Thoughts on the BTC drop

in #btc7 years ago

After an increase in btc at the turn of 2013/14, a 75% -free correction according to fibonance quota, now that the btc rate is colossally pumped, the correction is inevitable. WHY?????

  1. Of the BTC community has reached a whole new mass of people who think that btc will go all the time only up (if the crowd thinks so, it will be different)
  2. In the media, we call for buy btc, because '' analyzes '' indicate a rally of up to 10k $ (this is a catch made by thick fish, so that the market will connect to their 'pompe', and that someone would buy from them btc at a high price)
    3.Tj. you can see in the chart, we now have 5 waves of eliota, after which there is always a 3-wave correction
  3. On the largest stock markets there are more and more short positions
  4. A lot of fish took care of altcoins at the price of -90% of what we had half a year 7.12% ago, so they will soon pump altcoins to earn a few thousand%, because they know it is easier to knock out alcohys 100% than conquer btc by 100%, because a much smaller capital is needed for such an operation :)
    Ps. The human psyche is easy to manipulate, so when people see increases (green bars) on altums, they will sell their btc with a loss, because FOMO will appear with them and at any price they will not want to lose their earnings on altos :)

HISTORY IS REPEATED ?