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Market Trends
- I think we are still bullish as long as bitcoin is above 50k, Altcoins are down significantly and maybe that’s why there are too many people who are bearish now because most of them are stuck or in great loss.
Why we witnessed a big drop in market?
- Market is volatile right now because trump said he supports crypto and that was when market started to pump but then Kamala Harris came as opposition and there’s a chance she can win the election plus Japan raised interest rate for the first time after so many years and another viral video of trump saying that he would like it if stock market crash before he become president means he’s expecting rescission. I think all of this played a big part in this big crash.
Prediction
- I believe all of this is just noises and distractions, I believe in next 6 months bitcoin will make a new all time high, statistically speaking bull market is not over yet. We are just in the beginning of bull market, I think we are at “Hope” stage and soon we will enter “Optimism” stage.
How can you prevent these drops?
- I believe it’s pretty hard to predict market and nobody knows what will happen next so we should follow a trading system and rules and stick by it. Our emotions are our main enemy, we can be greedy when market is doing well and we can be extremely fearful when market is going down or when we are in a loss of which enable us to make more mistakes and sometimes some people end up losing all capital so it’s better to follow a solid trading plan and system with rules. Also, it’s very important to use Stop Loss even in normal trading to avoid getting caught in this kind of shattering crash.
- I think we are still bullish as long as bitcoin is above 50k, Altcoins are down significantly and maybe that’s why there are too many people who are bearish now because most of them are stuck or in great loss.
Why we witnessed a big drop in market?
- Market is volatile right now because trump said he supports crypto and that was when market started to pump but then Kamala Harris came as opposition and there’s a chance she can win the election plus Japan raised interest rate for the first time after so many years and another viral video of trump saying that he would like it if stock market crash before he become president means he’s expecting rescission. I think all of this played a big part in this big crash.
Prediction
- I believe all of this is just noises and distractions, I believe in next 6 months bitcoin will make a new all time high, statistically speaking bull market is not over yet. We are just in the beginning of bull market, I think we are at “Hope” stage and soon we will enter “Optimism” stage.
How can you prevent these drops?
- I believe it’s pretty hard to predict market and nobody knows what will happen next so we should follow a trading system and rules and stick by it. Our emotions are our main enemy, we can be greedy when market is doing well and we can be extremely fearful when market is going down or when we are in a loss of which enable us to make more mistakes and sometimes some people end up losing all capital so it’s better to follow a solid trading plan and system with rules. Also, it’s very important to use Stop Loss even in normal trading to avoid getting caught in this kind of shattering crash.
CRYPTO MECHANIC
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I will share $200 with my 10 followers 🤝
Here is how you can win.
👉 Repost / Quote with this post 👈
Carefully read and discuss these topics to be eligible for $200👇🏻
1. Explain The overall market trends
2. Why we witnessed a big drop in market
3. Add your prediction
4. what strategy someone can use to prevent from these market conditions.
Here is my take on market so you can get an idea what you have to post:
Picture 1: Bitcoin was clearly printing lower high on the daily and weekly chart which is technically is a sign of weakness.
Once price start breaking down we saw a sharp well off which was obviously caused by market weakness itself but also some macro fundamentals that iran is attacking israel , Global recession and Japanese market is crashing.
Market trends (Picture 2)
if you see the overall weekly trend i think nothing changed on the $BTC weekly scale price is still on an uptrend based on the weekly chart unless we see a weekly close below $50k level.
Predictions:
Like i said as long as the high timeframe chart is bullish it's fair to expect bitcoin continue to push up towards the new highs. The key level to hold is $50k
How you can prevent from these drops?
As this move down was fundamentally driven
When situations are this bad charts are least likely to work.
The least you can do is either wait for the situation to settle or buy when you see market capitulation. (A big move down)
you see how big that candle was and it dropped to key high timeframe level and provided a good move up.
Join the conversation now and share your insights for a chance to win!
🎈This post is jointly sponsored by Binance Square.
Here is how you can win.
👉 Repost / Quote with this post 👈
Carefully read and discuss these topics to be eligible for $200👇🏻
1. Explain The overall market trends
2. Why we witnessed a big drop in market
3. Add your prediction
4. what strategy someone can use to prevent from these market conditions.
Here is my take on market so you can get an idea what you have to post:
Picture 1: Bitcoin was clearly printing lower high on the daily and weekly chart which is technically is a sign of weakness.
Once price start breaking down we saw a sharp well off which was obviously caused by market weakness itself but also some macro fundamentals that iran is attacking israel , Global recession and Japanese market is crashing.
Market trends (Picture 2)
if you see the overall weekly trend i think nothing changed on the $BTC weekly scale price is still on an uptrend based on the weekly chart unless we see a weekly close below $50k level.
Predictions:
Like i said as long as the high timeframe chart is bullish it's fair to expect bitcoin continue to push up towards the new highs. The key level to hold is $50k
How you can prevent from these drops?
As this move down was fundamentally driven
When situations are this bad charts are least likely to work.
The least you can do is either wait for the situation to settle or buy when you see market capitulation. (A big move down)
you see how big that candle was and it dropped to key high timeframe level and provided a good move up.
Join the conversation now and share your insights for a chance to win!
🎈This post is jointly sponsored by Binance Square.
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