DON'T BUY BITCOIN WHEN 🚫💸
1️⃣ Don't Buy Bitcoin below its 200-day Moving Average (MA)
It’s a signal of weakness and potential further downside. Always wait for confirmation above key levels!
2️⃣ Don't Buy Bitcoin in a downtrend or negative market sentiment
Bearish conditions can trap you. Confirm the trend reversal first before entering.
3️⃣ Don't Buy Bitcoin with low volume on a breakout
Weak volume = fake breakout. Look for high volume to confirm strong institutional activity.
4️⃣ Don't Buy Bitcoin near heavy resistance zones
Resistance levels act as barriers where price often reverses. Wait for a clean breakout above key resistance levels.
5️⃣ Don't Buy Bitcoin when its 50-day MA is declining
A declining 50-day MA indicates the asset is losing momentum. Buy only when it’s sloping upwards.
6️⃣ Don't Buy Bitcoin late in a parabolic bull run 🚀
The market becomes euphoric at the peak. Avoid FOMO as sharp corrections often follow.
7️⃣ Don't Try to Catch the Bottom
Guessing bottoms can lead to disastrous losses. Let the trend stabilize and confirm its upward move first.
What Should You Do? ✅
Buy on Breakouts above critical resistance zones, backed by volume.Use Moving Averages to confirm trend direction (e.g., 50-day and 200-day).Study Sentiment: Accumulate during extreme fear, not euphoria.
🔑 PROTECT YOUR CAPITAL
Trading Bitcoin is risky—never gamble with money you can’t afford to lose. Stay disciplined, and focus on risk management.
💬 Tag a friend who needs to know this! Share this to protect fellow traders!