🛑 $BTC hit consolidation area 🤯‼‼ Important update on what's next for BTC.
✔✔How is everyone? So BTC moved as per the update I gave earlier. What will happen next? Will it pump now or will it go down? Here are all the updates. In these updates, all the charts are down. 👇
🔸 Well, if we go to the 4 hour chart, we can see the last rejection of BTC 66,500$. After that, I told you that there will be a normal dump. So, within a period of 4-5 days, BTC gave a significant down trend from $66,500 to $59,990. You can see the red colored area that I have marked below. So this area is called a consolidation area. This is formed after a bullish candle and then 3 or 4 bearish candles are formed below it. So after that the corresponding coin takes a normal pump to fill this candle pattern. Then he comes back to the area to get ready for the big pump. So what I just said is what has happened to BTC now.
🔸 So this is the best opportunity for you to get a long entry in BTC. Because if we look at the 1-day chart, we can see that only a small preparation has been made for this big pump. BTC price now is like 61,800$. So, even if you take the entry from here, you can go for a big profit. The support line on the BTC 1-day chart is about to be braked. What to say, BTC will pass the 70,000$ mark in the next few days. Why do I say that, we have bullish confirmations from all sides. That's all there is to say for now guys. Do not be afraid to place long trade at this time. Anyway, get used to placing stop loss correctly. Have a good day everyone.