I am bearish with the short term price movement of cryptocurrencies eg. bitcoin and dogecoin. The reason being the uptrend prices rise too steeply causing many investors especially the newbies being trapped (they will be readily liquated their holdings when prices rise). Another reason being the downward price movement is too impulsive causing many leverage positions being closeout. It is slightly better for ETH. However the best case scenario in short term is for ETH to go sideways with strong support at 1900. Be accountable with our own crypto trade, trade cautiously and trade only with money you afford to lose. Cheers!
I believe the correction is not over yet. During the second stage of bull market, the correction can range from 10 to 20%. Be patient and stay on sideline to watch. Trade cautiously. Please comment. Thanks.
In my opinion, now is not the time to buy stockbecause the market correction is still underway. I will be patiently waiting at the sideline since now might be the calm before the storm. Cheers!
While many propagate buying the stocks at the red or even at historical low while the market is rising, it is better to buy the stocks rising while the market is down. In other words, buy strong stocks with momentum instead of buying weak stocks with low energy. Please comment and thanks.
Trade very cautiously both in the stock market and cryptocurrency. Historically there were a few times Bitcoin crashed to almost 90%. For stocks, Dow Jones had shown multiple divergence since 6 months ago. Divergence in the bull market represents that the bull is losing its momentum although it does not means it is coming down anytime soon. What this means is don't get too complacent, make calculated risk with our investment and keep tracking and studying so that we will be aware whenever their is a major shift in the market trend and dynamic. Cheers!
Despite most of the companion reporting better than expected earning results, the major indexes change little or even going down. The correction underway has more room to go down. Be patient and trade cautiously. Please comment. Thanks.
The stock market seems like about to turn bearish soon. Be very cautious and profit take or put stop loss if possible. The upside seems limited. Better to stay at the sideline and stay cash. Cheers!
I am still confident about the long term prospect of cryptocurrency despite the crash. My strategy is buy gradually when crashing 50 to 90%, sell some to recover the buying cost when prices shoot to the moon. In this way the remaining coins are actually free and can be kept long term. Most of the cryptocurrencies are like gambling stocks thus only trade whatever you afford to lose. Trade cautiously and trade safely. Cheers!