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
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
Note
-2% in minutes, its' just beginningNote
time to start manipulating newsNote
10k next goalNote
Note
Note
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
Note
bounced from update image target, but I'd watch this more
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.