 We put the Fibo covering the entire BTC graph. Today BTC is clearer. - The Fibo level 38% match points 'a' and 'd'. - The main trend and 61.8% match and today the price touched them. And match with c-b=e-d. - Today BTC is en the best support, match with 'e' Elliot point. - And last but not least, the great bullish volumeĦĦ of today is equivalent to the bullish volume after China's past crisis in 15/09/2017. Today in bifinexx, is the biggest highest bullish volume in the history of the BTC, in daily temporality: https://steemitimages.com/DQmfUxo7ZJLbbuUN4HY3tkUDMPtnVNw8m1Kfob4LJevsgQw/image.pngBTC has to consolidate the 7k - 8k, and then attack the upper part of the triangle (10k) and break the main bearish trend with great volume again. we must be careful with future resistance: 9k-10k 12k 17k 20k I would like to know your opinion  Going by the above link, the market is still dominated by the bearish candle sticks and the current bullish candle stick has not dominated the preceding bearish candle stick. For me, a strong support has not been formed to make a reversal. And in this light, i will still further observe the market before taking a buy position. |
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Loss, is actually inevitable in a trade. Even professional traders have at one point or another incur losses in trades. It is only advisable to minimize the losses. And you must be able to minimize your losses, when you have a working strategy. Otherwise, it will be assumed that you're gambling.
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Hi all,
I have a really simple question or so seems to me cause i am a crypto noob.
I really do not understand why almost everybody suggest to hold when there is a dip or correction.
With my simple noob logic i think that when there is a dip someone could sell at the start of the dip or do something else (e.g. buy tether y i know the rumors or something similar anyway) and then buy again later when the correction has stop or decrease.
Obviously no one knows when there is a many days dip and when it will end in order to buy but even so one can save much money just for sell and buy in between even without predict the absolute start and end of a dip.
I hold as everyone suggests but i now realise that if i had sell even a couple days before even yesterday-and not right after the start of the dip and buy lets say now i would have save a bunch of money relatively with what i am doing now which is hold.
I really must be missing something since i am crypto noob orelse i cannot explain why everyone suggest hold while i fear that real pros are doing the oppossite.
I would like to ask only experienced people who know what they are talking about to give their opinions cause i am fed up reading pseudo crypto pros everywhere around. I bet many of you understand what i mean. Everybody has become a crypto pro . Well i am a crypto noob and i need your heads up.
Thank you for your time reading this and excuse my lame English.
Regards.
You're really not far from the truth. It is always expected for a trader to sell at the start of a dip in order not to incur loss. Most people suggest holding simple because they're of the notion that the price of bitcoin will always go up. At the early stage of the dip, most were not having it in mind that the price would go further down and as such, were hoping in expectancy that the price will go back up (as usual) for them to make more profit, which in turn has resulted to their loss at the moment. I believe this occurrence has served as a lesson to those who embarked upon this act and will be used as a guide in the future. |
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Will bitcoin continue to fall to $ 6,000$-5,000$?Yesterday bitcoin has fallen below 10,000$. Today bitcoin continues to fall deep down to 8,200$ and possibly more. I bought bitcoin at 15,000$. Who can advise me to keep or sell bitcoin at this time? Will bitcoin continue to fall to 6,000$-5,000$? what should I do? please..  At this point in time, no one can actually tell the range bitcoin would hit in this down trend - as support has not been detected. Considering the fact that you bought at $15,000, you're already at a loss and since you've not sold all this while, the best thing to do is to keep holding. |
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Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!
The truth cannot be far-fetched from this - as there ought to be a psychological effect that sets-in at one point, to make an individual want to sell. To me, having a panic sale, is a measure of one's investment. The amount invested in a trade, is always in proportion to the amount of emotions released into that trade, which most of the times leads to panic sales. So, it is not actually the fault of those that embark on panic sales. |
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Buying bitcoin now, may not be the best of ideas, as it cannot be confirmed if the price has reached bottom. It could still be that the price may go further down. As the case is, at the moment, i'm just observing the market to know when exactly to take a buy position.
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As it is at the moment, i don't think taking a buy position is the best idea, considering how unpredictable the market is. Regardless, there are still some very promising coins with good prospect, which could yield some profits in the near future. But at this point, it is only advisable to wait until the market takes a positive turn.
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Currently Ethereum is at $600 and on this note, has the tendency to even go below. The current state of the market has actually proved most people wrong, especially those that are speculating and predicting. It can be said at this point, that nobody knows how this outcome will end.
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It is actually a normal phenomenon for a market to experience a crash at one point or another. My advice here, is not to enter the market at this point, Just wait until there is a correction and a reversal. Constant observations should also be made at intervals.
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It cannot be said with all certainty that it is over, as nobody knows what the future holds. The current situation in the crypto world cannot be used and should not be used as a measure to determine the outcome of the system. I believe in the saying that says "it is not finish until it is finished". It is only then will i say it is over.
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I think governments should come on-board with this new innovation, as to legalize the currency on a global scale. The currency has its own potentials and values which could also be of benefits to the government. So, i believe the government should look for a way to curb the regulatory challenge, so as to effect it on a global level.
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Bitcoin and other altcoins are generally referred to as cryptocurrecies, and cryptocurrency seem to be experiencing an acceptance challenge on a global level. If bitcoin were to be gone as a result of this, other coins will definitely go as well. But if this were not to be the case, and bitcoin dies on its own, it can be said that other coins will survive.
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