The past few weeks have been brutal. Several YouTubers I follow are confused and are taking their best guess and using technical analysis and comparing the current cryptocurrency market with the Wikoff model, but the market is not really trying to follow a particular model from my perspective. Notice how the market goes up by five to 20 percent then goes back down to a bottom it previously reached a day or week before. 

With the number of institutions and whales in the market their volume of transactions can or is influencing the market sideways motion of making larger purchases and then selling a large number of bags to make a profit. It appears the retail investor is along for the ride to be on the rails of the larger volume traders. Personally, I would say I don’t care because I am in it for the tech, but reality is we all like to receive gain in the short and long term. Unfortunately, short term gains are few unless you can stay ahead of the larger traders. 

In the short term, I am continuing to buy small amounts sporadically in about $100 a week of Bitcoin or altcoins. I am here for the long term and hope not to dwell on the sideways trend and see lower values and pray that the rocket to the moon is around the corner.