The next week is going to be interesting for traders. The US, UK, and Canada will reveal the inflation data. Australia will show the labor numbers, while New Zealand – GDP growth.
Big news: trade the volatility
On Thursday, you'd see the following Bloomberg headline.
What would your reaction be? "I want to trade crypto", most probably. Well, you are welcome to trade it - FBS Trader gives you that opportunity.
But would you buy or sell? Impressed by the mentioned rise and the bullish euphoria, you'd probably go bullish as well. Next day, you'd see the below headline.
In other words, the market excitement is gone, and bears got their part.
What does that mean? Only that you should keep analyzing the market - even when powerful news is all around. The volatility is here, the market activity is here - and even much more than before. That's what should be your stimulus to get into the market: increased activity. But the exact trade tactics should be the result of your careful consideration and analysis - as usual. Therefore, any hype serves you just to put your attention to something - but you should not take it as a reliable indication on an exact position direction or a trade tactic. Hear the crowd - check it out. Think. Open position.
Anyway, there are a lot of stong moves - a lot to do, a lot to earn, a lot to analyze. Bitcoin is very volatile, as you can see on the chart below, so there is potentially plenty of room for trade maneuvers - and for possible gains.
P. S. It's above $36,000 again! Turbulence, turbulence...
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