Red crypto market today

[smyslov]

Crypto has been a bearish market for over a month. People may argue otherwise but the price average are coming down every week and every correction towards larger prices are missing last higher price. There's been a good resistance for bitcoin at 30K but when breached, the price would easily go as low as 25K by this month. It is also a good time to fill your bag with cheap coins.

When the Market is in red people are asking why we are in red, when the market is in green people are asking when it will end and when is the start of the bear trend, people still questioning, the potential of Cryptocurrency and they still have this thought in the back of their mind that it's a bubble waiting to explode anytime if you have this thinking you are losing a lot of profit.
It's a dip it's time to make a profit.

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[smartaction]

Sometime crypto market going down for some bad news. Like cryoto has been banned from india, China ETC. But it is recovering quickly again. Btc now on 30-32k usd Support then BTC can hit 40k USD

[Golftech]

Its not the first and last dip on the market. The main question is - is it the end of bull market or not?

don't panic, some countries are already using Bitcoin as a legal tender,
of course if other developed countries follow el salvador's steps then bitcoin will break out and fly to the moon,
I'm sure many whales want low prices, because they know the future of bitcoin is very bright!,
and the price can reach more than $100k, dont sell in this price, because this price is a cheap price!

That's still facts, there are whales who are still working behind, making sure that they'll still have that

control over this market, The idea that the popularity of this asset will continue to move forward and

new investors will be there to start their venture inside this market will bring the value to rise up.

[zonefloor]

The latest tweets by Elon Musk and Tesla caused the big drop that accelerated the downtrend correction. In my opinion, the new correction will happen after Btc price crosses the $32000 level. Alt season will be bloody if the recovery doesn't happen in 2 months.

I am very confused how Elon Musk can manipulate the market in this way. He entered this market only yesterday, but any tweet he sends officially determines the fate of investors in the cryptocurrency world. I am also waiting for an improvement. As you said, if this improvement does not occur, the bear season will officially start in my opinion. At the moment, the market is in good shape, but for this trend to move upwards, the $32,000 band must be broken upwards solidly.

beside blamming elon musk , we have to blame our self why we could easily influenced by his tweet? as crypto community which survive for long term , we must understand how this market cycle work. it should not happen , single tweet from a man could make us panic and selling our assets. if compare with fud in 2017-2018 its nothing, we were several time face it. 

I absolutely agree with this view. We have been in this market for years and we follow everything closely. The person we call Elon musk is someone who has just entered the crypto money market and has not provided any benefit for cryptocurrencies. But he managed to manipulate us very nicely. So how did he achieve this by tweeting? In my opinion, he used the power of his money seriously and used social media very well. After this time, our duty is not to be manipulated quickly in the market.

[Silver80]

because of China, the blind merchant Elon Musk, and the global economic collapse caused by the Covid-19

[Review Master]

Finally, market is under controls of bulls as of now. Lets see, bulls will be able to maintain the support of $40k or not. Looks like, red crypto market or correction is almost done as more and more good news are publishing and even tesla would resume bitcoin transections as per elon's tweets. But don't know what's waiting for bitcoiners into the quarterly profit sheet from tesla in July.

so why many people panic when China make bullshit announcement every time, maybe you can see when bitcoin under $3000 China ever banned bitcoin but bitcoin keep going to higher price.

It's because of fomo and everyone isn't like us as many users are newly entered into this market within this bull run or they're not aware of those. That's why everyone's on panic to sell off so that they could secure the profits, even many of them didn't care about the losses. That's how the market works and those panic users are also buying today. As a result, bitcoin is pumping just like huge dumping. 

[carlisle1]

so why many people panic when China make bullshit announcement every time, maybe you can see when bitcoin under $3000 China ever banned bitcoin but bitcoin keep going to higher price.

It's because of fomo and everyone isn't like us as many users are newly entered into this market within this bull run or they're not aware of those. That's why everyone's on panic to sell off so that they could secure the profits, even many of them didn't care about the losses. That's how the market works and those panic users are also buying today. As a result, bitcoin is pumping just like huge dumping. 

Newcomers commit many mistakes along the way, but experienced will teach them how to treat this business,
those who sell at panic losses their investment, after that those who still considering this venue of investment
realize that the chance still there for them,

 they are now starting to buy back and start bringing more money inside the market, Red and Green market are
normal it's up to every investors how to treat this opportunities in order not to be left behind from any market sentiments.

[2tang]

because of China, the blind merchant Elon Musk, and the global economic collapse caused by the Covid-19

A little correction from me, the Global Economy is not collapsing because of covid-19 and Elon Musk is a person who is smart in carrying out his strategies not someone who is blind in trading.

[SacriFries11]

A little correction from me, the Global Economy is not collapsing because of covid-19 and Elon Musk is a person who is smart in carrying out his strategies not someone who is blind in trading.

It's good to know that Tesla is planning again to accept BTC if miners will become responsible for switching their power to renewable resources. I know it will be the best for all of us if these miners will switch to renewable energies to mine BTC since a large of power is required to mine BTC. Now the prices are continuing to recover after weeks of red crypto market. It seems that it already bear market, the graph shows that we are on our way to it but I'm not 100 percent sure about it. There are still possibility of pump since a lot of adoption still possible like El salvador.

[Alisha-k]

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.

You can't predict the trend of any market you only trade with the trend. Always remember "the trend is your friend" if you stick to this you would make more money trading any market whatsoever but the moment you try predicting where you want the trend to go you loose out of the trade and starts having lots of losses which would affect your trading account and. Might even blow than your account if proper risk management isn't employed

[BIN-BIN]

We have to get used to any market situations because is hard to predict what will happen in the future for the cryptocurrency market that is why it is termed a highly volatile market. Get used to this and equate yourself with the market trend.

[Farma]

Entering the middle of June, now the price is starting to rise to $40k, meaning the price is starting to recover. however, it looks like the prices of other altcoins have not recovered. currently, I'm still waiting for a higher price than this. after all, a lot of the causes for bitcoin and altcoin prices to drop a while ago, but I think that the price increase might start happening again.

[CaptainCrapper]

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.

The market is not in a stable situation now. all of the small traders was a problem. they can't withdraw their capital for red zone market.i thinking we have to wait for good something.

[rozak]

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.

The market is not in a stable situation now. all of the small traders was a problem. they can't withdraw their capital for red zone market.i thinking we have to wait for good something.

The current situation is still very confusing. because market movements are also unpredictable. but precisely like this will be an advantage for traders. they play an important role in every movement in the market.
there is a concern that we are in a downtrend that is preparing to move.

[bekti3]

A little correction from me, the Global Economy is not collapsing because of covid-19 and Elon Musk is a person who is smart in carrying out his strategies not someone who is blind in trading.

but with this pandemic, it has indirectly made the world economy slump, not only for small and underdeveloped countries but also large countries where the economy is strong. indirectly they also feel the same impact.
besides that, Elon is also very clear with his strategy, especially in terms of market manipulation that he has been doing and not only that, Elon can also lead his followers to believe in what he is doing and the advantages of a billionaire can be seen here. actually what Elon did was not wrong, the problem was when he manipulated the many people who followed him.

[ILuckyGuyI]

I don't like to say this but thanks to Elon Musk, things became better after his last statements. But it didn't last long also. The previous FUDs just destroyed the market and still there is not much recovery. It looks like we need more time to see the market starting to go upwards.

[Princejebs]

We have to get used to any market situations because is hard to predict what will happen in the future for the cryptocurrency market that is why it is termed a highly volatile market. Get used to this and equate yourself with the market trend.

It's so obvious that's influencers are now the true definition of bitcoin and other altcoins. We call it bitcoin or cryptocurrency because there is no central authority or power but now a days, a tweet from a common man makes traders and investors go shivering with panic and fomo just to get some few dollars.
The media is playing huge impact in this bull run, I don't know how long they will last to keep the price or pump more to break the previous all time high. Finger crossed and watching in all dimensions.

[Maslate]

I don't like to say this but thanks to Elon Musk, things became better after his last statements. But it didn't last long also. The previous FUDs just destroyed the market and still there is not much recovery. It looks like we need more time to see the market starting to go upwards.

Don't expect that people will still believe on Elon Musk, he already destroyed his reputation, the fact he back DOGE and bring it to the moon, that's a clear statement that he is into the manipulation game and investors doesn't want to follow that kind of personality even if he is so popular as one of the riches in the world.

[pedrillo0]

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.

The bitcoin market is near the death cross, a scenario like 2018.

Although it was bullish a few days ago:




But it is only delayed and it could be the end of July, but you know nothing is certain in these markets.

For now, watch out for any scenario...

[hodap]

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.

The bitcoin market is near the death cross, a scenario like 2018.

Although it was bullish a few days ago:




But it is only delayed and it could be the end of July, but you know nothing is certain in these markets.

For now, watch out for any scenario...

It looks like we had this scenario a couple of times now where it is on the brink to serious crash but then out of a sudden it stabilized quite a bit. Today the same situation and I am curious where we will end up in 24 hours from now.