R.ACEACEACE #BITCOIN FAILURE TO GET ABOVE $57.5K = $52-$48.6k
I believe the price seems exhausted. I believe that failure to get above resistance and establish support at $57,500 would result in a dip down to the support area $52,363-$48,688
Please do your own analysis, responsibly manage your risk, and stay safe.
My overall bias of the market remains bullish. I believe if a dip occurs, it would only be profit taking by whales and a shakeout of leveraged longs. Hence I have targeted the support area between $52,363 and $48,688. I believe price will move to where the liquidity is so that the market makers can fill their orders before the next move. My short position is only a fraction of what I trade on longs. My stop loss is also extremely tight. I do not mind my stop getting hit. I accept complete loss before entering any trade.
Overall, I still do believe the price will continue to $60,000 in the bigger picture. Please see the link to my BTC long trade idea, which was absolutely perfect.
I am only expressing my opinion about the market. I am not a qualified or registered financial advisor. None of my trade ideas are financial advice. Please do not use my trade ideas as financial advice. Please do not send me messages seeking financial advice.
THANKS FOR HITTING THE LIKE BUTTON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Please do your own analysis, responsibly manage your risk, and stay safe.
My overall bias of the market remains bullish. I believe if a dip occurs, it would only be profit taking by whales and a shakeout of leveraged longs. Hence I have targeted the support area between $52,363 and $48,688. I believe price will move to where the liquidity is so that the market makers can fill their orders before the next move. My short position is only a fraction of what I trade on longs. My stop loss is also extremely tight. I do not mind my stop getting hit. I accept complete loss before entering any trade.
Overall, I still do believe the price will continue to $60,000 in the bigger picture. Please see the link to my BTC long trade idea, which was absolutely perfect.
I am only expressing my opinion about the market. I am not a qualified or registered financial advisor. None of my trade ideas are financial advice. Please do not use my trade ideas as financial advice. Please do not send me messages seeking financial advice.
THANKS FOR HITTING THE LIKE BUTTON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Trade fermée: ordre d’arrêt atteint:
I believe BTC will continue to $60k+ here. After $60k, I'll post an update. I am now long.
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
Next, here is my long trade idea: