If you have been monitoring or observing the cryptocurrency markets recently, you will discover that every coin has been going south including Bitcoin. At the time of this post, BTC was $9279 having a drastic fall from $9795. Same with ETH, LTC, ZIL and others.
While some are fearful, this is a great opportunity to invest by buying the dip. As we all know, the basic concept of Cryptocurrency trading is buying low and selling high. So, when we see a bearish run in the market with many coins having new ATLs, it's not a time to be fearful; simply buy the dip but first DYOR. This is particular for those doing spot trading.
For those on Futures trading, there are basically two aspects of futures trading which are shorting or longing. Majority only long with few persons shorting. Instead of waiting for a coin to build a new support, maximize the dipping trend.
For instance, BTC fell from a recent $9795 to $9279. Possibly, it could drop to $9000 or $8900 if the buy pressure doesn't overtake those selling.
Shorting is simply predicting that a particular coin would dip to a particular low point. But remember to be very cautious while shorting a coin. What is most necessary is that you avoid being greedy while trading and also learn to be patient.
This is not a financial advice. Please do your own investment before investing.
