Bitcoin down 46K still falling!!!

[clemens]

I can see that both bitcoin but also the other coins are plummeting right now .. do we have any explanation for that?

Is it, the really big fall before the really big erection?

PS: Google translate is fun from time to time to I left it as it is

 

[kranj99]

Well these types of drops are nothing new. BTC is a volatile instrument. But volatility is just the price one needs to pay if one wants to be in this space. I first got in back in 2016 and been through many ups and downs. Right now, this does not feel like a bear market, based on past experiences. It just looks like a market correction. It may last a few months, but I don't think we've hit our market top just yet. We still have some time to go before we hit the top and the next real crash happens. Be patient, sit on the sidelines and ride it out...don't panic sell!

 

[369]

remember remember the 16th of december

 

[uplana]

remember remember the 16th of december

What will happen in 2 days? I'm not that much into crypto ?

 

[backpacker]

What will happen in 2 days? I'm not that much into crypto ?

I don't know why @369 mentions December 16th in this context. Currently all eyes are on Wednesday which, according to my calendar, is December 15th.
Reason: FED meeting Fed Meeting: Stock Market Ready For Faster Taper — But Not This

The big question is how much of the anticipated result of that meeting has already been priced into global markets. Nobody knows, hence market participants are scared.

 

[369]

15-16 dec meeting FED and ECB.

ECB may surprise everyone (in their alignment )

Also based on a ring analysis bitcoin will touch the ring between 15-16 dec and from past when doing so there was a heavy drop.

Now if you are aware of wyckoff schematics we are matching 1:1 from the last uprise from one of his schematics which also says big drop back to test basement.