We are waiting for sign of recovery so our normal signals and everything will be back.
Now, main question is why BTC is falling? Is this the end of crypto?
No, it is not the end of the crypto! Big guys are in game and it is easier for them to short market and make money then to go long. I do believe that this correction ( not in short-term view but long-term ) will last untill we reach at least 5k but probably even more to 4k. Once all weak hands are out, they will stop shorting it and we can expect long-term bull run!
If you want to buy BTC with cash. I think you will be able to buy it cheaper. Maybe price can spike up to 7.5-7.8k because keep in mind that correction is not straight line down! It has also small uptrends but overall trend is negative.
I am just checking all these channels and they are very bullish, I told you at 8k my prediction ( scroll up to check it ) and as you can see it is already down for 15-20%.
I am not going to tell you what you want to hear, I am going to tell you the truth and my opinion. I am not the best, I make mistakes too but I will never lie and say something that I do not think it is going to occure!
Share with your friends, help them understand the market! It is short-term problem but long-term it is not a big deal! Of course, if you invested more than you can afford to lose, then it is huge problem for you.
Maybe, the biggest proof of manipulation is this: https://firstname.lastname@example.org/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a
There is not FUD now, no one is banning BTC but it is going down! Why?
Manipulation! It is easier to short BTC than to go long for equal gain!
Also, these that are not owning BTC heard rumorrs about BTC at $3k and they are sharing that every single day! So, whales are not the only problem for BTC price.
This is proof that crypto market is regular market it is going through uptrends and downtrends!
My advice for you?
If you have $ and willing to invest, wait! You can buy cheaper, I am sure!
If you are in BTC, then in my opinion, it is too late to sell because if you sell under 7k and hoping to buy at 5k hmm not so big gain but high risk! If you know margin trading, then probably you can short it without selling BTC and probably make some money!
My biggest problem now is what to do with ALTs. When you say alt coins it is not easy to say hold or sell. It depends which altcoin you are holding.
We didn’t expect so long correction. We thought 2nd half of March will be better and we waiting for sign of recovery but it didn’t happen.
Once we find that sign, you will get info! We suggested only 2 things in march:
1) Selling ETH at 0.08BTC and buy signal is not shared yet ( It is around 0.055BTC at the moment so you could grow your ETH nicely )
2) Selling BTC around $8200-8500 into fiat ( I know it was shared in paid group but I think I mentioned that here too but I am not 100% sure ).