Today is Wednesday, 17th November, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! If you’d like to read the previous instalment, please follow the link. Off we go!
The crypto market is at its turning point now. Today’s neutral indicator of the fear and greed index echoes and proves.
Few people consider buying Bitcoin (BTC) now, since bulls have lost their advantage and are being squeezed by bears. In fact, close attention to the market has become key to determine the moment when sellers lose their strength. This will open up a perfect opportunity for those sitting outside the market to make a profitable entry. A good card has come, the thing is to play it correctly.
Top altcoins have gone nuts and are now falling straight to the ground, meeting one bottom after another. No position to highlight here, as each coin has seen substantial losses. It will take some time for the market to recover, provided Bitcoin doesn’t end the day with another record local minimum.
Nonetheless, such market collapses seem more agreeable than growth backed up by greed and hype only. The latter implies a plight when no one knows when the players’ uncontrolled exchange of coins will be cut off. As for collapses, all that’s left is to wait for the right moment and saturate your investment portfolio with various coins for a song.
BORA becomes the gainer of the day, showing 80% rise in profits.
Zcash proves to be the loser of the day, shedding over 12%.
Don’t neglect risk management and don’t forget about stop losses. Seize the moment to replenish your portfolio with altcoins at bargain prices.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
|BITCOIN (BTCUSD) ₿||$55,096.42||2.43%|
|ETHEREUM (ETHUSD) Ξ||$4,164.48||2.93%|
|IMM. US (REIT)||$2,733.76||-2.78%|
Receive the latest and best crypto news directly to your inbox