Post
Topic
Board Trading Discussion
Re: What's next for cryptocurrency?
by
TheUltraElite
on 17/09/2022, 10:18:12 UTC
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.
The market is in bearish mode with slow correction happening, but bearish indeed. Hence at the point holding and waiting it out seems like the best method to proceed. Buying should be done if the price drops but carefully being expectant about more drops. Uptrend will take some time once the correction allows a gradual bullish trend to start, but should not be the focus for now.

It is best to avoid the market on such days, wait this weekend out, we might see better movements from Monday.