The market is still in the dumping phase but if we analyse the monthly chart that is so positive and gives a lot of trading strategies to implement.
Let's check it together👇🏻
Causes of market drop
After last pump in the year 2021, there is also a dump that made BTC less of its quartered price 😲 now as expected price of BTC was 80000$,but BTC touched 73000$ now if we discover it's price quarter could be 18250$ 😲🤔🤐. So dump is happening to make major corrections.
The reason of the dump is definitely correlated to the Japan stock market🥺🥴.CME gap mostly worked as confusion gap.
Another reason would be correlated to the middle and short funded investors because of losing their funds they are not able to do investment again so that's why market is little bit cold and there are not as longs as it could be just because of liquidations happened😞😭.
Strategies for capitalizing on downturn
Market is always working in two side patterns, in both ways money can be earn.So longs and shorts both are good to make money 🤑 💰.
But one more thing that is very important to be noted that 44000$ is its (BTC) mining cost in this phase, so it should be its support level. If It breaks down Alts would be broken down too. Find the trade space in between.
In this cold market when the situation is so quite, middle and small investors are kicked out just because of the liquidations, there are now the big sharks active in trades they are sending messages through social platforms and giving messages to stay in the market even still. Follow them 😜 and be aware 😀 of recent updates.
Tips for staying strong and resilient during market fluctuations
Go for spot trade ✅
Avoid future trade if you are beginner ❌❌
Buy at the lower price and sell at the higher price. 🤑
Manage your risk accordingly 🛑
Take care of your leverage 🔥
Have a check on your liquidation ✅
Do not panic 👎🏻
Set emotions a side 🥴
Do not trade against the market 💡
Check a research properly before doing any investment in any coin 📖
Check the correlation of the coin with BTC 🤝
Do not enter into a trade if you are confused 😕 or wait for a better entry 🚫
Protect your assets.
Make 🤑 💰 💰 💰 💰 💰 💰 💰 money.
