Market Structure: A Key To 10x Your Profit As A Crypto Trader
Trading crypto in the bear market is one of the most difficult times for most traders, including advanced traders, but as the saying goes, the bear market produces the best traders, and millionaires are born. Trading without the proper skills, such as market structures of the crypto market and implementing your strategy, is akin to exposing yourself to risk, which could cost you your life, but in this case, your trading portfolio. Trading goes beyond buying and selling based on the feeling that this is the best time to buy or sell an asset. Understanding the market is in phases or cycles....
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Bitcoin is recovering, and traders are pinpointing $57,000 and $60,300 as the key short-term price levels to watch. The price of Bitcoin (BTC) is recovering after a strong sell-off during the weekend caused by cascading liquidations in the futures market.BTC/USDT 15-minute price chart (Binance). Source: TradingView.comTraders are pinpointing three levels as the critical price areas to watch in the short term: $51,200 as the major support, $60,300 as the important resistance, and $57,000 as the near term area of interest for sellers.It is critical for Bitcoin to reclaim $57,000Although the....
Bitcoin and the entire crypto market has faced some heightened selling pressure throughout the past day, with bears moving to regain control of BTC This has sent shockwaves throughout the entire crypto market, causing many tokens to plunge lower Analysts are now widely noting that the entire market could be well-positioned to see further losses in the near-term. One trader is noting that BTC reeling towards an “accumulation range” within the $9,000 region is a […]