đš IS IT A BULLISH REVERSAL OR ANOTHER TRAP? đđ»
Bitcoin has started to look better. Does that mean the next rise is beginning?
Before making a trade I would pay attention to these 3 signs:
đ 1. Price Action: Is Bitcoin creating highs and higher lows?
đ 2. Trading Volume: Is there buying when the price moves up?
đŻ 3.. Resistance: Is Bitcoin staying above a support level or is the move failing?
â ïž Just a green candle does not prove a bull market is starting. Fake moves can catch both people who're long and people who are short.
My plan: Wait for proof set the level where the trade's no longer valid and control the risk before getting in.
đ Bulls: Are we getting ready, for another increase?
đ»*Bears: Is this a short-term rise?
Share your thoughts below! đ
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis
Bitcoin has started to look better. Does that mean the next rise is beginning?
Before making a trade I would pay attention to these 3 signs:
đ 1. Price Action: Is Bitcoin creating highs and higher lows?
đ 2. Trading Volume: Is there buying when the price moves up?
đŻ 3.. Resistance: Is Bitcoin staying above a support level or is the move failing?
â ïž Just a green candle does not prove a bull market is starting. Fake moves can catch both people who're long and people who are short.
My plan: Wait for proof set the level where the trade's no longer valid and control the risk before getting in.
đ Bulls: Are we getting ready, for another increase?
đ»*Bears: Is this a short-term rise?
Share your thoughts below! đ
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis