Why am I buying cryptocurrency right now?
Hello Traders and Investors. I hope you are doing well.
In this article I want to show you one cool idea. This idea refers to the long-term plan of the cryptocurrency market.
On the chart you can see one of my additional indicators. This development allows me to determine the overbought and oversold levels of the cryptocurrency market.
If green columns appear on the histogram, this indicates a strong overbought market and the best time to buy cryptocurrency. Conversely, if the columns are red, it is time to start reducing your risks and prepare for a strong correction or the beginning of a bear market.
As you can see, the system has been talking about a strong oversold market for the last months. If you decide to buy cryptocurrency, this is a great opportunity (not financial advice). But I personally have already started buying cryptocurrency and at the moment I am using one of the best strategies for this period - the DCA strategy.
You can check for yourself how well the system worked in the past. You can say that now is a different time, there is a crisis in the world, etc., but it has always been like that, believe me, I remember very well the bottom of 2018, or the COVID drop of 2020. In such periods there was always a lot of bad news and fear on the market. This is normal.
In addition, I analyze many other technical and fundamental indicators (SOPR, LTH & STH realized loss/profit, liquidations etc.) and they all say that the market is quite undervalued and oversold. And this is evidenced not only by the indicators of the cryptocurrency market but even by the indicators of the stock market.
Friends, I will be very happy if you like this idea and subscribe to me. It will be the biggest gratitude for me and an incentive to make even more cool content for you. 💚💚💚
In this article I want to show you one cool idea. This idea refers to the long-term plan of the cryptocurrency market.
On the chart you can see one of my additional indicators. This development allows me to determine the overbought and oversold levels of the cryptocurrency market.
If green columns appear on the histogram, this indicates a strong overbought market and the best time to buy cryptocurrency. Conversely, if the columns are red, it is time to start reducing your risks and prepare for a strong correction or the beginning of a bear market.
As you can see, the system has been talking about a strong oversold market for the last months. If you decide to buy cryptocurrency, this is a great opportunity (not financial advice). But I personally have already started buying cryptocurrency and at the moment I am using one of the best strategies for this period - the DCA strategy.
You can check for yourself how well the system worked in the past. You can say that now is a different time, there is a crisis in the world, etc., but it has always been like that, believe me, I remember very well the bottom of 2018, or the COVID drop of 2020. In such periods there was always a lot of bad news and fear on the market. This is normal.
In addition, I analyze many other technical and fundamental indicators (SOPR, LTH & STH realized loss/profit, liquidations etc.) and they all say that the market is quite undervalued and oversold. And this is evidenced not only by the indicators of the cryptocurrency market but even by the indicators of the stock market.
Friends, I will be very happy if you like this idea and subscribe to me. It will be the biggest gratitude for me and an incentive to make even more cool content for you. 💚💚💚
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💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
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