You are viewing a single comment's thread from:

RE: Do traders decrease their activity in bearish periods?

in LeoFinance3 years ago

Before trying to make my opinion, its very important to review previous trends.

Bitcoin and cryptocurrencies has passed two bullies cycles. These are the 2013 and 2017 bullish cycles.

As historical date indicates, the price for bitcoin has reached pick in both cycles. However, once it reached that maximum price, the bearish period stars and the price for bitcoin and crypto continually declined at least by 85%.

Therefore, similar to the previous periods, It implies that the current bearish scenario will remain there and the price keeps declining at least by 85% in the coming three to five months.

Therefore, In my perspective, I encourage people to make trading small by small amount.

Thanks