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StevieB88
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I see a Red Monday for
#BTC
#HotTrends
$
BTC
$58720 till Thursday.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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I have to admit that I f$#ing love how people are so hyped due FOMO when Bitcoin makes some green candles. It's like watching on some random dudes walking in an escape room, blindfolded. :)) 95% of these people are waiting for a miracle to land on Earth and makes Bitcoin $13000000, like Michael Saylor said, now also BlackRock joined this hype manipulation.Most of these people goes all-in in longs and buy after the price was already pumped in then they just hope for a miracle. They are like: "- But Michael Saylor said so, also Donald Trump bought burgers with crypto, so it has to go to the Moon!!" - Yeah... right! LOL 100% of these guys don't know yet, because some of low IQ (sorry but that's a sadly truth), or they are so desperate trying to getting rich overnight, or actually have zero knowledge about trading but have some spare money to invest and blindly follows some influencers who have brainwashed them promising 1000x gains. - Yeah, good luck with that! On the other way, 5% of the remaining people, see the actual situation everytime when market goes like this. Also the people is making tons of money everytime when the above guys are being hyped - How? Well it's not the first time and it will not be the last time when that happens. And this pattern is nothing new. We saw a similar scenario back in 2007 when the market was in a bubble and the Federal Reserve cut rates by 50 basis points. Initially, the markets rallied on the news, giving investors a false sense of security. But within 20-21 days, reality set in, and the market experienced a severe crash that marked the beginning of the Great Recession. Fast forward to September 18, 2024, and history seems to be repeating itself. The Fed has once again cut rates by 50 basis points, and the market has responded with an immediate surge. Yet, those who remember or have studied past market behavior know this initial euphoria can be a trap. So, how can I not be amused when I see 95% of people repeating the same mistakes over and over again and only 5% making more and more money? :))
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FYI
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Just shared the first article about chart patterns. Feel free to read it and improve your reading charts. More educational articles will follow.
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Understanding Triple Candlestick Patterns: A Key to Trading Success
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Why Bitcoin Won't Reach a New All-Time High This Yearđđ â â â The Bitcoin Conference 2024 had a lineup that raised many eyebrows, featuring both Michael Saylor and former President Donald Trump. For many, this was a sign of great things to come for Bitcoin. For me, it was confirmation that Bitcoin's price will go down, not up, this year. Despite the hype and Trump's support, I believe the promises surrounding Bitcoin are just empty pre-election rhetoric designed to attract voters. â â â At the conference, Michael Saylor made an astonishing prediction: Bitcoin's price would hit $13,000,000 by 2045. LOL This phrase gave me so much confidence that Bitcoin price will go in the exactly the oposite direction. While this may sound enticing, itâs essential to recognize this for what it isâa blatant attempt to manipulate the market by influential and wealthy individuals. â â â This group isn't interested in making ordinary people rich by buying Bitcoin now and selling it later at astronomical prices. Instead, this spectacle was orchestrated to give the biggest Bitcoin holders (whales) a chance to sell at current high prices before buying back at lower levels, likely around $48,000 to $50,000. â â â The entire event felt similar to how influencers promote lesser-known cryptocurrencies (often referred to as "shitcoins") on social media. The main difference here is that the cryptocurrency in question is Bitcoin, with the most active and influential whales backing it. Essentially, it's a larger-scale version of the typical pump-and-dump scheme seen with smaller cryptocurrencies. â â â The short-term result of this hype: significant trading volume and a temporary price pump, followed by a steep decline. â â â Also, not to mention that the US economy is in a giant bubble (again) and is just about to explode, but after the election probably. $BTC #Bitcoin_Coneference_2024 #BinanceTurns7 #US_Job_Market_Slowdown #ETH_ETFs_Trading_Today
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