Bitcoin: Crypto Market Crash?

The big question on everyone's mind: Are we in a full blown Market Crash?

We very well could be in a "Recession" says some the World's top financial advisors along side some of the most notable Internet Influencers. While the United States President is blaming the Russia & Ukraine conflict for the "elevated inflation levels" like it wouldn't exist without the conflict.

The March 2020 crash didn't happen again or is it in the works as of now? That is a very well possibility. When we started breaking out of downtrends the charts were saying we was headed down towards $28K to $32K levels.

I warned a lot of people that while I was bullish then and I continue to remain bullish now in spite of a temporary pull back. That those conditions didn't seem like they was going to hold up very well and they could of been a bull trap lead by some predominant internet influencers.

The sad truth is that we will deal with scenarios like these for a long time to come. You have to be vigilant on whom you chose to follow. Further more, you shouldn't ever invest into any crypto currency and or assets without due diligence. After all you wouldn't buy a home with out having it thoroughly inspected, would you?

The most important thing to keep in mind is that I am not a financial advisor. I am merely a person just like yourself that enjoys crypto and loves technology. I do also enjoy the pleasures that money brings, but I am not driven by greed. That is why my investment strategies an plays may not be the best for every one.

While a lot of people are thinking about next month returns, I am focusing on the next true Altcoin Season returns. The bear market is essentially nothing more than a majorly discounted price on your favorite crypto currencies before new price discoveries at new all time highs comes into play.

The end goal is financial freedom and I look forward to sharing my journey with all the failures and success stories along the way. I have faith that together we can all make it to financial freedom. The power of like minded individual whom believe in the same thing is extraordinary.

Just take a minute to rewind the last 13 years of crypto's existence. The growth, adoption and faith in crypto just keeps rising. The truth is more people trust a computer now-a-days that is programmed to the same thing every time over a crooked politician that will sell out his own country even defying his/her own beliefs just to line their own pockets at the cost of those they are sworn to protect & serve.

That is why Bitcoin is a Major Deal!

Bitcoin: $39,600 Where Are We Headed?

Bitcoin is currently just below $40K and really needs to find that support level up above $42K which is still possible but, more than likely we will spend several days in downward price action towards support at $37K with the possible wick down to previous targeted lows $28K to $32K

Assets have long since been a hedge against inflation in times of "Market Uncertainty" and "Rising Inflation" the wealthy chose to hold assets that appreciate in value as inflation grows. We have seen time and time again what Bitcoin does when "Governments Print Money."

The demand for Bitcoin sky rockets. I find it extremely hard to remain Bearish for any amount of time towards Bitcoin. When you take failing economies, supply chain issues that are all caused by propaganda, a.k.a. Covid. You combine all that with greed and a republic that is fed up with the games.

You have the perfect storm for a currency reset. Now think about all the laws going into effect by the Country that holds the Reserve Currency Status. The United States knows it's USD had a 140 year expected life span from the start.

The same United States Government that despite appearances has done everything possible to crash the World's economies while pushing crypto adoption in ways that would appear the opposite until laws started being written along with research and development of the "Fed Coin" that some influencers have dubbed it.

Take a long look at all the supporters and the reach of their money. Yeah, we know politicians are easily persuaded by money and it appears that crypto lovers have been playing ball with politicians for awhile, especially when you learn that now President biden had a large donation to election campaign by a top ceo of a really popular exchange.

We will weather the storm and hopefully prosper as it clears with out major losses, but we must follow Bitcoin closely these next two weeks, which is when I was originally calling for a major break out. I still haven't changed my mind about the major breakout and doubt I will.

Bitcoin Cash: Holding up nicely.

BCH: currently around $300 after a current low of $290 down close to 26%(estimate) and still following the same pattern as Bitcoin. You will hear me repeat that point in almost every post about crypto. The reason being is a lot of people don't understand the correlation between Bitcoin and the entire market.

The same correlation with USD and trade markets?

SHIBA INU: Whales are buying!

SHIBA: I personally find it really bullish that considering the current market trends that whales are buying a lot of alt coins that signals we are entering a major accumulation phase which would signal a bottom leading into another bullish cycle.

Then again it could merely be a power play short term that leads to a lot of people losing some major cash.

Summary:

"The best time to buy is when their is blood in the streets." The blood has bee spilt, wounds were healing as everyone was gutted again...is now the time to buy?

I personally have been buying crypto on the dollar cost averaging system for some time now. When I am holding a crypto that I believe in, as the price crashes I like to load up on more when it appears to have hit a bottom.

Than I take the total cost of the crypto and divide that by the amount that I hold, hence the Dollar Cost Averaging System. This works out good if you have a solid project like BCH, BTC, HOT, SHIB, YOOSHI, ELON and a bunch of others that are extremely undervalued right now with the potential to go lower offering an even better discount.

Over the last bull market we seen the Total Market Cap hit $3 Trillion Dollars with an estimate of hitting $7 Trillion Dollars during the next bull cycle. Ideally with a market cap like that, you should see a minimum of 300% gains across the market during the next cycle.

That is just one of the reasons why I remain bullish.