Hi everyone, I hope you are all having a fantastic day wherever you are :)
I have been talking about this for the past two weeks now. I wish I could get the message to more people, especially the ones who have entered the market recently. If you have bough your crypto four months ago or earlier then your still sitting on so much profit, and even if you decide to hodle, probably you won't see losses. But In my opinion I prefer to take this opportunity to sell and then buy again when we touch bottom.
If you entered the market just recently, I'm very sorry... The reason of these posts I've been sharing is to get new investors to think about selling on a little bit of loss instead of riding it all the way down.
Of course I could be wrong but basing my opinion in technical analysis everything points at a very high probability of a long bear run. To show people why I am saying this, I did a little bit of photoshop, kind of overlaying the chart from the last 2013 bubble (blue) with the current 2017 bubble (purple). 2013 & 2017 charts are almost identical. It's been happening all over again as you can see...
Even the chart of BTC/USD from 2013's top of the bubble looks very similar with the current 2017 from last week:
Conclusion:
Based on technical & fundamental analysis I think that during this week & next week the price of Bitcoin could go as low as $2200. Then during the next week or the following after it could jump back up to $2700, this would be the last chance to sell at the highest. For every other altcoin, especially in the top 20, I'm afraid is already too late for more pumps, there will for sure be a little bit of a pumping in some random ones but in my opinion it's impossible to predict which or when. I would not trade any altcoins any more unless it's for gambling. I personally sold all my alts for Bitcoins already & If I still had some I would sell them ASAP.
The market cap could go as low as $85B this week or next week. Then during next week & the following we could pump up to $110B, which would be the last opportunity to sell at the highest.
Re-steemit if you think this message should be seen by all the people who have entered the market recently!
As always thanks for upvoting & I would love to know your opinions :)
EDIT: I believe in cryptos, specially Bitcoin, for the long term. What I meant in this post is that this could be a good opportunity to sell high & buy low when we touch bottom. And for all of those who entered late, maybe think about taking a small loss instead of riding it all the way down. I expect Bitcoin to go as low as $1200 to $1500 if history continues to repeat itself. If so, then I'm buying them all :P