The cryptocurrency market can be classified as one of the biggest financial market in the world and I can say that anyday anytime..
The crypto market expeeiences various seasons which includes the bullish season and the bearish season , the bullish season is when people can sell their cryptos at a higher price while the bearish season is when the crypto prices are lower and one can buy at a cheaper price or sell their old coins at a lower price and that could lead to a loss..
I believe that trend is the king of the market , a serious trader needs to always pay good attention to the trend on the market , it is not advisable to trade against the trend, trading against the trend is like trading against the market itself..
Just analyse what is happening on the market and make your trading decisions based on the market behaviour and then ensure you use good money management so that you can secure your investments even when your predictions go wrong..NEVER try to trade against the market , don't go bullish when the market is indicating a strong bearish market , do not go bearish when the market is showing strong bullish....wait for the right time to enter the market which suits the type of trade which you want to take..another thing you should also do is to watch the overbought levels and the oversold level, buying when the market is overbought is not advisable and selling when the market is oversold is not advisable too.goodluck..
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta