Post
Topic
Board Trading Discussion
Re: Is deep over and time for trading?
by
Theb
on 03/04/2018, 07:13:09 UTC
I understand the market is restoring following the last weeks deep. Is it time for trading now or the deep will continue and the growth is short?
* It is DIP not Deep.

With the confusion of words you got I am guessing that you are still a newbie in trading. Also to correct you there is still trading commencing even though a dip or correction is happening, to tell you the truth there is more trading happening on a dip compared to when it is rising as a lot of traders are holding it more compared to when it is falling.

In my own analysis I am seeing a short term up trend inside a major down trend, there are no signs of a major reversal coming as 8,200$ is the current resistance we have to break in order to confirm that we will still continue going up. Right now we are having a breather because we are above  7,000$ but I don't think we will be above 10,000$ this week.