A TOTAL Disaster (Crypto About To Lose 500$Billion Cap.)

2 Okt

The TOTAL Cryptocurrency market capitalization is about to drop by 500 Billion dollars ($500,000,000,000), more or less.

The chart is showing a clear downtrend and after a reversal at the MA200 resistance line, we are seeing the continuation of this trend.

It took the market a total of 53 days to cool off from the early August crash.

If we ignore the 5-August candle, there is a lower low between 6-September and 5-July.

We are expecting another drop, likely the final one of this corrective phase. I say likely because there can be another one in November and this can produce a higher low just as it can produce a lower low, this is something that is yet to be seen. The same situation as in 2022. Rinse and repeat.

We can be sure that the bottom is set in 2024 and that the recovery will also start in late 2024.

We can be sure that 2025 will be growth, bull-market and new All-Time Highs all across. Stay strong.

Protect your capital. Withdraw, sell, run... Do whatever you have to do to stay safe. It is not easy to navigate these markets, but we have been receiving warnings for almost 7 months now, if you get caught in the next one, nobody to blame but yourself.

After the market go down it will go up.
It is going down after it went up.
It was down before growing in 2023.
It will move down again after peaking in 2025.
It is just the way it is.

Knowing this, we can trade and be successful but that is only if we can let go of our own prejudices, assumptions and biases and learn to read the market, the charts and the data for what it is.

➖ When it is going up or set to go up, this is bullish.
➖ When it is going down and set to go down, this is bearish.

Nobody can argue with me.

I know we can have different views and opinions;
I know we are entitled to our conclusions and ideas;
I know we are all one but we are not the same.

This doesn't change the fact that the market has been going down and we are here to state the facts and to do the best we can.

I am grateful for your support.
I write because I care.

I try to share what I see and my goal is that you can see what I see and can use this information in the best possible way.

We just follow our hearts and let the market take care of the rest.

Thank you for reading.

You are appreciated.

Namaste.