BTC has dropped, whats next?
As we can see on this messy graph every top has been the result of an accumulation period. What people expierence and remember is the distribution. Heavy volatility with extreme price action. Now every accumulation period has been halve as long as the previous one so i think we are currently entering a new accumulation period untill 2022 we might test 50k in the process but we are inversely heading for more capitulation as people are still bullish currently, we are still going to bounce right? Just hodl. Im conviced that the current development of the crypto markets have shown that crypto is a echobubble of emotions. Its a short period of extreme greed and a long period of depression where people dont care and think its over that depression period is when you buy and that time is not now as people are still consumed with emotion.
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