BTCUSDT
Bitcoin is setting itself up for something incredible... Let's analyze the two weeks with the highest volatility in 2024.
➖ In 29-July week, Bitcoin reached at a peak of 69,985 and a low of 57,176. That's a swing of more than 12,000$ in a single week.
➖ In 5-Aug. week, Bitcoin peaked at 62,700 and bottomed at 49,111. That's a huge 13,589$ swing in a single week.
How would similar action look like today?
What if Bitcoin has two more weeks of bearish action before going green?
What if Bitcoin has four (4) more weeks of bearish action before the correction is done?
How wild can the price swings become?
What was your mental state and your market bias during the early August crash?
Where you prepared for this event?
Looking back, would you have done anything differently if you knew before-hand that prices were moving lower?
If you knew before-hand that Bitcoin was moving below 50K, when it was trading at say, 70K, would you act or react differently to how you acted or reacted in the past?
How would you act now if you knew that Bitcoin was set to drop by 10,000 or 15,000 in a matter or days? And this just to continue lower.
Would you be ready to buy at support?
Would you be ready to sell now?
Would you panic sell at the low based on the market impulse?
What's your main strategy?
Why did you join this market?
What was your mindset when you bought Bitcoin?
How long are you ready to wait?
Are you ready to hold through a panic?
If you don't sell now, you cannot sell when prices are low.
Sell high and buy low.
We sell at resistance and buy at support.
We sell green and buy when the market is red.
Are you ready to go against the market, the mass, the herd?
Are you aware that it doesn't matter what happens Bitcoin will recover and grow?
Any and all corrections are only part of a short-term development, long-term we will experience continued growth.
Crypto (Bitcoin) is a new, young and evolving market, this is only the beginning... What was it like 10 years ago?
How do you see yourself 10 years into the future?
How do you see yourself in 2034? For example.
At what price will Bitcoin trade in 2034 and how will the world look like?
How were you doing financially back in 2014 and how are you doing today?
If you knew back then what you know now, what would you have done differently?
Bitcoin is going up long-term.
Bitcoins is going to cras
h short-term.
What are you going to do about it?
Thank you for reading.
Stay Tuned for Further Updates.
