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Crypto market is known for its high volatility. The beginners who step in to crypto they are advised to know technical anylsis like traders do in stocks. But the question is Does crypto influence by technical indicators now a days? Every one has own opinion but by watching the $BTC trends it is obvious crypto is totally moved for liquidity hunt especially after entry of investment companies.
So every retail trader must try to execute trade on possibility either you are lucky or face loss. Crypto is the game of whales and institutions. Individual traders are just trading in dense fog. #BTC

Bull market vs Bear market. when the price trend is upward it is bull market value of asset is increasing and when the price trend is downward that is bear market the value of asset is decreasing in a specific time. So, mostly trades are made keeping in mind the market trend either it is bull market or bear market.

RSI (Relative Strength Index) is an important indicator used by many traders to check over bought and over sold conditions in different time frames. It is the line that moves from 0 to 100. Above 70 is known over bought and below 20 indicates over sold position. In a strong trend it remains solid. So, traders use it with other indicators to check trend reversal or cooling of price for further movement.#RSI

Stop loss is must for any trade even a trader is 100% sure about trade. If a trader doesn't use stop loss in crypto then it's gambling not trading. As a beginner trader everyone faces loss and liquidates some trades but with passage of time only those traders survive who learn to use stop loss properly. #Btc

Support and Resistance are helpful for traders. The level where price starts to increase is support and the level where price starts to decrease is resistance. If it is uptrend when buyers break the resistance that resistance becomes support and in downtrend when a support is broken by sellers that becomes resistance. So traders always keep in mind the support and resistance before taking any trade of BTC.#BTC

USA is the hub of crypto world so any financial and political news from USA affect the prices of BTC and other currencies. Consumer Price Index (CPI) is a financial data which is released on regular basis to measure the change in prices of goods and services in America. It is an indicator for inflation and deflation. So when CPI data is released the crypto market reacts and becomes more volatile as investors reshuffle their money from stocks to crypto or vice versa for risk management, so always have a knowledge about CPI.#CPI #USA #BTC

Bitcoin is the king of crypto world and every other coins follow BTC in moving up and down. So a trader must know about movement of BTC before making any trade in any large cap coin. It is mandatory for a trader to know BTC trend, it's technical and fundamental anylsis and most importantly liquidity of market on daily basis. #BTC