Crypto is in severe down trend since the start of 2022. Since then we are making lower lows and lower highs. recently we have break out of bearish flag pattern which isn't really good news for crypto
the total market cap is looking to retrace back to $700-800B dollars it will bounce back. the previous support of 1.16T marketcap is now a massive resistance.
it's inevitable for market to not retest 700-800B zone.
i will start DCA from 700-750B marketcap. at this point we are gonna have higher chance of getting in the market at right time.
what to do now ?
As trader / Investor I would start DCA
Nota
We have successfully retested the resistance and we got rejected the by the flag trendline.
i believe we will see further lows in the altcoin market also inflation is America is still higher so it means we will see bigger corrections.
Nota
the total marketcap is not looking so good. we could lose 100 billion within few days or week.
Nota
We did lose more than 100 billion in matter of few days..
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