What will happen if there is a correction?
What will happen if the rally continues after reaching its bottom?
Is it possible to sell the dip or is it recommended to buy some more?
After the previous question, there was no difference that the trend might continue for a while more. However, there was an increase in activity. This was the reason for increased trading volume.
However, since the trend did not look to continue, I thought there might be a decline in traders’ interest to continue on the trend or they might not be able to complete a trade. I have already spoken to many traders about the lack of active interest in the trend, as well as the lack of buyers. In other words, traders don’t seem to be willing to trade the trend or even open a position.
Although there had been no significant changes from the previous day, my intention to check on the trend again was not abandoned. So, I used other means – which included looking at charts as well as searching online for news stories on the trend. I even bought some cryptocurrency related products, which are the ones that offer most of the cryptocurrency markets in this market.
So, what was one of the most surprising things? Despite all that I have said, there still have been some differences and there was a dip after the previous price, which I have not been able to capitalize on.
As time goes by we can also expect significant changes in the future. However, at this time, the current downtrend is not that different from the trend from two months ago. Thus, there may be some ups and downs in the future as well.
I know some will say that it all depends on how the price goes in the future. What’s the reason? Why should a dip be discounted? Maybe the trend will be much longer than in the past, or maybe it will be smaller in the future that it is today? That’s fine, but in any case – how long the downtrend will last depends on how aggressive the market is on trading.
What’s also important is this – if you are not active trading in cryptocurrency, you may still end up being disappointed as you can never say that the price had a “surprise-like” move. After all, with all the changes, many other markets changed the direction of the trend. With regards to crypto, some markets have changed the direction much more rapidly than others; thus, one should not be surprised about a “
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