Carry on my wayward son
It hurts me a lot , but it is time to admit.
This market is almost dead. Couple of month ago I've published a chart with different scenarios of crypto/stock correlation. I've studied the market a lot and in my opinion the worst is yet to come.
2018 has proven :
1) (THE MOST IMPORTANT) Investors do not consider crypto as an alternative for current financial system. For a large investors crypto's were risky type of assets, so when the whole market shrinks - risky assets suffer the most.
2) The stock bubble is about to pop.
3) Real momentum is GONE.
4) Today's volume is mostly created by traders who DO NOT CARE about the price.
5) An average retail crypto investor gone broke
6) The reputation of crypto is too bad nowadays to hope for a skyrocket recovery.
7) China is not catching the knife.
What will happen next?
1) THERE IS ALWAYS A CHANCE , even though there is no hopium left to smoke.
2) I call DOW at 22000 by EOY , BTC to 5000
3) When people will understand that BAKKT & ETF do not make any difference , cause there is no demand - we will see a new part of The Crimson Rivers.
4) I call the bottom at 3300-2900 by 2020 , and a rise then if market can survive .
My advise for the HODLers - SELL
If you are willing to wait for 5 years or so - this is what I reccomend looking at ZRX,KEY,XLM,BTC,TRX,IOTA.
Sorry to disappoint , but we all lost something here. TAKE CARE!
This market is almost dead. Couple of month ago I've published a chart with different scenarios of crypto/stock correlation. I've studied the market a lot and in my opinion the worst is yet to come.
2018 has proven :
1) (THE MOST IMPORTANT) Investors do not consider crypto as an alternative for current financial system. For a large investors crypto's were risky type of assets, so when the whole market shrinks - risky assets suffer the most.
2) The stock bubble is about to pop.
3) Real momentum is GONE.
4) Today's volume is mostly created by traders who DO NOT CARE about the price.
5) An average retail crypto investor gone broke
6) The reputation of crypto is too bad nowadays to hope for a skyrocket recovery.
7) China is not catching the knife.
What will happen next?
1) THERE IS ALWAYS A CHANCE , even though there is no hopium left to smoke.
2) I call DOW at 22000 by EOY , BTC to 5000
3) When people will understand that BAKKT & ETF do not make any difference , cause there is no demand - we will see a new part of The Crimson Rivers.
4) I call the bottom at 3300-2900 by 2020 , and a rise then if market can survive .
My advise for the HODLers - SELL
If you are willing to wait for 5 years or so - this is what I reccomend looking at ZRX,KEY,XLM,BTC,TRX,IOTA.
Sorry to disappoint , but we all lost something here. TAKE CARE!
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