Topic: Bloodbath (Read 160 times)
I think it will end soon because FUD that was make market crash just finish. Start from now the market will be back to normal and a few day later it will be going up again.
Start warming up, don't panic!
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Personally I think we have seen the worst of it or perhaps the worst of it. I don't expect much more dumping but if is going to dump it will only be a bit more. 400 million has left the markets in the past few days, the correction end must be near I feel because of this.
When Is this general Bloodbath likely to end Guys?? . .. All capital ties up😰😰
With that $2,000 bounce off the bottom, it could be over already. That's the kind of panic wick I like to see. It happened on high volume and looked like a "capitulation" where all the top-buyers finally gave in and sold the bottom. Still, it's not a classic V-shaped bottom yet and we need to see how the daily candle closes. I wouldn't be surprised to test major weekly supports in the $7,000s or $8,000s either.
After a move of this magnitude (which broke the uptrend from late 2017), we also need to consider that the bull market might be over for a while, and that we might see successively lower highs like we did after the 2013 bubble. Time will tell...
When Is this general Bloodbath likely to end Guys?? . .. All capital ties up😰😰
No one knows when it will end. It could be days, weeks, or months. The thing we know is that most likely there will be a recovery and we will see new highs at some point. I chose to just hold through the crash and potentially buy more if the prices drop low enough. These are the times when we can get inexpensive coins and have a chance for big profits later.
This was already foreseen by many who were already waiting since December last year for this price drop to happen. With all the bad news like china and korea banning cryptocurrencies and trading, this was likely to happen. Bitcoin could drop to 8K, but then many people who had missed out will step in and the price will increase again. That could already start next week.
When Is this general Bloodbath likely to end Guys?? . .. All capital ties up😰😰
In general, we can't say for certain how long this bloodbath. I have seen weeks, but most of the time it will take like days before suddenly the market calms and starts its road to recovery. If your capital are all tied up, then you didn't follow one of the golden rule of investing, "Invest what you can afford to lose".
Fortunately, I've seen bitcoin rallying today, it almost touching $11K at the moment. I suggest not to dump yet and wait in the next couple of hours if you can wait dude. Because once it goes to $11K, I'm sure that there will be consolidation leading up to another bull run. Just HODL.
When Is this general Bloodbath likely to end Guys?? . .. All capital ties up😰😰
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