➡️Unfortunately for the bulls and me in particular as an analyst, the price of Bitcoin went according to the worst-case scenario without completing its technical, at least local long from the 64300 zone (as I wanted and saw) or as a compromise 63000-62000, but decided to treacherously go to 60000-59000-58700.
Thus, what conclusions can be drawn:
1️⃣The strategy for the month, which I did not set, went into its work and is almost completed (see screenshot) + (they also warned many times in the posts above, the final goal there is 58700.
2️⃣Considering that the price crossed 64300 and moved in the direction of 63000 and below, we can state that the price, with a high degree of probability, wants to prick EMA200, I showed and told this idea (see screenshot), i.e. given the current price position - this may be the first pause (i.e. 60000-59000 +/-) before the subsequent movement to/to EMA200 (at the time of writing this post it is 58000)
3️⃣Thanks to this development of events, the RSI and its analogs moved to the zone below 30% (see screenshot), which is very good for the bulls, especially on the eve of the release of inflation data on July 11, i.e. in 17 days, so by this time, I think, we will see a touch or two to EMA200, and other options are also possible, but about them in future videos.
If everything goes according to my fundamental scenario....
➡️Everyone is interested in the “local long” that I have been talking and writing about since last Monday. This day this still hasn’t happened, which already takes the future long from the rank of “local” to “just long” or better, but still 1 dive after I allow based on the technique that I see so far and the market gives me, which has already been told and shown in (screenshot below).
BUT! I'm waiting and he will be! Here 10000% Without any 99%! And it will be SOON! Again, the trigger zones now are 60000,58700, EMA200 (so far 58000) and this is bad! Because I will repeat the points from the video and posts, and the ref. chat. A local long or just a long would be great from a strong zone in the bull area, but now, after penetrating 60,000 and below, this long may have restrictions around 64,300, which is not cool at all.... And this event itself does not mean that much as it could be...
The probability of breaking through 64300+ at a swoop will be a miracle (i.e. a V-shaped reversal), but I believe that we will not reach this milestone before the end of the month, alas, I want to be wrong, but as practice has already shown, I, unfortunately, I have never been mistaken in such situations and in moments of supposed negativity, but it would be nice to break this vicious circle!
This negative assumption has basis and weight because We lost 64,300.
➡️For understanding. I am in a trade and showed it according to the average (i.e. 1 piece was split and now it is 64663.5 because I am not greedy and the task was to enter the expected local long from 64300+), so I have at least 5 more averagings and the first averaging costs 58,700 according to the technique, so if you follow the RM and MM, there will be no problems, but if you take a full deposit with 100x, then this is certainly the end of a trader’s career.
➡️In this regard, the nearest stream that will be in the ref. chat (most likely either at the end of this month or next due to my situation in life with my family), it will be devoted to strategies and, first of all, the one I talked about last time, on RSI and I will make the recording of the stream available to EVERYONE from with the goal of improving your technical skills and eliminating illiteracy. It will be useful to everyone.
➡️P.S. Such price behavior is extremely rare and such pressure on the price is atypical, so in trading you need to be prepared for everything and take risks, but blaming everyone around and complaining about fate is not our way. Let's swear and teach science how to win!
Subtracting a third from the volume of the cylinder - the volume of a cone with the same base and height as the cylinder - we find that the volume of half the ball is equal to the volume of the cylinder. Don't understand anything? You think that geometry is not needed, just like studying trading including TA, if you don’t know this, how will you understand what the volume of the cone is and where the price will go? And all the best to you!🤝
⚠️Important areas:
✅Support: 60300, 59300, 58700, 58000 (EMA200 and powerful protection), 57600, 55600, 52500, 50000
❌Resistance: 61700, 62200, 62900, 63000, 63900, 64300, 65350, 66400, 68700, 70100, 71400
#BTC #Bitcoin #BTCUSDT #ЛюбимыйТокен $BTC
