down-graph copy.jpg

As per my last few posts where i mentioned to sell everything way back when the crypto market cap was at 800 billion $ plus and in my last post on cryptos were i mentioned to HOLD on to buying, as situation looks confusing during consolidation mode, but now the consolidation point of 430 B U$D as mentioned in my previous post has now been broken.

Here is the chart and will be explaining it as simply as possible:

As per the above chart levels, 475-500 B U$D seems like a major Resistance, and after breaking the support level and lower consolidation point of 430 B U$D, the first support lever seems to be 335 B U$D. However if that is broken, then markets may hit previous lows of 285 B U$D and test the level.

If the market hits this double bottom level of 285 B U$D Market Cap., there are chances of major panic, which can cause a sell off which means another buying opportunity. YES, If the markets breaks this level, wait for the panic and new low.

Conclusion:

Its very much possible that if this major panic occurs, we might see levels of sub 250 B U$D, but as said i my previous post, who all have been following me, i told to HOLD on to cash what ever is left. However im only holding 10% of the capital i had removed by selling cryptos at 800+ B U$D levels. But i may invest a bit more then the amout left with me to invest, ONLY IF I see 250 B U$D and below levels.

So be patient, and donot panic. As it will only make you loose on opportunities. Always remember, there is no asset like a real hard asset like gold, silver, platinum, etc. Cryptos should be only 20% of your assets max. I know every one here has a dream of becoming a millionaire, sometimes you are lucky, sometimes you are not. A lot depends on luck too.

If you donot understand which cryptos to buy during the panic, trust me, everything will fall. During this time, the best thing to do is to buy top 10-20 market cap cryptos (coinmarketcap.com), as mentioned in one of my previous posts. I mention this as there are many non techie people who would like to invest in cryptos, but donot know what to buy.

These are just my predictions, and not advise. However i follow my own research and analysis.

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