Yes, the damage is brutal today. Yes, compared to about 6 days ago nothing feels the same. Yes, it hurts and makes you doubt every single choice you have ever made.
Was it the bottom? I don't know. I guess no one really knows, but when looking at stock-2-flow this is all part of the initial plan and is it the half way dip. If that actually is, time will tell.
But zoom out for a little bit just for a second, leaving the sentiment next to you. After blockfolio hanging on data, and coinmarketcap hanging on data I went back to good ol' coingecko and they have stats which always help.
So with the 7 day average the also have the day average and the 1 hour chart. And what you see there is that in the last hour after that bounce, I guess also a lot of people made a lot of money again.
A lange part of the market is sentiment driven and I guess if you have just stepped in this is also not your best week, but humans are more predictable than we would like to acknowledge.
So could we still see turbo high gains? It could be. Could we still see a gigantic leap to the next bottom, still the same is possible. Who knows.
I know I bought back lower than I sold so this week isn't all that bad all of a sudden. The blood is in the eye of the beholder
