Hello Steemians I hope you are all well
In today's video by Crypto Daily we look at the psychology of the Crypto Market and the Wall Street cheat sheet and discuss what stage of the market cycle we are in now. Capitulation, Anger or depression? Either way we should soon be at the point of maximum financial opportunity.
Crypto Daily also gives us a few theory's about the current Crypto Market situation including -
Two Bitcoin billionaires dumping their coins to fund their hash wars. Obviously this would have a huge impact.
An ETF is more likely now that institutions feel like they have not missed the boat. Apparently there's a Wall Street saying that goes - "when retail investors miss the train, they miss the train. When institutions miss the train they bring the train back!"
The third theory is that Cryptocurrency was massively overbought and needed to correct, and was a natural correction with no manipulation.
Personally I believe it is all of the above, with plenty of manipulation and collusion at many levels, even on levels we will never hear about!
What do you think?
Continue to do good things
Thanks for your support it's much appreciated
Source - Crypto Daily (YT channel)
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