Re: What is happening again? The market is looking all red!

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.

Yes indeed the market is showing all red with few exceptions but I am sure that this is not going to sustain for long. It is just the after shock of the major downward trend that the market has shown for last few weeks. That's very normal for the real life stock market and this crypto market as well. It is just saving the energy and strengthening its ground to take the next leap. So chill and wait for the best time to enter.

The bitcoin price is currently standing at $3700 level so it looks really good time to enter. Start buying in small amounts and accumulate. I am doing the same at this moment.

We can't now decide whether it's a good level to enter it. It can decrease more than this. It is only up to a chinese manipulation to decline for hundreds of dollars. It will be hard to catch old bullish market.

amen! the markets obviously havent completely recovered, and to be honest it seems like we will down before we go up. it took that massive flash crash we saw recently, in order to boost confidence even for that short lived run (we got knocked back down with additional unsubstantiated rumors) i dont think the China news is completely priced in, and it will take additional clarification before the market feels good enough to rebound, or at least behave normally. the eth tokens are taking the worst beating in all of this; the underlying asset is devaluing AND people are fleeing the asset to get to eth or btc.

firesale prices Wink

but this may not be the bottom. and these fake pumps are getting old.