What does Bitcoin's increased trading volume and sideways movement mean? A change in trend is imminent. Are you ready?
Bitcoin is testing 100,000 USD and has fallen back with increased trading volume. Do you know what this means? The big players' vacation is over, and a new round of layout and harvesting has begun. If you haven't realized this, being harvested should come as no surprise! Regardless, absolutely do not heavily invest at this timing.
The whole world operates centered around people, and those in power control the world. They determine the fate of humanity. The same goes for the cryptocurrency market; the institutions and big players behind the scenes control the cryptocurrency market and its trends. They won’t wipe everything out; their harvesting is a slow process. You and I are just part of the masses in the crypto world. Otherwise, there would be no need to focus on trading. Therefore, we have no choice in trading; we can only hone our trading skills and catch that one fish that slipped through the net!
After sharing in the community for so long, I have never talked about technical indicators. Judging market trends is not that technical indicators are useless; it's that they are not useful for trading outcomes! The ultimate goal of trading is profit, and technical indicators provide you with opportunities 9 out of 10 times. Just one time deviating from technical indicators can allow you to recover both your capital and profit! This is the trap of trading, and many people are not aware of this.
All technical indicators analyze past market trends to predict future market trends. For short-term traders, they can indeed be helpful, but in the end, it is very difficult for short-term traders to achieve results; often they just play for nothing.
Knowing the final outcome, it has always been this way, yet still feeling the urge to speculate and trade. Holding onto a sense of luck and trying to make money based on chance is not the way to trade profitably. I hope everyone can encourage each other!
Speaking of Bitcoin's market, today Bitcoin started to increase in volume, but the price of Bitcoin hasn't fluctuated much. This is a phase of frequent turnover, where buyers and sellers are in a standoff, evenly matched. This is a typical signal of a trend change; once the gap in the volume between bulls and bears is determined, along with active trading volume, there will definitely be significant market fluctuations.If I were to give direction, I would still recommend shorting at highs for a very good risk-reward ratio. I don't know how much it will rise, but once a major drop occurs, 5000-10000 points will be easy. What do you think?