Even now people are WAY too bullish. This shit is going to get worse. Much, much worse. When you feel like you want to quit. When crypto twitter is silent because the've driven their rented Lambo's off a cliff, when you are sure the future of finance and freedom is going to 0. Thats when you BUY!
The 2014 bear market bottomed just shy of the 0.886 fib. That makes it a sensible target for the 2020 bear market too. I'll be looking for longs under 2500 with an 'ALL IN' at 2350 or when the DoYouMex indicator fires - which ever comes first.
I also believe the worst still has to come.
Right now the whales are selling, to cover all their other losses.
They keep up the price around 5000, so they can sell quietly.
Selling this huge amounts takes time.
Some of them will leave crypto forever.
Lots of small investors also leaving or waiting for what will happen next.
So this market has to make some steps down.
Right now the whales are selling, to cover all their other losses.
They keep up the price around 5000, so they can sell quietly.
Selling this huge amounts takes time.
Some of them will leave crypto forever.
Lots of small investors also leaving or waiting for what will happen next.
So this market has to make some steps down.