🌟Trend is Friend

. A common mistake in trading is thinking: "The price is high and it is difficult to increase further; the price is low and it is difficult to decrease further." This is the cause of bottom fishing, top fishing and counter-trend trading by many traders in the market.

. In an uptrend, a downtrend will bring inexperienced traders into the market with short positions and then increase further. On the contrary, in a downtrend, the rising wave will trap traders following the buying trend and the market will then decrease

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07 #trend #price #crowd #friend #mistake

Tgram Channel - @TradingHacksWK

Santiment points out that the current $BTC bounce has been short-lived, but this is only the first bounce 🔥

They point to continued negativity from the crowd, indicating that patience is running out. And also the low RSI of only 36 are strong signs that a bounce is near 💸
#santiment #Bitcoin❗ #RSI #crowd