I always tell my colleagues that trade what you see not what you think or what you hear but i know some people are too defiant. They always ignore that advise, but when the tables turns, the market will prey upon them.
I foresaw this day coming before it had come, i always said 'now that the prices have set new all times high and there was news being released day by day saying crypto currencies are now going to the moon do not be left out. Instead of taking that call i just laughed and i posted my article warning investors that if you see news like this being released you have to be careful because whoever bought altcoins needs to sell them to realize his profit.
So to do that he has to encourage you to buy and he will be safe but you will be in hot soup and you will witness all the crashing and your portfolio will bleed out while you watch. Here is the current standings:
- Ethereum -40.18%
- Binance Coin -45.21%
- Polkadot -46.21%
- Internet Computer -52.76%

Ethereum. When Bitcoin and other cryptos were falling , Ethereum proved to be tough because it maintained its ground for so long. Like we all now, whatever goes up must come down and it now raining on Ethereum but its pouring. It fell so hard and tested $1,870 and that is where the bullish order block is. i am expecting Ethereum to go a bit further down till it finds strong support around $1,600 and at that level that is the safest zone to buy.
Binance. This one again tried to maintain its ground but always remember when bitcoin falls, it drags everything down with it to the ground. This one will fall to @230 or maybe $100 because that is where the bullish movement originated and it likely to hold that zone.
Polkadot. This one is down by almost 50% and there are higher chances that it will fall further down and it will be trading at $10 per coin. Only after the whole demand has been met and supplied then it will be safe to buy and hold.
Internet Computer. This one is a new kid on the block and 11 days ago it reached an all time high of $737.20 but now its down on its knees and is trading at $148.09 per coin which is a huge fall as compared to the other i have mentioned above. As for this one i can not tell its future movement since it is still making history, no levels yet to check on. Maybe wee nee some weeks to see the structure it forms then we can see whether we can buy or not