Influencer Will Tell You Sh*t But Here's The Real Formation!

Understanding the market is not hard ifโ€ฆ

If you can read the charts and trade what

you see instead of what you think!

Most good traders at times follow their minds

instead of following what they see in the

market and here's an example of this ifโ€ฆ

we are to trade this market as an investor.

Before we dive in, kindly share this article

To help me get to 1,000 followers so I can

keep dishing out content like this and more.

Follow me @Mike Akerele to stay up-to-date

on my content as well and not miss out.

Let's continue....

Note: Profits target is expected to be between:

7 Days - 3 Months Using this Daily (D1) Timeframe

Here's my observation on the current Bitcoin Market (BTC/USDT)

As seen on both charts attached to this post.

This is a Daily (D1) Charts of BTC/USDT

You can see that we're still ranging between the HIGH of 72k and LOW of 48k.

What does this tell you?

This is a range market but more than that,

is another important action going on in this market:

Looking at the channel on this chart (the 2

yellow lines that formed the Lower Lows

and Lower Highs of this market)

The channel shows how Bitcoin has

continued to nose-dive from the High

around 72k till the present price.

Now, this is how you should trade this

market either as an Investor or

a Swing Trader.

The Vertical Blue Line represents the

Market Weekly Opens for the Crypto

Market and the opening price is

$57,493.30. But...

We have 2 POSSIBILITIES here:

1. Anything can happen to the Crypto

market either one news come up orโ€ฆ

whales coming into the game and they pump the market to BREAKOUT of this

channel through the yellow trendline above.

And...

What that happens, no prophet should tell

you what next before you understand

the next move.

If this scenario happens, this is what you should do:

Watch the market breakout, butโ€ฆ

DON'T try to catch it! It's dangerous!

Allow it come back to the same level it broke out around the yellow trendline on

the top and find your entry around there.

(there's a strategy to enter the market here

using candlestick patterns and volume)

That is the first way to trade this market.

Now, to the second possibility...

2. If we don't break out of this channel

upward, then it means...

We are definitely still going down to this

main SUPPORT around $48k+

(the blue horizontal line)

You should find your entry around this price

if Bitcoin keeps going down and there is no

breakout of this channel as explained above.

By finding your entry here, you will be

more profitable than anyone in the

market when the price of Bitcoin

rises to the previous

All Time High (ATH)

or it when it creates

a new High.

My Advice: discover Crypto and learn how

to read the charts yourself.

Stop following Influencer's advice as they

will tell you to buy when the market is

going down and sell when the

market is going up!

It's not their fault because they really don't

understand how the system works and you

shouldn't be that easily misled, be better!

I hope this little explanation helps, if it

does, let me know in the comment.

Wanna say thank you? I accept Bitcoin or any other coins too!

Have any questions? Drop it for me in

the comment or send a DM.

Repost this article to get to other anon

who is about to put his life savings in

Crypto without understanding the

market structure.

Someone on your list might like to read this kind of content, share it with them.

Follow me @Mike Akerele to

keep getting this type of content.

NOTE: this is for Educational purpose NOT

a financial advice, you take sole responsi-

bility for your trading & Investing decisions.

Ensure you Do Your Own Research (DYOR)

PS: it's either you buy on retest after a

breakout of the channel or wait for BTC to

dump to around 48k. The choice is yours.

JUST WAIT for any of it to happen before

you make your move.

#AwesomeMike #Bitcoin

#TradingMadeEasy #Market_Update