1. Explain The overall market trends
2. Why we witnessed a big drop in market
3. Add your prediction
4. what strategy someone can use to prevent from these market conditions
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1. Explain The overall market trends
2. Why we witnessed a big drop in market
3. Add your prediction
4. what strategy someone can use to prevent from these market conditions.
Here is my take on market so you can get an idea what you have to post:
Picture 1: Bitcoin was clearly printing lower high on the daily and weekly chart which is technically is a sign of weakness.
Once price start breaking down we saw a sharp well off which was obviously caused by market weakness itself but also some macro fundamentals that iran is attacking israel , Global recession and Japanese market is crashing.
Market trends (Picture 2)
if you see the overall weekly trend i think nothing changed on the $BTC weekly scale price is still on an uptrend based on the weekly chart unless we see a weekly close below $50k level.
Predictions:
Like i said as long as the high timeframe chart is bullish it's fair to expect bitcoin continue to push up towards the new highs. The key level to hold is $50k
How you can prevent from these drops?
As this move down was fundamentally driven
When situations are this bad charts are least likely to work.
The least you can do is either wait for the situation to settle or buy when you see market capitulation. (A big move down)
you see how big that candle was and it dropped to key high timeframe level and provided a good move up.
Join the conversation now and share your insights for a chance to win!
🎈This post is jointly sponsored by Binance Square.
Here is how you can win.
👉 Repost / Quote with this post 👈
Carefully read and discuss these topics to be eligible for $200👇🏻
1. Explain The overall market trends
2. Why we witnessed a big drop in market
3. Add your prediction
4. what strategy someone can use to prevent from these market conditions.
Here is my take on market so you can get an idea what you have to post:
Picture 1: Bitcoin was clearly printing lower high on the daily and weekly chart which is technically is a sign of weakness.
Once price start breaking down we saw a sharp well off which was obviously caused by market weakness itself but also some macro fundamentals that iran is attacking israel , Global recession and Japanese market is crashing.
Market trends (Picture 2)
if you see the overall weekly trend i think nothing changed on the $BTC weekly scale price is still on an uptrend based on the weekly chart unless we see a weekly close below $50k level.
Predictions:
Like i said as long as the high timeframe chart is bullish it's fair to expect bitcoin continue to push up towards the new highs. The key level to hold is $50k
How you can prevent from these drops?
As this move down was fundamentally driven
When situations are this bad charts are least likely to work.
The least you can do is either wait for the situation to settle or buy when you see market capitulation. (A big move down)
you see how big that candle was and it dropped to key high timeframe level and provided a good move up.
Join the conversation now and share your insights for a chance to win!
🎈This post is jointly sponsored by Binance Square.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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