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?
The big dump is happening already because of the latest news that china said "bank should block bitcoin transactions and this very sad to read, I'm seeing all the crypto market price going down huge especially ETH and BTC right now. Many people are panic selling and the bear is back again to slash the bull.
china "always" said it many time when bitcoin price soar, but everytime it happen cryptocurrency being stronger and stronger than before. big dump will still continue till their bank get alot bitcoin in lowest price this year. i am confidence to say, all of this only their strategy especially giant bank in CHina to growth their assets by buying cheap bitcoin .