@BitcoinBaby 14 September 2022 more from that month

𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 What a beautiful sell-off, Yesterday's sell-off made Coinbase trades get stuck and fail and many other exchanges that did not admit they failed during the enormous sell pressure we saw. Of course, the hope was to go below that 8.1% year-over-year inflation that was expected and just as Coinbase that failed. Failed by 0.2%. BTC dived 10% and dipped below 20K just because of a measly 0.2%. Now personally I think that or the market was blown up by hopium, which I do not have too many data points for. Or the market overreacted. BTC was doing quite well these last couple of days considering everything and yes it started from a short squeeze, but it kept up and broke the bear flag pattern. Before the news the 100-day moving average (MA) indicated the possibility of continuing this bullish trend. Plus the fact that the CPI was lower than the previous months, not as low as hoped but still very slowly trending down and at least stabilizing. I get the fear of the FED eating next week, but JP already admitted that he would keep fighting inflation so it does not really matter if we get two hikes of 75 points or one of 100 points and the next one of 50 points. The bottom line is that this news was not so bad, and the market reacted as if the world was on fire AGAIN. Now I still would go easy on buying this dip, as sentiment often does more to the market than facts and the fact is that sentiment drove BTC down 11% in a day and we still have that FED meeting in a week. But on the other hand, if you are DCAing the dip, buying a bit of Dip is always a good thing even if it´s just because you feel you bought it at a temporary discount. But of course, that is no financial advice, it´s what I will probably be doing. And I will try to flip that buy with 5-10% profit before the FED meeting next Wednesday. #crypto