btc might fall any day now it has completed all 5 waves to the upside . but it is wise to wait for it to break 37500 level because it can make continuation upside. . . above this level #BTC🔥🔥
here is a btc chart look at it . now think how logical it is bitcoin will go to moon with etf and stuff .
my say is it is not going anywhere without atleast retesting immediate support . . . . weekly trendlime retest even better.. . . .
if it continues to move upward . . . trust me its all a bubble that is growing till it explodes.
there is one important thing you need to understand #ETF also have short option ETF does not mean it will go to moon ETF just simply mean it will get more lequidity more volume
it will be absolute dumbness to think that all the volume bars will be green. . . it does not work like that . . . . . i am not investing in #bitcoin unless it falls to immediate support or weekly trendline #BTC #CryptoNews #btcusdt
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#BTC UPDATE i personally expect it to retrace till 30800 but many people are in FOMO they think like bitcoin will go to 69k if they dont buy now. . . trust me guys these people are trading upward on 5% chances market dont work like that . . . in the picture i drew some level. . . do not give in to fomo . . . . if #bitcoin wants to go UP 1st it needs to break the level 2nd it needs to make holdings at that level for few days . . . then it need to break the channel of holdings only then you can buy for long
if it wants to go down it will simply take rejection from here and dump in next few days
my personal opinion is (i could be wrong) it is just generating buy side liquidity in the current level so the big players can sell it dump it
as you know to sell big amount they need enough buyers. . . .
but currently i am neutral . . . . . market is trapping seller coz it is demanding buyers . . . . but to buy right now will be giving in to fomo!
tell your brain if the price is not going to the entry you decided it will not go to the price level you expect if it does you just got lucky (luck is good but but whole concept of trading is getting ahead of luck)
another things you can do is
avoid placing market order use limit order as much as possible with proper risk management
trust the market you can miss a big move but market is going to present 100s of move like that in different assest throughout he year
if you miss a pump . . . dw catch the dump and vice versa
follow the rules you think about after every loss and when not trading we often seems to forget during the trade
for me i wrote all the rules i set on myself and my trading system in a copy
then i re-read them 3X3 times before i sit to trade . . . after i take a entry. . . after i take profit/loss...
it might seem silly but sometimes we need to someone to tell us the things we already know . . . . if you have no one who can do that do it yourself like i do.
for past few day i have been analyzing #BTC accurately few important things you guys need to keep in mind when you read mine or anyone else analysis or signal
market is dynamic(always changing) moving , and creating new possibility with every candle .
there is always change in momentum
so make sure to do you own analysis when you trade an and try and find "confluences" between what you seen here and whats happening on the chart the point you are watching . . .
never blindly trade over a analysis from any guy even me. . .
so i am sharing you chart here is the key things we have to keep in mind
1. we can see the volume is decreasing over the time ( which also means the market is trading on he edge of the knife) normally when market keep pumping with lover volume it fakes out most time
2. market is pumping upward . . . because of the Bitcoin etf and other news circulating in market . . . . news base pump dump as you guys must have experience is unpredictable sometimes it seems like moving up but it goes down in the end and vice verse . . . hope you get the point
3. RSI is making a long term bearish divergence (when price is going up and rsi value going down which means a dump is on the way) but if we se it . . . RSI divergence is also breaking out this is because of the news and everyone seems greedy at the moment
here is what my opinion market is greedy with all these news and technical break outs etc. . . . . .
as you guys know. . . . . when market is greedy you be fearful and vice versa . . . .
beware guys this is little too much people and all the retailers are blindly trading hoping the Bitcoin gonna explode . . . .
guys lemme give you some advice how can you plan your next trade in #BTC
so first look for some kinda of holdings or range bound momentum between 26000-26200
its highly likely price will try to retrace back 27200-27250 but wait for holdings before you go long target will be uptil 27000 trail SL and take some profits in between
no here is he important part . . . this could be a big a&& bull trap if it break the support 26000 and 25700 in this case Bitcoin is going down 📉. . . . shot short short in this case
as i said in my previous post . . . many people were hoping for #BTC to come down . . . . but i predicted Bitcoin can go o 37000-37200 level . . check out previous one for the logic of it. stay safe guy dont be greedy #bitcoin is just playing the higher it goes the heavier it fall. . . for the time being dont look for short trade just yet. . . #BinanceSquare #trading #crypto2023 i am attaching the screenshot for my previous analysis
it is just a random analysis ....but it started to make sense in this chart with the current momentum it can go to 37000 usdt ...and to back it up we can see a weekly farevalue gap and a actually strong resistance level . #BinanceSquareTalks #BinanceSquareBTC #BTC #News #ANALYSIS