Hello Traders 🐺
Yesterday was an absolute disaster in the market!
We saw a huge pump straight into $88,500, then a sharp crash back down to the current level around $83,000, which led to a fakeout from our falling wedge pattern — the one with a target around the All-Time High.
But now the question is: what's next?
As you might know, fakeouts are never a good sign for any pattern.
And when we see one, there’s always a possibility of trapping both sides.
For example, in our current situation — when we saw the bullish breakout from the falling wedge, many might have thought:
“Alright, we’re about to explode and reach new highs!”
So they jump into a long position without waiting for a proper close above resistance, thinking the market was already oversold and fear was over — which honestly, wasn’t a bad thought...
BUT...
Suddenly, Mr. President ruins the market again! 💥
And boom — we get a classic bull trap.
Still, in my opinion, BTC.D is printing new highs, and sooner rather than later, it will crash.
We’re not supposed to be stuck in this correction forever, because we’re still in a bull market.
And don’t forget — the falling wedge pattern is still valid, and it’s a bullish pattern.
Also, price is still holding above the purple line, which is our weekly support — so nothing’s broken just yet. ⚠️
So, what now?
I believe the Fed is getting ready to cut rates and slowly start shifting their stance from QT to QE.
Why?
Because with yesterday’s new tariffs, US-imported goods are about to see inflation, and domestic producers could enter recession if the Fed doesn’t adjust its policy.
So yeah... I personally think it's a good time to buy.
Also, I’m planning to publish a dedicated educational idea about this — breaking down these macroeconomic factors and how they impact the market.
Make sure to follow me so you don’t miss it!
And as always, don’t forget our simple rule:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
Yesterday was an absolute disaster in the market!
We saw a huge pump straight into $88,500, then a sharp crash back down to the current level around $83,000, which led to a fakeout from our falling wedge pattern — the one with a target around the All-Time High.
But now the question is: what's next?
As you might know, fakeouts are never a good sign for any pattern.
And when we see one, there’s always a possibility of trapping both sides.
For example, in our current situation — when we saw the bullish breakout from the falling wedge, many might have thought:
“Alright, we’re about to explode and reach new highs!”
So they jump into a long position without waiting for a proper close above resistance, thinking the market was already oversold and fear was over — which honestly, wasn’t a bad thought...
BUT...
Suddenly, Mr. President ruins the market again! 💥
And boom — we get a classic bull trap.
Still, in my opinion, BTC.D is printing new highs, and sooner rather than later, it will crash.
We’re not supposed to be stuck in this correction forever, because we’re still in a bull market.
And don’t forget — the falling wedge pattern is still valid, and it’s a bullish pattern.
Also, price is still holding above the purple line, which is our weekly support — so nothing’s broken just yet. ⚠️
So, what now?
I believe the Fed is getting ready to cut rates and slowly start shifting their stance from QT to QE.
Why?
Because with yesterday’s new tariffs, US-imported goods are about to see inflation, and domestic producers could enter recession if the Fed doesn’t adjust its policy.
So yeah... I personally think it's a good time to buy.
Also, I’m planning to publish a dedicated educational idea about this — breaking down these macroeconomic factors and how they impact the market.
Make sure to follow me so you don’t miss it!
And as always, don’t forget our simple rule:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.