HI Team
For some reason, people always get upset about crypto bear runs, but fluctuations in any financial market are part and parcel of their existence.
It is our job, as traders, to profit from both sides of the coin where possible.
Bitcoin has reached back to the heady heights of $50,000 + recently. But this stage of the bull run is decelerating, and we are due to have an imminent downturn.
The key to this ( as with most trades) is not to rush in. Wait for the market.
We should see a short-term price drop in BTC as charted, before a final bull push. I personally feel this is unlikely to be more than double-top, but my advice is to follow with an ascending trendline until you see a clear breakdown.
Once we see a break below the current major ascending trendline, we know we are in a safe bear run, and this will be BIG - crypto commodities dump very quickly when the time comes.
So watch the market, don't chase the short-term dip or the short-term bull. Wait for a clear breakdown, make a safe entry, and follow the marked Fib levels for TP and re-entry opportunities.
Like what I do? Please like, comment, and share! Your support makes a huge difference.
And remember - just because we see a short opportunity, doesn't mean we don't support the market or the commodity. We should utilise all opportunities.
Good luck, Trade safe!
DrBear
For some reason, people always get upset about crypto bear runs, but fluctuations in any financial market are part and parcel of their existence.
It is our job, as traders, to profit from both sides of the coin where possible.
Bitcoin has reached back to the heady heights of $50,000 + recently. But this stage of the bull run is decelerating, and we are due to have an imminent downturn.
The key to this ( as with most trades) is not to rush in. Wait for the market.
We should see a short-term price drop in BTC as charted, before a final bull push. I personally feel this is unlikely to be more than double-top, but my advice is to follow with an ascending trendline until you see a clear breakdown.
Once we see a break below the current major ascending trendline, we know we are in a safe bear run, and this will be BIG - crypto commodities dump very quickly when the time comes.
So watch the market, don't chase the short-term dip or the short-term bull. Wait for a clear breakdown, make a safe entry, and follow the marked Fib levels for TP and re-entry opportunities.
Like what I do? Please like, comment, and share! Your support makes a huge difference.
And remember - just because we see a short opportunity, doesn't mean we don't support the market or the commodity. We should utilise all opportunities.
Good luck, Trade safe!
DrBear
