01-28-2023, 02:14 AM
Bitcoin is volatile, and for every violent price action, there's a violent price rea
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/10mrb5z/bitcoin_is_volatile_and_for_every_violent_price/"> <img src="https://b.thumbs.redditmedia.com/u5fbAW5dMDDCm_eoo_xCuDTSnEy79F-k1vld3XQ10rY.jpg" alt="Bitcoin is volatile, and for every violent price action, there's a violent price reaction. Yes, the price will eventually correct, there will be dips. But I wouldn't bet the farm on timing it. This is a market that could stay in FOMO mode longer than you can stay solvent." title="Bitcoin is volatile, and for every violent price action, there's a violent price reaction. Yes, the price will eventually correct, there will be dips. But I wouldn't bet the farm on timing it. This is a market that could stay in FOMO mode longer than you can stay solvent." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Be careful thinking you got this market figured out.</p> <p>That's when it can burn you.</p> <p>Sure it may seem like there has to be a correction.</p> <p>Many bulls got burned thinking the bottom was in. Or thinking we couldn't possibly go below $19.5K.</p> <p>And many bears are getting burned right now thinking we can't possibly go this high, and not for this long. </p> <p>​</p> <p>Here's where we are now:</p> <p>​</p> <p><a href="https://preview.redd.it/vt61lhnhhmea1.jpg?width=1905&format=pjpg&auto=webp&s=336751d9fff3b29ace2afd03e12bd9d705299ddc">What happened since last August.</a></p> <p>So far, it seems like we've erased the FTX losses, but also rose above the limbo/crab phase we were stuck in before the FTX crash. </p> <p>​</p> <p>To put more perspective, here's the full bear cycle:</p> <p>​</p> <p><a href="https://preview.redd.it/ma1rf2u3imea1.jpg?width=1817&format=pjpg&auto=webp&s=fb61189f8bc0864103103115bc8c25ae0f3ac654">The full bear market since the drop from $69K</a></p> <p>What I'm getting at here, while it may not look like a massive reversal, there is a growing shift in the trend that can no longer be ignored.</p> <p>And if this is the case, we could be in for more irrational fomo.</p> <p>Last time we were at the end of a bear market with a big shift and a breakout, the price didn't just stop at $6K, it went all the way to $13:</p> <p>​</p> <p><a href="https://preview.redd.it/gtz3pucbjmea1.jpg?width=1843&format=pjpg&auto=webp&s=ca5609176673e4208a29e72c50625cd51c9a8b9a">Watch out for these fomo breakouts at the end of a bear market</a></p> <p>However....</p> <p>Every violent action, has a reaction, so eventually we'll have a correction from too much greed.</p> <p>Here's what happened after we hit $13K at the end of the last bear market:</p> <p>​</p> <p><a href="https://preview.redd.it/p9vkw3oxjmea1.jpg?width=1850&format=pjpg&auto=webp&s=d2728c02073db014bb70e58e915e01a9468d5186">Every volatile action, has a volatile reaction.</a></p> <p>Welcome to the volatile world of Bitcoin, where shorts and longs get burned in turns...eventually.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/fan_of_hakiksexydays"> /u/fan_of_hakiksexydays </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10mrb5z/bitcoin_is_volatile_and_for_every_violent_price/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10mrb5z/bitcoin_is_volatile_and_for_every_violent_price/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/10mrb5z/bitcoin_is_volatile_and_for_every_violent_price/"> <img src="https://b.thumbs.redditmedia.com/u5fbAW5dMDDCm_eoo_xCuDTSnEy79F-k1vld3XQ10rY.jpg" alt="Bitcoin is volatile, and for every violent price action, there's a violent price reaction. Yes, the price will eventually correct, there will be dips. But I wouldn't bet the farm on timing it. This is a market that could stay in FOMO mode longer than you can stay solvent." title="Bitcoin is volatile, and for every violent price action, there's a violent price reaction. Yes, the price will eventually correct, there will be dips. But I wouldn't bet the farm on timing it. This is a market that could stay in FOMO mode longer than you can stay solvent." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Be careful thinking you got this market figured out.</p> <p>That's when it can burn you.</p> <p>Sure it may seem like there has to be a correction.</p> <p>Many bulls got burned thinking the bottom was in. Or thinking we couldn't possibly go below $19.5K.</p> <p>And many bears are getting burned right now thinking we can't possibly go this high, and not for this long. </p> <p>​</p> <p>Here's where we are now:</p> <p>​</p> <p><a href="https://preview.redd.it/vt61lhnhhmea1.jpg?width=1905&format=pjpg&auto=webp&s=336751d9fff3b29ace2afd03e12bd9d705299ddc">What happened since last August.</a></p> <p>So far, it seems like we've erased the FTX losses, but also rose above the limbo/crab phase we were stuck in before the FTX crash. </p> <p>​</p> <p>To put more perspective, here's the full bear cycle:</p> <p>​</p> <p><a href="https://preview.redd.it/ma1rf2u3imea1.jpg?width=1817&format=pjpg&auto=webp&s=fb61189f8bc0864103103115bc8c25ae0f3ac654">The full bear market since the drop from $69K</a></p> <p>What I'm getting at here, while it may not look like a massive reversal, there is a growing shift in the trend that can no longer be ignored.</p> <p>And if this is the case, we could be in for more irrational fomo.</p> <p>Last time we were at the end of a bear market with a big shift and a breakout, the price didn't just stop at $6K, it went all the way to $13:</p> <p>​</p> <p><a href="https://preview.redd.it/gtz3pucbjmea1.jpg?width=1843&format=pjpg&auto=webp&s=ca5609176673e4208a29e72c50625cd51c9a8b9a">Watch out for these fomo breakouts at the end of a bear market</a></p> <p>However....</p> <p>Every violent action, has a reaction, so eventually we'll have a correction from too much greed.</p> <p>Here's what happened after we hit $13K at the end of the last bear market:</p> <p>​</p> <p><a href="https://preview.redd.it/p9vkw3oxjmea1.jpg?width=1850&format=pjpg&auto=webp&s=d2728c02073db014bb70e58e915e01a9468d5186">Every volatile action, has a volatile reaction.</a></p> <p>Welcome to the volatile world of Bitcoin, where shorts and longs get burned in turns...eventually.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/fan_of_hakiksexydays"> /u/fan_of_hakiksexydays </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10mrb5z/bitcoin_is_volatile_and_for_every_violent_price/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10mrb5z/bitcoin_is_volatile_and_for_every_violent_price/">[comments]</a></span> </td></tr></table>