My blue wave BULL plotter analysis reveals on a daily timeframe; this is a natural downtrend, does not always happen at the beginning but happens after BIT has been up by so many thousands.
A few ways to explain this
1. Was this a genuine BULL RUN? YES
2. was this a BULL TRAP? YES. Will we have like I said before lots of bull and bear trends? Yes
3. Will BTC continue to BULL RUN? The answer is yes because my BULL PLOTTER as I also match with my analysis has confirmed it.
A. Who are the ones affected here? The retail traders who entered the trade late and then sold for some losses.
B. I’ve explained yesterday before BIT started its 1D BULL RUN; many retail traders were on standby, as many enter the trade, price pumps but also devalues because of so much added revenue. This method also always happens to ALTS.
Example: ALT COIN starts to BULL RUN:
1. The stand by traders join
2. Some traders wait for a pullback
3: during the downtrend pullback, some thing it’s the end
4. Those who know their trading system know it’s not over so they enter, etc. This ALT then as it began to dip, usually BULL RUNS with MASSIVE BULL POWER within 1 to 3 days.
5. Other traders who know about this, it’s then a confirmation for them to enter.
Same thing happens here so stay calmed.
BITCOIN will resume.