A Close Look At The Crypto Performance After It’s Recent Bullish Movement
The wake of the green candle sticks as bitcoin and other alternative coins makes profitable market movement, Don alt in one of in he’s tweets during the session says that the Bulls gave back everything in the bear, then the traders did in the chop now it’s the bear’s turn. The interesting bit about the bears is that often times price only needs to go up 20-30% for them to lose it all. A bear market rally could wipe out almost all bears.
Technically in my mind, anything sub $30,000 is just a bear market rally. If you’re a bear and you’re not accounting for the possibility of $30,000 I think you’re going at it a little blue-eyed. We can just nuke but there is a non-zero chance we retest those levels in he’s opinion.
With this sudden performance by the kind crypto, it seems that the bearish season is out the way as we are gradually entering into the bull market. For me am still much optimistic on the negative side of the market movement as I see this bullish movement as a trap, and if retail traders/ investors ain’t careful they might be on the negative side as regards their crypto portfolio.
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