โ ๏ธDon't get trapped, a warning to all traders who blindly use technical indicators without fully understanding themโ ๏ธ
๐During this Bull Market ๐ It's very likely that Bitcoin will reach 80'000+ US-Dollar ๐๐, by the end of May๐
After being in the crypto market for more than 10+ years, let Me give you some good advice that I learned from experience.
It's normal for the RSI Indicator to be overbought during a bull market, so you will never get a good entry point during a bull market without using Stoch RSI, the RSI Indicator works very well during Bear Markets to get a good buy entry when it's oversold, but is almost useless in a Bull Market, so always check the overall trend on the weekly chart before you make a decision, are we in a bull market or a bear market?
We are in a bull market, and this is very visible if you draw trendlines, the bulls always win in a bull market and bears often get trapped and then margin called at the highest points of
$BTC , so be very careful with what you're doing and know your limits, it's easy to be a bull in a bull market and win, but the bears often get too greedy, capitulate too late and lose a lot of money, that's a really bad ending and nobody wants that, that's my honest advice, take it or leave it. Be greedy when others are fearful and be fearful when others are greedy!
๐During this Bull Market ๐ It's very likely that Bitcoin will reach 80'000+ US-Dollar ๐๐, by the end of May๐
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#BTCUSDT #buythedip $BNT $BNB #BTC #BullishMay #TechnicalAnalysis ๐
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