Mid April is historically when we hit the tops of altcoin bull markets. The gains made in recent weeks are not sustainable by any means, even if you believe in crypto (as I do in the long term). We need a significant pullback to shake out all the weak new money, not this sideways consolidation snoozefest
Does it mean that after the pump it is not interesting anymore? Or it will just drop but continue the overall but less steep ascent? (Knowing that nobody can predict anything for sure)
Kingstevieb
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@bioh4cker, it honestly depends on a number of factors. For example in stocks 20% or more is normally a bear market and less is a correction. We have no such thing for cryptos. There are cryptos that will pump 200% and pull back 50% and then pump another 100% and pull back 40% and all of this within a relatively short period of time. With that said it certainly indicates weakness to follow. In terms of for how long I would evaluate whether or not buying back in is worth it after the drop ParaEye indicates.
bioh4cker
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@Kingstevieb, thanks mate for taking the time to reply. I don’t understand much but it is good starting point to start doing some research on google.