Crypto Is Either On The Verge Of Collapse OR Reversal

The market is at an extreme zone right now. I think we need to see some reactions from buyers soon if the integrity is going to be saved. If you're long on cryptos, right now may be the final buying opportunity before altcoins like ETH, NEO, and XLM start to go on major bull runs. However, it also may be the worst buying point, because the downside from here could be pretty major if some of these trends are clearly broken. The best trading opportunities are usually the ones that feel awful at the time, because you're going against your own psychology. This is why most people lose money trading.

I think we are either seeing an epic bear trap for altcoins...or the recent rise was the biggest bull trap of them all. This is an "up or down" post, full disclosure. This is not a recommendation to buy or sell. I'm just giving a couple of extreme options, based on what I'm seeing.

Again, this is not financial advice. Just me rambling about how I'm feeling about the market at the moment. I think it's make or break time. With all the bullish news recently, it would be really unfortunate if the market failed here, and it would prove yet again that people should simply stay away. I'd like to see it reverse as much as anyone else, but hope only goes so far when there are other forces at play.

Good luck everyone!

-Victor Cobra