#BTC -update Waiting for breakout or breakdown Avoid futu | Tm Gameboy on Binance Square

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#BTC -update 
Waiting for breakout or breakdown
Avoid futures trade
do
This could be a trap for Wells.

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$BTC Hi Friends ! Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to increase the probability of success in your trades

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$BTC Hi Friends ! Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to increase the probability of success in your trades

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#BTC Hi dear friends , Glassnode has reported that long-term Bitcoin holders, who had sold around 1 million BTC since late 2023, are now accumulating once again. This group has added approximately 70,000 BTC since the bottom of the cycle, as they see value in BTC's price consolidation above $60,000.

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#buythedip Hi Friends 🤗 Educational Post What Is Revenge Trading? Revenge trading refers to a psychological trap where traders try to quickly recover their losses, often leading to irrational trading decisions. Revenge trading can lead to a dangerous cycle of poor trading decisions, as traders start basing their trades on emotions rather than proper trading strategies. How Does Revenge Trading Work? Revenge trading typically occurs when a trader experiences a significant loss or a series of losses. Feeling the pressure to "make back" the lost funds, the trader deviates from their trading strategy, often increasing their position sizing or entering trades with higher risk profiles. The trader's judgment is clouded by emotions, overriding the discipline and rules set in their trading plan. They may start ignoring fundamental risk management principles and market indicators, focusing solely on recovering their loss as quickly as possible. For instance, imagine that after a heavy loss caused by an unexpected market downturn, the trader doubles down on another risky position to recover the lost capital. The new position bets against the recent downturn. Despite market indicators suggesting further decline, the trader sticks with the new position without any reason other than to recover their previous losses. Consequences of Revenge Trading Revenge trading can negatively influence traders both financially and emotionally. Financially, revenge trading often leads to further losses. It can also result in higher trading costs if trading frequency increases. Emotionally, revenge trading can lead to stress and anxiety. It can also lead to a feeling of frustration and failure, which might deter the trader from following a systematic trading approach in the future. Furthermore, persistent revenge trading can result in burnout, causing the trader to lose interest and potentially stop trading altogether. Trading is hard and can be very stressful.

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$BTC Hi Friends , Bitcoin is holding the $60,000 level and bounced from there. The volume is dropping because of the weekend and we see some action on Monday.

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