Usually nothing too busy happens when there is a downward movement of price of goods also in real world. So at the moment expect that the price can either remain dull but it will still accommodate those willing to take risk by gradually buying until the market recover. I think with this second quarter running, we may just be slowing down a bit until the push begins to happen towards the end of the year. RSI is still a little slow on a weekly chart, that could mean not much expectation for the moment.

So much is happening around binance and coinbase now which is only about the fight to pull bitcoin down through the different regulations. Binance is somewhat facing jurisdictional restrictions like in Canada. News has a way of discouraging investors and that is enough to push price down.


Generally investors like to stay away in trouble waters. So you may not consider it as a challenge but many new hands don't want to lose anything from when they invested. Oh... you will be happy if price goes down to $20k right ? Anyway, nothing is impossible with history prior to halving year

Yes very few people will expect that bitcoin will increase in price now that two major exchanges are being under litigation by sec. It is expected that panic will further force price down than it will go up. The dropping is going to gradually happen maybe until it dropped to a major support like $20,000 before DCA investors and other random investors starts coming in again after building confidence. I think $20k / $21k is a major support for now.

Fibonacci for me is not that reliable to have only it determine the level of price because you can draw it to suite the candle you are targeting. If you are looking at the weekly time frame then this week should close for you to be able to predict on it using the last and closing candle. The current candle buying at $27k though looking bullish may have a divergent and end on bearish below $27k and around $26k which may signify a bear trend. So the candle has to close for you to redraw another Fibonacci which is always biase and subjective.


Weak hands are not the whales, so they will run away because they don't want to have a little drop in the value of their coins. They only cause a little fear because they are not major hodlers.

I'm not aware of this that companies would stop there employees from trying to source for alternative means of income with trading of cryptocurrency. I think that will be against the freedom of the employees and I think it shouldn't be the business of the employer to look into the privacy of those working for them if they are not using the time for their paid job for trading. If they are performing their jobs effectively then no need stopping them especially if they are not trading while in office or in office hour.

There is nothing wrong if a newbie come to ask forum users on such question even as they may have the knowledge from people that introduced them here. You should understand you have been in that shoes before now and no need to criticize them a lot Asking is perhaps to get a confirmation from other users and also to try their luck to be merited on their thread. Nobody likes to stay stagnant in a place, everyone strive to be at the top and that is what newbies try to do and if they don't succeed, then they give up. They need some level of encouragement.

Have we not considered that for sometime btc have not had a major hit on it to have such effect to pull it down and get it ready for the bull after halving because the whales will buy in and who are the whales should now be our question to ask. Sec is playing a suspicious roll on this. Yesterday some big hodlers sold after the news of the lawsuit and later bought back, I think the wise investors are waiting for this as opportunity.

We need every money that we have. Nobody says he doesn't need the money he has because people keep struggling to make more money. I think regarding to investment, the right saying is not to invest as much that you can bear if you lose it. Like you have rightly stated that it is a risky market with cryptocurrency, you can have profit doubling your capital in a day and you can also lose all of it same day, so to trade with good money management will keep you in the market longer. All monies are needed but we decided to invest some on a risk to get more.

The volatility with price now can be traced with what is coming out from binance legal challenge and allegations with sec and restrictions from some countries. If that is what you call fundamental news maybe and that is going to create more panic until it settles down. However, it shouldn't affect the price of bitcoin for a longtime because bitcoin has a way of moving on after the news. News is a time to make quick profit and quick loss.

Whenever there are fundamental news, the price direction is not certain. This week we have seen some breaks spontaneously and whether that will stand or not is still at nobody's decision. Today the price recovery is gradually building up , perhaps their could be panic from the binance happenings that may still push price down in the course of the week. I expect MA at the longtime to show a clear direction but not this week, we can expect more unstable pricing for this week.

If the figures you gave is to be looked at, I will say no matter the dip for yesterday and since two weeks ago should not discourage hodlers. The dominance of bitcoin is still not contested and the halving that is approaching will further increase the dominance hopefully, so DCA at this price is still a good investment idea because soon the appreciation of price will be achieved. I won't dump now but to invest more.

This is like some of us when we started, it was just about jumping in and out the market multiple times in a day for profit and at a point lucky comes to the rescue and you keep doing that until a time when the trend will change and you find yourself losing steadily and never finding the challenge, newbie will always be newbie. So reading or trying to follow the books may not work for newbie but it is the failing rate that will either make them to stay and look for solution or give up on themselves.

This is the best part of using something that will add up to you to give you a confirmation to your trade. Sometimes using another strategy in the trade helps like you have rightly pointed out. Like indicators can at times coverge at a point which is either a support and resistance and for me if I see such, I have more confidence that is a good trade to take but stop loss is activated because anything is possible in trading..


Yes, I do experience such. It confirms a trade to be taken. It is nice to use more than one strategy especially indicators.

This is still not finding a good landing in my head. As far back 12 years age, you don't know this forum and yet you are a trader... Alright then, which exchanges do you trade with then and which do you trade now?

Being an experienced trader who makes huge turn over like you want to do again, so what is your prove of work? Your trade history will get more people to believe but now people will hardly believe your 15 days trade journey for now.

This is typical of saying you can't do the same thing continuously to expect a different result. Hours invested in something may not really mean effort because it may mean that it is fruitless when the mode is not in the right ways. Someone who spend a little time but we'll utilized can get a better result. This is why before you invest in a project, you need to make time for your research work so that to be sure you are investing in propsr project but if you make the mistake of wrong investment then you will be running in circles and that means all hours in effort will be long wasted time.

I think you seem to be careful and having a plan you believe in and that is good but you only mentioned about your selling plans to make profit. So how do you also make profit in the bull time. Do you leverage on the same strategy ?

However, trading high leverage or low leverage I think is also a risky strategy.

It is not only that you have to have the mentality of if you can't make more money, don't lose the one you have, but you have to ensure that while having losses that it is very minimal that it will be insignificant to your capital. Like if you are losing just $1 to $5 in an account of $250 then you are properly managing your trade but if you only want to retain your capital then you may not be taking proportional risk that can grow your account and you will be stagnant. Meanwhile setting a stop loss and take profit is the right direction for a good money management

Staying only on those may be the beginning of your confusion because most times the figures do not add up to what is going on in the market and you are going to be confused more if you don't know anything about technical analysis, money management etc. Trading cryptocurrency does not require reliance on government figures or agencies.

Not that much. If you can trade forex then you can trade crypto with same perspective of buy and sell but forex has better guide than cryptocurrency.


Individual government also can manipulate their currency outlook and if you are a newbie trader you may keep losing your capital in forex trading.


Cryptocurrency trade is permissible depending on the country you are trading from, if you are in a country where they have friendly atmosphere and space for crypto then you can freely have your way in your trade.

Nothing different that I think will happen in the month of June at least nothing significant. The month of May and June are the same thing in the history of bitcoin so we may still see that the price may almost stay how it ended in May or a little bit to $30k because of those DCA in expectation of a rise after the correction few months ago. Apart from that, strong hands will still hodl and I don't expect volatility at this month but things can still change.