So over the weekend we had experienced a roller coaster of emotions in the market ever ride the rebel yell at king's dominion or been in a toxic relationship. I can tell you: i've been in both and this market fluctuation definitely takes the cake. So the question everyone has right now is: are we at the market peak? Is this the end of the crypto bull run? And what should you do right now, while we experience insane pullbacks that many of my subscribers might be experiencing for the first time ever, hey guys, i hope you all had a great weekend welcome back to another video, so i'm not gon na sugarcoat things, the crypto Pullback that we've experienced was very scary and dropped more than what most analysts predicted. But let me tell you: it's gon na be good.

We're gon na be okay, it's gon na be all right. So, let's first dive into my computer to see the beautiful. What i consider fire sale happening right now and then we'll talk more about why this is happening and what you should be doing right now, but before we begin like always, if you want to help, stop the fear, uncertainty and doubt here's what i need you to Do drop a like on this video, so youtube pushes this out to people who are going to regrettably paper hands their entire crypto portfolio subscribe to this channel. If you're watching this, so you don't miss out on any uploads and a large majority of my viewers are still not subscribed.

So if you have an account with youtube, go ahead and make sure you do that, so you don't miss out on any new updates and one more thing guys, i'm not a financial advisor so make sure you also do your own research before conducting any trades. Now we got that all out the weight right all right. Let's, let's go into the computer, now just hit my light stand, alright guys. So we are inside of my computer right now and we are on coin market cap and oh, let me tell you it definitely.

Don't look good today. The market cap is at two trillion dollars or a nine point. Two four percent decrease over the last day we're seeing an increase in volume up almost 40 percent, and this is because of all the selling that we're seeing a mixture of large institutions. Something i'll talk about later.

In this video, a mixture of a lot of uh limits set that are getting triggered right now, with the excess support levels being broken, and on top of that, something we need to discuss is bitcoin's dominance, 40 freaking percent. You guys it is continuing to go down. It doesn't help that bitcoin's price is not doing well either, and the overall market cap is decreasing in that function. But what we're gon na see very interesting within the next few weeks.

Is this bitcoin dominance actually having a fruition or effect in the overall crypto market, and we'll talk about some more strategies on what you should do in order to take advantage of all the great things that we're gon na see once we get out of this little Hole that we're in right now so to start bitcoin, 43 000 down 8.8 percent ooh, and it is down 25 for the week. Let me tell you an average investor is going to look at this and freak out and they're going to want to sell and say you know what i wasn't able to make my big profit. I wasn't able to go for the lambo this year, but uh. You know at least i can get - maybe 100 bucks out of this trade.

You can't think like that in this situation - and this is all my non-financial advice, but i'm gon na tell you if you sell when the market is red and you buy in when you wan na fomo when everything starts to lift back up, you are gon na, Be one of those newer investors that the rest of us experienced investors are making money from so please i don't want that for you. I want all of us to win in this situation, because there's a lot of opportunity, there's still a lot of growth in this market, regardless of the red that we're seeing so ethereum is down three thousand two hundred fifty two dollars. It just went down a little bit more three thousand two hundred forty four dollars down nine percent or down twenty two percent for the week. Finance isn't doing so hot either down to 11 cardano down eight percent, but cardano is still up 17.

So over the weekend, cardano had an explosion. If you guys are members of my inner circle, you will know that cardano it was lifting off. We were having a little party inside of our patreon group. We were loving it and they are still profitable for the week.

Although they are down eight percent, so we're going to talk about cardano later on in this week, uh just talking about why this is still an essential to most people's portfolio, because even though we're seeing a lot of red in the market, not all cryptocurrencies are bleeding There are still some that are very profitable, so dogecoin, surprisingly, is withstanding the test of time. It's still at 47 cents right now, and it's only down six percent so for the week, they're down 2.5 percent. So when it comes to dogecoin, there's two factors that you need to take into consideration: dogecoin is still getting good. Publicity for major celebrities, like elon musk and other retail investors, are still holding this investment, because that one dollar price target has really brainwashed the mass public.

So i don't see a giant sell-off happening with dogecoin and it's actually good news that we're seeing it still withstand the overall market volatility of being in the red today, when it comes to this investment. Make sure that you understand that this is still gambling. I'm still holding all of my doge. I was gon na.

Actually let go some positions a few days ago, but i decided hey if the entire market does decide to have a pullback, especially with what we saw this past saturday. Dogecoin might be my one hedge that still ends up being in the green, so i won't be surprised if dogecoin outperforms other cryptocurrencies in this market, just because it's still been relatively opposite in terms of the direction where overall cryptocurrencies have been performing. Now, if i scroll down, everything else has taken a pretty large hit icp. So this is a position that i recently entered to and boy, oh boy, is it taking a beating right now, so i must say is with the position like this: you have to realize that there are some cryptocurrencies that you're going to want to hold long.

I'm talking five to even 10 years and by then you're not going to have to worry about the short-term volatility during these times, but it definitely does hurt if you are a newer investor and you entered a position like this - that recently got listed and say it's. Maybe even 30 40 percent of your portfolio for me, if i'm entering a newer position that i know doesn't have the most upside, but it's still a good long-term hold. I consider that at least five percent of my portfolio, or even less, i don't even like going more than that. So here we are with other cryptocurrencies bitcoin cash is following it.

Other platforms, uniswap is having a pretty red week as well, so we're just gon na see overall red in the market, but occasionally we're gon na see still some green, we're gon na see those leverages and we're gon na see those other cryptocurrencies still acting as a Hedge, so polygon matic man, it's been crushing it even today they are still green, 2.45 and solana. Another crypto here listed on the exchange. They are up 10 today or up 18 for the week. So although it's a lot of red, i'm telling you you're still going to find a few gems that are able to stand pretty much.

The chaos that we're seeing, surrounded all together in the market, we're going to go into the 24 increases. Ceilo is number one today outperforming most cryptocurrencies ave is at 5.93, like i mentioned solana, and then we have theta here as well, which we've talked about previously in a video as well so polygon. I got my eyes on this one. Still you guys it's been on.

My watch list for a very, very long time and uh, i'm just hearing good things, the more i research into this project, the more confident i get into it so out of all the cryptocurrencies that i'm seeing right now, polygon is definitely one that i recommend you Guys to consider all right, so the market is looking red, but let's cover some of the reasons why it is acting this way. So many new investors are speculating that the recent crash in the market is because of a string of tweets. We saw elon musk unpack over the weekend now this wasn't tesla's announcement that they weren't going to accept bitcoin anymore due to environmental impacts. This was some additional conversations that he's had over the past weekend that many of you guys may be shocked at now.

In this video i'm not going to be going over all of those tweets and those conversations there's just no need for that. But if you guys want to check it out, just make sure you go on my twitter and i actually reacted to a few of them and you can easily pull up the thread there. What i want to do instead is talk about elon musk and how in no way shape or form has he helped the crypto market at all over this weekend, and i can tell you, though, that there were way more contributing factors to this pullback that we're experiencing Now, rather than just one single person coming out with a string of tweets, i believe this time around the pullback was more amplified because of what he had said on the internet. But we are still right on track for most price targets that we set.

For the end of this full cycle per the usual sundays have shown 2b are more red days in the market and if you're, a member of my inner circle, you'll know that these are my favorite days to buy into cryptocurrencies on a discount. We also had news a few days ago that consumer price index report on inflation had beat expectations by over four percent. The reason this also matters is because simply put inflation scares many investors, because it really implies that higher interest rates are coming, and some of you may know how the stock market reacted. The most recent time we had heard the same news: if we know money in the future will be worth less.

For some reason, people tend to act more irrational and pull money out of the markets instead of investing in it to fight it. Instead, i believe, today, being the due date for taxes also adds more fuel to the flame, not necessarily because millions of retail investors want to load money back into their checking account, but because large corporations and institutions also need to pay up to uncle. Sam. Keep in mind in the us, if you're in a higher tax bracket or you make more money, you pay more taxes, these financial institutions, let me tell you, taxes hurts all of us the same amount.

It hurts just regular people like me and you when there's multiple angles of additional fud in the market on a day like sunday within a parabolic week that we've had for most all coins. Let me tell you a pullback like this is to be expected. So does this mean that we're at the top of the market? Does this mean this is the end of the bull run? Let me tell you, i don't think so right now we're still on track and we're still very early and every video i'm gon na. Do i'm gon na remind you that this type of volatility is to be expected in the beginning? Now, if i'm being a little honest here and being a little bit of angry brian guys, i was a big big fan of tesla and elon musk and what he was doing and his contributions to the bull market.

That we've seen within the stock market and and just the technological advancements that we've had man over this weekend, a lot of that has really changed. For me, i'm curious to hear what you guys think of elon. Now, all that this has happened for me is he needs to understand and he does his influence over the crypto market and anytime. He talks bad or poorly about certain cryptos, and he doesn't take into consideration the influence that he has it's either just straight up.

Misconduct or just it's just annoying right, it's just it's unacceptable people have invested more than their life savings. Some people are trying to retire off of crypto. The people that are going to be affected by this are not necessarily the large whales or financial institutions that are using bitcoin as a reserve for their cash. It's going to be everyday people like me, and you it's going to be people who have invested their money, who have told their grandmother their family about cryptocurrency, and it's these people that are gon na be hit the most anytime.

He decides to tweet. He really needs to take better consideration of what is at stake here, especially with newer investors on the line. Now going back to the point of this video in the last crypto bull run, we had saw the market begin to cool off and enter the bear season. Exiting summer and going into fall, however, we also know that every cycle, the cooldown period, ends much later than the previous cycle.

We've had the crypto market in 2021 is nowhere near what the last few cycles have been. We've seen major mass adoption on a nuclear level, not with just institutions but with everyday people like you and me. In addition to that, we have seen a real use case and utilization with other smaller projects, including nfts d5s and smart contracts all over the world. I know when you look at the market and you take a look at your portfolio.

You can get that gut wrenching feeling in your stomach that man, this might be all over it. Is this the end. Why did i enter another investment out of poor time, but that's when you have to stay strong. The most bears will always argue that this is the end.

This is a trap, but during times like this is when you really want to consider either doubling down on your investments, buying more or just holding out seems like every few weeks the news will spread even more fud saying this is the end of the market, but Then we always see a fast bounce up now, if i'm being honest, i do believe that this time the bounce may not come just as fast, but if you stick with your exit strategy, look at the trends in the one year. You know that this is nothing compared to the grand scheme of things so for any of my new investors, my subscribers, my followers, don't panic, don't sell your investments and take it for a loss and understand. Instead, the adoption of cryptocurrency is inevitable and look at these dips as another buying opportunity to take advantage of that adoption. That is happening right as we speak.

So, on a technical standpoint, because support has been broken on most cryptocurrencies, we can begin to see this free fall even more. So i also want to say: don't expect this to be the lowest that we're gon na see the market tank. We may see this go down even further, but remember you can almost never time the market on entry or exit so always have buying power set aside and average in even on the dips after this pullback begins to cool off when the market returns back to other Green days, like we've, seen and you're net positive, learn from these volatile dips and consider even taking out profits as we continue throughout the rest of this year. Now, if you're ready to buy some crypto during these times, don't forget to check out the resources linked down below in the description, you can pick up your two free stocks with weibull, where you can trade, both crypto and stocks, using my link down below after depositing A hundred dollars into the app keep in mind, one of those stocks, could be valued up to 1850 bucks if you want to earn interest on your crypto check out block fi, where you can earn up to 250 back on your deposit, depending on how much you Put into the app block fi also allows you to buy crypto on their platform, with less fees than with a competitor.

For example, coinbase would charge one last thing, guys don't forget to check out surf shark link down below in the description. If you want all the tools in your belt to become a pro crypto trader in protecting yourself first, thank you so much again for watching don't forget to comment. Today's code word for the video fight. The fud have a great day and i'll see y'all in the next video, and one thing don't forget to subscribe guys we're almost at 700 subscribers.

Let's go all right, love you all peace out.