Post
Topic
Board Economics
Re: How Long Crypto market will take to recover?
by
Underlord
on 20/08/2018, 13:38:26 UTC
I wish I could give you a more straight forward answer, but I am not a cryptographer who has good predictions and no one knows the price direction of crypto in the future.
Although crypto economy is still maturing, we can observe similar patterns as in traditional financial markets. We can see constant transitions from bull to bear market and vice versa.
Traders often use technical analysis to identify trading opportunities, but you need to consider external factors such as influence of media and psychology of the market which can greatly affect the prices.
In hindsight 2018 has been a huge year for crypto. Although has been dropped significantly since the time of the year.