BTC/USD - Care for basic support=better

Updated

If someone is still shocked by such designs in the market, don't be surprised. There are two cases of this kind. 1. In case of a false rhinestone breach. In this case, all those who came to the breakdown of the rang are eliminated, and the price continues to fall in the opposite direction from the breakdown in the stacks of all the longs inside the rang. 2. For market makers to fill gaps in volumes on impulses (especially when the volumes of the asset are very "thin") In this case, the entire impulse is corrected by 100% and the price continues to fall in the direction of the impulse movement. And as always, it turns out that from here it is either down or up. For this purpose, I indicated the area 6650-6700 on the chart as the Main Support. If the price goes under it, then we are dealing with Varinat 1. If the price starts to crawl up gradually, then most likely it will be a new local jump (for $7300).

!!!! Care for basic support=better trend again prevails/ you can look for a point in shorts. Stops on longs should be $50-75 points behind the main support.

Note

There's no further growth, which isn't going to keep you waiting for a real breakdown. So pull your feet to the longs. If the support doesn't hold, we're going to fall on the long stops down to $5,000, maybe even lower. The upward liquor has been collected by a $7,000 break-down, now there's a risk of margin longitudinal logs.

mr_kosovskiy

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