Bitcoin🦍Gorilla On BTC Next Shocking Dump($66k Fakeout Loading?"Trade what you see not what you think" is one of my most favorite quotes even though I don' know the origin, The current market in its state is not a clear one just yet. My last analysis call for 40k is still in play, though I see some chance rising for The bull to attempt breaking the Current resistance of 60k but what are the chances of loosing money if you buy this breakout ?
In my opinion, base on the current BTC price action I see the 60k to 62k resistance action as a very strong resistance to over come, But Then I see a strong possible rejection coming.
From This above daily chart we see price respecting the Daily chart Support that I made mention of in my last analysis that we will get a bounce to 56k to 60k. but the problem why I don't see this crossing 80k is because of what I am seeing on the weekly chart where we have a buyers line support at 42k to 38k area which in my opinion is a better buy entry point but will require good patient.
How about shorting the market Bitcoin 🦍Gorilla, Is it a good time to short since its at a resistance?
I see Tomorrow likely to be a red day in my opinion to 54k down move and hopefully we don't break 50k this time.
If you have been following my update, Our Target on this channel has been 68k since Jan, I have been warning about this 60k to 68k coming dump and Now This next rejection can be a deadly hit on BTC as we are currently heading back to that resistance of 60k to 62k.
I am always open minded, So the chances of my 68k target is there but I am still seeing the weekly chart screaming 40k and I am a price action trader that base most of my decision making on weekly and daily chart, therefore I wont be
Good patient trader will get 40k entry and a strong one will get 20k, This is my second month talking about this incoming dump plan, It will hit like a film trick......Be warned, This is no financial advice so please do more research thank you.
