False Breakout ! July 28, 2020
Updated
We have seen in the past that BTC has a wild behavior and loves to trap longs and bag holders at high prices with false breakouts ! We are facing a resistance @ $11534 ( August 5th 20219) and 0.618 fib extension sits right around $11950-$12100 level ! The whole world has gone bullish once again and the worst is yet to come ! There is nothing but bad news for the world economy and If you are thinking this market is going to the moon you are wrong ! This is all about liquidation and you will always get cheap prices so you can invest and get liquidated again! Our price Target for bitcoin remains at $6400, $5300 on both daily and weekly chart! It can come now or later ! Be patient and don’t fomo at the top !
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Note
Master Call ! Trade in Profit ..
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