Here is an updated version to my latest Bitcoin chart.
We are bullish and we are going up! But before we go up we are going down!
We were expecting a correction for the doors to open for $100,000+.
The correction is finally here, it is gaining momentum... This is positive, after we go down we move back up; STRONGER!
Plan now what you will do for the next month. This will only be a correction period, another one, after the correction prices growth.
The Altcoins vs Bitcoin pairs will start to breakout strong. The market will be mixed but this is a positive. The growth we were seeing was heavy and not strong enough.
When we hit new highs, we want to see it going fast and strong, not just barely higher than the last peak.
Leveraged positions will be liquidated. Weak hands will be removed. Diamond hands will continue for the major peak price, for the real bull run.
We are here for the long-term... What about you?
What are your goals? What is your strategy? Will you hold long-term? Will you panic?
Bitcoin is here to stay. Buy & hold.
Namaste.
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We are likely to see a very strong drop. Maybe $10,000 minus in one candle. But it will recover afterward. It will be a strong shakeout, possibly.
After the correction we become stronger.
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Altcoins
Ethereum Prepares For Correction (30% Drop Possible)
Solana Prepares For Correction (~25% To Start)
Cardano Prepares For Correction (20% to 38%)
Binance Coin Prepares For Correction (25% Drop Ahead)
Dogecoin Shows Room To Move Lower (30% Drop Or More)
@AlanSantana , agree with you brother, these types of corrections (without any particular bearish news or blowoff top like we're used to seeing) makes me think this is normal. There was a 20% correction around the same time in November of 2017 down to $5900 before we catapulted to $20,000.
Bitcoin is trash. There is no real purpose behind this coin.
AlanSantana
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@Daytrader5000, It does have a purpose.
It works as a mean to change value between people. It can work as an alternative to fiat currency. It is also a great piece of technology. It promotes financial freedom. It is recognized worldwide. It is great and it works.
jdo85
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@AlanSantana lol most what you say is complete nonsense bitcoin is the Nokia phone from 20 years ago got replaced by samsung and apple
AlanSantana
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@jdo85, The USD has been around for hundreds of years and hasn't been replaced by anything.
Nokia also had its time.
amirtm20
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@Daytrader5000 cuz you can’t afford to buy lol
UnknownUnicorn3631192
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@AlanSantana that’s BS, western union was doing before Bitcoin.
AlanSantana
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@Daytrader5000, Western union charges a lot for tranfers, Bitcoin is so much cheaper.
OxbadOded
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@AlanSantana, Why would I buy bitcoin when its so volatile that I lose value? bitcoin was meant to be used as an exchange and now it's just a store of value and no one would want to transfer U.S dollars to bitcoin and in half an hour that $500 would be worth $300. No one would use this volatile manipulated out of date currency that consumes energy to maintain it. Western Union is way better than BTC.
Namaste!