Hi everyone,
Thisi is a post where I will write my feelings about what will happen in the Crypto market. If I am right, I will kick myself for not buying to follow my own advice. If I am wrong, I will kick myself for being wrong. Either way I lose. But maybe you've got thicker skin than me and can gamble your money.
Fundamentals of BTC, ETH and crypto in general have never been better. We are approaching levels not seen for a week and I think we will bleed more. I would not consider buying anything or any rebound nutil we see double digit drops of BTC a fewe times in a few days or at least 25-30% in alts.
Then money will come back into BTC, and people will sell off their alts to stack sats. BTC will reach 20,000 again around Christmas.
Then it is alt season like never seen before... der... or maybe in 2017. Then correction.
It would be great to see Polkadot or Cardano release news that they have networks up that are true ETH killers, and I think this could happen, so check for hints of news by them on social media.
ETH is attracting new interest from institutions and is nowhere near all time highs, so I think it is relatively safe.
And remember, shit coins are shit coins.
Biden may have bullish news for BTC. Maybe. But this is only for the end of the year 2020, the worst one yet.
TL;DR
BTC dump, pump with blood in streets from alts, then altseason.
See ya