Post
Topic
Board Altcoin Discussion
Re: Its a bull trap now
by
JohnBitCo
on 05/03/2021, 12:34:43 UTC
I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

As long as bitcoin does not close the day above 52,000$, we are in the bearish zone. The price dips many times to 47-48K but recovers because there is a lot of support too at these level. There is a big resistance as well as big support. We need to watch out which one break first ?