What you see on the market right now is total Price manipulation, some group of people want to halt the price increase for their own profit so they would buy at a lower price. In this case , creating so much fear which allow others to sell as well as a result of FUD.
This is clearly the tactics going on in the market now. Using $ETH monthly chart , you can clearly see this when you zoom out. it's so evident and can't be hidden. The Month of April and May would have brought us all massive profits if not for these Negative and selfish minded individuals.
Honestly folks , let's not lie at each other. This bull run has been halted by this desperate action and it's open for every eye to see. my biggest question is, what happens if everyone wins, without the rich over using their power to make the poor poorer?
I'm enjoying this ride. The key is patience and perseverance. it looks like greed but trust me, it isn't. follow the tides, trust and believe. we are in for big wins and keep going on. New heights are to be unlocked as we trust this BULLISH Journey upwards.
but never forget when to leave, just like the GOD FATHER.
In these moments of uncertainty and a lot of negative media influence; I'll urge new traders to remain on the green side until the bull nears it's elastic limit. for now, ignore the bears because they want to buy cheaper, leave them with no choice but to buy now. this is the way we all can win. Note that the moment you sell, the bears smile, I call them rats because they can hide in the cold waiting for you to give up, so they can see red and take the spoils. Remain patient and Confident but not foolish and greedy.
In my opinion, I think people who are bearish on Bitcoin are being bias or do not really understand the market or are short term investors. looking at the Bitcoin monthly chart, it's really full blown bullish. Try looking at it with tools like MACD, you'll see that if you can hodl for a month and more, you're in for some profit and on the long run you just have to buy more when it dips. understand the market and use the same approach to some of these other alt coins. Got some money, relax take a look , purchase coins and set your target, another thing is to not be greedy, because it's a bullish season now, the bears will come for sure but not now.