Post
Topic
Board Trading Discussion
Re: Cryptocurrency Huge Down from ATHs. what will happen the next ?
by
teosanru
on 15/09/2022, 21:07:31 UTC
#Bitcoin -65.8%
#Ethereum -74.9%
#BNB -67.8%
#Cardano -85.4%
#XRP -90.9%
#Solana -89.8%
#Polkadot -87.9%
#Dogecoin -92.6%
#WBTC -66.6%
#Tron -72.8%
#ShibaInu -91%
#Avax -89.6%
#FTX -70.4%
#CRO -87.7%
#LTC -89.7%
#Chain -24.9%
#Polygon -85.9%

Information posted my Watcher.Guru https://twitter.com/WatcherGuru/status/1536369486152060930?t=iEd5355q_Gl1MR8uNB-xKA&s=19

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?
What will continue will be a long phase of accumulation where the big sharks and institutional Investors will fill their bags properly. The bear market will last until these guys are able to buy their full bags, you can easily spot accumulations on bear charts, with phases when the price doesn't move a lot but the volume suddenly spikes something which has been happening since last few days maybe due to the merge. Ironically this is a necessary phase of the market as experts say the longer the accumulation the higher the next high will go. Market might recover a bit but don't expect another ATH anytime soon.