Topic: Red crypto market today - page 12. (Read 2921 times)
well, what I know the cause of the drop in price from $ 64k to the current price is Tesla which is no longer accepting bitcoin, and also China which is banning crypto. this makes it difficult for the price to break through the $40k level. however, I also hope that the price will return to green in the coming June.
I still learning my crypto-currency Trading, at this moment I haven't traded with real money, but my mentor isn't complain about the current market situation affecting his crypto-currency Trading, and not just him, Alot of traders are making profits now in the bear market.
I think your strategies are not working so well or May be the signals you use.
As for crypto-currency trading it still can be profitable even in the bearish market, am hoping for corrections where necessary and adding the knowledge to my trading career.
Trading skills are needed during this time, others who are depending on their gain by holding are affected by this dump. It will depend on how we strategize during this time to buy more or to trade with other altcoins. As long as we know what we're up to even in following from our mentors, signals, or groups we must have the knowledge to be able to earn n these bear markets. I think your strategies are not working so well or May be the signals you use.
As for crypto-currency trading it still can be profitable even in the bearish market, am hoping for corrections where necessary and adding the knowledge to my trading career.
This is normal price action, the price sideaway for a few month after big dumped the market will need more times to go back bullish. Just like when the market dumped in the beginning of pandemic, after that need a few month the market to rebound. If BTC keep stay above $30k, no need to worry about small dump, because this is still support area.
$30k is a strong support area, and I also believe that Bitcoin will not be below $ 30k for the second time,
yes, if you look at it from a long term view, Bitcoin is still bullish, and the target can reach a new all time high of more than $ 65k,
the first target can be. at $ 70k to $ 100k, only first resistance is currently at $ 42k and will have to break this resistance to go higher
This is normal price action, the price sideaway for a few month after big dumped the market will need more times to go back bullish. Just like when the market dumped in the beginning of pandemic, after that need a few month the market to rebound. If BTC keep stay above $30k, no need to worry about small dump, because this is still support area.
The market lost the optimism and investors are fearful to put more money in bitcoin right now. Maybe they are fearful of whales speculators dumping the market, so they want to see how deep bitcoin can reach until they can start investing safely again, from the bottom. If investors keep buying bitcoin at this moment, the price may go down a lot yet, into the 20,000$ range, so these buyers would stay in loss.
When people avoid risks too much a bearish season starts and that is what we are seeing right now. I just hope it doesn't take too long until we see a bull run again.
Yes, the market is bearish can be said to have been obvious, I hope the coming bearish season will not be too long, i am okey if it as usual about 3 years.When people avoid risks too much a bearish season starts and that is what we are seeing right now. I just hope it doesn't take too long until we see a bull run again.
I also lost a lot of money during this period and i have stopped my loss.
The market lost the optimism and investors are fearful to put more money in bitcoin right now. Maybe they are fearful of whales speculators dumping the market, so they want to see how deep bitcoin can reach until they can start investing safely again, from the bottom. If investors keep buying bitcoin at this moment, the price may go down a lot yet, into the 20,000$ range, so these buyers would stay in loss.
When people avoid risks too much a bearish season starts and that is what we are seeing right now. I just hope it doesn't take too long until we see a bull run again.
When people avoid risks too much a bearish season starts and that is what we are seeing right now. I just hope it doesn't take too long until we see a bull run again.
The current market situation is indeed unsettling, almost all of them are experiencing a decline in value, there may be several factors that cause this to happen, one of which is that China prohibits financial institutions and payment companies from providing services related to cryptocurrency transactions, and warns investors against speculative currency trading. crypto. Who knows how many thousands of Chinese people will definitely stop doing Crypto trading and this will definitely make a big drop in crypto trading.
I still learning my crypto-currency Trading, at this moment I haven't traded with real money, but my mentor isn't complain about the current market situation affecting his crypto-currency Trading, and not just him, Alot of traders are making profits now in the bear market.
I think your strategies are not working so well or May be the signals you use.
As for crypto-currency trading it still can be profitable even in the bearish market, am hoping for corrections where necessary and adding the knowledge to my trading career.
I think your strategies are not working so well or May be the signals you use.
As for crypto-currency trading it still can be profitable even in the bearish market, am hoping for corrections where necessary and adding the knowledge to my trading career.
What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.
We are on Bearish market without a sign of reversal. So it's normal that price will go sideways to the known support and resistance which is the 30k and 40k respectively. There is no major news neither good nor bad that's why the price can't reach the confirmation point for the trend. It's better to scalp or short trade right now since the ATR is quite stable per day though.
I think this is a very good advice why not first take advantage of the situation with scalping while looking at the existing chart because now it is very difficult to predict what will happen next will be like what.
Corrections are also very much happening and the market is in a very bad decline
We can really see a new bear market soon because it looks like many people are expecting a big sell and are going to sell crypto. It will result in a big sell wave and cause a market crash. It has potential to crash down to 20k again. Still possible but it also can go up.
For now, we should stay caution.
For now, we should stay caution.
Bitcoin has been having a rough time lately and most of the altcoins are also affected. It is a sad thing to see but instead of complaining and mourning, we should take advantage of the red market and be strategic as we hold and wait for the market to recover once again. Many people has already started buying during the dip because they know and they have faith that the market will recover sooner than we are expecting. Let us stay mindful on the price movement in the market, it will surely pay off later on.
Holding is great during this period and I am doing exactly that, I even bought a tiny bit as well. However one thing is bad about this period, if you do not have a lot of money that means you are not going to make a lot of profit during this period neither.This is why I think it is not really that great for me right now, not because I think the market is bad, I think market is at a great place where it is giving us a huge opportunity but I am failing to take that opportunity and that is what I think is the biggest problem for me. I want to buy so much more, I want to like take a 100k dollar loan and buy bitcoin with all of them, but since that would be an idiotic move I am not doing that, yet the fact is that bitcoin is down, it will 100% definitely guaranteed will go up eventually one day, and I am not taking that chance because I do not have any funds.
There is nothing new happening at the moment. If the market went green they are bound to go to the red zone. This is how markets perform, it will remain like this till September. Unfortunately weak hands are going for panic selling. Keep calm and remember market always bounce back.
Weekend always red and one or two day when weekend closer you have ready to save your usdt assets from altcoin or bitcoin because almost in this month weekend bitcoin and altcoin price dump. Just up usdt assets have against with bitcoin and altcoin price, almost when bitcoin or altcoin dump usdt keep growing up.
It's over, pack your load and go home mates, bitcoin surge to 60k this bull season so what's going to bring the balance? As higher as BTC goes is the same way it will dip including the whole crypto market, this is 100% normal so if you can still get some profits out do not hesitate
What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.
The main drop was because of the Elon musk tweet about bitcoin and then everything follows because of that bringing the market price down to a big percentage and causing a lot of panic selling in the market.
We have been up to a lot of percentages starting this year 2021 and we are still up to 300% if we think about it so if you invest a bit early you are probably still bullish for sure, so correction is expected when the market is up to this kind of percentage.
Not the best time to sell your investment but a good time to invest some money, It always a circulation, and the market will be up again and it will be too late when people realize that.
What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.
Not all the time is always have a bullrun market. At this moment the market are red because we are in a bearish season, where, it's good to buy and hold. This suddenly dropped down of crypto market was also the effect of Elon Musk tweet and other negative news but it was also normal scenario in crypto market. The weak hand will panic and the whales are waiting.
It's simple, crypto market reached a new ATH and many had no other choice but to take profits, this won't definitely push the market more Futher into the moon, there will be big retrace and those who joined late will be in loss or in high panic Mode
I don't think the market has reached the final ATH limit, we are still early. However, the scenarios show a big pullback by institutional investors after some countries reactivate their economic activity mode once the vaccine has been subsidized. It can create a large retracement but does not necessarily believe in Fud. The market will break out of the side at $42k before the market makers want to create a big trap. Anyway, this trend looks bad. What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.
I believe it is just the hype dying down a bit. I have seen every single person I know going into crypto or learning more about crypto and that is just too much, we can't have every single non-giant retail investor in crypto at all times, there will eventually be a time when they will get out.The grocery store clerk, the barber, the butcher, the pharmacy, the friends, the family, the news everyone was all up in bitcoin this past year and that is not sustainable, you can't have that many people in crypto forever, eventually some will get out because most are in it for the profit and not for the long term. That's what is happening right now if you ask me, there are some people who are getting out and not caring about what is going on. This is why I believe it is totally understandable to fall a bit, let's see where the bottom is and after that we will do fine.
The market started to become bearish about two weeks ago and most recent incident could be the decision made by Tesla and its owner. Nowadays, reddish or the downward price trends have become a normal sight as we have seen several dips in last few days. One thing we have noticed more often is that, we can expect a dip when the weekend starts, probably in Saturday mornings, which continues on Sundays as well. If that is the case, you will see some green stuff by Monday morning.
It's simple, crypto market reached a new ATH and many had no other choice but to take profits, this won't definitely push the market more Futher into the moon, there will be big retrace and those who joined late will be in loss or in high panic Mode
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