Crypto Market Update Report | The Market Is Red But Don't looking Bearish | Check And Update Your Stop Loss
The crypto market is red because bitcoin is not stable and don't know where to go.
The crypto market is red again but i don't think anything to be panic. But don't forget to put stop loss because if bitcoin goes below $8000 or $7800 then we may see bitcoin to drop hard. Also be active and update your stop losses time to time.
Meanwhile BTC be like, where should i go
Bitcoin is moving up and down many times. Bitcoin need to be stable for a bull market but from 1-2 week bitcoin is very unstable. Still i think that we may able to see a great pump in the market in next 1-2 weeks but no guarantee, as you know that the crypto market is like a chameleon and change its colors in seconds so nobody can guarantee that where it will go.
Currently bitcoin is trading near at $8200 and going down.
To be in safe side in this chameleon market we must use stop loss and update them time to time. Sell bid when when market is up and may come down. Buy bid when market is going in dip and will pump near. In this way we will be in safe side if the bearish mod stay for long period. Using stop loss without knowledge can make you lose you fund as like selling in dip and buying in high, That's way be active and stay updated with your stop losses.
Steem is trading above $3. Which is so good. My hopes are so high with Steem.
Steem dollar is not in green mode like steem but may be when market come in bullish mode we will bale to see sbd to cross steem.
Here are the top 15 coins of the market as per Coin Market Cap
The market is whole red but its temporary. Don't invest much in crypto right now because it can be a wrong decision. May be you miss some profit but its better to be in safe side although it is all on you that how much risk you can take.
Please do not take it as a financial advise. THIS IS NOT A BUY REQUEST. It is just my analysis,opinion and result of readings. So before investing in any Crypto currency, do your own research first. I will not be responsible for any losses
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Ops ! Sry i forget to put sources. Thanks for reminder
No worries, make sure you edit the post for them