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Market seeming flat? Don’t worry, we are yet in the bull run cycle.

The cryptocurrency markets experienced a major flash sale 2 days go because of which coins are finding it difficult to retain the higher levels. Coins like Ethereum fell from the $4,000 mark to $3,500 and several other coins corrected more than 20%

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Market seeming flat? Don’t worry, we are yet in the bull run cycle.

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  1. Market seeming flat? Don’t worry, we are yet in the bull run cycle.

  2. The cryptocurrency markets experienced a major flash sale 2 days go because of which coins are finding it difficult to retain the higher levels. Coins like Ethereum fell from the $4,000 mark to $3,500 and several other coins corrected more than 20%. Does this mean we are now in a bearish market? Answer is no, we are yet in a bull cycle as these coins managed to gain momentum after taking support at their respective support levels. This is an indicator of a bull market and one should use these flash sales to buy into the dip and earn a quick buck. If you want to cash in and are wondering how to buy Ethereum in Canada then stay tuned. This article will help you get started with a few indicators to understand a lasting bull run.

  3. What are the indicators to a bull run in the cryptocurrency market? The cryptocurrency market witnessed a slumber phase between April and July 2021. However, towards the end of July, the market seemed to have given a reversal and until the last couple of days, we have seen a major recovery in the prices of all cryptocurrencies. Here are some of the parameters to look at to understand a change of trend in the market.

  4. 1. Volume: The volume of the cryptocurrency markets during its slumber phase was relatively low which is why we witnessed a steep downfall and thereafter a sideways consolidation. Ever since mid-July, these volumes shot up which brought about a buying power in the market and the results are right in front of us. Bitcoin which was at $30,000 is now trading at $46,000 (50% gains in less than a month) 2. Rally in Bitcoin prices: Usually it is Bitcoin that drives the cryptocurrency market, each time we have witnessed a rise in the price of Bitcoin every other currency tends to follow the same trend and the same applies to a downfall. Currently, Bitcoin has rallied more than 50% in the last 20 days and most of the other currencies are still available at discounted prices.

  5. 3. Sentiment: This is one of the most crucial factors, whenever the market sentiment is low we witness a downfall but as soon as that starts reversing we tend to witness a rise in the market. Now that you have all the information you need, what should be done now? The exchange platform you choose is of paramount importance. So, you need to conduct thorough research about where to buy coins like Ethereum, Litecoin etc.

  6. If you want to know how to buy Litecoin in Canada then platforms such as Netcoins Canada can be the best option for you to start your trading journey. All you need to do is open an account on the platform by providing your personal information. Then, you need to transfer money into the account and begin trading. Make sure to stay updated with all the changes taking place in the crypto market so you make wise investment choices.SOURCE CREDIT: https://medium.com/@netcoinscanada/market-seeming-flat-dont-worry-we-are-yet-in-the-bull-run-cycle-9838381bc3ef

  7. YOU FOR THANK WATCHING

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