Total market cap is currently around $134 billion, BTC dominance around 54%. What a huge shit show these last weeks. Our $5200-5500 target was easily broken with a double bottom at around $3700. With this small market cap and whales playing the market, anything is still possible. Big OTC trades have been going on without any influence on prices on exchanges. The shake-out we warned you guys for, is bigger as expected..
Our current strategy is still playing the safe card. Have some Fiat ready for another drop, short term chances are 50/50 at this point. As well for BTC as all the altcoins.. We should have seen a much bigger bounce from the bottom levels, so a bullish scenario is still far away unless we have a big run up to 6k. Another shakeout mid-term with a new low is more likely and our new bottom could easily reach the 3000-2800 zone. Do not, however sell your current btc or altcoins. Accumulation is the way to go at this point, even if you bleed a little in the short term. We could be in a doubtful area right now, but these prices will be considered as dirty cheap in a couple of months, so don't miss out...
Don't panic if you were bleeding these last weeks, don't even panic if prices drop another level, a big bounce is due, and it might take a little longer, but it is on its way. We have enough proof of very large investors and companies that have been accumulating crypto this entire bear market after they tries to drag the price down. Once accumulation is over, we'll have some bright days ahead. A true bull run will come when new small investors enter the market. That is when we will will hold for the longer time instead of taking profits every bounce up..
Stay strong, and don't be afraid to buy those big red candles around 2800-3000 if it comes: price should bounce hard at these levels. Buy the blood
I have come to realize that despite the technology blockchain technology and cryptocurrencies offer for the benefit of humanity, the people have actually felt its importance into changing the world. The real fact about it is that many businesses will get caught and the issue of transparency is the thing that they wanted to flee off.
Its when crypto-market finds a way to assure investors that the coins cannot be manipulated or so the coins will be held by investors seeking to make business out of the cryptocurrency and find a way to stop the whale manipulating the prices.
Either that way, once a lot of investors starts to realize that the media and large whales are manipulating the price, making individual users and small businesses hurt. They will get the bag and make it as token utility.
The crypto market is a very volatile and unpredictable market, so the bull run can start at anytime. But if we're to go by it's short history I'd say the bull run will start in the later part of this year, maybe beginning from October down through December and into the first few months of next year before it would start to deep again due to the heavy dumping of coins and tokens alike.
I guess this is a hard to answer question. There will be a bull run somewhere but I guess no one would know when that time frame would be or how. The only guild line now to find out if there is a bull run or not is through the charts of crytos. If it really hits below a certain low, there may be a chance that it may go up somewhere but how high, It's hard to predict at all.