The market soon is turning bearish and all my previous posts are about this event. But it is not going to be immediately. I still have a hope that it can have another spike upwards, a boost that will prolongue this bull run and send all assets to the moon.
The freaking moon is what we are expecting, it is there for many that entered early, but I have not seen it increasing rapidly as many of us expected. This is for BTC, because many other alts did that already. Cardano is an example of an asset that hasn no platform ready, but still made it to the moon just because of the popularity it gained with strategic marketing moves.
Dogecoin is one more that mooned and was followed by thousands that were talking about it everywhere they went. When too many are acting like that the top is very close and whales will be doing anything in power to find higher volumes.
They dumped their Doge and still have another 80% of the total circulation to keep dumping. So that was Doge, a waste of time, money and energy for the cryptocurrency markets. A useless coin that nobody cares a lot, nobody will take it seriously and only Musk will keep tweeting about it.
WE have Bitcoin stabilized at 50k after a huge dip. Which again,wasn't the main dip. This is just 20% dip and I'm expecting a 40% from the top, with a failed secondary attempt into heigher ATH before we have the bear market start.
For the time being I am loading with BCH, as Bitcoin Cash is the only asset that is still far from a fair valuation, it is down 20% too from recent highs and can easily perform and reach $10,000 even without a serious bullish momentum.
Bitcoin Cash can make it alone to $10,000 and become a cryptocurrency with hopes of succeeding Bitcoin. It is Bitcoin anyway, but needs more acceptance by the crypto community.
Bitcoin is trying to forget the recent fees fiasco and the centralized mining. Maybe one more month left, as I said in previous posts, maybe two.
We will know by the end of May.
The altcoins have potential to make good trades and very high risk, with rekt being the most probable outcome for anyone investing right now.
I would only select Bitcoin Cash as I said, just because I don't see BCH following in a huge dip Bitcoin, but it can take an opportunity and reduce the BTC dominance. This factor, the dominance, is on a downtrend with the altcoins taking control and Bitcoin having lost 20% of the market share in only two months.
It is one more sign together with the two Turkish exchanges that exit scammed. Billions are lost again but this alone is not a reason for the market to change trend.
One final interesting event, was the lowered Ethereum fees this weekend. It was again affordable to use the Ethereum blockchain and many took that opportunity to make a few profitable trades with ERC20 tokens and NFTs that fees of 50-100 dollars were not allowing earlier. It could be another added signal for the prices having reached the top, but it needs more research as Ethereum miners can try a lot of tricks.
The trend is still bullish, and when I see signs like the previous we had, I'm going to alert the Read.cash community, but don't take this as financial advice, it is more of an analysis of the recent situations.
The trend will becom bearish and it won't take one day, we will see a few flash crashes and we will read from the whales and the media they control about their crypto selling. I don't know the plan exactly, or if this time they will try to cover it, but I know it will be visible in the charts. If I am to take a look today, I see some movement from small whales getting scared of becoming even thinner. Those with patience will know the best selling time, which again I think it is too early.
