Hello, my fellow traders. I expect the market to start growing soon and I will describe why.
The crypto market is unregulated and there are a lot of manipulations there. It’s ruled by big money. Many inexperienced investors were buying the BTC at 17 000 – 10 000 and most of them are exiting the market right now. They can’t hold because of enormous losses and they feel the pain.
After all inexperienced investors leave, the market will start growing to attract fresh money. And it will be growing giving people new hopes. The whales know how to do this. And it will be again and again.
It’s time to open long-term positions right now. Time to buy. Be wise and don’t just throw all your money.
Will there be new lows? Probably yes, we don’t know the future. But the fact is that RSI is very weak and the market is very deep.
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