Every investment and all trading involves risk, so you should always perform your own research prior to making decisions.
Hayes’s “bottom checklist” includes the decreasing correction between Bitcoin and the tech-heavy Nasdaq 100, Bitcoin trading at price levels close to the peak of the previous bull market cycle, and media gloating about “greedy plebs” who got burned by crypto.
He believes that traders should be prepared for “impressive bear market rallies” given that many of them are currently in a loss reduction mindset.
Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.