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Author Topic: Almost clear with the weak hands.  (Read 489 times)
DarkDays
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May 24, 2021, 05:12:55 PM
 #21

I don't think so, it is still the early phase of the bull attack. Another leg of the ABCD pattern will take us below $25k, after the broken support line the panic will accelerate the process. After September, the BTC price can climb back to $50 in the best case.
Agreed that we are not yet clear of the red zone. It may looks like it but the trend is far from exponential rise.

The market might well continue to do exactly what id did a few days ago rise a little more be fore it reaches a new low, and of all the possible scenarios this is one I'm siding with most.

This is because there hasn't been any positive news or anything big that could send BTC back to its ATH. We still need to be patient.
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May 24, 2021, 05:15:04 PM
 #22

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.
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May 24, 2021, 05:37:31 PM
 #23

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.
Every time there is news from China it will definitely attack bitcoin and this is the biggest FUD news to affect the price of bitcoin, and as you said it will be difficult to reach $50k bitcoin but it might go in the opposite direction to be positive and of course I will prepare money to buy more. low, for now I am still monitoring the market and the possibility of another decline after a lot of FUD is now being talked about.

The most powerful FUD news
Elon Musk manipulates the market
China bans crypto
and the others are still widely distributed.

How did the whale react?

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May 24, 2021, 09:14:21 PM
 #24

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.
It seems you were right, the FUD that was continuously doing people have a long time effect on the market but fortunately, we are now in a good market again. Bitcoin price showed at this moment having a small resistance and have 24% increase per day.

Those weak hands will always have regret soon when they will see the market back to pump and as I can see now, we're almost there.

The problem of those newbies investors are didn't know yet how bitcoin works, they just dive as an investment knowing from others that it is mots likely profitable.

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May 24, 2021, 09:40:25 PM
 #25

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

No, it will now take months for btc to recover to your target.
I think that the sudden pump in btc price from $20k was inorganic and wherever btc stands now today, it has not corrected to that price yet from where I see it reverting. Hold and see, markets will turn red again and even more cheaper tokens will be available to buy. I hope that I will not be taken wrongly as lastly, it is an opinion only.
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May 25, 2021, 06:17:19 AM
 #26

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

Im going to hold on this prediction . As I can see bitcoin was up to $38k above right now. If it will continue to be strong and can break in again that $40k then it will be easy for it to go bounce back at $50k. Even altcoins who suffered a lot last week seems to recover together with bitcoin. Well, eventually those who bought much bitcoin lately was the reason for this pump.
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May 25, 2021, 12:51:05 PM
 #27

Weak hands will always be the weakest step in every market, since the inception of Wall Street they have existed, according to Livermore, they always act the same, react faster to the news, are carried away by comments, are very aware of movements and statements what strong hands do, and especially Richard Wyckoff also makes mention of them in his books when he analyzes the market, of course all this applies to the crypto market, it is just knowing that Elon Musk made a tweet for weak hands to buy or sell , especially selling, this has a lot to do with manipulation, through social networks it is the most powerful instrument used by that whale.

Fortunately, not only the whale is Elon Musk, there is also Microestrategy, among others, who can launch good news to counteract the pump and dump that Elon Musk wants to do, although if he does another of his movements, do not think he will be so successful. BTC at least won't go down that much anymore.

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May 25, 2021, 01:02:59 PM
 #28

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.
I hope that the bear season continues for at the least another month because I still haven't bought a lot of bitcoin so I can increase the total amount of bitcoin that I currently hodl. I can always wait for the prices to go up no matter how long, I have strong hands.
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May 25, 2021, 02:23:15 PM
 #29

Yes, weak hands should be considered but the recent news really wounded the market a lot.
Will there be new investor that will try to go against those news and risk their capital for Bitcoin? I guess that is what we should expect to see in the next weeks to come instead of waiting for these weak hands deplete their investments.
36k is when that billionaire bought it so I guess we are still in a safe place. Except for the altcoins. Some of them just recently started but was caught by the dip.

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May 25, 2021, 03:28:05 PM
 #30

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.

And be prepared to see even worse drops. I know right now the market looks like it is in recovery,,, but if Bitcoin cannot go above 40k and ETH cannot return to 3k then we will see more and more loss of confidence among short term speculators, leading to more selling and more worry and fear.

I personally believe we are not done with this bull but we have to be prepared for our expectations to not be met.

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May 25, 2021, 07:11:27 PM
 #31

From the little experience am having I don't really believe we are done yet is too early to conclude that we are don yet before I can be sure that the bear market as ended is when bitcoin cross above $40k but if bitcoin is below $40k  anything can still happen so just calm down and hold your coin and see what will happen either pump or dump we are not selling we are still holding because I believe is just a matter of time bitcoin is going to bounce back and we will be in altcoin season.

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May 25, 2021, 11:58:52 PM
 #32

We still do not know or even having an idea when this would come to an end for it might go further because people are getting aware of the thought that they might suffer upon entering the market due to circulating FUD coming from different people around. If that will be the case, I doubt we will be seeing new investors to get into the market for now. But if there would be, then they must be brave to do so. Also, this declination is not happening to sort out those weak hands from the strong ones. It just so happen that they cannot endure making them to instantly or slowly get rid of the market.

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May 26, 2021, 03:08:31 AM
 #33

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!
are we really done with the weak hands?

it looks like there are still others that trying to take advantage of this Pumping and dumping, it's been couple of days that this scenario is happening so wondering how long will this take?

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May 26, 2021, 04:09:36 AM
 #34

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!
are we really done with the weak hands?

it looks like there are still others that trying to take advantage of this Pumping and dumping, it's been couple of days that this scenario is happening so wondering how long will this take?
The weak hands will always be there, no matter if the bull run or bear run because they will afraid of the crypto changing. I think people still accumulate more bitcoin before the price start to increase. But the price can get down for more because we do not know about that although we can make a prediction for where bitcoin price will moves.

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May 26, 2021, 05:05:35 AM
 #35

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!
are we really done with the weak hands?

it looks like there are still others that trying to take advantage of this Pumping and dumping, it's been couple of days that this scenario is happening so wondering how long will this take?
The weak hands will always be there, no matter if the bull run or bear run because they will afraid of the crypto changing. I think people still accumulate more bitcoin before the price start to increase. But the price can get down for more because we do not know about that although we can make a prediction for where bitcoin price will moves.
We can't blame those weak hands especially if they lack the knowledge or the guts to see the price moving on the opposite side they want, Or sometimes they are just being smart with their portfolio and just finding another entry price after selling. There are too many speculations in the market and we still don't know where will bitcoin land first, It is just better to make your own research and boost your confidence in the price target you will see.
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May 26, 2021, 08:11:23 AM
 #36

We still do not know or even having an idea when this would come to an end for it might go further because people are getting aware of the thought that they might suffer upon entering the market due to circulating FUD coming from different people around. If that will be the case, I doubt we will be seeing new investors to get into the market for now. But if there would be, then they must be brave to do so. Also, this declination is not happening to sort out those weak hands from the strong ones. It just so happen that they cannot endure making them to instantly or slowly get rid of the market.
That could also be put into consideration but this decline and FUDS are not new anymore, investors, merchants are already hearing this since before. If they will see an opportunity inside crypto they will come for sure and disregards those negative factors. Many people become successful in here and so they might be thinking they also succeed in here.

Wise man wins and that is why they themselves as a businessman as they are strategically knowledgeable in terms to investing. What I think is that many investors will surely come when the market will dump. Cannot see it now, but someday.

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May 26, 2021, 10:06:56 AM
 #37

We still do not know or even having an idea when this would come to an end for it might go further because people are getting aware of the thought that they might suffer upon entering the market due to circulating FUD coming from different people around. If that will be the case, I doubt we will be seeing new investors to get into the market for now. But if there would be, then they must be brave to do so. Also, this declination is not happening to sort out those weak hands from the strong ones. It just so happen that they cannot endure making them to instantly or slowly get rid of the market.
That could also be put into consideration but this decline and FUDS are not new anymore, investors, merchants are already hearing this since before. If they will see an opportunity inside crypto they will come for sure and disregards those negative factors. Many people become successful in here and so they might be thinking they also succeed in here.

Wise man wins and that is why they themselves as a businessman as they are strategically knowledgeable in terms to investing. What I think is that many investors will surely come when the market will dump. Cannot see it now, but someday.

It is true that falling prices and FUD are not new in the crypto world, in the end the most important thing is how we as investors deal with this.
Do not let negative things affect the decisions we make, we must be able to decide based on the results of our own analysis and research.
And it does require a strong commitment, so that we can be sure of the results of our own analysis and research. If we do everything according
to plan, it should be a lot of investors who come when prices dump. We ourselves should also buy coins, when the market dump. Not buying when
prices start to rise, so we must be absolutely sure of all the results of the analysis and research that we have done. Don't let other people influence
our decisions.

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May 26, 2021, 11:26:22 AM
 #38

I'd honestly doubt it'd go back to $50k even with a month given. We'd probably see a sidewards movement instead of a drop, but a rise? Kinda unlikely. The recent dump was a cause of both FUD and correction imo, if it was just FUD coming back up is easily achievable but there's also the correction to consider here after all. The market looks like it's recovering, but that's probably its maximum, recovery. It wouldn't grow or go past the usual high limits it has, for now.

I'd honestly give iit the rest of the year tbh to go back to $50k, should be easily achievable by then.

R


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May 26, 2021, 12:00:43 PM
 #39

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!
are we really done with the weak hands?

it looks like there are still others that trying to take advantage of this Pumping and dumping, it's been couple of days that this scenario is happening so wondering how long will this take?
The weak hands will always be there, no matter if the bull run or bear run because they will afraid of the crypto changing. I think people still accumulate more bitcoin before the price start to increase. But the price can get down for more because we do not know about that although we can make a prediction for where bitcoin price will moves.
We can't blame those weak hands especially if they lack the knowledge or the guts to see the price moving on the opposite side they want, Or sometimes they are just being smart with their portfolio and just finding another entry price after selling. There are too many speculations in the market and we still don't know where will bitcoin land first, It is just better to make your own research and boost your confidence in the price target you will see.
The weak hands will be the weak hands. If they can learn about hold tight their coin, they can change from the weak hands to the strong hand, and they will not panic to see the market goes down. We always need to analyze the market movement before deciding so we know what we need to do based on the current situations. Maybe we need to calm down for a while and with the next analysis, we will know if that time is good to buy back or sell it for some amount.

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May 26, 2021, 04:53:58 PM
 #40

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!
market conditions are not eternal...

In the last few days, the market looks very stable and has the potential to skyrocket again, it's just a matter of time. bear and bull markets are not forever, let's laugh at the weak hands, who sold their crypto assets during the bear market.



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