Post
Topic
Board Trading Discussion
Re: What's next for cryptocurrency?
by
monineklutak
on 17/09/2022, 09:05:50 UTC
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction
Even if prices keeps moving higher it will take a while to draw a complete conclusion on what direction the market is finally heading. If its bullish correction then there will be series of consecutive higher highs made for every support and resistance formed and the opposite if a bear market persists. As of today Bitcoin price is trading below $20k so telling which direction the market will make now is difficult
it would be difficult to see the current situation. the market is in a downtrend and most likely this will hold Bitcoin.
if you expect a bull trend, it looks like we have to be patient. the market hasn't been strong enough to start the high pumps. if that happens I guess there will just be a pump on some assets and then corrected again.
Yes, we do have to understand the current conditions where the market is still in a bearish condition,
there is no other choice but to remain patient waiting for bullish,
I don't know when it will come and it's better to just keep following the progress