This post is coming from me scrolling through Binance and seeing people "predicting" markets or preaching "I said XYZ 2 days ago, see it happened!"

Lemme show you/market a trick that is kinda obvious but apparently common sense doesn't apply to everyone.

Statistically, when BTC drops 7%(-7%) overnight, it's very likely it's not going to drop another 7% (-7%) the next (Scenario A). In a case, where noise (news) plays a role BTC can drop -7% night over night for a few days. (Scenario B) But in 99.99% of the time when pure PA and how markets works you will never see a 7% (-7%) drop then another the following day, it will always be a drop then consolidate or a drop then dead cat bounce then drop. (Scenario C) But remember 99.99% is very unlikely but it's not impossible.

Yes, in 1 week you can drop and drop but in the span of that 1 week you'll see either a small multiday consolidation or dead cat bounce before ending with a drop.

Stop mindlessly following people and make your own idea on where you think the price will be.

- ElvianElvy.eth