Be Greedy When Others are Fearful...

One day chart shows the similar kind of pattern we saw in July when Crypto markets started to recover after May Crash,

After yesterday's sharp dip and immediate recovery made the same Double bottom (W) pattern on daily charts,after that Market is on the upside move.

On 21st September,bitcoin went to $39k,then recovered to 45k level,but failed to break the crucial resistance at 45k. Yesterday,we saw a sharp dip again but it touched $40.7k,recovered immediately now trading around $44k.This made a similar W-shape pattern last we saw in July, The way market is holding it's current price,i am optimistic that we might see July like recovery. Watch out closely,and trade wisely.

Remember the quote : Be fearful when others greedy,be greedy when others are fearful.

There is an environment of fear due to sharp correction, Evergrande's crisis, China's ban all these things causing the fear among investors. I won't say anything more you guys are smart enough to figure out the rest.

This is not a financial advice