Like to support and follow for more content!
WHY FOLLOW?
• 4 Years of experience
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
...................................................................................................................................................................................
If we step back a little, we can see that Bitcoin dropped quite a lot, usually, when we see this happen, we have two scenarios ahead of us:
1- We retest the 42k-44k area before dropping again. This could happen because the resistance area is in confluence with the 21 Week EMA that is usually a really important zone to watch for BTC. In this case, the best thing to do is sell part of your alts back to USDT so you could buy at the lows again, because if BTC drops Alts will be crushed.
2- We break above the resistance level, then continue to the upside. Here it is better to HODL your alts and Bitcoin and wait for our update.
Keep in mind that this is a weekly time frame chart, so we won’t see those moves happen fast, it could take weeks if not months. You should decide here if you want to HODL your alts when we will reach the 44k area, or you can sell part of them then buy at the lows if we see Bitcoin drop again. We will update you as always.
Look at the linked charts below to see more details.
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
WHY FOLLOW?
• 4 Years of experience
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
...................................................................................................................................................................................
If we step back a little, we can see that Bitcoin dropped quite a lot, usually, when we see this happen, we have two scenarios ahead of us:
1- We retest the 42k-44k area before dropping again. This could happen because the resistance area is in confluence with the 21 Week EMA that is usually a really important zone to watch for BTC. In this case, the best thing to do is sell part of your alts back to USDT so you could buy at the lows again, because if BTC drops Alts will be crushed.
2- We break above the resistance level, then continue to the upside. Here it is better to HODL your alts and Bitcoin and wait for our update.
Keep in mind that this is a weekly time frame chart, so we won’t see those moves happen fast, it could take weeks if not months. You should decide here if you want to HODL your alts when we will reach the 44k area, or you can sell part of them then buy at the lows if we see Bitcoin drop again. We will update you as always.
Look at the linked charts below to see more details.
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
