🚨 IS IT A BULLISH REVERSAL OR ANOTHER TRAP? 🐂🐻
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:
📊 1. Price Action: Is Bitcoin creating highs and higher lows?
📈 2. Trading Volume: Is there buying when the price moves up?
🎯 3.. Resistance: Is Bitcoin staying above a support level or is the move failing?
⚠️ 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My plan: Wait for proof set the level where the trade's no longer valid and control the risk before getting in.
🐂 Bulls: Are we getting ready, for another increase?
🐻*Bears: Is this a short-term rise?
Share your thoughts below! 👇
#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:
📊 1. Price Action: Is Bitcoin creating highs and higher lows?
📈 2. Trading Volume: Is there buying when the price moves up?
🎯 3.. Resistance: Is Bitcoin staying above a support level or is the move failing?
⚠️ 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My plan: Wait for proof set the level where the trade's no longer valid and control the risk before getting in.
🐂 Bulls: Are we getting ready, for another increase?
🐻*Bears: Is this a short-term rise?
Share your thoughts below! 👇
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis