We have to recognize that the current market situation is more uncertain than ever these days.
It seems that BITCOIN is confined between two levels, 59K and 53K, resistance and support respectively, and any movement breaking one of these two levels could trigger either the ecstasy of the market or the perfect storm for the BEARS.
This reminds me of a series of books that I read as a child, they were called something like "Choose your own adventure" in which depending on the decision you made on a specific page of the book, it would lead you to a good or catastrophic outcome. The good thing is that you could read the book to yourself a few times and you finally learned how to get the best result.
The crypto world is similar...

(Source)

Whose side am I on?

My feeling is 90% Bullish still... I reserve that 10% as a safety margin. In fact, something more than that percentage is what I have "fixed" in stable coins today, ensuring and doubling my investment in this cycle.
I'm still Bullish for several reasons, the most important of which are:

• I am of the opinion that the DeFi culture is still in its early stages of expansion and adoption. DEXs are still few but promising after the implementation of TAPROOT on BITCOIN. Ideas such as those associated with the LUNA blockchain and its ecosystem of Stable coins can mean a turning point in this regard as long as centralized exchanges continue to ensure the liquidity of their main tokens (TERRA and UST). In fact, the latter is its weakest point.

• Then, technically, if this is the end of wave 5 of the bullish cycle, with hardly any FOMO, then BITCOIN will stop doing what it has done in the preceding cycles (aka EXTENDED FIFTW WAVES).

Theories in favor of a more widespread fifth wave are everywhere... the problem that I see supporting the idea that perhaps the fifth wave is already finished is that the trading volume is clearly decreasing, for the moment.

But it would be strange if it did not do something similar to the previous cycles.

• There is still a lot to happen in the near future. The MOST IMPORTANT is:

"In the third quarter of 2022 Ethereum is expected to switch to Proof-of-Stake. This will put an end to ETH mining on GPUs, and the 2Miners pool where users are actively mining ETH now is no exception. After the upgrade the reward process will involve locking Ether in a special contract."

The impact of this can be enormous if its deployment manages to be smooth and does not collapse all the smart contracts that work on this blockchain (75% of the DEFI included).

If VITALIK thus manages to increase the number of transactions per second (TPS) and reduce the GAS fee to levels that put ETH to compete directly with BINANCE blockchain, SOLANA, POLYGON, AVAX etc... then the DEFI / DEX revolution will be totally effective and unstoppable.

Perhaps, the impact that this algorithm change will have on the price of ETHEREUM might not be as explosive as we might hope, but the adoption of DEFI, DEX and NFT ecosystems will be much more attractive for everyone... well, for everyone No, we will have to see what happens with the other SMART CONTRACTS blockchains that seem to be in fashion today... in my opinion, BSC will have to offer many more advantages to avoid being branded as a super-centralized blockchain and other "glories" such as CARDANO is possible that they would be harmed if, at a technical level they do not advance deploying anything different.

There are many more reasons why to choose the side of the BULLS still, perhaps the most reasonable thing is to give the bull market one more chance although always with realized profits to ensure the shot (and that is in the event that we consider any stable crypto-coin as a safe coin, of course).

What about you? Which path are you choosing?

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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