Hello everyone, if you like the idea, do not forget to support with a like and follow.
This is a tough time for every crypto trader. No one expecting this kind of a dump. Who thinks that Bitcoin can drop $56k to $40k in a single day? If someone tells you that he predicted this move then he is definitely a god or a liar.
In my previous update, I told you that BTC should bounce from the $53k support level which is very strong support but it didn't happen. I feel no shame to accept my mistake. I told you what I saw in the chart. I did not have any magic eye to see this kind of a dump. So if you lose money or got liquidated because of me then I'm sorry to you guys. I also personally lose a good amount of money but one thing is sure I did not give up and start again my journey and you should have to. We have to start again and this time we will make a good amount of money.
Now let's get to the chart.
BTC is still looking weak. There are no signs of good volume. According to the chart, we might retest the $42-$44k zone and an immediate bounce is expected. Place your bids at $42-$44k But remember if BTC breaks the $40-$42k support zone then things get worse and might be this bull run comes to an end. But as long as BTC is above $40k we are still in a bull run.
For any bullish confirmation, BTC must break the $52-$53k zone. If it happens then we might see $60k soon.
So as of now wait for the confirmation and avoid leverage trading now. You can accumulate some good Altcoins on spot.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
This is a tough time for every crypto trader. No one expecting this kind of a dump. Who thinks that Bitcoin can drop $56k to $40k in a single day? If someone tells you that he predicted this move then he is definitely a god or a liar.
In my previous update, I told you that BTC should bounce from the $53k support level which is very strong support but it didn't happen. I feel no shame to accept my mistake. I told you what I saw in the chart. I did not have any magic eye to see this kind of a dump. So if you lose money or got liquidated because of me then I'm sorry to you guys. I also personally lose a good amount of money but one thing is sure I did not give up and start again my journey and you should have to. We have to start again and this time we will make a good amount of money.
Now let's get to the chart.
BTC is still looking weak. There are no signs of good volume. According to the chart, we might retest the $42-$44k zone and an immediate bounce is expected. Place your bids at $42-$44k But remember if BTC breaks the $40-$42k support zone then things get worse and might be this bull run comes to an end. But as long as BTC is above $40k we are still in a bull run.
For any bullish confirmation, BTC must break the $52-$53k zone. If it happens then we might see $60k soon.
So as of now wait for the confirmation and avoid leverage trading now. You can accumulate some good Altcoins on spot.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
