Could we see a reversal to end the last week of the of month of May in a Green light? or is there still more down side to Bitcoin and the crypto market? while writing this article 05/24/2021 at 10:28 Hrs. Matic Polygon doing super well with a 59% upside Matic/Usdt and a 43% upside Matic/BTC. Vechain also doing well with an upside of Vet/ Usdt of 32% in the past 24hrs and many other coins that are pumping hard today, looking like we are about to go for the second wave of the bull market.
like I said in yesterdays report ( Are we entering a Bear Market of are the whales scaring of the NOOBS) The whales a plashing blood an causing havoc, creating panic all-around the crypto space. Making the rest of the market seem like a Flash crash, so that the Noobs with weak hands could go home crying to mama. Still not a clear reversal candle but in my opinion the worse is over for the crypto market. We found a safe landing with bitcoin retracing at 30k. ladies and gentlemen nothing can go up for ever, things need to take a break and cool off for a bit. But now the big institutional money is jumping in the market. those who bought the dip will see the best return on their money soon. This is so incredible that many that are new to the Market are going to be in for a surprise on their return. Now we are talking about regulation by the end of June Maybe the beginning of July by the OCC( Office of the Comptroller of the Currency) and the SEC (The Securities and Exchange Commission) chairmen Gary Gensler. they will both take action with cryptocurrency. he already proposed to congress to pass laws on the Crypto market two weeks ago (link below) . But before they do, banks and all the big money had to jump into the market at the cheap prices this week. you could call it a fire sale for the institutional money. this is why now you will have to give notice to the IRS, if you make any crypto transfers that are more then 10k. you think they don't know the market is going to do a rebound. hahaha. don't be gaolable.
let's keep our eyes opened for the next couple of days, to see if the trend continues or it was a fake raise to take your money. this way they pick up some extra money for another down turn to the down side for a few more days, still not a clear sharp-patent for a trade so lets not go into a trade to soon the dip already happened, but we still have lots of room for growth. make sure you money is in use case coin on meme. "its better to get rich slow then to get rich quick and loose it all in one day"
Jose Cruz
Money Making Machine blog
https://www.coindesk.com/sec-chair-gary-gensler-recommends-congress-regulate-crypto-exchanges
