Do This When Crypto Bearish Occurs

Bearish Crypto

It's not easy to survive when it happens crypto bearish. To deal with it, you can follow simple steps so you can survive when the market is falling.

The crypto market experienced a very significant decline when bitcoins (BTC) fell below $20,000 since June 2022. General market sentiment outside of crypto is also dismal, and many investors are understandably worried. But that doesn't mean you should throw up your hands and run from the market during a crypto bear.

Do This When A Crypto Bearish Happens

When there is a crypto bearish, you can survive by doing a number of things. For that, please follow the steps below.

Buy Gradually

Bearish Crypto
you can do DCA when the market is down

It's all too easy to get on the wrong side of a crypto trade when the market turns wildly volatile, but that doesn't mean you just sit back and watch your portfolio tumble every hour.

Those of you who still have reserves of fiat currency or stablecoins, or have capital in a bank account, will have the ability to “buy in increments.” You can buy any number of cryptocurrencies whenever there is a significant crypto bearish correction in the market.

Use Indicators To Find Entry Points

Illustration of Indonesian Crypto Exchange
You can do analysis when the market is down

For those of you who have a basic or higher understanding of technical analysis, you can use certain indicators to measure when an asset has bottomed out.

When you see the best gap, you can immediately buy in stages. Do not buy carelessly, do an analysis by paying attention to the pattern of movement for several days. After you are sure enough, you can buy it again.

Investment Diversification in Various Crypto Assets

where to buy crypto
You can diversify assets when the market is down

It is impossible for you to know exactly which of the 17,000+ cryptocurrencies will recover the fastest or continue to rally highs during a crypto bear run.

One way to protect your assets is to use DCA for different crypto assets. By doing so, you will reduce your overall risk. 

To find the best crypto assets, take a look at the asset's price history using a tool like TradingView and see how well it recovered during previous crashes.

Past performance is no guarantee of future price activity but, again, it gives a rough idea of what a crypto bearish event might entail.

Also read: Crypto Investment Methods that You Must Apply

Do not panic

The Difference between Stocks and Crypto Platforms
don't panic when the market is down

This may seem like a no-brainer, but managing emotions during a crypto bear market is not as easy as it sounds. In fact, it is often described as the hardest thing to master when learning how to trade professionally.

An important step is to realize that fear and greed are the reasons your assets cannot last.

Having a concrete plan in mind before placing a trade can make all the difference between making a profit or losing money.

Also read: How to Avoid Crypto FOMO, Don't Get Involved!

Taking advantage is another thing that seems easy but is very hard to master. Don't panic when the asset you bought drops by 50 percent. Better HODL than having to sell at a loss when there is a crypto bearish.

Crypto article by PINTU


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