CRYPTO Markets Slide Below $300 Billion As Bears Dominate Markets -- Comparison to 2014

The bears are slaughtering the markets today, but we will eventually find short term support and see a big oversold bounce!

The crypto market caps slid below $300 billion today as the longer quest to seek support on prior resistance ensues. We will definitely break the low support at $256 billion and head down to test $200. With all of the cryptos in the market now, this basically means that overall prices are going to be weaker as sentiment drops off.

This chart pattern is playing out almost identically to what happened back in 2013-2015. Take a peek at the chart below...

There's a ton of similarities, and basically, it makes sense we will see a very similar pattern play out again. This would ultimately still seeing pullback over the next 6-12 months.

Right now, there's still not enough good things that can drive new buyers into markets to eat up the sell orders and raise prices.

The good news??? You have 6-12 months to keep saving up to gain more capital to enter the markets once we hit longer term stabilization in preparation for the next great rally!