In financial markets, timing is as important as it is in every other occupation of that nature. When an asset is acquired at the right time, it gives higher chances of making money instead of loss. The acquired asset only becomes profitable when bought at the right and existed at a proper time. This is even more pertinent in the Forex market where volume of trades move across the market every hour. Poor timing usually lead to loss, and good timing is what leads to profitability. All the Fundamental and technical analysis are only talking about timing. They are used in discovering proper time for entry and exist.
Bitcoin is equally an asset of time factor, if bought at the right moment it yields profit. Those that invested in the coin at early stage now counting thousands of dollars. The coin moved from little dollar it was 9years ago and entered thousands of dollar in price. That occurrence has turned many investors into millionaires, and they are still making money from it till date. This is even more favorable to those that can speculate very well. The speculator would bet on the market fluctuation and catch the moves in their favor.
Knowing the time when trades can be entered is a number one skill developed by the traders and investors alike. Now that Bitcoin is experiencing higher highs in movement, the trend that started months ago, but investor should wait for another retracement before making entry. This is the right period to enter the market but that period may not be the next few days. You should allow it to come back a little, around $10, 500, and then enter it. Probably, this cryptocurrency is heading back to $20, 000 which was its last highest move. Its chart clearly shows that the coin is at trending mode and this will probably continue.
Investor should pay a very close attention while preparing for entry into the markets any moment from now. Waiting for little pessimism is good as this will verify another strong movement of the coin. The lower the cutback of the price the better it is that Bitcoin will make lengthier move in the future. That truth is, the next trend may surpass $20, 000 or above the previous resistant level. Another big opportunity is about to take place right within this cryptocurrency. Taking a sensible position is advisable to investors at this period and waiting for few days or weeks before entry is good.
From professional viewpoint, financial asset is never predicted with certainty. No expert can predict the next price move with 100% assurance that the asset will give an upward steps in the future. With this in mind, precaution can be taken by you that no writing piece will actually give you certainty of the next move. Of course, pass experience and chart situation do signal the next move but never an they be a certificate for future price. That brings in importance of capital management by traders and participants.
When putting money into a financial instrument of this type, you should at least put only a proportion of your capital. It could be 60% or lesser as to have a reserve to rely on for another investment opportunity that may surface. Expectation of immediate profit, when you have already put all your capital into Bitcoin, may not happen so soon. The crypto can go again your expectation, and this can demand for longer waiting period.
Despite this, your calculation is the best resource needed to become successful in this endeavor. Knowing what you are doing and making a final decision base on your discretion are the needful. A well-educated trader will be able to make use of other’s educational materials the way it should be. Learning the structure of the cryptocurrency and its market in general is essential. Taking the chart and study history is another fact needed to look at. No amateur succeeds for long using somebody else’s direction or signal without having adequate education.
This time is a good point for purchase and holding of this coin but it is never a consistent moneymaking venture to the unskilled. When your are told the best period to buy, it is good you can figure out when to sell by yourself. At times, before you get the information you expect from the expert, price might have sliced down and causes you a great loss.