Volume decrease indicates we are nearing bottom

in #cryptocurrency6 years ago (edited)

it looks like the volume has dropped by almost 50% in last week or so. this looks like a weakness.

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Humm be patient it will raise up soon

You got a 2.37% upvote from @upme thanks to @sarah249! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).

its good news or bad news i cant decide it. i think its good in one side because we can buy some for future. on the other way its a bad news too because we have to sell it at a lowest price ... what do you think @sarah249

If you are not buying at lower levels, you are missing opportunity. BTC may go as low as $4000 but it could also goto $9000 from here. so you should be prepared for both senario's. a good approach would be to buy with a ladder approach and divide your buying budget into 10 equal parts. make sure to buy 10% at each lower level until you reach the absolute bottom. same goes for selling. A reversal is always around the corner

you solve my problem very easily @sarah. i admire you. its a good opportunity for me , for us.
i just need some money more. ..
thank u @sarah

yea we all need some more money when it comes to crypto investments what we have is never enough.

its 100% true @sarah. : ) what we have is never enough...

It's a pure manipulation! my whole investments is in loss by 50%

how is it manipulation. people sell and market goes down, more people invest and market goes up. thats how the market works. we should be prepared for worst case scenarios all the time and this is not the worst case scenario yet. as long as you dont realize your loss, you are not in any trouble. in bearish market try to recover or increase your holding by selling small percentage and then buy back and lower prices. make sure to watch out for a reverse trend.

I think now the time is coming for bull run of bitcoin & then the volume will also increase.

i dont think that we will have a bull run from this level. we have been around here for a few days and still i see weakness. i think we will break below 6000 and then there will be a bull run somewhere around 5500

@sarah249 its like blood on the street for all of us

Please don't say as like this I have had already purchased a lot of coins. Do you really want me to buy more at current levels. I will purchase it if you say yes.

i have not been posting alot lately as i have just been commenting. doing some experiments to verify how much i can earn if i post 10 comments daily and upvote myself. you can add me on discord i am online there often. The best time was 2 days ago when Steem was $1.2 i have converted all my holdings to Steem now. i only have steem and nothing else.

which coin do you want to buy first decide that. i think btc is a good buy below $6000 or around $6000 but remember it could still goto $5000 or even lower so make sure that in coming months you can buy more if needed. i would say split your cash in 3 equal parts and use one part to buy now and also remember to do regular profit taking as well. never buy with all cash you have, never sell all your holdings. this will keep you in the game all the time.

@sarah249 ahhhh this is kinda scary. Would mean another 50% drop on the entire cryptocurrency @marketcap. @Cryptocurrency to survive after the elites crashed their local @currencies trying to wipe them out. but the lower you drop cryptos the higher the @bullmarket will be...

its not necessary that the bulls rally will be higher if market goes too low. market can set a new range to operate. my personal opinion is that in december we went too high too quickly and it had to come back. now if you remove december and january from your charts you will find a much realistic picture. at some point the market will get stable, it could be $200 bil market cap or $100 bil but there will be 6 months time period when we will stay in a specific range which will identify a true range. from there we should rise slowly and steadily for 6-8 months. simple rule the quicker you go up, the harder you fall.

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