It’s all too easy to be on the wrong side of a crypto trade when markets turn wildly volatile, but that doesn’t mean you have to sit there and watch your portfolio plummet by the hour. Here’s ollieleeech’s advice for those wondering if they should btd:
1. Buy the crypto dip using dollar-cost averaging, but that doesn’t mean you have to sit there and watch your portfolio plummet by the hour.
While buying the dip can be done in a single trade, the most recommended strategy is to implement something called “.” This involves breaking up your reserve funds into smaller tranches and making several trades over time. Doing this will typically garner much better results than if you had invested all your capital in a single trade – unless, of course, you were lucky enough to go all-in at the perfect time.2. Use indicators to find the best entry point
While these two signals can be used alone to good effect they don’t always accurately predict bottoms or tops, particularly on lower time frames such as the four-hour, hourly or 30-minute options. A better method is to employ theOne thing to note about the RSI is it usually follows a similar pattern to an asset’s price, meaning when the price falls, the RSI indicator line also falls. However, there are times when the two lines move in opposite directions.
Just like it’s nearly impossible to accurately predict the bottom of a bear market, it’s also impossible to know exactly which of the 17,000+ cryptocurrencies will recover the fastest or go on to rally the highest.
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