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    Bitcoin Technical Analysis: Bear Hunt Won’t Last For Long (March 2020)

    The recent pump in the cryptocurrency market has gotten some traders excited once again. A move to the upside was long overdue after the brutal correction but after such declines in BTC/USD and the rest of the crypto market, we always want to see sustained growth not pumps and dumps. The price can always crash in the same manner in which it has been propped up and we have seen it happen before. It is clear to most of us at this time how most trading on crypto exchanges is fake and it’s just algorithms and bots trading among each other.

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    Today’s video was created using Crypto Daily Charts.

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    As many cryptocurrency traders and market-watchers know from their market analysis, cryptocurrencies exhibit very technical trading patterns, similar to other asset classes including foreign exchange (forex) and equities (shares and stocks), just to name a couple. Charts are therefore the most important trading tool that traders incorporate into their risk management strategies – when and at what prices to buy and sell cryptocurrencies.

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    #Bitcoin #BTC #TechnicalAnalysis

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