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?
It's expected to happen, 2021 we are still up and bullish even though after the Tesla announcement and the Elon Musk tweets about bitcoin where they will not support bitcoin anymore or accept it as payment.
I mean no need to worry since it is impossible for the market price to go very low these days, there will be a huge resistance below 30k$ for sure.
Honestly, I like this dump since I could still accumulate more bitcoin if this continues and that gives us more time to buy more of the other potential altcoins for a lot more profit. Dumps are not negative, and its not a good time to sell after all red market means buy and the green market means sell.