3 ways to trade Bitcoin and altcoins during a bear market

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Everyone’s a genius during a bull market, but how should one trade in a bear market?

Markets are scary right now, and while the situation is likely to worsen, it doesn’t mean investors need to sit out and watch from the sidelines. In fact, history has proven that one of the best times to buy Bitcoin is when no one is talking about Bitcoin.

Of course, nobody knew “when” this parabolic advance would take place, but the example is purely meant to illustrate that crypto might be in a crab market, but there are still great strategies for investing in Bitcoin.It’s helpful to be price agnostic when it comes to investing in assets over the long term. A price agnostic investor is immune to fluctuations in value and will identify a few assets that they believe in and continue to add to the positions.

When assets and price indicators are two or more standard deviations away from the norm, it’s time to start looking around. Some traders zoom out to a three-day or weekly time frame to see when assets correct to higher time frame support levels or previous all-time highs as a sign to invest.Others look for price to flip key moving averages like the 118 DMA, 200 WMA and 200 DMA back to support.

Downtrends, consolidation and bear markets are notorious for chopping up traders and reducing one’s portfolio size, so it’s unwise to trade against the trend unless one has a PNL positive method for trading during bear trends and some skill at shorting.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

easy, just find a token that everyone is sleeping on, and yet still has high value. This could be said for Polygon, that's already seeing value coming back, as the market comes to the realization that L2's are vital for ETH utility and almost all practical applications

We are still geniuses in this bear market

The best trading during a bearmarket is to accumulate on strong BUIDLers that keep doing it when everyone else is broke. iEx_ec $RLC storj $STORJ cartesiproject $CTSI

Just simply, buy the rumors and sell the news

🚀 Thnks a millon.

🚀 Thnks a millon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market Cap Slips Below $1 Trillion as Altcoins Bleed Out (Market Watch)The total cryptocurrency market capitalization is once again below the $1 trillion mark as most of the altcoins are bleeding out in a sideways chop. It's a sign that the bear market is over for crypto. That's when everyone is shorting and they're all losing money. The volume is super slow. That's the time to buy before the Whales and Wall Street take the bargains.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin’s in a bear market, but there are plenty of good reasons to keep investingHigher volatility, equity offerings and resistance to regulatory sanctions are just a few reasons why investors should keep an eye on BTC. noshitcoins Bitcoin is the best n famous shitcoin ever noshitcoins Alex_Pundit noshitcoins $Tsuka 👀
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20KA sub-$20,000 weekend begins for Bitcoin as market cap share dwindles. Historic drop in September, Bitcoin Well, it seems pretty good to me. I'm gonna keep buying BTC on Bitfinex while it's cheap. Who thinks it's not looking good? I see it as a good opportunity to buy BTC with USDT when the price is so low.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Former ARK Invest Analyst Reveals Biggest Mistake To Make During Bear MarketICYMI: Chris Burniske explains the biggest mistake to make during bear market BTC $BTC Bitcoin Aint you surprised that nobody is talking about this
Source: Utoday_en - 🏆 295. / 63 Read more »