Not sure if the bulls are back? Here’s how the golden cross spots trend reversals
Cointelegraph
Published Jun 17, 2021 04:00PM ET
Updated Jun 17, 2021 05:40PM ET
The most important aspect in trading is to correctly identify the long-term trend. Once this is done, the rest of the steps are not very difficult because all a trader needs to do is look for buying opportunities in an uptrend and selling opportunities in a downtrend.
In reality, many traders complicate the process by waiting for lower levels to buy in a bull market and missing a large portion of the rally. Then, when the trend reverses and the price starts falling, the same traders start buying, which usually results in losses.
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Written By: Cointelegraph
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