BTC TREND: BULLISH OR BEARISH?
Sentiments ongoing about the recent drop of BTC from the new ATH recorded recently to a drastic drop of over 15% in just less than one week. We recorded from the fear and greed index how the market was extremely greedy last month recoding up to 82 which means too much volumes were pushed into the crypto space which also pushed the total marketcap to a new ATH as well.
My crypto psychology theory states that "every new ATH always comes with heavy drops and more selloff as it promotes FOMOing at first and sell offs will cause more panic sells of those who bought the top!" We are seeing same thing recording on BTC right now and it is really affecting all ALTs as well. Personally I'm bullish about BTC and I'm hoping we hit 100K before December 2021 but then if this little correction breaks our limit we might have a trend reversal and hold the panic till next year!
Those in our premium group have been trained to always take profits in every new ATH recorded and if you have not taking profits you can take partial profits or hold till correctio is over.
If you bought and hold
Now in losses
Ask yourself again
Why did I bought?
If it's worth holding add more dip and hold
If it's not worth holding sell off and accept your loss
but you'll be a fool to sell off the dip and come back FOMOing again🌚
My crypto psychology theory states that "every new ATH always comes with heavy drops and more selloff as it promotes FOMOing at first and sell offs will cause more panic sells of those who bought the top!" We are seeing same thing recording on BTC right now and it is really affecting all ALTs as well. Personally I'm bullish about BTC and I'm hoping we hit 100K before December 2021 but then if this little correction breaks our limit we might have a trend reversal and hold the panic till next year!
Those in our premium group have been trained to always take profits in every new ATH recorded and if you have not taking profits you can take partial profits or hold till correctio is over.
If you bought and hold
Now in losses
Ask yourself again
Why did I bought?
If it's worth holding add more dip and hold
If it's not worth holding sell off and accept your loss
but you'll be a fool to sell off the dip and come back FOMOing again🌚
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