Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
after the price drop few days ago because of corrections, now the price of cryptocurrency growing again my friend
maybe a huge movements on price will be happend in the near time buddy, so, you don't need to worry
Yes, for sure. But the big change here could be that the price of Bitcoin will drop drastically as people who bought Bitcoin at $ 20,000 sold off in order to get their money back.
In investment, we can not be subjective and just look in one direction like that. We have to set up the most complete trading plan, we must put out the worst and best cases. When we have enough information and data, our trading plan will increase the win rate and your capital will also be safe if the market goes against it. Hopefully this knowledge can help make your trading strategy better buddy.