Not out of the danger zone just yetHello beautiful person!
Oh how long it has been since last posting in here, and I am sorry for this late post.
It truly has been a very interesting month, and with this correction?
It is a strong theory that the correction we experienced this week was manufactured by or by someone in F2Pool. This was evidence due to onchain analysis of wallet addresses and the speculation is that they wanted to earn money from shorting and selling and buying less expensive BTC on the way in again.
However, this is speculation, but there are now people that have placed alerts on certain addresses from F2Pool so they are aware of next move from them.
Just wanted to pop in here and give you my next 5 cents that this correction might not be over just yet, so be careful with your trades.
There is not much volume seen in the market just now, so the bounce might be a "dead cat" even though the ALT market seem to be green.
Just a word of caution.
For myself, I have loaded up some more FIAT that is ready on the side line, if we do get more correction
As you can see from the trend line that I had drawn previously, it is absolutely still valid.
If this holds, we are still in a strong uptrend.
As always, be safe out there and happy trading.
