Hi friends, from the title i said be prepared for the big dump of the market and why im saying that ? because first, we all know that all altcoins without any exceptions are affected by bitcoin price, and i will tell you to open trading view, go to bitcoin chart and choose the monthly chart and you will see something will freak the hell of you, a big tall candles without any red candles and all indicators are showing an overbought sign so i believe we will see a very big dump soon..
what do you think?
Well if you are doing crypto for a long time, you should be expecting this to happen. Based on the historical data of crypto market, every 3-4 years bull market happens and it will run for 3-4 months then after that it will dump again and 3-4 years again after the next pump. Last 2017 bull run has a 9 dips before the end of bullish market, I'm not sure if how many dips this 2021 bull market. Also if you will check the "Wall St. Cheat Sheet: Psychology of a Market", we are in the stage of anxiety or denial. Meaning, the dump/dip that we are experiencing right now is not the final dump. Experts says that they are expecting that btc will fall down to $28k - $30k.