Hello,
Before we start talking about now let's go back to 2017 to demonstrate the simple business model of big banks.
In 2017 before the futures every big financial entity was bashing bitcoin really hard ( Example: www.theguardian.com/...urrency-drug-dealers)
The reason why is that because they are simply making the weak investors sell in order for them to buy more and then manipulate them back into buying in ATH and then do this cycle again ,They use fear and greed in order to that...That's not just for bitcoin but for every other market in the past 20-30 years.
What is happening now is the same with coronavirus . Let's look at simple data:
-SPX is down 16.62%
-UKX is down 21.46%
-DAX is down 21.32%
And basically every other indices , And all for what ? A virus with 3% death rate (www.worldometers.info/coronavirus/) that the media made it look like the new plague ?
What i think this is ,Is the fear phase in which the week investors sell in order for big banks to buy .
Back to Bitcoin ,
The best regions to buy BTC from is 5800-6200$ (Very strong weekly support) and 7200-7400$ (Weekly fib + daily support)
Before we start talking about now let's go back to 2017 to demonstrate the simple business model of big banks.
In 2017 before the futures every big financial entity was bashing bitcoin really hard ( Example: www.theguardian.com/...urrency-drug-dealers)
The reason why is that because they are simply making the weak investors sell in order for them to buy more and then manipulate them back into buying in ATH and then do this cycle again ,They use fear and greed in order to that...That's not just for bitcoin but for every other market in the past 20-30 years.
What is happening now is the same with coronavirus . Let's look at simple data:
-SPX is down 16.62%
-UKX is down 21.46%
-DAX is down 21.32%
And basically every other indices , And all for what ? A virus with 3% death rate (www.worldometers.info/coronavirus/) that the media made it look like the new plague ?
What i think this is ,Is the fear phase in which the week investors sell in order for big banks to buy .
Back to Bitcoin ,
The best regions to buy BTC from is 5800-6200$ (Very strong weekly support) and 7200-7400$ (Weekly fib + daily support)
Comment:
First Zone reached
Comment:
Second Zone reached