END OF THE BULL RUN

Today we saw wild price crashes for the entire cryptocurrency market. Many assets depreciated by at least 20%, some exchanges had flash crashes where the prices went down by 64% for Ethereum. It is not out of the ordinary in a bull run; overflowing liquidation starts to push the price down.

Volatility is standard in the crypto market; the 20% and 30% washouts happen more often in crypto than you think. Situations like this are not to be feared but to be embraced and anticipated.

Today we did see some insane dips of 20-30 percent in the crypto market, but the prices only went that low for just a moment if you think about it.

What is interesting is that we saw significant assets come down to hit significant areas of support.

Looking at Ethereum, despite there being a massive dip, it only brought us down to an area of previous support from about two weeks ago. Putting in buy orders in crucial areas of support is a good idea for getting coins for a lower price when we have these kinds of flash crashes.

One thing to note is that Altcoins have been on a nonstop bulk run since the year began; they are due for a more severe correction than that of today.

A dip that lasts for less than a few hours cannot be considered a market correction; this is just a washout of the leverage position.

We still have to get ready for an actual market correction where we will see coins come down by 40 to 50 percent; today's dump was mere child's play.

This time is different because of institutional money and the various fundamentals, but we should not let it being different fool us into thinking that markets are different. Markets have patterns; they have waves, trends, those patterns and waves that they repeat during an uptrend in the market.

This Altcoin market will be no different; the only question now is when we will see this significant correction. We can see a more sustained and brutal correction happening in the next few weeks.

If we see this correction happen, we need to understand that it is an opportunity to accumulate because a bull run is going to come right after it.