The Crypto Bloodbath - PANIC GUIDE - IS THIS THE END OF CRYPTO???

Hello Ladies and Gents,

Today we see a really beautiful pullback, which can also be described as a bloodbath. At this time the funniest part is almost over and we are seeing a little more stable prices now.
You woke up to alarms and a bunch of news, accumulated in the last couple of hours. Crypto twitter is going insane and your dearest no-coiners are already getting ready for a big shit-storm that they are going to confront you with.

A very simple explanation of the market situation is based on what I have been seeing in the last few weeks. If you have been following my TA you also saw that many coins were in a humungous downtrend and are slowly getting to the end of it. The crucial thing about the end of a downtrend is that you need VERY HUGE amounts of money and momentum to cross it. This would be a gain of mostly 15-40%, which is not happening without a huge volume, especially when the leading coin - Bitcoin - was also lacking in movement.

So, here we are, getting to witness a beautiful pullback, shaking off weak hands on its way. Mostly, after a pullback in crypto, we see a bounce back up, either followed by a second pullback, if the bottom trend line was not reached, or a small increase followed by a HUGE push. Since we are already sitting at the bottom trend line, the second scenario is more likely to happen.

Please, do not be foolish and believe that this was just a one day thing and we are done for now, seeing 30-50% gains tomorrow. I know, this would be very nice, but this is not going to happen. The market needs momentum, it needs more money and it needs to decide. Just because we are at the end of some trend, does not guarantee you a humungous push. Exactly these days here are why I ALWAYS show at least one bearish scenario in my TA. If you were looking into some coins, looking at a nice buying opportunity, then here you go, check the TA and you will see, most of the coins are exactly there, where the bearish scenario would have been. Yes, it might go down even further, though the possibility for it is getting lower and lower.

Panicking or getting into arguments, is exactly that what you should avoid right now. Be steady and use this opportunity. Anyone making cheeky comments shouldn't bother you either, if you are confident and you know what you are talking about and you know, that after such a bloodbath there is always a bounce back up and not "THE END OF CRYPTO", that this is a HIGHLY VOLATILE market and this is normal for you, then this is exactly the best day to convince the no-coiners with real and humble arguments into a rethinking about crypto.

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Cheers, Tomas