I think we should really prepared for the wost and keep faith with the market in investing. Many people has abandoned the cryptocurrency market and that is why it is good that we the enthusiast should keep investing and promote bitcoin and cryptocurrencies market.
On a funny note, i would like to know how much you have invested to stabilize the price of bitcoin
. People have not abandoned the crypto market, the riders who ride the market when there is a rally might have abandoned the market and they might come back when there is yet another bull run, other than that the transactions per day remains almost the same like before and there is no dip in that either, the market is showing signs of recovery and it is a positive sign for investors who are looking to make profit.
Well a lot of those riders probably have exited at a loss anyways during 2018 lol. And there's nothing to lose if you prepare for worst days to come. I know that we've probably bottomed out already but there are times when the market just wouldn't give is a good shot, and being prepared for anything that can happen is the best thing anyone can do.
Being prepared for those negative situations which may arise is the best ways to have these days, and looking forward to what will be the outcome is. Hoping for the best can be in opposite for that, and probably that what everybody is seeing right now. Most of the traders this time were like wolves whose hunting for their preys, so don't be alarmed those time that we seem to observe some price fluctuations getting much worst due to panic holders.
I think now, the best thing to do is wait, because as the market is, it is finding itself in a small lateralization. According to Livermore, when there are no entries in any position the best thing to do is observe, because a small bullish trap may be brewing, and if we go into Long it may fall.
However waiting patiently for a movement in the market, can easily allow us to take a position, that is, we can react, which is totally different from predicting that it turns out to be more risky at the moment. I have seen many negative news now, this can mean that many people sell or can sell, precisely at $ 4k is a good area of opportunity, which for many people turns out to be on a psychological level to stay there.