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CRYPTO MECHANIC
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CRYPTO MECHANIC
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Rumours are that Strategy has sold over $1B of Bitcoin. Its a false news. They only transferred it to a different wallet. Social media is the only place where you can post some random shit and everyone believes you
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Bought BTC, More discounts are welcome Plan is to hold for a few weeks, probably til end of year. No Alts for now.
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To add an example to this post. We recently discussed the $107k zone on BTC. Price broke below it, failed to reclaim, and the market followed with more downside a perfect example of how broken levels guide the next move.
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When a coin breaks a key level, it often gives the best trade opportunity but only if you understand how to react. - If you’re bearish and price breaks below a key zone, you simply target the downside as long as price stays below that zone. - If you’re bullish and price breaks below a key level, don’t force a trade. It becomes a waiting game. Wait for the price to reclaim the broken level. That’s where the high probability setup appears. Open your charts, identify these broken and reclaimed zones, and trade accordingly. Applies on every timeframe, each timeframe provides different results. Simple, clean, effective.
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I haven’t been posting much lately. One of the reasons is the market weakness. As most of you know, I only trade spot, so I have to wait for good trade setups and unfortunately, there haven’t been many lately. I’ve also been quite busy with some house work for over a month now, and I try not to focus on the market when there are other things distracting me. Hopefully, by next week everything will be sorted out, and I’ll be able to focus 100% on the market again. Stay safe
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