What Should You Know About Bitcoin? Read This Post!
I remind you a very important feature of the crypto market... when we talk about reversals in the bullish trend, NOT always the price starts moving in another direction. Mainly, we should be ready to see new highs, false breakouts, consolidations, attempts to continue the trend movement without deep corrections.
Why?
I don't know exactly. Just some ideas which are based on my experience.
1. The crypto market, as well as the stock market, has the bullish nature. The majority of players want to make profit from pumps and bullish trends. It's obvious, the upward movement much more profitable than any dump.
2. The majority of players are newbies. They don't know how to short. They think about pumps by default. And of course, buy and hold is the most simple approach. It plays against those who wants to short the crypto market.
3. Without obvious bearish news, we don't have enough bearish pressure. Some players prefer to hold their coins, they don't have understanding that it's time to fix profit and open short positions. Big players also don't have reasons to short the market.
As a result, we have the most unpredictable situation around tops of any bullish trend. Overbought market conditions not always can provide clear and simple short trade opportunities.
As for bottoms in any bearish trend, we have absolutely different situation where just the manipulators can cheat us through false signals. But by default at the bottom we have much more bullish power and a lot of players like to go long.
Why?
I don't know exactly. Just some ideas which are based on my experience.
1. The crypto market, as well as the stock market, has the bullish nature. The majority of players want to make profit from pumps and bullish trends. It's obvious, the upward movement much more profitable than any dump.
2. The majority of players are newbies. They don't know how to short. They think about pumps by default. And of course, buy and hold is the most simple approach. It plays against those who wants to short the crypto market.
3. Without obvious bearish news, we don't have enough bearish pressure. Some players prefer to hold their coins, they don't have understanding that it's time to fix profit and open short positions. Big players also don't have reasons to short the market.
As a result, we have the most unpredictable situation around tops of any bullish trend. Overbought market conditions not always can provide clear and simple short trade opportunities.
As for bottoms in any bearish trend, we have absolutely different situation where just the manipulators can cheat us through false signals. But by default at the bottom we have much more bullish power and a lot of players like to go long.
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