LUCKMCFLY
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March 17, 2019, 12:08:35 AM |
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You have to understand something very concrete, I will share it since it is one of the teachings that the books that I have read have left me: if the creators of the market, Strong Hands or Whales decide to take the bitcoin to 1 USD, they can do it, They have the money to do it, but why do not they do it? It is very easy, many people have built their castles in the air due to the emotion of bitcoin, and this produces money, and can not do away with the hen that lays the golden eggs.
From the point of view of any speculator, they know that this is possible, and that most speculators are interested in trying to win with the movements almost without taking into account the technology, many see it as a business. This analysis buries many paradigms of many people, but it is reality.
Now thinking rationally because all scenarios are possible, there is a certain inclination not to crash Bitcoin, because Bitcoin presents a structure according to Wyckoff's theory: Accumulation, Trend and Distribution, which moves away from any Bubble structure.
Many speculators already know that most people who invest in Bitcoin are generally any type of people with or without experience in the market, this makes speculators follow their market strategies, perhaps, that is why we see in these times a very long accumulation phase.
At some point, the bitcoin will rise and enrich many, it is for this reason that any event that occurs in the market is not at all crazy or irrational, if we take into account the high volatility.
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