Congratulations you survived the carnage left behind from the cryptocurrency massacre!!
"So what's going to happen now?" I hear you say.
Allow me to give you my interpretation of what went on and what we can do to hopefully never experience another two "RED" days like we just saw.
So first up allow me to give you my background in cryptocurrency trading and analysis. I have over 8 hours of experience in looking at "coinmarket cap". I know the names of at least 10 different cryptocurrencys. I know what a wave is and I have used triangles.
So this is my first observation:
A lot of get rich quick investors freaked out!! There we go quick, simple and easy to understand.
Second observation:
Apparently there were a lot of different types of waves going on, some big, some little.
(this is a big wave)
(not so big wave)
Now although they look different its clear to all that they are both made of water. #interestingfact
Observation number 3:
Everyone loves a triangle and I'm no different. I have a soft spot for an equilateral triangle
But my favourite I think is the isosceles.
There were a lot of triangles going on and they were all pointing in different directions.
So what can we conclude from these observations and how can we prevent this happening again?
If you just keep saying the words "wave" and "triangle" you kinda sound like you know what you're talking about and people listen. The truth is NO-ONE knows exactly what's going on. If they did they would be so rich they could just give us all money rather than telling us how to waste it. What I will add though is, I hope this is the bottom of the "correction/crash" and that you've got to go through the bad times in order to appreciate the good times. In a bull-market every decision is a great one!!
Have we come to the end? Can we see light at the end of the tunnel or is that just a....... Look out get off the tracks!!!
Disclaimer: not actual advice. Tongue in cheek view of the crypto space. For entertainment purposes only.
It's a good week for bargains!
Can I get an amen... The fist and probably most important bit of advice I got was to "buy the dips"
Oh I do love a nice triangle too! Great analysis. Made as much sense as all the other pros out there 😀
Lol
we will see what happens.. crypto is like lottery sometimes you win.. und sometimes you dont. ;) no risk.. no fun.
If past patterns hold true we are not out of the woods quite yet and could see another dip to ~8k on Jan 24-25. Every year for the past 4 years BTC has crashed 25-35% exactly 23-24 days prior to the Chinese New Year, which again this year puts the potential dip on Jan 24-25 so we might see another "correction" before truly moving back up towards record highs around March/April (and 40k around August).
Coincidence??? Multi-Year Bitcoin Crash Pattern... Like Clockwork BTC Has Crashed 25-35% For 4 Years In A Row Starting 23-24 Days Before Chinese New Year
https://steemit.com/cryptocurrency/@budz82/coincidence-multi-year-bitcoin-crash-pattern-like-clockwork-btc-has-crashed-25-35-for-4-years-in-a-row-23-24-days-before-chinese
Doh. I should have read the comments before I posted. I just rehashed the same pattern.
🤣 dammit welshy
Give me a board, I'm ready to surf! cheee-hooo! \m/
The sad part about Bitconnect scam is that people will think this was a cryptocurrencies problem and not a Ponzi scheme as usual.
Lol brilliant I loved the fun made of some so called experts
Would I do that???..... Hahahahahaejin
Of course you would
Oops sorry dang autocorrect I meant of course you wouldn’t
😎👍😎
IT IS RISING!!! IT IS RISING!! YEEEEES
Some good points here, enjoyable read.
I have been following bitcoin since 2010. (If only I had gotten in then). This thing is cyclic. I remember after the cypress crisis, the price went to fifty dollars in the Spring and was at two dollars by Christmas. In terms of percentages, this drop wasn't a blip compared.
The biggest thing I would note is that there is a definite January cycle that has emerged. 2015, 2016, 2017, 2018. Around the second week of the month, there has been a major correction every year. Almost clockwork...it varies by a few days. Last year, the 35ish percent drop in January was recovered with new highs tested by March 1.
I don't know jackshit about investing, triangles or cup handles or any other speculator stuff. I do know that this is bargain basement time for those who are liquid. My only regret is that I don't have anything to put in right now.
The screams of the hearts of helpless small people, who only expect a piece of two pieces of income. How cruel!
I feel far more informed then ever before, and have a new found appreciation of Waves!
#thealliance
Glad I could help. It takes a very complicated mind, some would say almost genius level of understanding to appreciate my logic. Remember waves are wet because they are made of water #fact
good discounts and now the climb back up to the correct prices
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