How To Trade A Bear Market In Crypto; Why NFTs Are The Better Investment In a Bear Market - Crypto Breakdown January 10, 2022

Episode Summary:

Is Crypto In a Bear Trend?

Which indicators are most helpful when trading crypto?

Alternative investments to crypto in a bear market and how to recognize break-out coins?

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Episode Summary:

Today On the Crypto Breakdown, host Joe Dewitt looks at the two of the most popular coins HARMONY vs AVALANCHE.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Monday. Hope you all had a great weekend. My name is Joe Dewitt, and this is the crypto breakdown. So on today's episode, I'm going to talk a little bit on how to trade crypto in a bear market.

Now let me just say, this is not me saying that we are in a bear. This is just me trying to be precautionary and educate those out there that need a little bit of information on what to do when that time approaches. And I just want to help people prepare for the time when it comes. So a humongous thing of trading to really keep in mind is that you want to trade on volume and momentum.

 So when there's minimal activity in the market, it doesn't really prevent. A suitable environment for trading because in order to make successful trades, we need volume coming in and we need some sort of growth. So when there's no activity, it's very hard to make trades. So what I would recommend during bear markets would be to trade assets that are becoming ready to break out and how you can find that would be from a wide range of indicators.

I personally like to use a 50 day and 200 day moving average, which helps put into perspective where price is actually going. And it's referred to as a golden cross when that 50. 200 days overlap now to find a breakout, you could use multiple indications of a golden cross RSI levels of resistance and support and different technical analysis.

Personally, my favorite would be Fibonacci levels as well as the 50 and 200 day moving average. These really helped put into perspective where price is going and how momentum is falling or how momentum is growing, which can really. Determine which assets are moving in a bear market. Now, the one thing I will say is not to trade your regular assets and bear markets.

Like I've been saying it is important to have momentum.  Although we all like to have our certain assets, we do like to trade and certain coins that we do really like it may be best to find alternative investments that are getting ready to approach a breakout as well as alternative investments, like NFTs.

 NFTs and times of uncertainty and bear markets can provide great alternatives generally as the price of Ethereum falls, the value of NFTs would arise because the dollar value is going down. So a theory and price could go up, which would be a great alternative investment in bear markets. On the final note guys, the one last thing I will say about trading in a bear market is.

Forced trades when you're trading, it's really easy to picture a trend or a picture or a movement that you want to confirm, but a lot of the times they will not play out. So just make sure that you were taking out that bias and looking at everything from the same angle and just really make sure not to force.

Keep an open mind, look out for those levels of support and resistance and make sure to find a breakout coin that's all the time we have for today. Guys, thank you so much for tuning in. You can follow and subscribe to our podcast, which will all be in the description below quickly. I just want to say that this is not financial advice.

I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets. Did you know nearly all stock price changes of 10% or more result from a single news headline? That's right. News headlines have a unique ability to drive stock prices up or down.

These news catalysts create trading opportunities every day. All you need is a little help to reach out and take them. And if you're looking to grow your portfolio, it doesn't matter if your investment budget is small or big, an easy to read stream of news headlines will increase your opportunities to profit from price changes in the stock market.

Consolidate a knowledge-based investment strategy and grow your portfolio. All you need is Benzinga pro and it's powerful news alerts, price tracking, and portfolio monitoring. To make a positive change in your trading performance. We've already helped thousands of retail traders across the world, and they could not be happier.

Increase your market knowledge. Boost your exposure to big movers and make informed trades before major price changes, the opportunities are all around you. Subscribe now and will skyrocket your portfolio today.