Post
Topic
Board Trading Discussion
Re: BULL TRAPS AND BEAR TRAPS CHAOS
by
Gozie51
on 21/08/2025, 02:21:44 UTC

Tough times for crypto!

It is actually time to take a decision. A decision to take a break. If the market becomes unstable and not choosing a direction, a trader is suppose to back off and allow the market breath. Few days ago the price of bitcoin touched $118k but retraced to $112k , now at $114k. This shows uncertainty on price direction and ready to breakout to whatever direction  We also need to remember we are approaching the last quarter of the year, weak hodlers may decide to take profit and we understand what that means.