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What You Need To Know About Cryptocurrency And The Coming Recession (PART2) - Education - Nairaland

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What You Need To Know About Cryptocurrency And The Coming Recession (PART2) by JPartick: 4:52pm On Sep 19, 2022
Yesterday's crash shouldn't have come so sudden experienced traders in the market for a number of reasons including both Fundamentals and Technical analysis.

Since August 14th, 2022 the BTC market has been on the downtrend, and more so it has been trading under the 200 daily MA (for none traders this MA= Moving average; which is more like taking the average of a dataset to deduce the overall view of statistical distribution, but in this case your dataset is dynamic). As such being bullish on such an asset wouldn't be your best bet.

Also, as said in my previous post DXY is appreciated as it is an indication of the strength of the dollar. If you are looking to invest in cryptocurrency by buying the dip you can just do a DCA(Dollar Cost Averaging). Like they say never test the depth of a river with both feet

Don't be scared to invest in the future of finance, one thing is certain NO ONE WHO INVESTED IN BITCOIN FOR 4YEARS HAS EVER LOST HIS MONEY.

Re: What You Need To Know About Cryptocurrency And The Coming Recession (PART2) by Nobody: 4:55pm On Sep 19, 2022
Don’t worry guys big daddy Tinubu already to make crypto a way out for the youths. A vote for Tinubu is a vote for the future of Nigerians
Re: What You Need To Know About Cryptocurrency And The Coming Recession (PART2) by Nobody: 4:55pm On Sep 19, 2022
Is that stuff real
Re: What You Need To Know About Cryptocurrency And The Coming Recession (PART2) by JPartick: 4:56pm On Sep 19, 2022
Mirabella00:
Is that stuff real
What stuff? The chart? or the News

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Re: What You Need To Know About Cryptocurrency And The Coming Recession (PART2) by JPartick: 5:00pm On Sep 19, 2022
Rozross:
Don’t worry guys big daddy Tinubu already to make crypto a way out for the youths. A vote for Tinubu is a vote for the future of Nigerians

It is really not about the big daddy stuff sir! Well, I strongly recommend we vote wisely in the forth coming election!

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