#jawasukses #jawacrypto $BTC False breakout!

like my post last week, BTC formed LL LH. possibly consolidating at 61.62 then rising to test 70 once again.

A false breakout is when the price penetrates the support/resistance level that occurs during consolidation, but does not continue to move in that direction. What happened was just a very fast price spike but then the price moved back into the consolidation support & resistance corridor.

There are lots of traders who are fooled by this fakeout and as a result they are unable to make a profit from trading. The most appropriate way to avoid this fakeout is to wait until the price reverses to the previous direction and see whether the price forms a new high (for uptrend conditions) or a new low (for downtrend conditions).

Another way is to not rush to open a position the first time you see a breakout. Wait until you can really confirm that there is an uptrend or downtrend after the consolidation period