🚨$BTC can still drop to $51K. Here is why ?
First of All Alhamdulillah BTC hit our first entry point area and bounced back ( We mentioned in same post we will see bounce from each entry point ). It's past now let's discuss about upcoming prices.
Note: Read full post till end , read half is just like blowing up your account with your own hands. Don't forget to like post.
Now let's discuss about #BTC☀ . As you know our first entry was at $57,500 , price did not hit exactly but such uncertainty always present . If you have bought on this entry then we suggest you to book profit here and wait for 2nd entry again. Currently the chart is same just like previous but we have added a resistance and line in it. Resistance showing price is expected to drop and line is used to indicate to what point it can drop. Currently we have resistance area around $60,000 - $61,000. Most probably we see a sharp dump from here. We will wait for below given entry point now and enter in market again once price hit them:
1. $57,500
2. $55,000
3. $51,600 (If market allow )
It is what market is indicating . Here is how manage our portfolio and how we will enter in market :
1. 20% portfolio at $57,500
2. 60% portfolio at $55,000
3. 20% portfolio at $51,600
Most probably market bounce from 2nd entry point , but as we always recommend to prepare for unexpected situation so we will keep these 20% for third entry if market dip to that we will enter otherwise we will use them for scalping or something like it extra. We recommend you to do your own research also before investing as in case of any lose #MU_Traders will not responsible .
Don't forget to like and share post . Follow @MU_Traders for more updates . Almost 4 hours ago we shared $SOL and $ETH analysis also . Read them also. And tell us in comment of previous post (Sol + Eth analysis post) should we continue them or stop.
