#BTC Current Update! Must Read if you are in LOSS!!
Updated
BTC DAILY:- Still holding the necessary 28k support, the last hope for the bulls.
Break below that level and BTC could reach as low as 19.4k considering the current pattern as a Big bear Flag.
However, if BTC manages to break and close above the $28.8 k to 29.3k by the weekly closes we can expect some green weeks ahead. Firstly the 32k level needs to be taken by the bulls.
So is it bearish now? Of course, if you see the ltf charts, it's damn bearish. If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle.
Our job is to wait for the confirmation and take trade decisions accordingly.
MY PLAN:-
Wait for the weekly close to take any trade decisions.
I am not taking any trades in the last 3 months—a few scalps when I see the opportunity.
Mostly hit SL. Sign of a bad market!
Unless BTC makes a move, it's a wait-and-watch game. BTC has been printing red weekly candles for the past
MY MESSAGE TO YOU ALL:-
BTC has been trading within this range for the last few months.
If you are still hanging there with all the pain you had in the last 6 months, I believe you can make it to the next rally too!
So stay strong, and avoid leverage/ futures trades when the market is uncertain.
Try to take a break from the screen and spend some time with your family and friends.
Your mental health is really very important to have a sustainable career in trading.
Focus on your own well-being and start learning new things like TA, FA on-chain, and anything you like, and the money will follow.
Making profits is our secondary goal, preserving funds is the priority here.
Let me know your thoughts in the comments section. HIt a like if you find this chart idea helpful.
This idea is just my view and not financial advice.
Thanks for reading.
Stay strong
#PEACE
Break below that level and BTC could reach as low as 19.4k considering the current pattern as a Big bear Flag.
However, if BTC manages to break and close above the $28.8 k to 29.3k by the weekly closes we can expect some green weeks ahead. Firstly the 32k level needs to be taken by the bulls.
So is it bearish now? Of course, if you see the ltf charts, it's damn bearish. If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle.
Our job is to wait for the confirmation and take trade decisions accordingly.
MY PLAN:-
Wait for the weekly close to take any trade decisions.
I am not taking any trades in the last 3 months—a few scalps when I see the opportunity.
Mostly hit SL. Sign of a bad market!
Unless BTC makes a move, it's a wait-and-watch game. BTC has been printing red weekly candles for the past
MY MESSAGE TO YOU ALL:-
BTC has been trading within this range for the last few months.
If you are still hanging there with all the pain you had in the last 6 months, I believe you can make it to the next rally too!
So stay strong, and avoid leverage/ futures trades when the market is uncertain.
Try to take a break from the screen and spend some time with your family and friends.
Your mental health is really very important to have a sustainable career in trading.
Focus on your own well-being and start learning new things like TA, FA on-chain, and anything you like, and the money will follow.
Making profits is our secondary goal, preserving funds is the priority here.
Let me know your thoughts in the comments section. HIt a like if you find this chart idea helpful.
This idea is just my view and not financial advice.
Thanks for reading.
Stay strong
#PEACE
Trade active
#Bitcoin :- Consider the dotted line, we broke the support.
Consider the blue trendline and we are right in support.
BTC must close above the 28.4k to reclaim the bullish momentum.
I think scenario 2 is likely.
Let's wait for the weekly close.
Trade active
Beautiful hammer in daily, Can it sustain?
Let's wait for the close.
Comment
BTC in a lower time frame looks good.
Trade active
RIP BTC. Posting a new chartTrade active
#BTC :- This weekly candle is important. Bulls can't afford a close below this level.
We already started trading below it.
Close below this EMA could pull BTC to 19k and even lower than that followed by months of consolidation.
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