G'day Traders!
This is simple but something worth looking at. In the past couple of months the big debate for bitcoin is whether or not we're in a bull or bear market. Well, here it is folks: Long term, log-scale chart shows us all. If we close below the long term trend-line on a weekly candle it is safe to say we are in a bear market. Yes, I know, the medium-term trend is downward but, long-term we haven't broken the trend. Simple as that. We may very well break the trend but until we do....we haven't.
At this point, I am buying support and selling resistance. That is literally the easiest way to trade in my own opinion.
Happy trading!
This is simple but something worth looking at. In the past couple of months the big debate for bitcoin is whether or not we're in a bull or bear market. Well, here it is folks: Long term, log-scale chart shows us all. If we close below the long term trend-line on a weekly candle it is safe to say we are in a bear market. Yes, I know, the medium-term trend is downward but, long-term we haven't broken the trend. Simple as that. We may very well break the trend but until we do....we haven't.
At this point, I am buying support and selling resistance. That is literally the easiest way to trade in my own opinion.
Happy trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.