They gave you their own clue any one can give his or her suggestion. But remember you must not trust everything they say, cos they are humans like you. Follow the market and see for yourself, the latest actions that is happening around Bitcoin and other Cryptocurrencies.
Wow that's nice to know , in fact is like you are more better than me because I'm just new to this crypto trading of a thing, have you always been able to predict the market accurately , not hundred percent at least 75% accuracy ? anyway I'm still taking my time to learn more as much as I can because I'm very much interested to learn.
I have come to observe with time that the behavior of other cryptocurrencies is largely on how the Bitcoin behavior in the market reflects. It might have dropped for now. Maybe it's just a retracement before it bounces back again
even me that is what I've been observing like that of yesterday when the price of bitcoins actually drop to almost 20% I come to find out that other coins such as tron, ripple, ethereum also dropped to almost 15 to 20% and I was like wow the price of bitcoins actually affect.
That's also true, the extent of the dip might not be know but with good technical and fundamental analysis you should be able to predict to some extent how long the deep will go, strong lows created before would also be an area of concentration.
I agree with you, panic sell is the reason most people run away from trading crypto currencies and end up saying it drained them, before entering this market you need to understand how volatile it is, compare it's movement in price action with gold over 10 years then you'll know crypto can make or Mar you. My advice remains that you always get enough knowledge before entering the market at all.
Yeah, there are many indicators that are able to give you an indication if the dip will continue how long it is going to last for and so forth and the resistance levels as well for the coins, however I think that these indicators as well can prove to be quite unreliable in the crypto market sometimes because there are freak drops in the prices where it was not planned for or predicted by any of the indicators. I guess this is the true nature of the volatility of crypto.
I am a bit nervous as to why the price of bitcoin seems so fluctuating these days.Ever since it dropped down from 40,000 it has never even moved about close to something around that value anymore and to even go back to 34.000 is a problem. Bitcoin is so funny sometimes.
Its simply struggling to keep the pace consistently at the moment moving up. It is on the resistance of $34,000-$36,000 at the mean time.