How to understand when the global trend is starting to change?
The issue of trend reversal is very acute at the moment, because we are witnessing a rather long fall and one of the longest corrections now. And to be precise, this is the second biggest correction.
How to found out the moment has come and you need to urgently buy up everything so you do not cry you did not buy the Bitcoin for 6500, when it already costs 25k?
In fact, no one professional analyst or trader can say exactly the trend has reversed. There are always certain moments which just do not allow you to be 100% sure.
But we can give you some signs will help you understand it's time to make neat purchases:
1. Long fall. When you notice price decline continues for quite a long time, this is a sign the turn is getting closer and closer.
2. Falling volumes. If the volume falls noticeably in the long price decline, this is one of the strong signs an impulsive reversal is coming.
3. The price is on par or returns constantly to the same level. Certainly, the correction does not continue all the time, and if it can be seen the price returns to the level of the beginning of the rebound after local bounces, it means the “bottom” is somewhere nearby.
4. Slow motion. When the correction comes to an end, price movements slow down and overall volatility decreases dramatically.
5. Psychology of the environment. For example, when there was a big pump to $ 20,000 per bitcoin, all the people around were talking about cryptocurrency, everyone wanted to buy it, there was, so to say, an overload of the people industry. Then it was a sign it was time to close positions and wait for the falling. It is enough to interpret this observation.
These are the data we have noticed and collected to you understand the market could turn around. Surely, there are a lot of moments, but we gave you the most common and basic ones.
Thank you for attention! Let profit come to your home
The issue of trend reversal is very acute at the moment, because we are witnessing a rather long fall and one of the longest corrections now. And to be precise, this is the second biggest correction.
How to found out the moment has come and you need to urgently buy up everything so you do not cry you did not buy the Bitcoin for 6500, when it already costs 25k?
In fact, no one professional analyst or trader can say exactly the trend has reversed. There are always certain moments which just do not allow you to be 100% sure.
But we can give you some signs will help you understand it's time to make neat purchases:
1. Long fall. When you notice price decline continues for quite a long time, this is a sign the turn is getting closer and closer.
2. Falling volumes. If the volume falls noticeably in the long price decline, this is one of the strong signs an impulsive reversal is coming.
3. The price is on par or returns constantly to the same level. Certainly, the correction does not continue all the time, and if it can be seen the price returns to the level of the beginning of the rebound after local bounces, it means the “bottom” is somewhere nearby.
4. Slow motion. When the correction comes to an end, price movements slow down and overall volatility decreases dramatically.
5. Psychology of the environment. For example, when there was a big pump to $ 20,000 per bitcoin, all the people around were talking about cryptocurrency, everyone wanted to buy it, there was, so to say, an overload of the people industry. Then it was a sign it was time to close positions and wait for the falling. It is enough to interpret this observation.
These are the data we have noticed and collected to you understand the market could turn around. Surely, there are a lot of moments, but we gave you the most common and basic ones.
Thank you for attention! Let profit come to your home