Post
Topic
Board Speculation
Re: Do you think this pullback would last long
by
Mahanton
on 05/02/2025, 09:52:39 UTC
People will say that it's now down again to $97k. I think most people that are too reactive to the daily price of Bitcoin has something to do with day trading but I am not. Overall, it's still a good correction that we have to experience. The next time that it will recover with some good or no news at all that will make the entire market to react to is just a matter of time. It only has one way and direction to go for this bull run and that's going up. Everyone who's too stressed looking at the daily candles need to take a rest if you don't have something to do with it or you're a long term guy.
If you are a scalper or daytrader then you would really be needing up to have such approach on which you will be needing up to be active on whats happening on the market. You will be that be wary into the possible factors that could affect out the market but as we do all know that this market is really  that totally speculative or something which is really that wont be giving out any assurances on whatever analysis that you are putting into. Speaking about pull backs then its normal to have in a market because it wont be called a market if there wont really be that pullback or corrections on which its normal for a market to have. If you are that not good when it comes on playing up with the market prices or its movement then you will be incur loses but of course not everyone will really be that good when it comes to trading skills on which it will be needing up for you to consider out on whats the actions that you do need up to mind on. Taking up good entries and taking out some sell at the moment that the market do make out some reversal. This is why outcomes and results will differ on how someone will be making out such action because if you arent that good on doing such thing then trading wont really be that effective or profitable. Therefore, taking up chances when you do see opportunities it outmost recommended.