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Bitcoin 52K, everyone is panic ! People whoโve been in crypto for 7 years
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YOU WILL LOSE ALL YOUR INVESTMENT โโ Unless You Understand The Psychology of the Crypto Market Experts predict a new bull run peaking in late 2025- That is 12-18 months from the Halving happened in April 2024. Ready to ride the wave? I hate to state this but many are still going to f> real. Let's break down the psychological phases: ๐PHASE 1 - Accumulation During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets. ๐PHASE 2 - Momentum Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge. ๐PHASE 3- Euphoria/Excess Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, whenever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see the crash coming. ๐PHASE 4 - Massive Crash/Long Reeeeed candles Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the for another two-three years -- the worst position to be in. DON'T DO THAT! โฐTips for Success: Invest wisely and patiently. Dollar-cost average. Take profits on the way up. Diversify and avoid overexposure. Be cautious of hype and scams. Watch for market sentiment changes. Hedge positions strategically. Keep cash reserves for opportunities. The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! #Write2Earn! #MarketDownturn
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#BTC/USDT Market Analysis ๐จ Bitcoin is consolidating within a falling wedge pattern, with recent price action facing rejection at the resistance trendline. The 21-day moving average is also acting as overhead resistance. A breakout above the wedge could signal a strong upward move. However, if the price breaks below the support trendline, the pattern will be invalidated, potentially leading to further downside.
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#ETHUSDT Trade Nice move โ How was that ๐
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#BTC The opposite of how you feelโ
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