BTC - Double low - Looks like it is creating a bounce
Hello all,
Here was the chart of yesterday :
Here is the current chart :
As explained in my article of yesterday, the double low like the double top is often an excuse to change the trend in a market. When we are in bull market, the double top can create a powerfull correction and when we are in a bear market, the double low can create a powerfull up.
We can see here that we broke the double top during some hours and than we are now going upper of this one. This needs to be confirmed but that low could be the lower point of the current correction. But again we need to be sure that this low will hold any new drop at the short term.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Do you want them spendable directly via a dedicate Visa card ?
You prefer a quick transfer on your bank account ?
I can recommend you the platform Wirex
With my daily exchanges of cryptos, I can recommend you the platform Binance
Hi, @cryptopassion, please suggest what I should do in bearish market like this. What can I do to improve our situation? I'm sick staring at charts
Yes, my stomach turns every time we go lower.
Mine too. :)
I'm not also excluded! Thanks to @cryptotradingfr for the helpful tips!
Be fearful when others are greedy and greedy when others are fearful W.B
Great tips, thank you @cryptotradingfr
With pleasure @lizette
Tthese are known tips but a small reminder is always nice =)
@cryptotradingfr, are you selling or holding in this market?
Hi @colinbrazendale, We've actually sold a portion of our portfolio when BTC was at $19k.
We are strong believers and have bought many times too soon but always buying on red candles (true honesty here + never rush a trade).
The bubble cycle has played out nicely and it seems that we are getting near a bottom (easy to say after 70% decrease in price).
We might see one last dump, but CBOE Futures contracts have expired today. Hers a nice detailed information on why this is important news.
Oh thanks for these tips. I can't tell how much you've helped me!
Educate yourself about trading, don't stare at the charts all day, rather, take the time to enjoy your family and friends. Crypto is here to stay, regardless of the third stage bear market. If you have the fiat buy, but only if you believe and had educated yourself about it. Remember buy low and sell high.
Helpful @rhema2017. Thanks
You are welcome.
♥
I like most your a sentence that is" Never invest more than what you can afford to lose". We are not aware about loss but we always think profit and profit. It's wrong idea for crypto market or any stock market. I agree with your post.
it good time for trading and mining ???
This double low will certainly make ground for trend reversal to Bullish.