Bitcoin-dead?
Last time when I posted 15days ago….and still I say the same thing…bitcoin is I a range..don’t chance price…by the time you chase a rally of 5% the next day it will just wipe all its gain…
Technically,this area was supposed to be where bulls were supposed to show their hands, right now I don’t see any evidence of any bull market…and that’s where we retailers need to careful…normally we expect market to rally from a support and drop from resistance..here you can
It’s just flirting with support…
If anyone is thinking of going long,best thing is to wait for break of the range and the retest
On a higher time frame,bitcoin is still making lower lows and lower highs and therefore till it breaks any significant high,it’s still sell on rise
Remember,most money is lost in a range bound market..why is that?
Let’s suppose market rallies today like 7%…by the time you get in…there is a high chance it’s standing dead at resistance and therefore it has higher chance to drop then to rally…and that’s where retailers get butchered…
If you don’t know to play the range…just sit out…money saved is money earned
Technically,this area was supposed to be where bulls were supposed to show their hands, right now I don’t see any evidence of any bull market…and that’s where we retailers need to careful…normally we expect market to rally from a support and drop from resistance..here you can
It’s just flirting with support…
If anyone is thinking of going long,best thing is to wait for break of the range and the retest
On a higher time frame,bitcoin is still making lower lows and lower highs and therefore till it breaks any significant high,it’s still sell on rise
Remember,most money is lost in a range bound market..why is that?
Let’s suppose market rallies today like 7%…by the time you get in…there is a high chance it’s standing dead at resistance and therefore it has higher chance to drop then to rally…and that’s where retailers get butchered…
If you don’t know to play the range…just sit out…money saved is money earned
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