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July 18, 2018, 03:13:54 PM |
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As someone who had been trading with different coins for years now, all I can say is there's no definite way of telling the bottom, but it's wise to not buy immediately after a new ATH has been popped since it still has a tendency to go downhill. Wait for the second wave of crashes before choosing whether to buy or not to buy. If the price stagnates for more than a week, that tells you that no further shakeouts or pushes will happen immediately, and gives you a decent window of turning a profit by stockpiling the coins. Usually after a high has crashed, the market is shaky, and getting 5-10% in profit is already something to be thankful at. One thing is to not be greedy when this time comes, and bail out immediately if you already got 20-30% profit. Buy low and sell high is still the principle, but waiting for the price to be higher when you already have more than enough profit is risky and outright dumb.
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