I wrote the third part of this post, which you can read here This is the fourth part. I will keep doing this until the market completely leaves the red zone, God willing.
Yesterday was another crazy dump in the crypto market, and it did not seem strange or surprising, which is probably because we are used to these dumps. They now occur at least once every three days, and Thursday could be the next big dump.
The market has already corrected by 30%, and the next one is expected to go even lower; will this happen? Nobody knows. Remember how everyone believes Kamala Harris will be the crypto-antichrist?
So we did not get her, but we did get a meme-coin launching pro-crypto President who has since gotten into the business of pumping and dumping the market with his antics and showmanship.
Thank you, ser Trump; we now live in a new world thanks to the innovations you have introduced to crypto.
I believe we have reached our psychological pain threshold, which is why these dumps no longer move us. I mean, it now happens every three days, and we can somehow predict the pattern.
In fact, you can decide to short BTC on Thursday and be surprised to make some money.
Why?
These dumps are almost predictable. So no one is talking about them anymore. The only people still lamenting are those who have not seen anything like this in a while.
Almost everyone I know who does exceptional crypto analysis is not sure anymore. I mean, it is probably boring to post about market dumping today and then come back in two days to discuss another bigger dump.
So most people are used to having these flashbacks, and there is nothing particularly exciting or frightening anymore. The real thing starts when something strange happens; for example, if BTC fell back to $75k, no one would be alarmed because I believe we have reached maximum pain levels.
However, do not take my word for it. That is, Trump could come out in the media tomorrow and say something financial scary, causing BTC to plummet to 68k, and perhaps that will be the next new level of pain that ushers in chaos and disorder. I
do not believe anything is impossible now. However, I still believe Trump is only a catalyst. The market always provides the necessary catalyst. Perhaps this is why the market surged following Trump's victory: it was not truly organic.
More pain?
If you look closely, no one is talking about that much pain anymore; we have seen lows of 74k and alts dumping as well, but who knows? We are in a period of never-say-never.
It appears that March has been one of the lowest months in the last six months, and it may be time to begin to anticipate what April will bring.
If I recall correctly, the market did the unthinkable in December 2017 and then pumped even harder in January 2018. So we might be in for a slower year, with all roads leading to Q3 and 4.
Prepare your mind; we may begin pumping hard tomorrow or dumping the following day.
Except for the fact that we are excited about the summer and the coming months, this cycle appears to have no playbook or prerequisites. The truth is that no one knows for sure, but we are learning from this cycle.
I believe we are. In my opinion, we may continue to do crawb walk, dumping, and recovering until the end of the month; it appears that we have a full-fledged bearish month on our hands, and it appears that we are finished for the month.
Perhaps we are now looking forward to April, even though we still have about 20 days until the end of the month.
So, what should you do? Do nothing. You sell, you lose. Technically, you are already losing, so selling makes you a clear loser. However, holding is the most difficult part. When the market is dumping, holding is the most frightening aspect.
However, we'll eventually see it all out. It was another dump day yesterday, and the dump continues today. For us at Hive, keep interacting with and curating your favourite accounts. Your current friends are the ones you should remember when the market changes why? They obvious kept you going.
Interested in some more of my posts
