I'm honestly starting to believe this space is manipulated. Only in crypto does the market move up some points in a couple days only to crash down.
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One thing is certain. With every pump and dump like we had last days (and for the most part of 2018) there is less and less people who are willing to invest in crypto.
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Market is recovering surprisingly well. I was very much certain that we would see a drop at 4.1-4.2K range but now, I am not sure what to think here. We still seem to be at a very high volatile region.
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I'm still bullish even after the dump. I still believe we are at the point of trend reversal (although the exact point can only be determined in hindsight). The little mini-rally last week was very different from anything we have seen in months. It shows that there are enough people are ready to jump back in.
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The daily chart for BTC is so extremely bullish. I would rather have this for 365 days in a row instead of the crazy runs that lead to long squeezes and stop hunting.
The recovery after the dump down has been exactly what I look for. Slow steady rise of the bottom (not the peaks, but rather the valleys). This signifies more and more holders who aren't selling, and who are now at their entry ground floors.
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I honestly think we might see ETH pass $200 temporarily. The market sentiment has felt very bullish lately with recent news, and most people who wanted to sell in the last year and half have done so by now.
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Markets are irrational, especially crypto. We have had nothing but good news In the last 6 months and the price is down. Hopefully we have some terrible news soon and we may see a new ATH.
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This drop is almost guaranteed to have only happened as quick as it did because the correction broke below 4k and hit peoples stop losses...it was to be expected so close to such a psychologically important price. Essentially, with where the price was people should have been waiting for the correction to bounce off of 4k before buying, or at least waiting for the price to get a healthy range away from 4k and retracing before entering.
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The run-up was caused by good news and morale boosting and probably some manipulation. The dump was pure fear tactics. I personally don't think the fear tactics will won out at this point. I hope I don't eat these words.
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Proof of joined post Bitcointalk username: hungafub Campaign in which you participate: Twitter, Signature ETH address: 0x76Aa24DDF5870486831649d03eB3fb46f56f5614
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#FANCHAINProofOfParticipation Bitcointalk Username: hungafub Campaigns Joined: Twitter
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Proof of joined post Bitcointalk username: hungafub Campaign in which you participate: Twitter ETH address: 0x76Aa24DDF5870486831649d03eB3fb46f56f5614
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Twitter Link: https://twitter.com/lady_katechkinaYour Number on the Spreadsheet: 68 Retweets: 1 February 17, 2019 at 07:58PM http://twitter.com/lady_katechkina/status/10971936026549903372 February 18, 2019 at 03:09PM http://twitter.com/lady_katechkina/status/10974832706383216643 February 19, 2019 at 10:07AM http://twitter.com/lady_katechkina/status/10977697191703592974 February 20, 2019 at 11:26AM http://twitter.com/lady_katechkina/status/10981518251637022775 February 21, 2019 at 03:15PM http://twitter.com/lady_katechkina/status/1098571942972481536Tweets 1 February 17, 2019 at 07:59PM http://twitter.com/lady_katechkina/status/10971937166561607692 February 18, 2019 at 03:09PM http://twitter.com/lady_katechkina/status/10974833397730754563 February 19, 2019 at 10:08AM http://twitter.com/lady_katechkina/status/10977697873739653124 February 20, 2019 at 11:26AM http://twitter.com/lady_katechkina/status/10981519138732769285 February 21, 2019 at 03:16PM http://twitter.com/lady_katechkina/status/1098572048790478848
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