RE: Bitcoin : Interesting Inverted Fractal could be in play
Greetings Folks,
I recently posted my Bitcoin Morning Analysis I believe we may have reached bottom and could see a little more consolidation before we break out of $11,000 zone. @tradrhacks I've been following you on social media for quiet sometime now, if it's the same Roddrigo... big fan haha. March will be a bull month and crypto will take off. If i were to interpret this into human behavior I would say this is amateur money be shaken out. Too many new investors/traders getting involved into cryptocurrencies and not understanding how they really work. Recently there was a huge wave of new users who signed up for Investfeed (Essentially a Crypto Twitter) a lot of these users had no idea what cryptocurrencies were, not even Bitcoin. Media is slamming Bitcoin into the faces of the people, causing FOMO. When you wake up to a 12% drop emotions get involved and you pull out(*repeat). Those who understand Technical Analysis, the technology behind the coins, and market cycles haven't even flinched during all this madness. Thank you for taking the time to read this.
Hey @kidmartin-95 I appreciate the support brother and Its great to connect with you on Steemit!