
Here's a funny website , that will make you cheer up a little bit , if you have been sad about "bitcoins recent death" !
99bitcoins.com/bitcoinobituaries/
*keep in mind , that this is not financial advice ! Trade at your own risk !
Honestly , if you look at the history of bitcoin ! you see how many times people assumed that it will soon be over !
-mt gox
-short crypto winter late this summer
-china ban
-JP Morgan fraud
-"bch will take btc over"
On all these ocassions i have had my doubts !
But now . No , i am almost sure that this is just a healthy correction ! It has been going up for weeks without even a small correction
and was almost going parabolic xD it couldnt go higher , you can see the red arrow i drew !
Now trade safely , and most importantly , leave emotions out of the game.
Wait for bottom, and buy back (see the support zone)
Here's a funny website , that will make you cheer up a little bit , if you have been sad about "bitcoins recent death" !
99bitcoins.com/bitcoinobituaries/
*keep in mind , that this is not financial advice ! Trade at your own risk !
Note
If this helped you !btc: 1phepY26cqb6FQ2bKMs3GxyZiwgEdh6Kj
eth: 0x54dd5e7ae6bfc215840fe9d5ee451273da7d65f4
ltc: Lgjd3ivSLNssugpv5JFYYjTaiZrNyKeEPG
Note
Question now is "is the correction done ? Or is this just a bulltrap?"Not sure but right now its looking rather good !
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