Post
Topic
Board Altcoin Discussion
Re: Why complain about the dump when the market warned you????
by
Ozero
on 27/07/2021, 12:43:06 UTC
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Warned for what? you just create this after the dump happened and also there's not clue if china will be releasing the ban for the crypto again.
So many people didn't even think will happen and i guess there are bunch of prediction that were not coming true.
Many simply did not expect such a quick and sharp drop in prices. Some even thought the bull market would last throughout 2021. For example, I hoped that before the London hard fork, the ethereum price would continue to grow further, so I was in no hurry to take profits when the price of this coin exceeded $ 4,000. Therefore, the drop in ethereum in price to $ 2,000 and even lower was an unpleasant surprise for me. Most likely, everyone had their own calculations and expectations, which were then crossed out by the last price drop.
Of course, after such a long price rise, the market should have fallen, and whenever that happened, it would be a surprise to many.