It's been a while I posted here friends and its wonderful to see how time flies soo quickly. We are now in the last month of the year, expecting gifts from friends and well wishers. You either the giver or the receiver. Talking about gifts, guys! what as the market offered to you or taken from you ? I should believe so many of you made a fortune from the market during the uptrend. IF you didn't, well you have missed the circle, maybe you need to be prepared for the last one.
BUT HOW IS THE MARKET DOING? well the crypto market isn't doing too well this week, not surprising seems like this is what santa has to offer. Bitcoin the market king dropped from the all time high of about $108k to about $96k, as alt also follows dropping drastically more than 45% of their recent gains. some traders and investor are wondering this could be the end to the bull market and we might be entering in to another bear season.
The thing is; people are use to panicking when a little correction occurs in the market, the feel that could be the end of the overall trend. sadly, not just panicking only within their selves, but they get others to do same, resulting to massive selling and pushing the market lower than it should go. the crypto market is still bullish, we are only experiencing a major correction. The market will change if we break below $85k. Let's take a look at the chart
Before we begin to consider market changes, we must break that low at $85k, and go lower. But at the moment, the market sentiment is still bullish. I am still bullish on the market, I don't know about you, it's not a financial advise though. so what am trying to say is; we are currently in the corrective phase and we will soon bounce back. Trade wisely and merry xmas to you with plenty of goods.
