I am now looking for a reason on the forum. Such a good upward trend yesterday, but it has fallen so severely today, I am now very confused! ETH even dropped by 10%!
Not sure where you guys saw an uptrend from, but what happened before this further downtrend was a bear flag, but sure, I do not understand everyone to get that. The market is still in a downtrend and we are not out of it, and until further notice, there is always going to be a possibility of going lower. If you cannot trade, just hold as the market will still recover no matter how low it gets, and if you have bucks to accumulate the dips, now is the time before you start regretting you had the chance to buy lower and you did not.
At the present time no serious reasons or negative news for the fall of the cryptocurrency market. For the last two months, since the beginning of May, trading volumes have fallen rapidly, which naturally drags down prices and losses in capitalization.
Trading volume are always bound to reduce when there is uncertainty in the market, so, it is nothing unusual. For now, we just keep close watch to see where we get to see the bottom but it seems we ain't close. Anyone of us may end up wrong, but we are in a bear moment and anything is possible.
