Lots of people panicking, both on crypto twitter and around my personal circle.
'This dump is normal?'
'How can you be so relaxed?'
'I'm losing thousands, I can't handle this'
'I don't like to lose my moonies'
That talk, seriously. Get the fuck out of the charts. Every day I'm becoming more antisocial with such nasty behaviour.
You complained when the number went up?
Alright.
Don't get surprised if the number goes down then. You're not doing things correctly if you're feeling anxiety atm.
When we suffer this kind of nasty movements in such short timeframes I always do the same. I zoom out. I breathe, and then I think 'why' and 'for what reason' I'm here.
Look at the weekly chart for BTC/USD. We're at weekly support.
Lots of people are predicting 'the end' when we're stronger than ever.
We have been experiencing upside since March and the market needed urgently a correction, especially with all the Defi craziness which we experienced lately.
Did you hear that a chef exit scammed for several millions worth of ETH? This is crypto though.
In short timeframes, the panorama is quite similar. Lots of blood in the last couple of days, but nobody remembers the previous days in the green.
We still have a bit of downside though. IMHO ~9600$ is the key level here. I must admit that I'm feeling a bit of FOMO for purchasing cheap alts.
Fingers crossed for that range holding. If not, well... we'll have a few months more of accumulation (yay!) :)
Stay safe and don't do something silly. Keep yourself out of charts if you're feeling anxious. Spend time with friends & family, enjoy nature.
You don't want to sell a possible bottom. (everything carries risks I should say). In my humble opinion, it's risky to sell now.
It's also my first post from the new Leofinance interface! Long live LEO!
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