What will we see in the Bitcoin chart ? I expect that bitcoin will fluctuate between 50 days moving average and downward trend line for nearly 2 weeks. After this fluctuation period, the price will need to make a big decision to illustrate its next move.
Meanwhile, altcoins, particularly Ethereum, will take big advantages from bitcoin’s consolidation period. Therefore, my portfolio is mostly consisting of altcoin for this time.
Tips for new traders :
-Always take profit on the way up , price will definitely not increase forever.
-Don’t be too greedy when price moves up or don’t panic when it decreases. Relax and control your psychology.
-Make plans for every possibilities, it is not 100% sure that what we think will happen.
-Don’t try to catch up the exact deep or exact peak.
-Don’t buy everything you found in the market.
-Don’t listen everybody who claims to be a trader or financial advisor. (Mostly avoid who is 100% sure about what they believe).
-Remember, market cycle works with human psychology and everybody’s psychologies are similar.
