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$BTC price forecast 🤑 Nobody can accurately predict the direction of the market. However, two scenarios could play out. Scenario 1: If the price of holds Bitcoin above 57k, bitcoin could continue it quest to reclaim the 70k-73k levels and even hit a new ATH in the coming days. Scenario 2: If the price of fails to hold above 57k and closes below 50k on the weekly chart, we could see a further correction to the 45k-48k levels followed by some sideways movements before price recovery.
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🤷Crypto is Stress-free.🤷 A lot of people who are new to crypto or struggling with crypto will disagree with me 100% because they don't have a working strategy and knowledge of how things work in this space. When you discipline yourself to follow a strict set of rules such as: - I will place a trade if this happens... (ie: having an edge) - I will close my position if this happens... (ie: risk management) If you can follow simple but powerful “if-this-then” statements, victory will surely be yours and the process will be stress-free. Trade safe. #Dyor2024 #TONonBinance #XRPVictory #MarketDownturn #BlackRockETHOptions $BTC $XRP $TON
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💥Overall market trends and BTC price in the coming days. 1. The overall market trends The overall market trend for bitcoin has been showing glimpse of weakness as struggled to reclaim the 70k-73k price levels as based on the monthly, weekly and daily charts. Generally, altcoins have seen an average dip of almost -60%. The launch of Eth Etfs could spark the tone for the start an alt season as many anticipated. 2. Why we witnessed a big drop in market The big drop we experienced in the market between 2nd and 5th August was largely influenced by long-term holders taking some profits, geopolitical issues, the crash of the Japanese stock market to historic lows since 1987. Data from Arkham intelligence shows that a lot of traders/investors sold all their coins but BlackRock, MicroStrategy, Grayscale and Fidelity didn’t. 3. Add your prediction Nobody can accurately predict the direction of the market. However, two scenarios could play out. Scenario 1: If the price of holds Bitcoin above 57k, bitcoin could continue it quest to reclaim the 70k-73k levels and even hit a new ATH in the coming days. Scenario 2: If the price of fails to hold above 57k and closes below 50k on the weekly chart, we could see a further correction to the 45k-48k levels followed by some sideways movements before price recovery. 4. what strategy someone can use to prevent from these market conditions. In the crypto space, patience is not just a virtue but a strategy that could be very crucial at this time. So if you already hold crypto for the long term, just remember the basic market structure rule which states that; "Never sell on the lower low, Never buy on the higher high" and DCA for better cost basis. On the other hand, if you want to enter the market with the short term in mind, prioritize risk management and don't enter the market with all your ammunitions. Note: don't forget to do your own research. @CRYPTO MECHANIC #BlackRockETHOptions #RoninBridgeAlert #MarketDownturn $BTC
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Overall market trends and BTC price in the coming days.
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To those of you who panicked and sold off your bags when the market dipped, I hope you've learnt your lesson. Basic market structure rule states that; "Never sell on the lower low, Never buy on the higher high." #BlackRockETHOptions #RoninBridgeAlert #MarketDownturn #BinanceTurns7 #Dyor2024 $BTC $WIF
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