๐ This morning, I shared a bearish update while $BTC was trading at 64340, and it dropped until 63666. I also explained the conditions for BTC to break the sideways trend and potentially enter a bullish momentum. The condition is met when the #BTC 15m candle closes above 64644. However, in the afternoon, BTC suddenly rose from 64475 to 65350. I always wait for the candle to close before confirming bullish or bearish movements to ensure accuracy.
๐ Some more knowledgeable individuals have commented, jokingly saying that even their grandfathers could provide such analysis ๐. Others claim to profit by doing the opposite of our analysis. But imagine if our analysis gains 5% or moreโwhat would they do then? Occasionally, our analysis may face 1-2% losses due to manipulation, but I don't let negativity affect me. I simply block them and move forward for a better mindset.
๐ Currently, #BTC is experiencing bullish momentum with sideways trends. It entered bullish momentum at 65350, but shortly after, it dropped due to BTC #etf pre-session trading. BTC may rise again at any time as the ETF trading goes live within an hour.
๐ #BTC can possibly enter bearish momentum and break the sideways trend if the 15m candle closes below 63505. I will provide updates if this occurs.
๐ Please keep in mind that when I share conditions, you can use them for your stop-loss (SL) strategy if you cannot accept losses or wait for the 15m candle to close. I prefer waiting for the candle to close because sometimes the market reaches a level and changes immediately. Candle closing offers a more reliable signal.
Thanks for your support and love โค๏ธ.
Author : @KingofBTC2024 (For All) BXT
For Altcoins trading information ๐
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