I am tired to saying this but Cryptocurrency does not follow all indicators you would use on stock market at 100% accuracy. Cryptocurrency is different guys.
With that said, I am aware that some of you guys are in this for short term and are worried that you will lose your investments. If you're worried about it, then simply set stop losses or move to fiat. If you have been following me for at least few weeks, then you know that cryptocurrency likes hodlers.
With that said, make your own conclusion and never invest what you're not prepared to straight out lose, also remember that we are not your financial advisors and I wish I could stop saying this on my charts.
HAPPY INVESTING and GIVE A LIKE FOR SUPPORT - remember that we do these charts for free out of kindness in our hearts! You may agree or disagree, but we try to do our best!
let me know what you think, you actually are a very rational chill analyst and arent just spouting doom and gloom? Is cryptos a self fullfilling prophecy from here?
In recent study conducted in Germany, only about 54% knew what Bitcoin was and less then 5% held anything in cryptocurrency, I think it was around 1% even, but I'm not 100% sure on numbers here, but just for overall understanding I think you know where I'm getting at. We are just in the beginning of a long road ahead of us.
To answer your first question on whether I think there are powerful individuals or organizations trying to manipulate or control Bitcoin... Absolutely, and I believe that they are doing everything in their power to get control over it. But here's another point of view for you... Banks are one of the most powerful establishments on the planet, for whom Bitcoin and Blockchain is just an obstacle. Why not fight back? They do fight back, but I think you can see here who is winning and it's not them.
All these corrections and etc are normal. You can't have constant growth or stability in market where FUD can push price up or down in short term within minutes, but don't forget about natural growth, path which Bitcoin and all cryptocurrencies are following, from which is is impossible to steer Bitcoin away from!