If you’re a novice when it comes to cryptocurrency trading, there’s a lot you need to learn if you want to be successful. If you’re new to the financial markets completely, you definitely need to learn the ropes – just to make sure you don’t make any otherwise avoidable mistakes.
What Is A Bear Trap
Today, we’re going to talk about a common occurrence in the Bitcoin markets – the bear trap.
Bulls & Bears Markets
Just like any financial market, the Bitcoin market undergoes ups and downs. In fact, Bitcoin (and other cryptocurrencies) can be even more volatile than, say, the stock markets. The trick is reading these upwards and downwards movements and see them for what they are.
You’ve probably heard of the idea of “bull” markets and “bear” markets. The terms indicate market conditions that are either aggressive when it comes to increased value – bullish – or predictive of falling value – bearish.