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As expected $BTC touched 73,600 area and got rejected from 6
71,200 according to last update. We are waiting for $67K area to start buying. But here are some changes in plan. Read full post for better understanding. Don't forget to like post.
According to technical analysis #BTCâ is currently taking a correction. Local support is present around 67K. Main support is at 65K. We can see some bounce but wait for main support for buying. We can see BTC around 65K with next two days. After that there is USA election. If Kamala Haris wins we will see huge selling that can led market to 60K or 55K area. But if Trump win then we will see 70K area again. Here is more explanation:-
If you are following us from long time then you know we sold around 73K and waiting for dip to buy. Here is our planning how we will enter in market? We will buy with 30% portfolio around 67K and with 50% portfolio around 65K and keep 20% for unexpected situations. Must use proper s.l to stay safe. Most probably is that Trump win and we see bullish momentum. Once see good profits start selling partially. Also we are expecting 0.25% rate cut on 6th Nov so we will also book profits if market pump.
So, at the moment buy 30% around 67K , 50% around 65K after buying set s.l and wait for market pump. Once e.p hit we will analyze market again and update you.
If you find this post helpful then don't forget to like post and follow @MU_Traders for more updates.
