Bitcoin trades demand respect, especially in uncertain conditions. This week, BTC entered a narrow range and traded sideways for hours. Instead of trying to predict a breakout, I waited. The range broke down with a strong bearish candle, but there was a trap — price quickly reversed and pushed above the range. That’s when I entered a long. It was a classic fakeout setup, and understanding this pattern made all the difference. I placed my stop just below the fakeout candle and targeted the top of the previous structure. The trade went beautifully. BTC loves to shake weak hands before moving. This is why you must know your patterns and study fakeouts — they’re one of the most profitable setups in crypto. Patience and pattern recognition helped me nail this one.
