Market is recovering, what steps are you taking?

[leatutz]

My decision when the market is in an uptrend, of course I will stay and monitor the market movement whether to continue the uptrend or there will be a deeper correction, if the movement triggers an uptrend, obviously I will take the risk to buy some coins which are quite safe even though the coin price will experience correction.

We better make sure if it is a trap or the recovery will continue. When it come to altcoin We must really alot time to monitor it as there are times that the other altcoins will just form hype in a span of time and may not recovers at all. If the market continues to recover without any news regarding the economy then it can be safe to say that it is going to recover and a safer trade can ve done .

This kind of bull run market inspires me to make investments. As recovered to 42k (Bitcoin) before 1.3 billion USD of Elon musk. I don't like manipulating the stock or crypto market. I also think you are right that it's safe to invest in altcoins. But we should do our own research. Bullrun opportunities are short and risky, but running opportunities are more reliable and risk free.

[seleme]

I still wait for the market recovery, these small steps towards up are fake unless the weekly candle breaks resistance levels. After a huge drop, I wanna add more Eth to portfolio, the potentially bigger trend can be real on next market cycle. Maybe next cycle will bring more opportunities but we can't predict what will happen.

My decision when the market is in an uptrend, of course I will stay and monitor the market movement whether to continue the uptrend or there will be a deeper correction, if the movement triggers an uptrend, obviously I will take the risk to buy some coins which are quite safe even though the coin price will experience correction.

We better make sure if it is a trap or the recovery will continue. When it come to altcoin We must really alot time to monitor it as there are times that the other altcoins will just form hype in a span of time and may not recovers at all. If the market continues to recover without any news regarding the economy then it can be safe to say that it is going to recover and a safer trade can ve done .

This kind of bull run market inspires me to make investments. As recovered to 42k (Bitcoin) before 1.3 billion USD of Elon musk. I don't like manipulating the stock or crypto market. I also think you are right that it's safe to invest in altcoins. But we should do our own research. Bullrun opportunities are short and risky, but running opportunities are more reliable and risk free.

The Elon Musk tweets shouldn't be considered as the advice by wise man, he simply manipulates the market with the all available tools he can. The risk-free opportunities don't exist in volatile crypto market, so better to accept the loss before clicking trade buttong on the trading platforms. For example, remember the Doge tweets by Elon and the big speculation to accept BTC as payment method for Tesla, he is busy with accumulating more cryptocurrency, nothing else matters for him at the moment.

[7788bitcoin]

I still wait for the market recovery, these small steps towards up are fake unless the weekly candle breaks resistance levels. After a huge drop, I wanna add more Eth to portfolio, the potentially bigger trend can be real on next market cycle.

So you are high on ETH, in my opinion we already saw the biggest rally we could gather in this hype and the development they are doing is complex and there are many who are staking the coins for months and it might go up to a year and anyone planning to stake the coin already invested in ETH and where do you think the push would come. If the investors are willing to pump the market to create the hype it is possible but accept the fact that the correction would be bigger as well.

[aditasetia123]

I still wait for the market recovery, these small steps towards up are fake unless the weekly candle breaks resistance levels. After a huge drop, I wanna add more Eth to portfolio, the potentially bigger trend can be real on next market cycle.

previous weekly candle was bullish , and looks like today bullish candle will formed well. its could indicated market starting recovery after several weeks consolidatiion , perhaps bitcoin could reach and back to $42k again in next several weeks.

[jatin729]

In today's world, we can't predict market. in few minutes market crashes like volcano eruption, but while dip, there has been room created for new comers to join the ride.
I personally bought some emerging Altcoin i.e. Solana, VET and WAXP token. Everyone should take advantage of market dip because it is obvious that market will boom for sometime again. It is all about taking risk.

[laohe628]

I would do nothing, because i don't think the market is clear yet, to be honest, this little rally is a trap recently, luring people into the market in my opinion. This trick has been in use since the end of May, and while the price of bitcoin hasn't changed much, the altcoins have fallen a lot.

[2tang]

I would do nothing, because i don't think the market is clear yet, to be honest, this little rally is a trap recently, luring people into the market in my opinion. This trick has been in use since the end of May, and while the price of bitcoin hasn't changed much, the altcoins have fallen a lot.

Yes, if you still have doubts because of the current market conditions, it's better to be quiet and don't do anything, because being optimistic at work is a very important thing to have, because without it a person will not get anything from the work he does.

[isaac_clarke22]

~

When it comes to Bitcoin, mostly it just becomes whales trap actually.
They're just waiting to take panickers money for sure. If some people were already holding it since 2019, I am pretty sure they're quite used to those ATL.
It is nothing new.

[sulis sudibyo]

If you think the market is recovering, then now is a good time to buy. remember this applies if you are very sure about the market situation. but when in doubt, better stay quiet and don't buy anything. it will only make you regret if later it doesn't go according to predictions.

but i suggest better not to buy at this time. look at the market in a few weeks. if the situation is still the same as it is today then buy it.

[BitcoinPanther]

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

If I am for a long run then definitely I will accumulate  while the market is recovering.  This means I am able to buy at a discount since it was way too cheaper than its peak price.  It would be a sad thing to just watch and see the possible profit pass by.  So as long as I have free money I will definitely buy more until the time I think I am stashing enough.

[Wong Gendheng]

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I think waiting is a bad thing, it's better to see new listed altcoins and study in detail including following the latest news in the telegram community, always optimistic that there is always a chance for profit even though the market is red.

[panjay]

Someone already said it, DCA if you looking to enter the market again.

I personally just farming and chill with xtz on crunch farms. It's more manageable for me to just farming, rather than actively scan and monitor my alts coins.

[pawanjain]

if market conditions have improved then you should not be rash in making decisions, or sell all assets owned !! I think it's something wrong, if it can last for a few sensitive times in the future, maybe the market will continue to improve. I think like that

That's absolutely correct. Now is definitely not a good time to sell as the market is consolidating. It would be better to average out the portfolio now.
If market continues to rise then we might not see these prices again in near future. Also, keeping an eye on the prices and monitoring it would be good.
Staying updated to the crypto news and prices would make us a step ahead in getting in at a good opportunity.
I have bought whatever I could and I would be HODLing now until we see the peak prices again.

[carlisle1]

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

If I am for a long run then definitely I will accumulate  while the market is recovering.  This means I am able to buy at a discount since it was way too cheaper than its peak price.  It would be a sad thing to just watch and see the possible profit pass by.  So as long as I have free money I will definitely buy more until the time I think I am stashing enough.

Good thing to do if you are into investment, buying while the value still cheap is the best thing to do. Using your spare money and treat things for long term goals gives you that comfort that in anyhow the market will start to recover and brings you decent amount of profits.

Make sure though to set your target and have that willingness to wait till the time come and hit your goals.

[Gayong88]

This is the condition that is happening now, this is where the importance of money management for traders is applied, meaning you can enter the market if it is time to enter. don't force it because of the correction, it is very vulnerable to happen at any time and one more thing in my opinion it is very necessary to use a stop loss if there is a significant decline

[Handsome Boy]

Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.

what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?

I dont have free money left on my pocket, so i just staking my entire coins and doing nothing recently, if i have some free cash i would buy some dip of altcoin on spot and have some scalping by shorting bitcoin incase the price dump back.

if you don't have free money, then my advice don't force to buy cryptocurrency, because I always suggest my friends to invest in cryptocurrency using free money and not main money, therefore never invest in cryptocurrency with main money, because when the market hasn't recover and you need money, then of course you will definitely do a panic sell and it will make you lose your money.

[fullhdpixel]

My decision when the market is in an uptrend, of course I will stay and monitor the market movement whether to continue the uptrend or there will be a deeper correction, if the movement triggers an uptrend, obviously I will take the risk to buy some coins which are quite safe even though the coin price will experience correction.

That's right and people usually get hyped with the start of a bull run and forget that a correction will almost always follow it so either be ready to face the correction and don't panic sell or just wait for the correction to finally happen and then make your move.

Usually when the market is down, I try and buy more coins but this time because of all the negative energy around social media and blogs, I am deferring my decision to buy for now. This is from the idea of sailing on the same direction of what most people prefer rather than completely depending on what our technical analysis says; yeah sometimes people will nullify the TA.

[tygeade]

In investing you must research in detail each coin you want to invest and also remember to be prepared to accept any risk that you have decided. instead of investing using cold money. yes, one week ago the market was bearish where the price of btc and also other altcoins decreased in price. and at that time i thought to add some top coin investments of my choice and till today the coins i bought have made quite a lot of profit.

By cold money do you mean savings? I would be not hesitant to invest my savings into Bitcoin but I will wait for the price to rob a little bit more before I buy some more and I have already purchased some when the price was around $28k. So obviously after grabbing the possible bottom prices, like most people I am also expecting the market to recover toward a new ATH.

buy a coin that you think is good and has the potential to be at the forefront of the market recovery this time, and remember, always use idle money capital, and divide it into several altcoins in investing

And even when you invest in a coin that has a good market cap, make sure to follow the news around it. Ripple has always been among top coins but people who know problems they have with SEC will hardly ever invest much in it.

[SFMHodler]

I don't think it's recovering yet. We will probably see this level (and lower) for a few months, before the bull market returns.

[Kasabus]

if market conditions have improved then you should not be rash in making decisions, or sell all assets owned !! I think it's something wrong, if it can last for a few sensitive times in the future, maybe the market will continue to improve. I think like that

That's absolutely correct. Now is definitely not a good time to sell as the market is consolidating. It would be better to average out the portfolio now.
If market continues to rise then we might not see these prices again in near future. Also, keeping an eye on the prices and monitoring it would be good.
Staying updated to the crypto news and prices would make us a step ahead in getting in at a good opportunity.
I have bought whatever I could and I would be HODLing now until we see the peak prices again.

The market is still not stable so i would say we are not yet becoming bullish and is still in a dump season. This still a good opportunity to buy cheap coins as long as the prices are still low. But if this market will start to become green, prices will eventually start rising again and we will miss those opportunities again.

For now, i'm still observing the market and waiting if this price correction will continue. I prefer to hold my coins until i see the market is in a bullish, then maybe i will start selling my coins when the prices are definitely in their new peaks.