Happy 72th Independence Day India ! Where is the crypto market heading now ?

Hello Friends,

Happy Independence Day, So we are back with another cool blog for you guys.Hope you are enjoying our previous blogs.In this we will discuss whether the Crypto market is goin up or down now.

Introduction:

Past 1-2 weeks were just very bad for the crypto market, if not the worst.Market capitilization was dropping in billions almost daily.Everyone was curious to know whether this is the end of the crypto or not .It was not only the bitcoin which was falling but the altcoins were bleeding very badly.

But today we saw a pump in the market, when Bitcoin took a sudden jump of 400-500$ and ow it is trading near 6400$.Altcoins are also following the same upside pattern.

Is this the Bull Run Again ?

At the time when many of us were predicting Bitcoin further slump to 5500$ level and 5000$ level, it again proved many of us wrong and took a jump forward and liquidated many short orders.This is an sure-shot example of whale manipulation.They just try to create Fud in the market so that they can accumulate Bitcoin and other altcoins in throwaway prices.Many of the small investors do panic selling and this is what the whales want.

When Btc rise about 5-7% many of the altcoins are up by 8-20%.Finally after a very bad phase we are seeing the greenery in the market but who knows this might be another bull trap.Just take your position accordingly and keep booking profits.

Happy Independence Day:

For all the Indian friends, many many wishes of the 72th Independence Day of India.Freedom is the most important thing one can get, thanks to all the freedom fighters who fought for the Nation.There sacrifices can't be forget.This Independence day, take pledge to serve the society, serve the nation.

Conclusion:

As told in last blog, we are very much bullish about the crypto future in the last quarter of 2018.With ETF approval and R.B.I decision in September, market can touch new heighs again.Don't worry about temporary falls, Blockchain technology is here to stay.

See you in our next blog !

Don't forget to comment down your views.

Thanks,
Sumit Kapoor
@moneyguruu