Since January 2021, Bitcoin has had movements in a long-term trading range; it has touched the top twice on April 15th 2021 and November 10th 2021. Also, the price got as low as the bottom of the trading range on January 21st on the pullback, may 19th after setting a new all-time high and it stayed there for a while and now after 260 days, the price is about to...
In order to have a bull market, it's essential to absorb more money; and I mean BIG MONEY! The main reason that crypto market made huge profits in 2021 was that more people understood what cryptocurrency actually is. This led to normal people (such as me and other new to crypto fellas) investing on this market hoping to get good profit and we got it! But how long...
Obviously we are in a trading range right now and the price is a little above the support line. However, the sellers are still very active and the supply is overpowering the demand but if the sides change it's safe to say we can open a long position. Also, we see positive divergence in 4h and 1h time frames on MACD and RSI indicators, yet opening any long...
AAVEUSDT seems to be passing the resistant area, however we still can't see good volume which suspects the breakout to be a fake breakout. If the breakout is real, it would be logical to open a long position on the pull back; yet it's still risky to open a real long position. The next major resistant area is 285 and the SL is below 190. Also, things might go wrong...
