The bounce from this latest dip may be too small or what is called a bear trap. Simple indicators can tell you the health of the market right now volume is 14 Billion and it was just a few weeks ago 50 Billion, that means less and less money moving around crypto, more over it means smart money is staying out. Rule #1 Capital preservation, Rule #2 Don't lose money, Rule #3 make money. Let's stay in the sidelines until it is clear that we have hit another bottom, or until it is clear we are headed up. Pick a strategy: Either accumulate more % of a BTC, or make a few hundred dollars a week. If you want to accumulate more % of a BTC wait for the next clear bottom and buy in, if you want to make money just stay on the sidelines for now.
This is of course advice for paper trading.
This is of course advice for paper trading.