The Bloody Red Market | Crypto Market Update, What's Happening.
Bitcoin once again at its lowest after january crash. The market is bleeding with bitcoin.
Hi Traders,
The crypto market these days are being very rude. Every coin is at its lowest. I never seen as much lowest price of coin in my life, from till i am in crypto ( Almost 9 Months ). This could be the best opportunity to buy or the worst also because nobody know where it will go. It can go below its last time lowest of $6000 and also can pump and break it strong resistance of $10000 in a single week.
The support level of bitcoin is now nearly $6300 and can pump from here but if it go below it then we can see more lower low. Be prepared for it.
The market is totally manipulating by big whales. No one no where they will stop and what will be the last lower of bitcoin. If we look at the future or you are i the market for long term then we don't need to care about these sudden dumps or crash.
We can say that the market is not crashing , it is correcting. Be prepared for the next pump or dump.
The top 15 coin of the market looks like below.
Don't forget that in crypto we are riding the waves and we have bear both pump and dump of the market. May be we are now at the bottom or can go more down but tomorrow we will be at the top. Just hodl what you have and show some patience. Whales are testing our patience and if we loose then they will win and we will be in huge losses.
Steem is only trading at $1.74 . This is the lowest i have ever seen after last november pump. Also same for the Sbd too, which is only at $1.37.
Currently i am just holding long term and news based currencies. Long term are for at least 2019 and new based are to be sold before the news. Day trading can be so risky so better stay away away from it.
The total market cap as per Coin Market Cap is only $278B.
Please do not take it as a financial advise. THIS IS NOT A BUY REQUEST. It is just my analysis,opinion and result of readings. So before investing in any Crypto currency, do your own research first. I will not be responsible for any losses
Thanks for reading...
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lets see what happens next days.
I should say my every investment decision proved futile for me. I lost a lot of money so far. But I am not going to sell. I hope the market will recover again.
I also lost lot of money in crypto because i made entry when the market was at its all time high but i know the potential of crypto that's why i am still in crypto.