If you're still treating every bounce as the start of a new long-term uptrend, stop now.
This exact mistake has cost traders millions over the last cycle. You get in early on hope, then watch the dump while stuck deciding whether to hold or cut losses.
Charts are starting to hint at a potential shift in long-term momentum. $BTC printed a higher low on the weekly for the first time in months and closed above a key moving average that acted as resistance. That's catching attention from both camps.
$ETH and $SOL have not fully confirmed the same structure, and volume on this move sits roughly 35% below levels we saw in previous real trend changes. Bulls say this is the early signal. Bears say it looks like another trap.
I argue we wait for confirmation. Unconfirmed long-term momentum shifts in this market reverse more often than they stick. Better to miss a few percent than eat a full fakeout.
Where do you think this goes from here?
#Bitcoin #Crypto #Trading
This exact mistake has cost traders millions over the last cycle. You get in early on hope, then watch the dump while stuck deciding whether to hold or cut losses.
Charts are starting to hint at a potential shift in long-term momentum. $BTC printed a higher low on the weekly for the first time in months and closed above a key moving average that acted as resistance. That's catching attention from both camps.
$ETH and $SOL have not fully confirmed the same structure, and volume on this move sits roughly 35% below levels we saw in previous real trend changes. Bulls say this is the early signal. Bears say it looks like another trap.
I argue we wait for confirmation. Unconfirmed long-term momentum shifts in this market reverse more often than they stick. Better to miss a few percent than eat a full fakeout.
Where do you think this goes from here?
#Bitcoin #Crypto #Trading