MU_Traders
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$74K Is Still Valid || Here Is Why?
🔸 Few days ago we shared detail analysis about $BTC and called out $74K dump following $84K liquidity sweep.
🔸 $84K liquidity sweeped but there is no dump yet. Also market is showing strength and trying to stay above $84K level. But I am still bearish here is why?
🔸 First of all I want to clear complete data/analysis that will be provided in this article will be my own opinion so do your own research before taking any financial decision.
🔸 Let's start analyzing. Look around what is happening? Everyday bullish news from trump and data but not much upward move that should come.
🔸 It is showing they are selling by making people bullish. They are treating retailers as exit liquidity.
🔸 Every day Trump is saying market will blast so much like never before. But why they are not blasting? Why market is stuck around $80K - $84K? The answer is trap.
🔸 They will force you to buy here then they will shake market you will be removed in form of s.l or liquidation.
🔸 In short words they are traping retailers to buy here and after that they will shakeout market and after that a mega rally in Layer1 projects and ETH ecosystem will start.
🔸 Now let's discuss whole senerio technically 😏.
🔸 Look at above #BTC given chart. Continuesly showing sideway after taking over $84K level.
🔸 Not much volume due to weekend. So it is difficult for #bitcoin to show any bigger upside or downside move.
🔸 In my opinion BTC will go sideway for some time more that will create s.l and liquidation on both up and down side.
🔸 As market is in downtrend in 1D TF so most expected senerio is that BTC take upside spike maximum upto $87K and will fall upto $74K. That is most expected senerio and also favorable for both retailers and investors to buy at lower prices.
🔸 It is what fundamentals and charts are showing. Here is how i will plan my trades.
🔸 As when market hit $76K I clearly mentioned that I will accumulate 20 coins. In reality I have started it.
🔸 Among these 20 coins buying order for some coins has already filled you can say upto 2,3 coins only. Now they are 20-30% up from buying.
🔸 But buying order for remaining 18 coins has not triggered yet. Waiting for another dip to buy.
🔸 I am accumulating only alts in this dip mainly Layer1 and ETH ecosystem projects not BTC.
🔸 I will plan my buying when BTC will fall upto 74K. I will analyze there if any buying confirmation form I will buy otherwise will wait.
🔸 I will buy BTC only after confirmation but alts on upcoming dip. No plan to sell anything right now just buying plan on every dip.
🔸 The reason behind buying alts on dip but BTC after confirmation is that alts are at bottom and everyone is disappointed from alts that smart money want before starting alt rally. That is the main reason behind my plan.
🔸 I hope you find this article helpful. If yes then don't forget to like comment and share.
🔸 $84K liquidity sweeped but there is no dump yet. Also market is showing strength and trying to stay above $84K level. But I am still bearish here is why?
🔸 First of all I want to clear complete data/analysis that will be provided in this article will be my own opinion so do your own research before taking any financial decision.
🔸 Let's start analyzing. Look around what is happening? Everyday bullish news from trump and data but not much upward move that should come.
🔸 It is showing they are selling by making people bullish. They are treating retailers as exit liquidity.
🔸 Every day Trump is saying market will blast so much like never before. But why they are not blasting? Why market is stuck around $80K - $84K? The answer is trap.
🔸 They will force you to buy here then they will shake market you will be removed in form of s.l or liquidation.
🔸 In short words they are traping retailers to buy here and after that they will shakeout market and after that a mega rally in Layer1 projects and ETH ecosystem will start.
🔸 Now let's discuss whole senerio technically 😏.
🔸 Look at above #BTC given chart. Continuesly showing sideway after taking over $84K level.
🔸 Not much volume due to weekend. So it is difficult for #bitcoin to show any bigger upside or downside move.
🔸 In my opinion BTC will go sideway for some time more that will create s.l and liquidation on both up and down side.
🔸 As market is in downtrend in 1D TF so most expected senerio is that BTC take upside spike maximum upto $87K and will fall upto $74K. That is most expected senerio and also favorable for both retailers and investors to buy at lower prices.
🔸 It is what fundamentals and charts are showing. Here is how i will plan my trades.
🔸 As when market hit $76K I clearly mentioned that I will accumulate 20 coins. In reality I have started it.
🔸 Among these 20 coins buying order for some coins has already filled you can say upto 2,3 coins only. Now they are 20-30% up from buying.
🔸 But buying order for remaining 18 coins has not triggered yet. Waiting for another dip to buy.
🔸 I am accumulating only alts in this dip mainly Layer1 and ETH ecosystem projects not BTC.
🔸 I will plan my buying when BTC will fall upto 74K. I will analyze there if any buying confirmation form I will buy otherwise will wait.
🔸 I will buy BTC only after confirmation but alts on upcoming dip. No plan to sell anything right now just buying plan on every dip.
🔸 The reason behind buying alts on dip but BTC after confirmation is that alts are at bottom and everyone is disappointed from alts that smart money want before starting alt rally. That is the main reason behind my plan.
🔸 I hope you find this article helpful. If yes then don't forget to like comment and share.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.