Red crypto market today

[VK.point]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

[Coin_trader]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

We are on Bearish market without a sign of reversal. So it's normal that price will go sideways to the known support and resistance which is the 30k and 40k respectively. There is no major news neither good nor bad that's why the price can't reach the confirmation point for the trend. It's better to scalp or short trade right now since the ATR is quite stable per day though.

[VK.point]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

We are on Bearish market without a sign of reversal. So it's normal that price will go sideways to the known support and resistance which is the 30k and 40k respectively. There is no major news neither good nor bad that's why the price can't reach the confirmation point for the trend. It's better to scalp or short trade right now since the ATR is quite stable per day though.

Good advice from you, and I must be very grateful for taking the time to have a warm discussion. I trade in several altcoins as well as BTC. To be honest I wasn't surprised in this atmosphere, because I thought it was very natural. For me as a trader it is well aware, because this is cryptocurrency. One of them is a rapid rise or fall in price. I choose to hold and remain patient. Thank you.

[tabas]

What has caused the crypto market's mood to decline in recent days?

We're having through a correction and that's a basic thing in the market after it has rose a lot.

I lost quite a lot in crypto trading this month.

What's your next plan? to keep holding, sell/cut at loss or you're accumulating more? You should do something or else, you remain holding it and wait until the market recovers.

[leatutz]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

I also wish for a bullrun market, but the market doesn't run as our wishes. I think you can easily predict the next bear market. The next bear market time will be shorter than running time. The same situation will happen during the bullrun. The next Bullrun market will be longer than the last bullrun market.

[Coin_trader]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

We are on Bearish market without a sign of reversal. So it's normal that price will go sideways to the known support and resistance which is the 30k and 40k respectively. There is no major news neither good nor bad that's why the price can't reach the confirmation point for the trend. It's better to scalp or short trade right now since the ATR is quite stable per day though.

Good advice from you, and I must be very grateful for taking the time to have a warm discussion. I trade in several altcoins as well as BTC. To be honest I wasn't surprised in this atmosphere, because I thought it was very natural. For me as a trader it is well aware, because this is cryptocurrency. One of them is a rapid rise or fall in price. I choose to hold and remain patient. Thank you.

What point you buy your current holdings? Holding is good when you buy within the current range since you can still have a profit with minimal chance of last whichever direction price go. Just keep an eye on the support and resistance and make sure you will set stop loss if ever the price breaks the support since it will create a far longer bearish market. I'm still positive on Bitcoin but I already convert 70% of my asset to fiat and waiting for uptrend confirmation before I enter again.

Try margin trading if some your asset is in loss. You can use your losing asset to margin trade and you might recover it once the price moves up even without reaching your original buying price. Goodluck and trade safe.

[imran102]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Due to various news, the market is currently at the bottom. The current position of the market is very dangerous. In this case, it is better not to trade in the market. After a few more days, it will be understood which way the market will go. We have no choice but to wait

[DoublerHunter]

What has caused the crypto market's mood to decline in recent days?

We're having through a correction and that's a basic thing in the market after it has rose a lot.

I lost quite a lot in crypto trading this month.

What's your next plan? to keep holding, sell/cut at loss or you're accumulating more? You should do something or else, you remain holding it and wait until the market recovers.

^ Selling your coin under the price from where you purchase is an idiot move, nothing will lose if you still hold your coin. If you will own 1 BTC that will always 1 BTC. We don't know when the price will go up and begin a bull market, now considering a bear market was right but it does not mean you will sell it. Not all the time crypto market shows green in color, this was expected by the whales to have a red mark in the market because they are manipulating on it and making money, soon it will come back once they will be tired of manipulating about it.

[BintangBuleun]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Two big issues that caused the market to turn red again. The first, that China will remove illegal crypto in its country, and the second Elon Musk will no longer use Bitcoin as a means of payment at the Tesla company. This issue can be right or wrong. However I do think that in some way the issue could affect the market price.

[Hannahanto]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Two big issues that caused the market to turn red again. The first, that China will remove illegal crypto in its country, and the second Elon Musk will no longer use Bitcoin as a means of payment at the Tesla company. This issue can be right or wrong. However I do think that in some way the issue could affect the market price.

Yeah... China has a very high volume in trading cryptocurrencies. Since China banned crypto it really affected the newly launch projects and some other big project in the market and some very bad tweets from elon musk about bitcoin. But elon musk not accepting it as Tesla means of payment is not among the issues that lead to the bearish market. And I don't even understand what happened today ethereum just dumped to 2.2k USD.

[serjent05]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

I think the announcement of China regarding its move against cryptocurrency has a huge effect on the current situation of cryptocurrency.  Aside from that those who wanted to accumulate at a low price see this opportunity to FUD the market and with their huge stash, they are able to crash the cryptocurrency market specifically the Bitcoin market.

[cute nmp]

The reason behind this dip is as a result of Elon musk tweet that tesla will no longer accept bitcoin as a means of payment in the their company and the second news that China is going to come up with strict measures against cryptucurrency .This is what caused  the btc downtrend that has going  on for days the market will surely recover but not anytim soon.

[Ryker1]

The reason behind this dip is as a result of Elon musk tweet that tesla will no longer accept bitcoin as a means of payment in the their company and the second news that China is going to come up with strict measures against cryptucurrency .This is what caused  the btc downtrend that has going  on for days the market will surely recover but not anytim soon.

Well, not only him.
China was also announced banning bitcoin, --every time they will announce it will always have a huge impact on the market. I don't know if they are manipulating the market price. Possible there is a potential that the price will rise in other next days right after the announcement of Paypal that they allow their user to transfer a crypto asset from 5the other wallets. Extend our patient, every time will back after this dip.

[tokoorochan]

The reason behind this dip is as a result of Elon musk tweet that tesla will no longer accept bitcoin as a means of payment in the their company and the second news that China is going to come up with strict measures against cryptucurrency .This is what caused  the btc downtrend that has going  on for days the market will surely recover but not anytim soon.

this is the first reason before another FUD come to market . maybe elon want to wars with crypto influencer regarding energy consumption , but never think his fud that he created with continue with another fud from china till price drop hardly. maybe he is regret now due tesla portofolio in bitcoin getting minus due his action.

[hari9981]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

We already face many downtrend and uptrend, just enjoy it. If you have more money you can try to accumulate more, if no just hodl tight for the future...

[Princeofpoetry]

many negative issues make the crypto price decrease. I read the news that several countries such as China and Iran prohibit mining. this is what affects the market is not excited. I advise you not to sell cheap (if you have bought top coins) hold it, wait for the market to recover then sell

[crzy]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Why do we to depend on someone? The market will always go for corrections and that is why its happening now after reaching so many all time high, now is the best time to accumulate again. If there’s a lot of good news like accepting bitcoin as a mode of payments on many companies and even China makes a final law accepting Bitcoin, these are the news that we needed for.

[Viscore]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Why do we to depend on someone? The market will always go for corrections and that is why its happening now after reaching so many all time high, now is the best time to accumulate again. If there’s a lot of good news like accepting bitcoin as a mode of payments on many companies and even China makes a final law accepting Bitcoin, these are the news that we needed for.

We are in a bloodbath and this happens yearly so we should be used to it. The reasons of this recent dump might be China banning bitcoin and Tesla decided not to accept bitcoin payments. So we should wait for positive news to come and surely the market will start to recover.

However, this current bloodbath is a good opportunity to accumulate more bitcoin in its affordable price. The price won't stay dumping all this year and it will definitely rise up again. So start investing now and expect huge returns when bitcoin price rise up again and settles at a new peak.

[SacriFries11]

many negative issues make the crypto price decrease. I read the news that several countries such as China and Iran prohibit mining. this is what affects the market is not excited. I advise you not to sell cheap (if you have bought top coins) hold it, wait for the market to recover then sell

Yes, Bulls cannot handle the momentum yet. I think they still want to get lower and have some sort of corrections so that we can prepare, all can prepare for the next stage of bullrun. I don't believe that its already finished. We need this correction to surpass the current all time high. Hold and add some good tokens in our bags is the best thing to do right now.

[AmoreJaz]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Why do we to depend on someone? The market will always go for corrections and that is why its happening now after reaching so many all time high, now is the best time to accumulate again. If there’s a lot of good news like accepting bitcoin as a mode of payments on many companies and even China makes a final law accepting Bitcoin, these are the news that we needed for.

We are in a bloodbath and this happens yearly so we should be used to it. The reasons of this recent dump might be China banning bitcoin and Tesla decided not to accept bitcoin payments. So we should wait for positive news to come and surely the market will start to recover.

However, this current bloodbath is a good opportunity to accumulate more bitcoin in its affordable price. The price won't stay dumping all this year and it will definitely rise up again. So start investing now and expect huge returns when bitcoin price rise up again and settles at a new peak.

correction is always part of a healthy market. and so it is not surprising that we are experiencing now with the correction. though there are some negative news like the ones coming from china. but i guess, we are already used to this.
but don't forget some good developments like biden included in their 2022 budget the new crypto reporting proposals , which i believe, is a good one, because it means, they are now recognizing crypto as part of companies' or individuals' assets. so they are just providing some regulations on how to handle this matter.
and more companies are coming out to hold btc in their balance sheet, like Globant , but i guess there's more of them. this means, these companies are believing the potential of btc as part of their assets.