Hello traders,
So Bitcoin broke the 'downtrend'. Unfortunately I have some questions of this, I do NOT think downtrend is over just like that. For anyone that longed this, CONGRATS, you got some balls. My personal opinion is that these are manipulations, breakouts happen with much higher volume than this and volume on this breakout is very very thin. I would consider this to be a bull trap until proven wrong. There will always be time to get into positions, this however is very risky in my opinion and I'll still stay out of any position, because anything at this point is gambling in my opinion, and I ain't gambler, I'd rather stay few months out of position then get rekt in next daily close. In my opinion there has to be a last move down.
I'll consider starting to build positions 37k all the way down to 30k if we get there.
Your priority has to be to save money on moves like this.
Trade safe,
None of this is trading advice,
Do your own research and learning.
Follow me on twitter and tradingview,
Thanks in advance!
All the best,
Trading Informator!
So Bitcoin broke the 'downtrend'. Unfortunately I have some questions of this, I do NOT think downtrend is over just like that. For anyone that longed this, CONGRATS, you got some balls. My personal opinion is that these are manipulations, breakouts happen with much higher volume than this and volume on this breakout is very very thin. I would consider this to be a bull trap until proven wrong. There will always be time to get into positions, this however is very risky in my opinion and I'll still stay out of any position, because anything at this point is gambling in my opinion, and I ain't gambler, I'd rather stay few months out of position then get rekt in next daily close. In my opinion there has to be a last move down.
I'll consider starting to build positions 37k all the way down to 30k if we get there.
Your priority has to be to save money on moves like this.
Trade safe,
None of this is trading advice,
Do your own research and learning.
Follow me on twitter and tradingview,
Thanks in advance!
All the best,
Trading Informator!