Hello traders,
After the BitConnect 'refund' disaster, we have been seeing some very expactable chart movements for the BitConnect coin as of lately.
I think this might be because right now, the only people trading BitConnect are actually experienced traders. No normal person would buy this coin right now, so only the real traders really own this market.
Even though the coin is still in a pretty bad bear market, there's still a lot of money to be made thanks to the high volatility.
As you can see in the chart above, BitConnect coin's value is rapidly approaching an all-time low right now, and we could take advantage of this of course.
Of course, because of BitConnect's bad reputation, this is still a high risk investment. It will probably continue to fluctuate like it has been since the closing of the lending platform, so you can always lose money very quickly. So beware of that.
If you are entering this trade, I would recommend dollar-cost-averaging as the value continues to approach an all-time low. (around 575)
In the chart you can see two options that I think are the two possibilities where it could go from here. The option that will take place depends on the volumes, you should decide that for yourself.
I would love to hear your opinion on this coin.. Let's talk in the comments.
"BUY THE DIP"
Good luck!
After the BitConnect 'refund' disaster, we have been seeing some very expactable chart movements for the BitConnect coin as of lately.
I think this might be because right now, the only people trading BitConnect are actually experienced traders. No normal person would buy this coin right now, so only the real traders really own this market.
Even though the coin is still in a pretty bad bear market, there's still a lot of money to be made thanks to the high volatility.
As you can see in the chart above, BitConnect coin's value is rapidly approaching an all-time low right now, and we could take advantage of this of course.
Of course, because of BitConnect's bad reputation, this is still a high risk investment. It will probably continue to fluctuate like it has been since the closing of the lending platform, so you can always lose money very quickly. So beware of that.
If you are entering this trade, I would recommend dollar-cost-averaging as the value continues to approach an all-time low. (around 575)
In the chart you can see two options that I think are the two possibilities where it could go from here. The option that will take place depends on the volumes, you should decide that for yourself.
I would love to hear your opinion on this coin.. Let's talk in the comments.
"BUY THE DIP"
Good luck!