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Bitcoin: BTC Traders To Make The Decision (February 2020)
Bitcoin traders have to make the decision now. What is this decision? It is deciding to be bullish or bearish on the market. You do not have to margin trade to take that decision. If you are holding coins, you are being bullish. If you are not holding coins, you are being bearish. You are inherently making a decision whether you are taking action or not. The reason it is now time to make the decision is because BTC/USD is at a turning point. Now that it has faced rejection at the previously broken market structure around $9.5k and begun its decline, you are inherently expecting one of two things.
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As many cryptocurrency traders and market-watchers know from their market analysis, cryptocurrencies exhibit very technical trading patterns, similar to other asset classes including foreign exchange (forex) and equities (shares and stocks), just to name a couple. Charts are therefore the most important trading tool that traders incorporate into their risk management strategies – when and at what prices to buy and sell cryptocurrencies.
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#Bitcoin #BTC #TechnicalAnalysis
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