{"id":385287,"date":"2019-06-07T01:01:20","date_gmt":"2019-06-07T01:01:20","guid":{"rendered":"https:\/\/uniquehot.com\/?p=385287"},"modified":"2019-06-06T19:13:23","modified_gmt":"2019-06-06T19:13:23","slug":"crypto-analyst-buy-dip-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-analyst-buy-dip-bitcoin\/","title":{"rendered":"Crypto Analyst Reminds Traders That It\u2019s Buy The Dip Season in Bitcoin"},"content":{"rendered":"

Since the start of April 2019, there have been many changes occurring across the crypto market as Bitcoin<\/a> surges once again. The bearish sentiment of the year prior turned into disbelief and soon after, into hope that another bull run has started to emerge out of the depths of the bear market lows<\/a>.<\/span><\/p>\n

As the market cycles from bear to bull trends, how traders and investors approach taking positions too should change, and one prominent crypto analyst and trader is taking the opportunity to reminder crypto investors that when it comes to Bitcoin, it\u2019s \u201cbuy the dip\u201d season, and that shorting any bounces is a \u201crisky\u201d strategy to take.<\/span><\/p>\n

Retracement, Not Reversal: Crypto Analyst Highlights Market Sentiment Shift<\/span><\/h2>\n

Now that Bitcoin\u2019s parabolic rally has started to pull back, the sentiment across the crypto market has once again flipped from bullish to bearish<\/a> in short order. But before the bears go ahead and put in that short order, they may want to reconsider, according to one prominent crypto analyst.<\/span><\/p>\n

Related Reading | Only 3 Months Exist Where Buying Bitcoin Resulted in Losses\u00a0<\/a><\/strong><\/em><\/p>\n

Crypto analyst GalaxyBTC<\/a>, tweeted a public service announcement reminding crypto traders and investors that the market has changed, and so should trading strategies.<\/span><\/p>\n

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Surprised on how bearish the sentiment is on this correction of a strong uptrend<\/p>\n

People are actually waiting to short the bounce<\/p>\n

Extremely risky play and the price could turn to the upside any moment, strong and fast, as it did before<\/p>\n

This is a retracement not a reversal$BTC<\/a><\/p>\n

— Galaxy (@galaxyBTC) June 5, 2019<\/a><\/p><\/blockquote>\n