I think crypto will bounce up to form the second part of a double bull run like we saw in 2013.
Why? In December, the cat got out of the bag. The world knows about crypto now, and knows that it is the future.
All the institutional money is publicly saying "we'll wait for regulation" - for half of thim this is true, for the other half its a cover to try to buy themselves more time to buy now before it gets out of hand and institutional FOMO gives us the next parabolic rise. They know regulation is coming.
Just like everybody else, half the big money will get in in time and profit while half the big money will be conservative, wait too long, and become not-so-big-money-anymore.
Its mind games among bigger and bigger fish.
With institutional money comes institutional FUD :P
Why? In December, the cat got out of the bag. The world knows about crypto now, and knows that it is the future.
All the institutional money is publicly saying "we'll wait for regulation" - for half of thim this is true, for the other half its a cover to try to buy themselves more time to buy now before it gets out of hand and institutional FOMO gives us the next parabolic rise. They know regulation is coming.
Just like everybody else, half the big money will get in in time and profit while half the big money will be conservative, wait too long, and become not-so-big-money-anymore.
Its mind games among bigger and bigger fish.
With institutional money comes institutional FUD :P
Comment:
Feeling cautiously optimistic that we are about at the bottom here - Feeling this break through the cloud and through the $6400 support may have been a shakeout. Number of reasons for this - new chart soon.