These guys, basically accept paying what they're gon na have to pay, because they know they can make a lot more by manipulating the market. That'S just how things are working and it just become a norm either for people that don't know about it, but also don't care enough to figure it out. It'S not very hard to figure it out, but those who do know about it think they are helpless.
And this is the type of stuff that I think cryptocurrencies gon na come in. This was, I think, as part of what's gon na help people shift over to cryptocurrency, because obviously we also have our manipulation. We also have everything going on, but I believe, as we continue to grow, we're gon na see less and less of that happened big news here again: bad news for people who believe that crypto is going to zero and that banks are the best thing in the World but good news for those of us who are actually welcome to use that term. I'Ve never used that before, but those of us who are woke in seeing that there's a lot of a lot of dirty stuff that goes on now anyway. So anyone who turns around and says oh the bitcoins manipulated okay buddy, okay buddy now moving on, we had 63 billion dollars deleted from crypto in the last seven days. This is one of the worst weeks that we've had. I believe, since, like April 2013, something like that it was a while ago since we had something this bad. Now it looked like after hitting 3,600, we were potentially making a little bit of a bounce. However, not looking like that yet now, for those of you guys who have been watching my videos leading up to this, I've been saying that I believe the 3600 to 3,800 range, which my new is pretty much exactly where we hit towards, was where I thought Bitcoin Could fall and even past that to $ 3,000 because of everything being postponed and everyone waiting in into in anticipation for the good news to come now, a natural habit that people have is they want the good news before they buy into something? It'S just the number one rule of how to whose money trading or how to lose money with investments. Is you know by the news, but everyone everyone does it anyway, so I'm trying to share with you guys that, yes, I do think we still have the possibility of going to the three thousand dollars. Three thousand six hundred to eight thousand was roughly the I believe, the second target that I was looking at on our way down the second larger target on our way down now. Lastly, I think we could definitely still see and keep in mind. Bitcoin has support all the way down to the 1000s, although I don't think that's going to be the case, but I've been seeing a lot of people out there, claiming at six thousand dollars was the bottom. At five thousand dollars was the bottom that four thousand dollars was the bottom. Here we are at three thousand six hundred dollars and still apparently everyone was wrong when it comes to predicting the bottom, so be careful when you listen to just something to keep in mind, I have been dollar cost averaging my way down, because obviously we don't know 100 %, what's gon na happen with cryptocurrency, we don't know, what's gon na happen with the price of Bitcoin, it could go parabolic at any moment for any given reason, as we've seen, you know the backed announcement being postponed. No one expected that to happen, but it caused the price to go down yet it seemed like people knew that information before and they were able to do that before so again now any moment in time we can see anything happened. That'S why I'm more calm I'm most comfortable, if I am picking up Bitcoin or the all coins or whatever it is that I'm picking up, if I am a dollar cost averaging it on the way down, but is the five is the bottom? Finally, it there is. No guarantee that the bottom is in right now guys keep that in mind. I want to keep you guys. It works. Everyone who's been in the trailer group and I've been posting daily. Bitcoin updates everyone in there knew we were probably going to these levels, so everyone in theirs excited about seeing these prices - and you know trading according to that - and the possibility, of course, of us having an even full, even further pullback or update you guys more on That, if it does come into play, looking again at the overall Bitcoin analysis, like I said, we are continuing to fall, we hit 3,600. There are different, there are smaller I'd say, supports on the way down to the next major one being three thousand dollars. If you guys want to look at some of the supports and the resistance moving forward here are some of them right here again, these are the smaller ones on the way on the way, either up or down. They are, however, small, so they are easier to break the larger ones are the ones that I previously mentioned. Now. If we look at the overall market cap guys, we are inching closer to that one hundred billion dollars in market cap. We never thought we'd see that right majority of people did it now we're at 121 billion with a 54.3 % Bitcoin dominance. And if you look at the prices, you could see that almost any alchemy trade that you would have entered right now, you would have hit a stop loss unless your stop-loss is like minus 25 %. But at that point you should probably reconsider that. It'S not it's. Not a very good move. If you look at 24-hour change, we have very few crypto currencies in the green 4 out of the 5 are stable coins, so linky breaks its way into the top 100 being up 3 %. That'S what type of day it is right. Now we're seeing USD coin as well, obviously another stable coin. So here we go 4 out of the no 1. 2. 3. 4. 5. I can't count five out of the six biggest movers in the green direction. Again, this is in the red, but it's the smallest red mover. I guess. Oh, we have to Heather after guys, there's a lot of it's it's a bad day in the market when stable coins are dominating the 24 hour change. If we look the biggest losers, stellar is down exponentially Aeons down pun, DX's, down face potential tokens down. Some Syrian Labs is down Bitcoin cash. Thank God is down arc is doubt icons down cardano's down Silica's down cut every single cryptocurrency that you could possibly want to buy just coming a few days after Black Friday this week, I guess they knew guys. I'Ve been saying it. Crypto Black Friday is the best day of the year. They decided to give us a crypto Black Friday week. Ok, crypto black week. Look at that, so you guys can think.
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AuthorKaren Parker is founder of Edu Blog, writer at Edusson writing service, passionate novelist and father of two sons. Karen likes traveling, hiking, participating in archaeological excavations and reading of classical literature. ArchivesCategories |