#BTCUSD What A Monday!!After the last short-term update we posted, The BTC price dumped as we expect to $55/52K and in the midday the market got panic and the price dumped to $47K we didn't mention this level i the last update, but although that, it was an expected movement from 54/58 K zone-based on last updates.
in the current time, most people looking for another bullish wave after this longed wick from $47K in this update, we will tell you the confirmation level to know is it a true or false rebound, with a mention for the most critical levels below $59K.
to say's BTC will go to $60K/68K/ maybe higher we need to see two confirmation signs,
first, daily/weekly close above $56K
second, monthly close at 53/55K
if bulls fail to do that, we will see starting for bearish a cycle in the market, which makes
$41K
$29K
$16K
$10K
as main critical /PRZ levels below $59K
During that, we do what we do always, and it's
“Trade What’s Happening… Not What You Think Is Gonna Happen.”
Current action:
watching, and waiting for any scalping chance with good R: R
based on our previous alerts, about market movement/ greed/risk management/booking part of your profits, etc, you should be fine with the last movement.
and we would like to remind you again, don`t fomo/ and follow risk management, kill your greed.
Be smart, Be safe.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person.
for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Press "like button" and leaving your "comments" below our ideas is a great and supports us provide more ideas.❤️
Good luck to all.
we ask Allah reconcile and repay🙏
