Thread by @DaanCrypto

1) Observation over the past 48 hours:

Yesterday, sentiment was at rock bottom. Any chart I posted showing hopium did very well in terms of engagement/likes etc. But i also got a ton of hate and just general toxic behaviour saying we topped out etc.

2) Today, the same updated hopium charts I posted yesterday, that ended up being true, have way lower engagement. This makes me think that people wanted the hopium yesterday but were too afraid to actually buy the dip and just sat it out didn't end up buying the dip.

3) I think there are A LOT of people left behind. $42K also never got there. I already mentioned a few days back in my group that levels like these usually get front-ran or just dump through hard. The first one being the most likely option in a bull market.

4) The likely result of this will be that people will keep waiting and waiting for lower on the sidelines until some random huge candle shows up and everyone fomos back in.

5) This is how it goes time and time again. Yet, in the moment, people are blinded by their emotions and don't stick to their plan. They are either too afraid to buy the dip or they even panic sell at the bottom.

6) This is exactly what the market is designed for and it's how the money moves from the impatient to the patient.

This is how the money is made for some people, and lost for the others.

I'm definitely not saying this is THE bottom with 100% certainty but it does look great rn.

7) The one thing i want you to take out of this, is to learn from what happens during corrections like these.

See how the sentiment is, how the market moves and plan your plays accordingly. These are the times with the biggest financial opportunity after all.