Hey guys, I am invested in cryptos since July 2017 and saw how all coins going high in May 2017 and then very low in June 2017.
The charts of mostly all coins look very similar like in May and I am thinking about the possible scenario of a market's pullback
Are there any signs which are like in the days before?
Because the data right now are that exchanges need to close acceptance for new users because they can't fill the demand. News are completely contrary.
Is it also possible that the uptrend continues? I prefer keeping my profit and reinvesting it instead of waiting till my -50% go up again.
I appreciate your thoughts.
It's hard to say with certainty, it's possible that the uptrend can continue but slow. It's also possible we see a pull back. My guess of what is most likely is that soon bitcoin will start to pump again and then all alts will pull back as money flows back in to bitcoin.