Post
Topic
Board Altcoin Discussion
Re: Bearish Cryptos!
by
Ridwan Fauzi
on 05/09/2020, 13:27:31 UTC
Tezos shrink by 9% as Chainlink and IOTA too plunge by 8% and 7% loss respectively

Read more https://coinpedia.org/price-analysis/market-moves-bearish-with-xtz-sinks-9-link-8-miota-7-loss/
A bad month for crypto currency, seem like we will find another dump in this year since if see in another september the monthly candlestick will always red, and I think it could happen now. Take a look with bitcoin's price movement (most altcoin's price will have the same path with bitcoin) its strong support has been rejected. I'm still remember that we need at least three months to break out this support but at this time we just at least three days to destroy it.

I think it has happened in most altcoin as well, not only tezos or chainlink but almost altcoin's graphic. But, actually you still have a chance to gain profit with this bearish event, exactly with trading in the future market. You can make a short position if you think the altcoin 's price will fall later, but yeah it is a high risk that will you face, unless you have more knowledge again trading especially you have mastered the technical analyst strategy.