over the past two days, BTC prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?
This is happening once again now however I still can't see any signs of a healthy recovery coming in. Rather some people are still of the opinion that BTC will continue to fall once again and there is still some time before the correction or the secondary market trend ends and the BTC moves again to the primary market trend. So instead of hoping for a recovery its better if we try to make profit in this bear market.
Just be very careful trying to make profits when the market is moving like this is going to be really difficult not many will be able to do it, only those that have great skill at trading should attempt it, everyone else without that knowledge should just hold his coins and if possible buy more bitcoin at the current prices, if people followed that simple formula they will avoid losing money but I'm pretty sure that we are going to see many threads of people that will make a mistake and will lose a fortune as a result.
Its difficult to make a trading profit out of this very unstable btc price today, but not for the veterans trader, infact some of them took advantage against the current price flow. For most of us are whining about how long would btc crash without any idea that we could make profit out of this as well. But to make our investment safe, least thing to do is to buy at the lowest dip and hodl it till it reach the target mark.