🔥🔥🔥$BTC next move is toward 71,500 Here is full guide why?
First of all Alhamdulillah as predicted price of #BTC☀ droped from $69,900 area to 63,500. Here is now how and why BTC will hit 71,500 in upcoming days.
Note: I want to clear a thing that each word in this post co relate with another word. So, read full post to know exact direction of market. Also all ideas 💡 provided in this post are for my personal portfolio management . So, Do your own research before investing .
As you can see BTC is forming rising wedge pattern which is bearish pattern and give us a breakdown . Now it has reached our 2nd buying price range $63,500, we also shifted our third entry point from 60,400 to 63,500 area reason is given below. BTC exactly bounced back from 63,500 and now trading at 64,700. Mostly people become bearish when 65,000 support break and now waiting for 61,500 area. But we think they will not go their . As BTC boat is taking last shakes to break ATH. So, it is necessary to move upward from current level . As you can see on charts BTC bounced from $63,541. Mostly people who considering 63,500 area as support has opened long and put s.l around 63,400 or 63,300. But we think BTC will make a wick now till $63,400 or 63,200 and then it will start upward movement toward :
1. 66,400
2. 71,500
More Detail : Common support was 65,500 it get break people waiting for 61K or 58k area. So, they are already removed from long direction . Now people who consider 63,500 are in market . Market will grab their s.l and move upward in same 4H candle . we are Bullish now. Trend has started reversing . As all of you know we entered with 20% in market at $64,600 and 35% at 63,500. But we now enter in market with remaining 20% at $63,500 area also and will not wait for 60,400. As we need to go toward singularity not majority . We will hold now these entries till we get any bearish trend.
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