New Year's Madness 🤪
Good afternoon. Based on the current state of the market, we see a rather interesting situation, the market is in the red. Many people didn't get their positions right (including me) and are now seeing losses (I've been buying since the end of 2021 and I'm still in the black). I believe that the current situation may be a case of manipulation. My thoughts: New Year is coming 🎄 it's logical that people will sell crypto and withdraw money for gifts, a festive table, etc. And for whales this is a chance to buy at a discount, and they organize this discount. To prevent us from relaxing too much and making too much, the market was pushed down. People who bought on euphoria, on the rise with the last money, people who are in a difficult situation and, in addition to cryptocurrency, have no money for the New Year 🎅 will have to sell their cryptocurrency (and I'm sure there are enough people like that too). And then the selling comes, someone succumbs to fear and also sells. In the future, when growth resumes and we see new ATHs from people who sold, it will trigger a feeling of FOMO, which is a catalyst for new purchases.
I want to say right away that this is just my opinion. I am not a professional trader, nor a millionaire (yet 😁). I am a regular Binance resident and a long-time HODLer.
X20 to everyone in the New Year! 🎄🎊🎅🪅