Imagine a day with a really long downward wick. Imagine the rush you'd feel if you caught the bottom of the wick and maybe doubled your money in only a few hours. Exhilarating, right? Now imagine the disappointment you'd feel if you saw that long wick and you missed it. Damn! Those dips need to last longer, don't they?

They sure do, and that's why they invented something called the market cycle. The market cycle is basically one big dip, and it happen in stages. The bear cycle begins after the excitement gets a little bit out of hand and everyone starts hitting the "buy" button merely because it's what everyone else is doing. It's like the hangover after the party. If you were one of the ones who got carried away, you're going to have a massive financial hangover. If you're smart, you can still turn the situation around and use it as a buying opportunity.

Making money from the market requires only two simple steps: buying low, and selling high. Although all the excitement comes from selling high, you can't sell high unless you buy low. Late 2017 was the time for selling high. Now is the time for buying low. If you're in the market for quick returns, GTFO now because we are heading for an extended bear cycle. In my opinion, we have a minimum of 4 months of continued bearishness, and probably a lot more. Why is that? A lot of long term hodlers decided to cash out in this last bubble. After years of holding an asset that was trading sideways to down, a bull market finally rolled around and they decided to reap the rewards of their foresight and patience when everything got out of hand and parabolic. So, the amount of supply in the market has increased by over 50%, while demand has dropped off by more than two thirds (or more), as many people who were here for a quick buck have skedaddled. Hmm, higher supply and decreasing demand? What does that do to the price? Gee, I wonder. It's almost like there's a mathematical formula or something.

During the bear market cycle, smart money will begin accumulating, buying bitcoin in small amounts over time. This will contract the supply until price begins to rise again. They don't want to inflate the price, so they will probably buy small amounts secretly. The dumb money won't know what is happening until the price is suddenly 10k again. The rising price will attract buyers, which in turn will increase volume. When it's time for the smart money to dump their bags on the next set of bag holders, they may even start shilling crypto on mainstream media.

Now is the chance to buy low and accumulate. If you're considering a panic-sell, you probably aren't here for the right reasons. Now, if we break 6k, that will constitute a break of market structure and is a very bearish development. You should probably assume that this is another 2014. Unlike 2014, however, the bitcoin network is much stronger and more developed. In 2014 fundamentals were hazy and many people associated bitcoin with illegal activity on the darknet, lending a negative stigma that persists to this day. However, 2017 sent a loud and clear message to the smart money and institutions: bitcoin and crypto are here to stay.

So, the best strategy is probably to practice dollar cost averaging. This is where you buy a certain amount of bitcoin each month or week. This reduces your chances of buying high or fomo buying. Another strategy is to "ladder in". This is when you set buy orders of increasingly large sizes at lower prices. You don't know where the bottom will be, so it's best that you don't try to knife-catch.

Good luck. Remember that the future is bright for bitcoin. Just because the price is going down and the irrational hype is over doesn't mean that bitcoin isn't going to change the world.

WARNING: I believe that Bitcoin is heading significantly lower than 6K. 4.5K and 5K are initial targets, but 3.5k and 1k are eventual possibilities. Do not underestimate the ability of the bubble to keep popping. If you buy, prepare for your investment to be in the red for months or years. PLEASE BE CAUTIOUS. Do not believe the shills who say that institutional investors are going to pump this back to 20k in a few months. Institutions are on their way, but they're not here to save you. I am not a financial advisor.

P.S. Sell your shitcoins, please. They will go to zero.