Is this the bottom? or just a Bear market rally?

1 min read June 29, 2021
Richard Fetyko

Is this the bottom? or just a Bear market rally?

altcoins are showing a nice bounce today, up 5%, 10% or more.  It is tempting to get involved, FOMO kicks in, it’s our nature to be optimistic (or greedy) and think this is the bottom.

But the overall market trend says otherwise.  Be cautious, don’t get suckered into a crypto Bear trap.  It’s OK to miss the bottom. Traders should not assume an upcoming change but rather go with an established trend. Trends have a tendency to continue. Don’t trade against it.

But if you are just itching to buy something and can’t just sit idle, then watch this video to find those rare coins that are in an Uptrend and have an inflection in momentum.  That way you’d still be trading WITH THE TREND (rule #1 in trading).

Even free registered users are able to create this simple filter to find such coins.

If you are patient, bless you.  Watch this video on how to time your (Short) Sell entry for when this upswing fizzles out and the primary trend (down) resumes.

Also encourage you to watch last week’s video on short selling on Binance exchange.

 

1 Comment
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