Thanks for coming by to this update.
Before you start reading please hit that like button its free for you but precious for me. It motivates me to keep making such valuable contents for you all for free. It takes hours of research and attention.
Thanks
Let's get to the chart.
Guys firstly I need you to understand, TA is the perfect way to speculate the future price movements.
Taking trades on the basis of TA is mostly profitable.
So do not take any decision with emotions.
Some questions you must have:
1. When should we exit the Market?
2. Everybody is saying ATH this year really?
3. What if BTC plummets significantly?
I have all your questions answered.
I need to inform you that BTC is on a Critical stage. Monthly chart is bullish af.
The next 16 days (till the monthly candle ends) will be very important for BTC.
Let me make you aware of both Scenarios:
BEARISH OVERVIEW:
1. BTC has been trading under this 92 days long channel which is now broken.
2. Unless we see a BREAK BELOW 8600 which will make a new LOWER LOW will confirm the REVERSAL IN TREND the overall trend is still Bullish
3.Any daily close below 8600 will be the right time to exit the market and position yourself in USDT! We can go way lower can even touch the 5k level.
(Not a financial Investment)
4.What if it makes a lower low around 8600?
Well If it makes a lower low around 8600, it will make a lower high as well, that will be the best time to EXIT, THE FIRST LOWER HIGH!
FOLLOW ME TO KNOW EXACTLY WHEN TO EXIT IF THE TREND REVERSES!
BULLISH OVERVIEW:
1.Although BTC broke below that trendline but it might start trading under a potential Bullish Wedge for the next 16 days of the month to close above $9200 (The Brown dotted Line).
2. Maintaining that $9200 level will save us from being bearish but if somehow BTC manages to close above the $10500 Key Resistance, we will be entering a potential multi-year Bull Market.
So for those holding USDT (Sold around 10k on my call) just hold and stay aside until BTC makes a higher high above 10500.
If it manages to do so just jump in (I'll let you know the right time).
MUCH MORE INFORMATION IS GIVEN IN THE CHART, PLEASE OBSERVE.
I will update only 3 to 5 BTC updates monthly and that will be enough to know the trading territory for swing traders and scalpers.
Stop predicting the 100-200 dollar fluctuations and look at the big picture.
Do hit that like button and share your views in the comment section.
If you have any questions you can DM me directly. I try everyday to answer as many questions I can.
#Stay Safe
PEACE