#BTC☀ #CryptoNewss #MarketDownturn Retest was done as I me | cryptonion-cro on Binance Square

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Bearish

#BTC☀ #CryptoNewss #MarketDownturn 
Retest was done as I mentioned, broke down again, meaning downward movement

cryptonion-cro

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#BTC☀ #MarketDownturn #cryptobearish
60587 level is a retest level, if it breaks, retests and stays above, BTC going ↗️. If retest, either breaks through, and comes back down, or stays below and doesnt break, BTC ↘️

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Patience is key in everything, the next couple of weeks will decide the direction of BTC and all crypto markets. So play smart, read the markets properly, always look at higher time frames first. If you aiming to be a long term investor or holder, and missed a good time to get in, always keep an eye on higher time frames. It gives you time to plan if wanna build some small savings USDT to swop at the rite time and then hold your tokens. Lower time frames are for quick swing trading, and is very volatile, so keep that in mind.

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Attached screenshot of daily

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As you can see, daily MA crossed the trend for divergence, and is struggling to maintain and keep momentum once it breaks the trend back up again. Should the daily break the trend and maintain it above, as well s the MA, then price will move into overbought, signalling higher price climbs, should it fail md remain below the trend line, and break into oversold, followed by weekly doing the same, then correction is confirmed.

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#BTC☀ #CryptoDecision #cryptomarket #BearishSeason Crypto you need a lot of patience, even on stock markets. You take your time and let he market do its thing and wait. I have been quiet, as I am waiting patiently waiting for the market to correct. The RSI uptrend on monthly shows divergence, as per below. The weekly has crossed this trend indicating reversal, and the MA on the RSI has also crossed this trend line. Weekly has tried to setup and break back into the trend and failing, which means chart is likely possible to move into oversold for correction phase. Should weekly break back into the trend and remain, then BTC price will limb up again, if not, be prepared for correction stage.

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$BTC #CryptoDecision #cryptohints #crypto101 #MarketExperts #Market_Update Trading 101 If you re new to trading and not certain when to buy into a market. The best way is to use the most simple way. Using the golden cross method on higher time frames using the 200 MA and the 50 MA. When they cross, it signals trend movement. On the cross, draw a horizontal line, making it your support and resistance barrier. When a market crosses, it will also retest to that same level, it also allows you to cancel out false breakouts. A very simple 101 method, and allows you to put in stop losses properly when entering a market. I used this method on other exchanges, and it is the best way, also, dont target high leverage. I always set my market at 5:1, for every 1% gain, I get 5% return. Also allows you to not lose your funds much faster. When trading, make a trade of 1% of your overall account, allows you to lose less, and if market works in your favour, your 1% trade, is a 5% profit. Trade smart, dont chase greed.

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