How can we understand that BTC will drop?
No one can know for sure that BTC will drop, but it may be possible to notice the increasing likelihood of a drop early.
The risk of a drop starts when BTC breaks its trend, loses support, and the buying power weakens.
Let's say it's important to sense the atmosphere.
What does it mean to break the trend?
While BTC is rising: Every drop ends higher than the previous one.
If the new low is forming below the old low, it means the upward pattern has been broken.
This means: Buyers are not as strong as before.
What does it mean that buying power has weakened?
Buying power is the desire to push the price up.
How can you understand this: Reactions are weak, bullish candles are small, bearish candles are large and voluminous.
In short: Many want to sell, few want to buy.
Then the story continues like this: Panic ends, selling pressure decreases. Traders start to buy from the lows and the price gains strength again.
$BNB
$TRB
$DUSK
#BitcoinETFWatch #MarketCorrection #BinanceSquareFamily #BinanceSquare #writetoearn
No one can know for sure that BTC will drop, but it may be possible to notice the increasing likelihood of a drop early.
The risk of a drop starts when BTC breaks its trend, loses support, and the buying power weakens.
Let's say it's important to sense the atmosphere.
What does it mean to break the trend?
While BTC is rising: Every drop ends higher than the previous one.
If the new low is forming below the old low, it means the upward pattern has been broken.
This means: Buyers are not as strong as before.
What does it mean that buying power has weakened?
Buying power is the desire to push the price up.
How can you understand this: Reactions are weak, bullish candles are small, bearish candles are large and voluminous.
In short: Many want to sell, few want to buy.
Then the story continues like this: Panic ends, selling pressure decreases. Traders start to buy from the lows and the price gains strength again.
$BNB
$TRB
$DUSK
#BitcoinETFWatch #MarketCorrection #BinanceSquareFamily #BinanceSquare #writetoearn