Everyone got shocked today because of the massive dump appeared on the market. Bitcoin dumped from $12000 to $10500 which is 15% decline. But not everyone remember that the same situation has already happened.
Let's remember May 2019, Bitcoin has been growing sharply but suddenly dumped from $8400 to $6600 which is 27% decline. But then the price has come back quickly and continue growing upwards, drawing new highs.
The same situation can happen now: this massive dump candle was made just in order to trigger stop losses and liquidations, to gain more fuel for an upward rally! Let's see how it goes.
Let's remember May 2019, Bitcoin has been growing sharply but suddenly dumped from $8400 to $6600 which is 27% decline. But then the price has come back quickly and continue growing upwards, drawing new highs.
The same situation can happen now: this massive dump candle was made just in order to trigger stop losses and liquidations, to gain more fuel for an upward rally! Let's see how it goes.
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Website:
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Public Telegram Channel:
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Join Bybit with us:
goo-gl.su/ibF9Y
Twitter:
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Email:
ekstraruto@gmail.com
