Now that Bitcoin has lost 84% of its value, the crypto space has seen it all. From the crackdown of regulatory bodies of shady ICOs to large corporations like Fidelity starting their own cryptocurrency projects. During this bear market, we have seen some of the most promising projects go silent, we have also lost some of the biggest Youtube and twitter influencers.
Capitulation is the perfect word to describe the current market condition. Capitulation means to surrender or to give up. In financial circles, this term is used to indicate the point when investors give up on trying to recapture lost gains as a result of falling asset prices, and exit, selling at a loss. This is what’s happening currently. An example is the daily decrease of Telegram followers in most of the projects’ Telegram groups. There has also been a dramatic decline in the volume of cryptocurrencies traded per day.
However, there are still those who understand the core fundamental values of blockchain and can see the potential that cryptocurrencies hold. They see the long term viability of this space and are here to hodl till the next bull run, but are also to out to capitalise from the daily and weekly movements in the market.
‘As long as there is volatility, there’s money to be made’, says Harsh Vardhan Roy, a technical analyst who has been doing T.A on Bitcoin and other ALT coins since early 2018. He runs his own telegram channel: “The Crypto Everything” @cryptoeverything where he posts his analysis and price chart on Bitcoin, as well as important fundamental news which has the power to move the markets. Coming from a Forex background, he sees a big opportunity in cryptocurrencies and shares this analysis at no charge.
Youtuber, Crypto Rich, also follows Harsh and regularly shares Harsh’s analysis with his 17000+ subscribers on his channel. Rich has said that he has been following Harsh’s technical analysis of Bitcoin for some time and marvels at how accurate and spot on Harsh has been, predicting moves before they happen through his reading of the charts.
There are many more analysts who are sharing their analysis via their social media platforms. As well as quality analysis, it is important to have good Risk/Reward strategies, and proper money management to ensure mistakes of the last bull run are not repeated come the next bull run.
Despite the bear market, a considerable amount of investment has taken place, infrastructure is being built, and the foundations are being laid so that when the next bull run comes, those that have hodled, held and prepared will be well set for momentous returns.
For more details, join the Crypto Everything Telegram channel.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
RoFX Review – Simplified Trading for Beginners
Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.
How to Get Started with RoFX
You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net. After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient.
The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.
The following packages are available:
- Easy start
- VIP PAMM
You may view the details of the packages in the…
Four Easy Ways to Make Fast Cash Without Leaving Home
If you’re having a financial crisis and need to figure out how to make fast cash, you’re not alone. Due to the recent pandemic, many people are experiencing money problems. Most methods for earning fast cash are neither lucrative nor sustainable. However, you can make some quick cash to help you through tough times if instant cash loans are not an option for you.
Most of the following suggestions you can do online with no additional equipment or software. We’re able to have programs accomplish many tasks for us these days, but there is always the need for social skills.
How to Make Fast Cash – Get Paid to Search the Web
If you’re like the average student, you probably spend a considerable amount of your time searching the web. But did you know you can make money doing it? This is one of the quickest ways to make fast cash, and it doesn’t require a lot of effort.
Qmee is a site that pays you for searching in the leading search engines like Google or Yahoo. All it requires is that you install a plugin to your browser. When you search, and a Qmee result pops up, it comes along with a cash bonus you can claim by clicking the link.
Fear & Greed Index Suggests A Bull in the Bitcoin Market?
As indicated by Justin Kwo, an analyst director from Bexplus, Cryptocurrency trading is a game of nerves and it cannot withstand the emotional behavior. Traders keep on changing their minds with the sudden and strong market fluctuations. This behavior reflects their psychological instability and prevailing sentiment in a particular time zone. However, in the Bitcoin market, traders’ emotions will determine their trading behaviors, which, therefore, affects the future trend of Bitcoin.
So, what is Fear and Greed Index?
Alternative.me has the most well-known and respected Bitcoin fear and greed index.
- Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
- When Investors are getting too greedy, that means the market is due for a correction.
To make it precise:
- When the index drops below 20 it indicates extreme fear.
- When the index rises above 60, it indicates extreme greed.
The result of Fear and Greed Index is calculated from the following aspects:
Volatility: the program marks wider fluctuations as a sign of fear
Market volume: if buying volumes increase significantly, the greed levels rise, too
Social media: the client monitors, gathers and counts posts on various hashtags, to see how many interactions they receive…