Is the price going up?

[Bushdark]

Are you planning to buy BTC or you are planning to trade your BTC? If you have BTC to trade, I will advise you to trade them because the price is still high for traders to earn profit before the price will start going down again to enter bear market. But if you are planning to buy BTC from the market, I will encourage you to wait for the price to start dumping before you can buy BTC because the moment you buy from the bear run,  it will give you the confidence to hodl the BTC till the bull market occur before you can sell to grow your profits.

The price of BTC is still going up, and I have hope that it will hit back $100k soon before the inauguration of the elected president Trump will take place because since the Trump won the election the price of BTC have be pumping to create enough opportunity for hodlers to earn massive profits.

The price of bitcoin fluctuating up and down. Bitcoin is not for everyone. Only few traders understand the scenario of this project and how to trade bitcoin. We don't rush whenever we're aiming to trade bitcoin, we study the market and confirm about the standing position to open trades, although it's complex but we have to do what we gon do for the purpose to have a lead in the market. However FOMO [ Fear Of Missing Out] steps in when we're trying to hold positions on bitcoin.

The crypto market is very hard to predict which is why we need to take decisions that will be of help to us not to trade anyhow in this ranging market. The market price is looking like a trap which can catch any trader that want to be greedy, want to make huge profits without understanding the market fully well. Making money from the crypto market should be possible but at this time, we need to analyze the market every day to know what the market might be planning to do so we don't get caught unaware.

[Japinat]

Hello,
Given the candles below, will the price go up?

https://i.postimg.cc/5yGx4JzT/Screenshot-2025-01-09-08-00-03-450-com-coinex-trade-play-edit.jpg

Thank you

It is difficult to assume what will be going to happen. The candlestick is not enough to rely on. Just like on other coins or even in Bitcoin, it can never be as certain as to where it is going. Therefore, close monitoring is the only way to check the movement of this coin. But if I were you, I wouldn't put much effort into this or focus on this coin because, for me, it was not worthy enough. You'd rather invest/trade in other known coins for a better view of the trend and profit assurance.

[CageMabok]

The crypto market is very hard to predict which is why we need to take decisions that will be of help to us not to trade anyhow in this ranging market. The market price is looking like a trap which can catch any trader that want to be greedy, want to make huge profits without understanding the market fully well. Making money from the crypto market should be possible but at this time, we need to analyze the market every day to know what the market might be planning to do so we don't get caught unaware.

With the current market conditions, everyone should not rush into making decisions because the potential to get caught in a loss can be much greater than getting a profit, but that may only apply to traders because for long-term investors who like to buy Bitcoin, of course they don't have to stop buying because of market conditions like today. Because investors do not target short-term profits on their investments, but for short-term traders I think it would be much better not to be greedy because it can sometimes trap them in worse conditions as you said.