Hello Dear Traders,
Today We Witnessed Great Dump of 2021, Last Dump we saw in March 2020. Last Monthly candle closing we seen Bearish after 6 months of bull run.
bcoz of last month we seen this dump. FUDs are so many like elon musk and china bt chart gave early indication of possibility of reversal.
Almost 1.3 trillion dollars wiped out frm Crypto Market cap. When btc Dominance started to rise alts started dumping.
My Personal View on this Dump is in last 2-3 weeks we seen crazy hype on meme coins like doge and shiba. many new noob crypto investors came into market to get rich quick with this shitcoins. Whales played very well here, they know tht these new crypto investors are greedy people and have zero knowledge of financial market. its very easy to trick with there emotions, every new crypto investor was waiting for massive altseason like 2017 bt they were ignoring the fact tht altseeason is going frm last 1 year. Elon musk and these meme coins destroyed this crypto market.
When BTC tested 30k area we seen very good amount of buying pressure, once again we will test 34-35k area. market is extremely bearish on higher timeframe like monthly and weekly.
Be Careful...
Today We Witnessed Great Dump of 2021, Last Dump we saw in March 2020. Last Monthly candle closing we seen Bearish after 6 months of bull run.
bcoz of last month we seen this dump. FUDs are so many like elon musk and china bt chart gave early indication of possibility of reversal.
Almost 1.3 trillion dollars wiped out frm Crypto Market cap. When btc Dominance started to rise alts started dumping.
My Personal View on this Dump is in last 2-3 weeks we seen crazy hype on meme coins like doge and shiba. many new noob crypto investors came into market to get rich quick with this shitcoins. Whales played very well here, they know tht these new crypto investors are greedy people and have zero knowledge of financial market. its very easy to trick with there emotions, every new crypto investor was waiting for massive altseason like 2017 bt they were ignoring the fact tht altseeason is going frm last 1 year. Elon musk and these meme coins destroyed this crypto market.
When BTC tested 30k area we seen very good amount of buying pressure, once again we will test 34-35k area. market is extremely bearish on higher timeframe like monthly and weekly.
Be Careful...
