BTC Correction or Crash ..Only Time Will Tell !!
Updated
analyzing the two crashes back in 2013 they almost have identical patterns in every aspect..intitial panick dip then a fake breakout (bull trap) spend time sideways along the 50 MA until then final dip and a breakout.
it is almost impossible to distinguish the two cases at that time and to decide whether we are in a deep correction or already entered a bear market..
it looks like we are facing the same situation today..so we only have one choice and that is to Hodl and add on the dips.
it is almost impossible to distinguish the two cases at that time and to decide whether we are in a deep correction or already entered a bear market..
it looks like we are facing the same situation today..so we only have one choice and that is to Hodl and add on the dips.
Note
BTW it took the same time (5 months) to approach the green circle and to decide whether to start a new bull run or dive depper into the bear market..Note
Note
Maybe it was only a deeper correction at the beginning However the theft volume was huge at Mt.Gox..750,000 bitcoins 4.38% thieves kept selling at that time until the price collapsed to 150 $
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