Bitcoin$BTC and #Marketstructure : The Backbone of Price Action and Consistent Profits
๐Market Structure 101:
๐ Price behavior over time shows market trend
๐ Uptrend: higher highs and higher lows = #bullish
๐ Downtrend: lower highs and lower lows = #bearish
๐Trading Tools:
๐ Moving averages (e.g. 50-period MA)
๐ Trendlines
๐ #RSI (Relative Strength Index)
๐ #MACD (for momentum)
๐ Patience
๐Trend vs Range:
๐ Trends: clear direction, profit opportunities
๐ Ranges: trade between support and resistance
๐Market Shifts:
๐ Uptrend reversal: higher highs turn to lower highs
๐ Range consolidation: breakout or reversal ahead
๐ชTrading Tips:
๐ Know the structure
๐ Use tools to confirm trend health
๐ Stay prepared for shifts
๐ Stick to your plan
๐ Save money like solider
