$BTC is a wedge formation that is getting tighter and tighter. I predict that a sharp decline may occur. I recommend my friends who are trading in futures to be more careful.
$BTC Right now, I have charts in front of me in three time frames. The first and second pictures are monthly and error charts. There are two resistances in the 58 and 60 bands. (Think of the support resistors as a fault line. There is a possible earthquake, but the time is unknown.) And it has never been tested before. My prediction is that the ratio will be tested strongly.
In another daily photo, the channel formation catches our eye. Many people already know what this means.
As a result, I expect a strong support return in the 58-60 band.
$BTC It was something that was expected to fall. Previously, the pandemic, the Russian-Ukrainian war, etc. were used as excuses. Now the Iran-Israel war. They are making small traders believe excuses.
Small investors will be deceived by this decline and the bull trap. However, it has not fallen as much as it should yet. Many small investors who open long will either shoot at a loss or go into league. Thus, buyers will buy more at a lower price.
Many of the altcoins currently on the rise are bull traps. I'm still waiting. I don't like sayings like "I told you so before." My expectation is a strong 55-58 level at #BTC ..
$BTC There is an uncertain situation right now. It seems to be rising but it is falling. If 3 is rising, 4 is falling. This also deceives us.
My suggestion. ✔ Don't listen to those who say that it will fly, escape or sink at this time. Do not go down the well with someone else's rope.
✔ Never be greedy for revenge when you are at a loss. Do not try to sell what you have and cover your losses with another coin.
✔ Even if you don't know anything, look at the trends in all time periods on the charts. Start weekly and look at different time periods such as 1 day, 4 hours, 1 hour, 30 minutes, 5 minutes.
✔ Don't use all your money. Use one third.
✔ There are bull and bear traps. Don't be fooled by them. If you don't know what it is, there's tons of information on the internet.
$BTC It may seem very strange to you, but I expect 60 - 58 K. Maybe it will break the triangle up and make 75 -78 K. But then I think it will make 60 - 58 K.
It is not investment advice. I'm just sharing my opinion..
$BTC Eeeet #BTC rising. Well, where are those who said it will be 100 K and 150 K? There are no people in the market 😆😆
Anyway, let me share my thoughts again. However, we should not be deceived by this statement. You have to be careful. I entered the trade, but I placed my stops in case it fell at any moment.
If you have missed an opportunity, do not chase it. Either look for other opportunities (which definitely exist) or wait for new opportunities to come. But do not try to create opportunities.
OPPORTUNITY IS NOT CREATED. THE OPPORTUNITY IS SEIZED
$BTC Friends, I am stating it again. To those who say it will fly, run away, jump, fall, or sink in the market. Don't take seriously those who say "buy these coins and do something like this". Sell what you have, buy this and sell that now! Use your own mind. Learn the graphics. Learn how to analyze. How to read. If you trade without learning these, you will lose your money.
As for the current #BTC situation: It seems to be rising in short time periods. But when we look at a 4-hour daily chart, we see that it is actually falling unnoticed. We have a long waiting period ahead of us. Personally, I wait before taking any action. You have to be patient.
$LEVER Unsuccessful people always point to a reason outside themselves for their failure. And that's why it always fails. Friends who rebel against #LEVER ; Look for the reason within yourself. Don't you look at chart formations, trends, resistances, #RSI#MACD etc. or use them?
$JUP $BTC Some corner of my brain says 20x bass. Another corner says sit down and don't itch where you sit. There is a big fight inside right now. So I sit and watch silently...
$BTC For those in futures trading, the best strategy right now is to stay away from leverage. Sitting and watching. Some say it will rise, some say it will fall. One of the 15 atmatations holds up and says "ahha, I told you so". Don't try to cross the stream with anyone's help, you will drown. Either learn to swim, or do not enter this stream. Be careful of bull and bear traps. Do not jump in like a carp.
$BTC Are those who say it will reach hundreds of thousands and fly here? #BTC Don't let falling scare you. It causes altcoins to revive. It creates the opportunity to get lower.
Long bloomers? They should have thought that such a rapid rise had a fall
$BTC Some friends ask why coins do not rise when BTC is high, and when it falls, altcoins also fall. This is better 😆
There is no need to be pessimistic, friends. We should be more happy that altcoins are falling. The more a price drops, the more of a commodity we buy at the lower price.
#BTC it will stop somewhere. Large investors will load up on lower-level baby altcoins. It is necessary to identify and follow them. This has always been the case and will always be this way.
$BTC It is normal for altcoins to stay where they are while rising. Because a fast movement also has a quick and hard return.
Therefore, smart investors either trade above #BTC , or they wait without trading so that they can buy the falling altcoins at a lower level with the return of #BTC .