Hi Steemians.
Welcome and Bearish Morning to everyone.
Bitcoin 20% Down On daily chart
Ethereum 23% Down
In short, Most of the Top Gainers are red today.
This is called Retracement phase technically and Panic phase in normal Language.
Is This is best time to Buy?
Yes, it's good to buy during retracement, but you must identify the difference between retracement, Pullback and bearish wave.
I m not going to make any analysis on this post because i m trying to cover the overall market reaction.
it's simply because market is oversold and people are too excited to cash-out their profits within last few days.
TRADING IDEA
If you want to jump in the market earlier trying picking the uptrend currencies that have shown daily pullback of around 30%, For Example: Bitcoin Cash.
This is just an example try to look around and jump inn with your own favorite pick.
Remember if you are a New Investor it's always best to buy in parts, If you are Old investor you are already in profit but still try to buy in parts, And last but not the least if you are old cryptocurrency investor and not in profit then you might need to change your trading style before its too late. EVIL
Thanks for Reading.