Where do you think this $BTC weeky SFP/Fake-out will take u | CRYPTO MECHANIC on Binance Square

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Where do you think this $BTC  weeky SFP/Fake-out will take us to? 

CRYPTO MECHANIC

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Bitcoin Weekly SFP (yet to be confirmed)

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Don't know why but this thing Always get the most hype when it starts to move. Maybe has a lot of bagholders in it. $TRB

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Why do newly launched tokens struggle/Go down? I get this question asked so many times so here is what i experienced or observed. Most tokens struggle because they give out the supply to community / early supporters and they take their money out. Secondly Prices are based on demand, and demand dependent on where investors are willing to put their money. What's the good way to trade new coins/tokens? Coins launch at millions of marketcap without proving anything so its always good to wait for the price to set a base/floor and when you see price starts breaking out of that base then you consider trading these newly launched tokens I attached some examples as well.

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If you're losing money in between and have no idea what's going on, Zoom out, its just a range. You don't have to flip-flop your bias in between. can wait for the market to give you a close in either direction and take your trade. That's what i normally do when things are hard to trade. Or the second thing you can use is "fakeout" of the range highs or the range lows. $BTC

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$BTC Continues to show weakness around prior ATH. 106900 is holding up the price right now. Break and hold below this zone and we will likely see some more downside.

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