HEY YOU! DO YOU NEED HELP? Don't know whether to CLOSE or KEEP?
You are reading Binance square, looking for help, I will give you the information as briefly as possible and you can decide for yourself.
The decision you make at this moment could change the future of your portfolio and your life.
$BTC $ETH are the most important assets. Bitcoin is the first crypto created to enable the existence of blockchain, and Ethereum is the first altcoin that used blockchain.
Bitcoin has already reached new highs this year and approached the peak of the last cycle.
To understand the world, you must look back over long periods of time. Don't just look at 1m or 1h charts. In the 1D daily chart and 1W weekly chart, you will see the movement of the waves and how it always ends up rising after falling. If you know the RSI, you know that when it is low, it will rise at some point, and the price with it, and vice versa.
With altcoins, it's different; they have existed for a shorter time than Bitcoin, and their analysis in the 1W chart shows they go up and down within a range.
Today $ETH has been around for a long time since it is the first, and now it is at the lower part of the large time frame range, 1 week on the chart will also show the RSI very low. The probability of it rising is very high. It may fall a bit more, but with DCA you can average a low price and have the best entry for its new rise. 😅
The previous minimum was $1230 and now it was approximately $1370.
Before $1230, its minimum was approximately $867.
Do you think $1370 is not a new minimum to start rising?
In investments, the minimums are always ascending.
If you invest in altcoins, do not cling to any due to trends or whatever. It will lead you to make bad decisions.