$BTC confirmed a daily golden cross this week, with its 50-day moving average moving above the 200-day average - a pattern that could suggest the bear-market low is behind it.
Still, the signal needs more follow-through before traders can get too excited.
Kev Capital says bitcoin needs to establish stronger support above its two-day moving averages, currently in the $78,000 to $84,500 range.
Benjamin Cowen, meanwhile, cautioned that bitcoin could see a correction before any immediate rally takes hold.
A lot of Square KOLs are now adding their 365-day PNL to posts after seeing me do it and honestly, some of those numbers are shocking. 😂
It exposes something people often overlook: posting 50-100 times a day doesn't make someone a profitable trader.
Some of you are paying for monthly subscriptions because you think these “mentors” are trading gods. Before trusting anyone with your money, ask them one simple question:
“Show me your verified 365-day PNL.”
Binance Square actually gives traders plenty of ways to prove their track record - live trade data, running trades, daily/weekly/yearly PNL, copy trading, and more.
If someone constantly posts signals but refuses to show verifiable performance, that's a red flag.
Your money should come from your trading , not from blindly paying someone else for the privilege of following theirs.
Do your own research. Verify the track record. Stay safe, folks.
After spending so much time respecting the same rising trendline on the weekly chart, price is finally breaking out to the upside with strong momentum.