What Next for Crypto??

The 'Cry' in 'Crypto' is clear now more than ever as investors are shedding tears having lost over half their money on Bitcoin having bought the $68k top. Adding on to the fact that actual buying price is usually about $2k higher and in some cases even $5k more, all the more reason to cry harder.

In my view, I expect a deeper decline to $28k, then from there onwards there should be a good reversal at that low, even if it's a deadcat bounce I honestly expect something like a retracement at least. The $28k mark is a key support level as you can see looking left in the past & even in last year's bear market that's where the price reversed & the bull run resumed and a new ATH was made, this time I can't exactly say that I expect a similar situation but what I do expect is a steeper correction.

I day-trade on bitcoin especially during such major price movements because the short-term continuation patterns that form especially on weekends are usually accurate & highly rewarding. 

Do I hold any bitcoin myself? Yes. Holding crypto can be considered an extreme sport if you're holding for the short-term or when you invest money you need. I invested money that I probably won't need for the next 5 or so years so short term volatility isn't anything scary to me. And if you are thinking of buying for the long-term then the price you get in now doesn't really matter, Bitcoin is still cheap.

ATH, all-time-high. NFA. 

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