Bitcoin Market review. July 12, 2018July 13, 2018
The long downtrend psychologically makes us expect the reverse movement or any kind of a bounce. Don’t get involved with the emotions and make hasty investments hoping for the positive scenario, the market can go lower. But the current levels can be used to open long long-term trades on a small amount of your deposit (!). Most of alts are at their lowest price points and most of them gained a good correction percent. The global capitalization now can start to accumulate, but this will be a longer process than we’d like, that is why we need to be patient and work with the long-term trades. The small part of the deposit should be used to follow your money and risk management: if the market keeps going down, you will have an opportunity to buy more for a lower price but saving most of your deposit for the moment of reversal confirmation of the whole market. In this case, it’s better to use stop-orders to take your profit when it’s there: when the market goes up, it is better to put the stop-loss higher with every level in order to avoid the risks of sudden fall.