When do I plan to get back into the cryptocurrency market?

When do I plan to get back into the cryptocurrency market?

In todays article I want to discuss with everyone what my plans are for getting back into the market. As of right now I haven't bought any crypto recently due to the crash we are experiencing. Although now is the best time to get in to make profit in the future I'm trying to catch the bottom or near the bottom. Although this isn't the best move to make as it's usually not common to catch the exact bottom, I would be suffice with just buying near the bottom. So that's what we are going to discuss in todays article. I'm going to go through when this is likely to happen and how to catch the bottom of the market. Before we get into the article I just want to state that none of this article is financial advice so please don't take it as such. So without further more needing to be said let's get into the article.         

When is the bottom coming

Before we get fully into this topic I just want to state it is extremely hard and unprobeable to catch the literal bottom of the dip. However my goals are to catch the near bottom of the dip or close to it at the very least. I think as of writing this article (7/13/22) that we still have another dump to experience before we start rising again. The reason I believe this is because we are for right now are just seeing side way action with not much upwards movement in price action. Currently the market is going negative so we could most likely see more downwards price action. However I'm not sure if this is what we are waiting for to bring in the bottom it could possibly go done gradually over the months and weeks as we wait for the Ethereum upgrade. Or it could all happen in one big dump. I think both options are equally possible as of now.  So for now we just have to see how the market goes over time.      

When to expect the market to pick up

Now what I believe is going to happen is that we will see the market drop catastrophically in one day. I believe the price level might drop to somewhere between $15,500 or $16,500. The reason I believe this is because the us our next level of support and will bring the price lower then what we've already seen happen. When this happens it's likely the market will reverse in anticipation for the Ethereum upgrade. Then after that we have the bitcoin halving to look forwards to which drives the market. Months before the halving is when the bull cycle typically come into effect again. However with these current macro economic conditions it's quite hard to tell where the market is going to go.   

My Final Words

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