What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?
Hmmm, well, sometimes the daily chart will show you a decrease (the red signal) and the weekly and monthly might be showing you green when you switch to it, and that’s because the price hasn’t fallen as much as it has increased over that long period of time. That’s the reason you see it that way. But, you have to be paying attention to that and also b doing your analysis to know whether to move before things gets worse.
If there is a better coin that you can switch to while you wait for the one you’re investing in to get better, you can do that and save yourself from loss. And when things gets better you can invest back in it again and wait for the price to go up again.