Entering Again because Btc Turns Bullish Back... my new entry 2.446
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$CAKE Long 🟢
Entries 2.5
DcA :- 2.4
Stop loss : manual 12 hr candle close 2.3
Tp🎯 2.9
Tp2🎯 3.36
Tp3🎯 4
Tp4🎯 5.08
Reason : Bullish pennant formation in 8hr Ps: Its a swing Trade so manage ur risk and do low lev expecting time 3 weeks u can go for spot also or do 3 to 5x according to ur risk management . ⭐if u find this information useful consider Tip me below It will motivate me to useful for u guys..⭐ #BTC #DYOR🟢 #BullishAltcoins
Reason : Bullish pennant formation in 8hr Ps: Its a swing Trade so manage ur risk and do low lev expecting time 3 weeks u can go for spot also or do 3 to 5x according to ur risk management . ⭐if u find this information useful consider Tip me below It will motivate me to useful for u guys..⭐ #BTC #DYOR🟢 #BullishAltcoins
$BTC Update Fri Nov 24🔴🟢 Btc has been ranging and eating up retail. Were consolidating in a channel in the weekly fvg that i mentioned weeks ago. Im watching for one of the following to play out, We have a value area range from 34-40k so with all this binance fud i would imagine you have shorts building up. In order to take them out we liq grab to 40-41 then head down to macro support at 32-30k and then make a lower high/ bearish retest of 34-38 then further down. Or we head down to 32 first and we get a nice bounce that takes us up into the low 40s, and then down again. on the lower tfs we can see that were forming a rising channel but recently it looks like were forming either ascending triangle or its a symmetrical triangle. easy way to look at it is which ever side break we either go to 40 or we go to 34 then 40 or down to 32 then 40. One things forsure when we do pullback and fine support, alts will go crazy. Im watching the dxy and it looks like were getting close to a bottom, we have ichi support at current level, however we have the downtrend that we broke that lines up with the golden pocket slightly below (which would line up with the btc liq grab theory). spx managed to get a monster bounce from the level that i showed yall in my previous post, were at our last resistance zone before we retest the ATH. Were at out VAH and were starting to see some big divs on the daily, if we rej everything would line up with btc reversal happening near end of year, so we can see some bloodshed before the halving which is in late march#BTC
Some of my thoughts on the current market: let’s say you are an exchange like Binance. If you let BTC go to 40K now, you would lose all the profits you made in November.. but if you drop BTC now lower, then you could liquidate all the leveraged longs.. right? I can never be 100% sure what happens next, but this is really logical. Another thing that shocked me is that ETH application for ETF from Blackrock is confirmed today.. ETH is still down. Maybe last week’s market already priced in 100% that Blackrock will apply for ETH ETF? If we get a major news about BTC or Tether ETF approval then the market will get a big pump up, but if not, then i am worried that the market is over leveraged on the long side so market makers would want to take BTC lower to flush all the longs. Be careful #dyor