Many of you are wondering, will this be another big drop. The answer is No.
As many traders are still selling out of fear thinking this is the end of BTC or for some reason they just decided to believe other trader ideas for a big dip down to 20k to 30k.
Don’t believe those ideas, I really don’t know where they get those thoughts from. My confidence doesn’t mainly come from my deep studies because at the end of the day they can be all rubbish. What I mainly focus on and get my most deep information from is smart money, from there I can see what moves they are planning.
As of now if I knew nothing about them, I’d say don’t know where the market is really taking us too but I can help you rest assured about this; the buying has sort of ceased from the big smart money players. They are on standby, also the big player sellers aren’t dipping the coin, it’s all mainly leading to BTC general traders who are really selling, smart money is testing.
They know how we think, neither does anyone really know how they operate. People may know them by real evil doers.
I imagine a picture of many sharks enticing many fish meaning they have no reason to buy, they’d rather wait until the selling stops from general traders then it’s time for a bullish run.
They might try one more crafty move which is; once they see the selling stop, smart money will conduct a few sells to see if more trades will sell for losses but not to an extreme below 40k but just enough to establish liquidity.