Looking At the market today it seems that the bulls legs are broken and the bear is ready to attack. The last few weeks we have seen this down trend that’s seems to keep going and going like the energizer bunny.
Looking at the chart above you can see the down trend/sideways trend. This chart is a great example of how volatile the cryptocurrency market is overall. If your new to the crypto market now is a great time to get in on that coin you been watching. There are some great sales going on now . When I say that I mean up to 50% off some coins. It is up to you however to do your homework before investing in anything.
If your already invested there’s nothing left to do but ride the wave and see where it goes from here.
With the market being so low however some are questioning wether the down trend will continue. The fact is nobody knows and the market could regain traction and take off in a split second.
However there are some reasons behind this down trend. There’s lots of negative news coming out of South Korea about taxing cryptocurrency. The IMF has also called for global cooperation in regulating the market. Once this storm passes we should be seeing new highs once again.
Until Next Time.... Steem On :)