Past few days we've seen ETH jumping to the low of 18xx after a crazy climb to the top of over 4k ! I guess with money outflow from the exchanges and people just FOMOing and dumping everything especially with news coming out from China on stricter regulatory actions against those who are dealing with crypto is causing a massive panic.
Do you think its still a manipulation ? Do you think its just a bunch of fat whales accumulating by doing a big dump.
There are some guys who does trades using TA is estimating that the bearish markets are in and we are heading towards the 16-18k range in the longer term.
I do believe that we may actually see that after a small "relief" pump which we've seen today. But who knows what would happen. We may see more players entering these markets and a gigantic pump would be seen.
Oh well ... hope everything starts rising once more ... however there are opportunities in a bearish market. Just need to know where to look.
Cheers all and have a great day ahead.