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>> No.12928943 [View]
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12928943

>>12928817
PAY ATTENTION FAGGOT

THESE "FUNDAMENTALS" THAT YOU THINK SPARKED THE LAST BULL RUN DONT MEAN SHIT.

BTC AT $1 IS THE SAME THING AS BTC AT $1000 THE ONLY THING THAT CHANGES IS PEOPLES PERCEPTION OF ITS VALUE.

MARKET TRENDS HAPPEN BECAUSE OF A SHIFT IN THE BALANCE OF SUPPLY AND DEMAND. WHEN BTC REACHES $20,000 AND EVERYONE BOUGHT IN WAY CHEAPER, THE SELLERS GAIN CONTROL. PRICE MOVES DOWN AND SENTIMENT TURNS NEGATIVE. ENTER THE BEAR MARKET.

BULL MARKETS BEGIN AFTER SELLING PRESSURE HAS BEEN ABSORBED BY A NEW ROUND OF BUYERS. ONCE THE SELLING PRESSURE IS GONE AND PRICE BEGINS TO MOVE UP, SENTIMENT ONCE AGAIN TURNS POSITIVE AND THE TREND CHANGES.

THIS IS CALLED MOMENTUM.

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