We mentioned the TOBO formation that may occur at 71-72k levels in $BTC . Some people were asking whether TOBO should be searched at the top or at the bottom. I was telling them to watch and see. Moreover, I made an explanation and stated that TOBO could occur not only at the bottom but also at the top, and that TOBO that could form at the top could be a trap. I told you that I closed all my positions at the 71k level and expected a decline. My first target was 61-60k levels and I waited to make my first purchase from there again. 60-61k levels were the left shoulder support of Tobo that could occur. It was also the daily support level. The increasing number of my theses in the direction of decline convinced me even more. Frankly, anyway, I was prepared for the possibility of being trapped in my TOBO formation, because I had only used 30% of my cash at the 60-61k level. 70% of my cash was on hold in case the 60k support zone breaks, it could be a trap, if it drops to 50k levels and throws a needle. That happened, too, and I added nearly 40-50% of the price at 53k to what I bought at 60k. I hope this analysis was useful to you. I wish everyone good luck.
