How to deal with Crypto Market when its "Bleeding"?

"Whatever goes up must come down",i am sure we have all heard that phrase. The financial market is regulated so as to make sure it does not crush, as for the crypto market it is not regulated but it operate in a similar way. If you study those chart you can see that whenever cryptos are bullish they rise and when they rich a certain level you start to see some rejection candlesticks and that is how you can tell that the price is about to reverse and start selling.

The market moves in waves, higher highs and higher low so when a lower high is broken then if you was holding some coins then you better sell them and take your profit.

Newbies might wonder why it happens like that, well when people buy their intention is to make money. So they buy something of value an sell it at premium, meaning to say they buy low and sell when the prices are high enough that there are no-more buyers and only sellers will be present.

How to respond to this current bloodbath?

As you can see there is a bloodbath in the crypto market as almost every altcoin is falling and if you do not react accordingly then all those coins you bought will lose value while you watch. Of-course holding is the key in crypto but that depends with the type of a trader you are. Also there are cases when you can buy a token at $1 and that token reaches $10 then sell and closes below $1 and you will be back in loss, so to avoid that take your profits.

In my previous article called stable coins vs altcoins i stated the advantages of stable coins like DAI, Tether and the likes. The advantages of stable coins i the are not volatile an maintain their value.

If you look closely on the list you can see that while other coins are red, Tether is green and it maintained its price. So what you have to do now is, liquidate your altcoins and buy Tether or any other stable coin so that you safe-keep the value of your portfolio and you buy back letter when the market is going up again.