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Warrior001
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what's the next fate of #BTC? Bearish or still bullish ? Lately there have been a high inflow of money in bitcoin market. The high surge of BTC movement we just saw recently was created from a S/D flip in the 43k zone. Currently price is at very strong supply Yes #BTCETF have been portraying a positive impact on BTC lately but the question is can there be a sufficient inflow of money that can clearly break the current supply at the 47.48k zone? If price fail to break the current supply zone then we could expect to see a fall in bitcoin price. Another thing is before we can say we are bullish on BTC, we need to see the price of bitcoin close this week at its current price #Write2Earn

what's the next fate of #BTC?

Bearish or still bullish ?

Lately there have been a high inflow of money in bitcoin market.

The high surge of BTC movement we just saw recently was created from a S/D flip in the 43k zone.

Currently price is at very strong supply

Yes #BTCETF have been portraying a positive impact on BTC lately but the question is can there be a sufficient inflow of money that can clearly break the current supply at the 47.48k zone?

If price fail to break the current supply zone then we could expect to see a fall in bitcoin price. Another thing is before we can say we are bullish on BTC, we need to see the price of bitcoin close this week at its current price

#Write2Earn

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Sometimes we get to learn things the wrong way. A lot of traders don't even understand what ๐Œ๐จ๐ฆ๐ž๐ง๐ญ๐ฎ๐ฆ and ๐•๐จ๐ฅ๐š๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ are. Let's quickly brush that ๐Ÿ‘‡ โคต๏ธ ๐— ๐—ผ๐—บ๐—ฒ๐—ป๐˜๐˜‚๐—บ This simply refers to the speed at which the price of an asset changes with respect to time. We have POSITIVE & NEGATIVE Momentum Positive momentum simply means the price of an asset is generally rising showing buy pressure. Negative momentum simply means the price of an asset is generally falling showing sell pressure Momentum is used by traders to know the strength or weakness of a trend. Some indicators used include RSI, MACD etc โคต๏ธ ๐•๐จ๐ฅ๐š๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ This refers to the degree of variation of a trading price. High volatility entails that the price of an asset changes rapidly by significant amounts and in a short period. E.g Coin A is $8 now, moves to $30 5minutes later and after 1hr drops to $7 Low volatility This simply means price changes or fluctuates gradually and by small amounts Volatility is used by traders to know how quickly/sudden a price changes E.g of Volatility Indicator is BollingerBand Can you now differentiate between momentum & volatility? If yes I'm glad you did. Stay tuned for more insightful contents #bitcoinhalving #BTC #tradingbasics
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