Volatility in the crypto market has once again increased. A few days ago we saw a recent crash where most coins went through a blood bath even Bitcoin which is usually slow and investors favorite coin dumped 25%.
But within one day recovery started again and in three days good recovery happened.
But if I talk about today, the market has again become more volatile.
#Hive coin crashed 9% today in a single day.
Now, what could be the reason or news behind this?
It is not possible to say right now until confirmation comes but one thing I am understanding is a lack of confidence among investors.
Almost all coins are at their alltime lows and right now the market is offering coins at discounted prices like a sale environment but still fear is very high among investors.
The Fear Index has reached 34 while just a week ago it was 75 greed.
So, what could be the reason for this recent dump? One reason that I understand is investors fear, they are scared that maybe a bearish trend has started nd if Bitcoin falls more from here then altcoins will fall even more. There is an environment of fear and their reason is valid.
Because no one knows whether the trend has changed or not except the whales and manipulators. These whales and manipulators are always in profit and whenever they want, they drive the market. This could be the reason for the crash and it’s also possible that the market may fall more.
In this situation of fear who will get profit and how?
That’s a very good question.
When everyone is selling then who are the buyers? It needs to be answered.
According to the chart and index, retailers and individuals are selling so who is buying right now??? Any idea?
Could it be that whales and manipulators are filling their bags at cheap prices?
Always remember one thing..
When the market is in fear you should be greedy and when the market is greedy you should be fearful.
Recently, the market was at 74 greed and we saw a dangerous crash this happened when most individuals were buying and the whales were on the sell side.
Now, the market is at 34 fear, individuals are still selling and whales are busy buying. As long as you understand the movement of whales you will keep making profit but if you go against their movement you will face huge losses.
Now, you have to decide...
if buying is happening in the market then who is doing it and what could that mean?
My job is to inform you the rest depends on how you understand it.
In this market for survival you need to understand the market movements properly.
#Hive coin has dumped 9% and is now sitting on a strong support. Is there a chance of a bounce back from this level??? Share your opinion in the comments section so that the next be even more better.
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Thank You!
Best Wishes.
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