#BTC gave a weekly candle closing a Doji candlestick, which | ENSIGN TRADING on Binance Square

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#BTC gave a weekly candle closing a Doji candlestick, which shows an undecided market or more buyers are in. Currently, price is approaching towards the strong resistance area and have to see a Daily candle close above.

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💰 Bitcoin is up 13% from our reversal zone. It is currently facing resistance near $66k. Expect some consolidation below this resistance before pump to $70k 🚀

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Trading key learnings: - Support means: more buyer are potentially waiting at that point to buy. - Resistance means: more sellers are potentially waiting at that point to sell. - support, Long, buy have same meaning in trading to buy in spot or in futures. - resistance, short, sell have same meaning in trading to sell or short sell in futures. General trading rule is: Buy at support and sell at resistance (Traders do) Buy at support and hold for long term according to their major goals or resistance levels or up to new low or new high (Investors do) TP means when you are in some position either long or short and closing the position at some point also called TP.

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