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Why Elon Musk did NOT cause Bitcoin's crash… (My Contrarian View)

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Added by allcryptostaff
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It’s easy to blame Elon for crashing the Bitcoin and crypto markets. But truth is, there are 3 distinct reasons that I think better explain the massive correction and crash we say on May 19th, 2021. They have to do with whales/miners selling, general weakness in the market structure, and also something I call Sharks attacking leverage. If you want to better understand these causes so you can spot them in the future and not be blindsided by a huge correction that we should have seen coming, then give this video a watch and comment down below with what YOU think about my analysis too.

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Why Bull Market is NOT over: https://www.youtube.com/watch?v=oH7PpGtxlOA

Most Common Bitcoin FUD: https://www.youtube.com/watch?v=9rBi3xLVNLc

References & sources:
https://jarvislabs.substack.com/p/the-scapegoats-elon-and-retail
https://www.reddit.com/r/CryptoCurrency/comments/mt5odv/explanation_the_recent_crash_was_probably_due_to/
https://www.financemagnates.com/cryptocurrency/news/bitcoins-margin-effect-whats-really-driving-volatility-in-btc-markets/
https://cointelegraph.com/news/bitcoin-hit-by-2-7-billion-futures-liquidation-frenzy-what-happens-next
https://witter.com/twocommapauper/status/1397106939193085952
https://twitter.com/SolarEcoFund/status/1397303600293027842
https://twitter.com/DaanCrypto/status/1396094445725093889
https://www.reddit.com/r/BitcoinMarkets/comments/nl5jy3/how_crypto_derivatives_crashed_the_bitcoin_market/
https://www.youtube.com/watch?v=mPRFzuxYjCU
https://twitter.com/tradingview/status/1392605526576480257/photo/1
https://twitter.com/TennHedge/status/1389724617477132291
https://twitter.com/andrewjhay/status/1394508648131358722
https://twitter.com/BTC_Schmitcoin/status/1389285265290706948
https://twitter.com/Pentosh1/status/1392173357899079680
https://tradeproacademy.com/definition-of-market-structure/
https://twitter.com/dilutionproof/status/1399819031188738048
https://twitter.com/WClementeIII/status/1392883294988029959
https://twitter.com/thisisbullish/status/1392810756308185089

#Bitcoin #BTC #Crash #Correction #Reason #Analysis #Cause #ElonMusk #Crypto
Category
Crypto 101

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