in the previous post, We surrounded the price in a specific area by placing two lines at the bottom and the top, and we said we would wait for how the price would react to the two lines. This is the #btcchart in the previous post (Follow me to receive updated analysis).
Recently, Bitcoin broke the last bottom and then rose (See the picture below đđ)
Is this the end of the decline? Will it continue to rise above the previous peak or will it fall further? This is what we do not know and what most traders ignore đĄđ€đBut there is proactive knowledge in order to know where the price is headed.
in this previous post, I said; .......the price has returned to test it, and I see it as an opportunity to exit if you are stuck in Coins. perhaps we will visit the 68 area and then go down, so be careful in your trading.
So, đThe 68/69 area is very important in the price shift đWatch her !!!
If we reach it, It is the dividing point between going up and down; Perhaps the price will drop from there to reach the 50/53 areas, and If the price break it and remain above it, that means we will rise further.
If you are asking when will we get there? I tell you; Now we are going up to it.
If we reach it, how do you know whether the price will rise or fall after that? Simple, I can answer you now, but wait when we get to it.
Bitcoin is still negative unless we close above 68K
In the past few days, we see successive lows being broken, and since yesterday and today the price has returned to test it, and I see it as an opportunity to exit if you are stuck in Coins. As I said in the previous post, perhaps we will visit the 68 area and then go down, so be careful in your trading.
Many traders and investors are deceived by events and economic news, believing everything they hear and see. For example, at the beginning of cryptocurrency investment funds #ETFâ , many traders believed that prices would rise, but the opposite happened. The same thing occurred during the Bitcoin Halving.
Markets, in general, are moved by banks and financial institutions, which have significant power, wealth, and media influence. They spread exciting events and fake news, so don't be a victim.
So, what can you do? How can you avoid being deceived? You must analyze the chart, as it reveals and exposes the truth.
"The market has a cycle across all timeframes, and price is a fractal."
Since the emergence of the #crypto Coin market, every Coin that appears has a team, a project, a platform, and an official account on social media sites. In order to sell a product, you must market it and create a story (Narrative) for it, in the Fact Crypto project is marketing. If you buy a Coin and think this Coin is very strong because it has a strong team and project, You still do not know this Domain. What do you think of meme coins? Do they have a project? Of course, they don't. So why do we see them alongside the first coins?
My advice to you: Don't believe in these projectsâ The chart reveals everything.
This is my first post, I hope I will help a lot of traders. I will analyze Coins( especially #Bitcoin), give buy and sell zones, and lots of tips. I have the power to determine market movement and any trader can compare my analysis with the market and see the result.
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