"As a result a slump is created in the market when a lot of people indulge in profit booking. However, the slumps created as a result of profit booking are extremely temporary in nature. These issues get resolved and the stock price comes back to normal in a matter of days since there is no problem with the fundamentals of the stock. Profit booking are just temporary aberrations created by market sentiments."
no worry, this is your vision. As I see technically this can touch to range $1700 - $1800
Why? Will people pull out massively? BTC is so stable i cant see it happen
this can be number of reason, profit booking one of major reason. Technically $1700-$1800 is the range where this can be seen buy again...
"As a result a slump is created in the market when a lot of people indulge in profit booking. However, the slumps created as a result of profit booking are extremely temporary in nature. These issues get resolved and the stock price comes back to normal in a matter of days since there is no problem with the fundamentals of the stock. Profit booking are just temporary aberrations created by market sentiments."
Yes correct, you will find bottom very soon, instead fear keep hold or buy again at that level.