The Flippening

Bitcoin recently made all time highs, but is it time for a short-term correction in the longer-term uptrend? 

How do we cope with volatility if it is always a lurking danger? When we are faced with high volatility, we must be ready for it. Not only must we be prepared for it, but we must also be ready for the challenges to our rationality that come with it.

Over the past months, Bitcoin has been at the centre of a major paradigm shift within society. It’s been a long-time coming but the proof is in the numbers. Having jumped past its major resistance level of $10k toward the end of 2020, the popular cryptocurrency soared past the $50k mark by February 2021.

Traders have used candlestick charting techniques for literally hundreds of years. We can say they have stood the test of time. Traders continue to use this ancient technique because it works.