If you have already read any news you probably know that the correction of the bitcoin and the entire crypto market takes place. None of the local experts predicted such a correction range, I hope that they will devote payments from these over-rewarded posts to charity. Below example of TA provided (perhaps) by steem expert.
Reading raw price charts it can be hard and confusing so you should use sites like https://data.bitcoinity.org/markets/books/USD to see more correlated data.
The recent increases were disturbingly large, which is best illustrated by the fact that today's correction has reduced the market capitalization by 200 billion dollars, a value that the entire market was worth a month ago.
It's too early to speculate we'll have to at least wait a few days. Let's be optimistic in any case
https://steemit.com/bitcoin/@mathsinnature/it-s-time-to-get-ready-for-the-next-btc-run
Is it? For Charlie it is not :)
Its great that its coming down, let it fall further. The cheaper it gets, the more people that can buy in cheaper. Have confidence and enjoy the ride!
The problem is that many people will not be courageous enough to buy it now...but big money will not miss the chance...
Agree with you on the big money not missing any chances. But I think the move up was so widely talked about (throughout the world), that there are many people looking for the opportunity to get involved. While many might not jump right away, they are now more aware and will pull the trigger at some point. The only way people will flee in droves is if it really crashes (like 95%). Imho howeve,r there is too much money to be made by the big boys to chase them away just as the party's getting started. Just my opinion
Many people should be scared! I think this is the way how rich people went into the BTC, pumped it an now let it fall again; maybe they went into other cryptos from BTC cheaply before and stabilized BTC with more money and went out...the afraid masses followed...
Just an opinion like this:
https://steemit.com/bitcoin/@mathsinnature/it-s-time-to-get-ready-for-the-next-btc-run
They have more power than you can imagine... They make money both up and down... You better be focused on what you "know" or they will eat you alive... There's a reason why the big banks make money 99.9% of the time. And it isn't based on luck. Thanks for the reply and I agree with you about being scared, your money should always be worried because it is limited. Cheers.
you are right...
they say "great minds think alike" :)
It is difficult to predict the movement of all the digital currencies they are in every day
True!
But I tried...
This is all so incredibly confusing for a noob like me. I will just keep posting and expecting a good result :)
Bitcoin sungguh luar biasa
I am relatively new to Steemit, but I mentioned the rising fees, mempool clogging, mining difficulty increase about 3 weeks ago. My prediction was off because I thought it will correct at the previous difficulty increase. But instead it is correcting now. I hope you don't mind that I used the picture as well in my blog post.
https://steemit.com/bitcoin/@krisr92/bitcoin-possible-correction-difficulty-increase-clogging
I'm not an expert, but I made this prediction a while back:
https://steemit.com/bitcoin/@rndness222/a-long-term-price-chart-for-bitcoin-170826