🚨IF YOU ARE NOT A TRADER READ THIS 🚨
What defines a BEAR market? What defines a mark-down phase in the markets?
SIMPLY a series of lower highs..
Right now
#BITCOIN is forming that, dont rush into oversized positions thinking you bought the dip rather wait until the move proofs itself
What do you mean Mr. MarketExploiter?
When you zoom out and look carefully you can see that Bitcoin right now is reacting on good news (US IRAN peace deal) and still is below key levels
Which KEY LEVELS Mr. MarketExploiter? Enlighten us please sir.. ⚡️
• Firstly..Market Structure is still bearish.. Lower highs into lower highs
• Secondly we are below the key "Resistance" level which i shared countless times before throughout this multi month bearish trend - $74300ish
• Third, we are below 50 EMA on the daily, 2d, 3d,4d,5d,Weekly timeframe
WANT MORE? 👇
Macroeconomically speaking we still have high inflation, interest rates elevated,
$DXY is still consolidating at the highs, BONDS are up, BOJ decision on the horizon probably can trigger the famous "carry trade unwind" , deal not finalized, we have the other WAR still going on, we have LGBTQXZT movements going rampant demanding our blockchain wallets...
So before you FOMO into buys...I suggest you wait out the week, see how the new FED chairman will act/behave towards the economy answer a few questions then check the markets once more and if we start to break bearish structure WAIT for the confirmation/retest of the key levels and POSITION
I know its difficult but if you are not a SHEEP and start doing this more methodically with proper structure and rules you set for your own hard earned CAPITAL...
ONLY THEN YOU CAN SUCCEED 👑