I'm a fan of John Bollinger, the guy behind the Bollinger Bands (BB). Looking at the daily candles, we might see a reversal happening soon. It's causing some mixed feelings in the market some think prices could drop, while others are optimistic about a rise. But John Bollinger seems to have a solid investment strategy in mind.
Traders and investors see the market differently. Sure, we could experience a slight reversal or even a bear market. But if you check the monthly chart, it suggests that things could turn bullish for Bitcoin down the line. It might take a few months to play out, but the upswing could start anytime.
Long term investors barly have a need to worry over the short time movements of the market. You can imagine what happens on the 15mins or lower, an investors would literally have no business worrying over what price is doing there. They only have to focus on the bigger movements because that is what tells us about the big moves price wants to make. But it's different for traders because these small moves are what gives us opportunities as to trading the market efficiently. Though not every move is needed, you only trade those that aligns with what the HTF trend is doing. Right now we are very strong on the bullish so it's best to stick to looking for where to position for short term buys.
Well, this is how these indicators work. Bollinger Bands is one of the basic indicators most traders use, yet effective. Some consider this as a positive signal due to the BB, and some bears might take it as their entry point, aiming to enter a good short position. That's why trading is fun, you can't predict the next move even what kind or advance indicators you are using.
Day trader's focuses on the short term market shifts meaning signal points for profit taking and also buying point, that is the day trader's are focused on short-term market momentum like when price hits 81k+, at that point short-term trader's already signal and overheated market which definitely triggers a short-term reversals like when the price dropped below $80k to $79,500 before the quick reclaim.
Long-term investors focuses more on long structural involvement in the market, this is what .ake the difference between trader's and investors, while investors focuses on institutional inflow for long-term potential growth, traded focuses on short-term market signals to puck they trade position.