No need for any TA right now since the entire crypto/stock market has taken dumps. You can thank Biden for his announcement of increased capital gains tax yesterday, which largely contributed to this. Not trying to get political here, but that announcement pissed off a lot of wealthy investors.
Any way, for all those who are worried, the bull run is not over in my opinion. Usually a bull run ends when volume has increased to the maximum. Right now, volume is at a decline, so we haven't even started the final stage yet. 30% dumps do not end a bull run, they just help it keep going even longer and stronger. Institutions and whales will gobble up this fire sale in the crypto market and we will sling shot back up once this is all over.
For those who still think it's 100% over, look at the charts for the 2017 bull run and count how many 30% corrections have occurred for Bitcoin before it skyrocketed to $20K.
Any way, for all those who are worried, the bull run is not over in my opinion. Usually a bull run ends when volume has increased to the maximum. Right now, volume is at a decline, so we haven't even started the final stage yet. 30% dumps do not end a bull run, they just help it keep going even longer and stronger. Institutions and whales will gobble up this fire sale in the crypto market and we will sling shot back up once this is all over.
For those who still think it's 100% over, look at the charts for the 2017 bull run and count how many 30% corrections have occurred for Bitcoin before it skyrocketed to $20K.