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- #61
Yeah, August is going great around Cryptocurrency. I didn't expect the coins to be moving to the direction they're heading at the moment after the uncertainties that marred its growth.
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Oh... it was actually august and July ending that experience the surge in price meanwhile sept is another month for correction...We can't say for sure but many people are hopeful that it will. Experts predicted that it will be up to September before the bulish run emerges.
Well that is the crypto market for you,you cannot be guarnteed of the price increase or fall,but there are a lot of factors involve that can make the market to swing.But these con do have a good prospect.At this point, BTC and ETH is improving, and trying to bounce off from the bearish run that has been on effect for more than three months.
BTC is currently valued at $42,840 as at when I checked CMC, with +4.75 increase in price in the last 24 hours.
ETH on its on, have seen the best price improvement since the bearish started early May. This week alone have seen it record close to 30% increase in price. It went from $2,300 to $2,919 in the last seven days.
Do you see the coins recovering from the bearish run and going bullish??
I understand that their is always guarantee for price fluctuations of the coin. As a trader, we ought to keep close eye on the coins to discover potentials in each of them that will spike over time to invest in.Well that is the crypto market for you,you cannot be guarnteed of the price increase or fall,but there are a lot of factors involve that can make the market to swing.But these con do have a good prospect.
That is just the only avenue to really know how a coin is doing which will determine from your analysis when to buy or sell,it calls for close monitoring of the market and the trade as well.I understand that their is always guarantee for price fluctuations of the coin. As a trader, we ought to keep close eye on the coins to discover potentials in each of them that will spike over time to invest in.
If you spend quite some time monitoring the coins progress you'll come to know the ones doing well and the ones simply suffering from price fluctuations. Which will enable you analysis the market on your own.That is just the only avenue to really know how a coin is doing which will determine from your analysis when to buy or sell,it calls for close monitoring of the market and the trade as well.
That is actually correct,though i am not a constant trader on the market,but recently i just decided to be monitoring some coins and how they are performing,and i have been getting and understanding how some coins are doing.If you spend quite some time monitoring the coins progress you'll come to know the ones doing well and the ones simply suffering from price fluctuations. Which will enable you analysis the market on your own.
Those that actually wise are really taking their time to make sure that they buy on limit order because it is the only way that they are going to be able to make a lot of profit when the market prices booms again.The bearish run lasted longer than people expected that so many investors in the crypto platform were afraid as whether they should sell now or not. But thank God the coins are gradually recovering just as stated above. Thanks for sharing.
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The bearish run lasted longer than people expected that so many investors in the crypto platform were afraid as whether they should sell now or not. But thank God the coins are gradually recovering just as stated above. Thanks for sharing.
Post automatically merged:
The bearish run lasted longer than people expected that so many investors in the crypto platform were afraid as whether they should sell now or not. But thank God the coins are gradually recovering just as stated above. Thanks for sharing.
Most traders right now don't even know exactly what to do because the market has been very erratic over the couple of weeks which makes it very difficult to determine how the market will goAs at the moment. Bitcoin and Ethereum are on the bullish engulfment. For some weeks now, although there was a dip some days back but these two coins will reinsurge soon.