In trading, especially in the #rollercoaster world of crypto, 'bear traps' 🐻 and 'bull traps' 🐂 can snare traders. A bear trap misleads traders into betting on a decline, but if prices rise, they're caught offside. A bull trap fools traders into thinking a rise is coming, but prices fall instead.
Here's a condensed guide to navigate these traps:
Look Before You Leap: Confirm trends with multiple indicators, not just one. Use both technical analysis 📊 and fundamental research 📚.
Stop-Loss Shield: Set stop-loss orders to cut losses. This is your escape hatch from sudden market turns. ⛔️💸
Patience Pays: Don't jump on a trend reversal until it's confirmed. Wait for solid evidence before diving in. 🕰️🔍
Stay in the Know: Market news 📰 can sway prices. What looks like a reversal might just be a knee-jerk reaction.
Risk Wisely: Only invest what you can afford to lose and spread your #Risks to soften any falls. 🛡️💼
Remember, in the realm of digital currencies, it's easy to get caught in the hype. Being cautious, doing your homework, and trading with discipline are your best defenses against bear and bull traps. Always wear the armor of due diligence in the battlefield of trading. ⚔️🛡️📈📉
#BTC #BullRun #bearorbull

#write2earn #Bitcoin 's #rollercoaster Ride: Profits, Losses, and Long-Term Prospects #BullRun🐂 #BTC.😉.
$BTC

For a brief period, it seemed like everyone who had ever put money into Bitcoin was making a profit. But now, as the cryptocurrency pulls back from its recent peak, there's a sense of uncertainty hanging in the air. People are wondering how long they'll be swept up in the aftermath of the "sell-the-news" phenomenon.
The original digital currency took a significant hit, dropping by as much as 14% after reaching an all-time high of $69,191 earlier this week. According to Coinglass, a crypto data tracker, over $800 million worth of bullish positions have already been wiped out in the perpetual futures market as prices take a nosedive.
These drastic price swings are just the latest example of Bitcoin's volatile nature. Despite its recent surge of over 60% since the year began, driven by excitement over the approval of US exchange-traded funds that could directly hold the tokens, Bitcoin has a history of extreme highs and lows. Past cycles have seen gains of over 1,000% in a year, followed by periods where investors watched their holdings lose nearly three-quarters of their value.
Ayesha Kiani, COO at MNNC Group, notes that massive liquidations often accompany new all-time highs, signaling the need for some market adjustments.
The recent gains were largely fueled by bullish bets in the derivatives market, where investors could leverage their positions up to 100 times their original size. This surge in speculative activity pushed the open interest on Bitcoin futures contracts to a record high of over $30 billion.
Spencer Hallarn, global head of over-the-counter trading at GSR, observes that long-biased speculation has resurfaced in crypto derivative venues, leaving the market vulnerable to short-term de-leveraging.

!NFT Market in Turbulence?
Ethereum's & Bitcoin's Dive, and Ronin's Rocket Ride! 🚀 #CryptoCraze Chronicles"

NFT Rollercoaster Update 🎢 Hold tight, crypto fam! 😱 In the last 7 days, NFT sales nosedived 20.15%. Ethereum, Solana & Polygon faced double-digit losses 📉, can this be an opportunity? Polygon led the group with a 41.73% drop in sales, while Bitcoin experienved a 1% dip. Avalanche joined the party with their own drops of 16.4%. Amidst the chaos, Ronin from Axie Infinity surged 207.7% in sales, and BNB Chain Sales increased of 45.33%! Let's go BNB!

In the world of unique collectibles, even if Cryptopunks dropped 44% in sales volume, Cryptopunk #6,940 went for $506k on Jan21 💎 ! Froganas hopped into the spotlight with a jaw-dropping 227% surge. 🐸 Can't miss the high stakes: #NFTs #rollercoaster #Froganas #CryptoPunk $BTC $ETH $BNB

$BTC has encountered a significant setback today, commencing its decline subsequent to reaching a key resistance level near $70,000. Since mid-March, the cryptocurrency has struggled to sustainably surpass this threshold. Interestingly, this resistance level aligns with the neckline of a potential inverse-head-and-shoulders (IH&S) pattern, a bullish reversal formation. A successful breakout above this neckline could propel Bitcoin's price towards its target of over $90,000 by July, corresponding to the maximum distance between the pattern's lowest point and the neckline. Conversely, failure to breach the neckline may result in a retracement towards the 50-day exponential moving average (50-day EMA) around $66,740.

#MarketSentimentToday #BlackRock #BTC #rollercoaster #Binance200M
$ETH $SOL

OMG.. What a roller coaster ride with $BANANA 😂 I Really Enjoyed It..

If You Can Handle This Crypto, You Will Enjoyed With This Crypto Trade. Otherwise Please Avoid Don't Trading Before Know About Banana.

Be Safe With Your Assets, Protect Your Investments And Trade Responsively.

#BinanceHODLerBANANA #BANANA #Bitcoin❗ #CryptoNewss #rollercoaster