I’ve written several articles sharing my insights on the Bitcoin chart and what I anticipate could happen next. Recently, we’ve seen a series of strong green candles on the chart, which has left many new and experienced traders feeling confused.

The fear of missing out (FOMO) is driving a lot of people to buy aggressively right now, but in my opinion, that could be a costly mistake.

From my observations, it’s wise for investors to be patient and wait for a clearer setup on the chart before going all-in on a buy trade.


My outlook

Looking at the weekly time frame 📈even though it has entered a resistance area 😊the MA 25 is good at holding it at the resistance area 😊

So you need to conclude by getting a confirmation 😊 I will share the simplest way to confirm a buy in this article so read all

From my observation on the smaller time frame 😊 Bitcoin has now entered a strong supply area or liquidity zone this zone has acted us Strong buy and sell area in the past 😊 I will advice investors to wait to see how the zone act before buying the the market

The zone is within 91$k-95$k and it can reverse the market 🔽🔽🔽🔽

It will cost nothing to hold on or wait to see how market act before buying the market 😊 but it will rather protect your carpital from unnecessary loses

Hoe to confirm a buy

The easiest and the safest way to confirm a buy for a beginner is to 🔽🔽

1.keep an eye on weekly chart 📈 it should close above 95$k with a strong green candle

Any form of rejections on weekly time frame within the zone is a signal of a likely reversal so please be careful

2. Keep an eye on Daily📈 it should break the supply zone and then back to sit on it 📌as displayed ⬆️⬆️⬆️

This two is the simplest for a beginner to read the chart 📈 and decide

For now 😊 I remain bearish until I get my confirmation and i will definitely share when it is time so make sure you are following me

I am not holding any $BTC because I see all to be noise until confirmation 😊

This is a simplified article to clear some questions under the comment sections 📈 I will share a very long article to dive deeper

Make sure you are following 😊 Islam_ambassada