CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
This is just 1 of the scenarios, obviously it will not go exactly like this but i do believe that it will somewhat resembles the upcoming moves. and the bottom will be around 600b - 700b, before the massive alts-season play out.

So i think the correct plays at this time are:

1/ Hold on to your coins and add more later if you still have cash.
2/ If you don't have cash, it's wise to stop over-leveraging , just hold and stay away from crypto for a while. the bull season is not likely to happen anytime soon, but i do strongly believe that in q3 the bull will gain back momentum and a massive altcoins-season will happen in q3-q4
3/ If you haven't invested in crypto yet then just 1 simple advise is to average cost from here to June or July , don't try to catch the bottom because nobody can.

Overall i don't suggest anybody to sell now, don't short, don't leverage. Just start accumulating in the next couple of months. And hopefully, it might be a real life-changing event when the altcoins-season eventually happen.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.