Topic: Deeper drop (Read 132 times)
The market from February 2018 is in a sideways motion. There are crest and troughs but not a proper rise or fall in the price for most coins. This is the correction period after the price rise in 15, 16 and 17 and coins are getting to their real values as almost every coin had their price boom on that period.
if my analysis does not decrease the price of the market, but that looks down because the price of ETH to the exchange rate of each country.
It is difficult for me to be able to easily believe that the market will experience a sustained decline. I hope the market situation will stabilize as soon as possible! Thank's. 
The perception of the market towards any situation in the cryptospace, goes a long way to determine the state of the prices of coins. Our reactions can bring about more dump. Whereas on the other hand, it can bring about a bull run.
And the drop will be much worse if ETFs and especially VanEck ETFs will be postponed or declined. So be ready for next drop in next few days (the deadline is the 30th of September) .
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What everyone has to do is to decide whether they believe previous heights are going to be reached or not (time does not really matter). There was a nice article made by a guy who was dollar cost averaging each month since January 2014. So basically he got in at ATH, he was spending $500 each month up till 2018 and ended up spending around $25k, but at the end his BTC portfolio was worth around $0.5M. Do the same if you believe in reaching new ATH's, and stop wasting your time trying to understand the market and the reason of all these dumps. There will be loads of dumps and pumps in the future, it's just not worth trying to catch all these movements.
So do you think that eth can drop more? Im asking because most people think that eth has reached thebottom and now it will start reversal and we can confirm this if we see previous candles on weekly charts but still i think one more drop and then bounce back will be even good for long term bulls in eth.
There are a lot of factors that influence and determine the p ice of cryptocurrencies. But I think how the market reacts determines how long the dip or drop would last.
The massive drop of the past few days caused a lot of panic, and FUD.
This lead most ICOs to sell of their ETH and other currencies raised during their TGE. In order to clear their overhead and secure their assets in stable fiat.
This would also affect the market and lead to a deeper drop.
The massive drop of the past few days caused a lot of panic, and FUD.
This lead most ICOs to sell of their ETH and other currencies raised during their TGE. In order to clear their overhead and secure their assets in stable fiat.
This would also affect the market and lead to a deeper drop.
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