CryptocurrenciesX

Investment Strategies as Bitcoin Approaches $6,000

By 04/01/2018 No Comments

Investment Strategies as Bitcoin Approaches $6,000: Bitcoin appears to be perfectly approaching the $6,000 support level from back in February. With this, it is obvious that the market sentiment is getting a bit gloomy, and the doomsday analysts are crowding the media.

But of course, there are also alternative strategies to profit from the crash. One classic strategy for those who believe cryptocurrencies are here to stay is to buy the dip. If Bitcoin breaks below the $6,000 support level in April, we could even see further drops towards the next support levels at $4,922, and $3,482.

You must keep in mind that it took Bitcoin a very short amount of time to break above all these levels to reach the all-time high last year. The golden rule of any financial market is that what goes up, must come down, and Bitcoin is not an exception. Of course, those who bought the digital currency at the highs must be feeling a bit down at the moment.

Ichimoku Secrets Book Cover 3D Get it Now Button

Pun intended. Here, another golden investment saying comes into play: patience is a profitable virtue. And that good things come to those who wait. Some analysts are suggesting shorting Bitcoin as an alternative strategy. To me, this would be as risky as buying it at an all-time high level.

Get my Updates. Free.

Leave a Reply

 

 

  • Economic Calendar
  • Terms of Service
  • Privacy Policy
  • Disclaimer:Investing in the financial markets involves a risk of loss.
    You should only invest the money you can afford to lose.

    Invest Diva (KPHR Capital, LLC) and Kiana Danial are NOT a financial advisor. Nothing said on investdiva.com by Kiana Danial or other contributors is meant to be a recommendation to buy or sell any financial instrument.