Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.
What is your personal expectation?
Relax mate. We are in the midst of month of August and this is the time where mostly believe of ghost month where everything went down. Obviously sensitive traders and people who are into this belief are probably converted into stable for a while and waiting for this to end and surely will buy back once the market regain again. I dont know but its normal when this month arrived. Btc and eth chart are both fine and we just need more volume to compensate those -10%
Upon seeing this comment I just realized that we are in a ghost month. It's a Chinese belief but knowing how big its economy is and its worldwide contribution then I won't be surprised if many non-Chinese are also practicing the same beliefs when it comes to the open market. There were years also in the past when I used to sell nearly all of my holdings in favor of USDT and then buy I'll just buy again later. Lately, I am starting from scratch so my holding is not big and it's probably the same reason why I am not very sensitive and forgot the ghost month. Anyways, at least I am able to accumulate more altcoins and bitcoin this time.