Back with another bear market update... We are about to capitulate and break down from our second ascending triangle (a continuation pattern to continue the down trend) which would lead us to an overall market cap of around the 1 trillion usd. Be aware that this market is very very tricky to trade and any movement can be a fake one! Overall I do expect us to end up around the 1 trillion mark and I expect support there unless the asset/stock market bubble pops. (which will happen eventually but when is the question, it can be this year or in 1 years time...)
Next to that I just want to add: when I posted bullish about KSM and DOT, both did pump another 5 to 10% from where I posted, however in a bear trend nothing is a buy and hold. So always understand that the long term trend is leading! If bearish and in profit, be ready to sell or put a stop loss in profit (like I did). We will get to the buy and hold phase eventually and the cryptocap will go to 10 trillion in the next 4 to 7 years, no doubt. So if in loss, just hold your fundamentally strong coins.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Next to that I just want to add: when I posted bullish about KSM and DOT, both did pump another 5 to 10% from where I posted, however in a bear trend nothing is a buy and hold. So always understand that the long term trend is leading! If bearish and in profit, be ready to sell or put a stop loss in profit (like I did). We will get to the buy and hold phase eventually and the cryptocap will go to 10 trillion in the next 4 to 7 years, no doubt. So if in loss, just hold your fundamentally strong coins.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Note
Rather flirting with support than with resistance… tomorrow will tell…Note
Note
Its happening…Note
Marry a nice person, not your coins.
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
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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.
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
Related publications
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.