Quote from: LUCKMCFLY on Today at 07:47:29 PM

Quote from: zbutterfly on August 19, 2022, 11:11:55 AM

Quote from: BobK71 on August 19, 2022, 05:50:00 AM

Above all, this is a good time for altcoins investment.

yes, you can use the average down technique if you are a long-term trader, this is the right time, because according to our RSI data it is oversold, plus the MACD data has crossed. the probability has touched support. But it's too risky to do something in-depth to dig up information.

Well according to the things and the articles plus the books that I have read, I can conclude from the current market situation that it is very difficult to make any movement, if we take into account our analysis and make decisions based only on the technical, it is not something very good, the market is not moved by technical analysis, some things must be taken into account in a fundamental way and one of the things that can help us a lot is that every time we have confirmation that the Bitcoin trend will be bullish, it it is better to wait for it to happen, and at the first correction it is recommended to buy, because once that happens many will want to take refuge in altcoins to multiply them and thus generate more money, but up to this point I think I have no idea how to do things, for Now I wouldn't risk it, just in the short term maybe, or when I see a very lateral behavior.

If we do base and look for technical aspect then we are really having that possible parabolic pattern which had been always the analysis for those traders who do make use of these indicators
but if we do look on the fundamentals side then we arent seeing something good which could really push the price other way around.We did see some increase recently on the price but not really
that much or we could say that there's no buying power and you could still see that there's hesitance around which cause for the price not to rise up that much.
We do honestly need up some more positive news plus recognition which would really be might the reason for such change trend.