STRATEGIES TO INVEST IN A BEARISH MARKET
Cryptocurrency investment is one that is known with the ability to bring massive profits and returns. If properly analysis and risks are considered, an investment will always smile on every of his investments this has been difficult for investors as the cryptocurrency market has seen more than 70% price drop since december 2017 , thus the trend this year has been bearish. Its interesting to know that profits can be made in any market trends depending on your strategies and expertise.
Now what is a Bearish market ? This is simply when the people sell their holdings such that buyers are diminished at every time. When this is repeated , the tend is called bearish. The sellers are called Bears.
Below are the Strategies to apply in a bearish Market.
1.Set Up Stop loss and Watch them closely : Stop-Loses and Targets are two of the most basic instruments that each and every cryptocurrency investor and trader needs to acquaint themselves with. Setting an order with a stop loss is fundamentally like an electrical switch which guarantees that once the price set achieves a settled low point, a deal naturally happens. This guarantees that traders and investor don't make loss or bigger loss on their holdings. Its important to follow your trades after Setting a stop loss in case you will need to make advanced decision.
2.Follow News :
It is basic for every cryptocurrency trader and investor to always follow the news especially for the sake of the cryptocurrencies they have invested in. Its good to follow steadily and closely through all social medias, Google News Alerts , RSS channels, and many more. This will help you to be updated with prices , latest development about the project and cryptocurrency community at large.
3.Understand the market trends and graph :
Traders and investors need to keenly observe and study the market trend and graph. In the past eight months, there has been slow and constant downfall with some little little uptrend in between the falls. Those that quickly observed this early would have known how to handle trade, investment and what more to expect as things unfold. So its necessary to compare past and present record to determine what might happen next and steps to take. This has proven to show high accuracy rate.
I hope this information helps everyone to be a better trader, investor and make more profits.
Thanks
It was good when I read your topic here. But only deep individuals can follow and understand what you are explaining here.
Because majority of the community will not get the point easily of what crypto really all about and Bitcoin too. Most of the people here are looking for profit almost all of us actually, right? Even they apply your tips but it won't be easy to understand on their side.