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Incredible bounce Back in Crypto!

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@bearbear613
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The overall market has not changed. Yesterday's 20% flash crash in crypto has in my opinion nothing to do with the market's underlying conditions. Sure I was down like everyone else; but compared to what?

Sometimes we become numb to the green candles and pumpamentals. Again this whole market is mental so we ourselves become some what expectant of those green candles to continue. When the break down happens those of us in crypto always wonder if the bull market is now over.

Yesterday I had posted that the BULL MARKET is still on. Of course we could break down again; but it seems counter intuitive especially when BTC miners collude and dump at the same time. Many of us are pretty sure the game in that respect is rigged. While Miners Dump, they short on another exchange and buy back in very cheap. With institutional money still pouring in I wouldn't be surprised if more rigging comes along with price increases.

We will know shortly if more dumping will continue. To be honest we were warned a while back as exchanges received a big chunk of BTC ready to 'trade'. When the volume on exchanges increases we know a dump is coming. This all depends on greed and since BTC is not exactly easy to control; neither are the whale dumpers. BTC is still in a speculative market. Once it's market cap increases to sizes that are some what immune to these huge dumps; it's true price will emerge.

The only bet I'm taking at this moment is that we are still in a Bull market. Of course this could change tomorrow if more and more dumping persists; but I have a feeling the mining pools are not ready to hang up the RTX 3080 just yet.

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