On the basis of technical analysis I wanna share one past chart of September 7 2024 when BTC made a dip of 52500 from 62000 in 2 days everyone can see the past data of BTC to understand clearly everything.
Now the same thing is being repeated by BTC from 102k drop to 92500 exit like September drop and then taking movement toward upward slowly and gradually it will go towards 100k and from this level we might not see a dump again in the market the small dumps could come but it will be recovered very soon.
Personally I have opened long position which I was waiting for 2 weeks and watching the past September chart 📊 basis I have taken trades hope I will get a huge profit from this trade, and we may not see a dip below 93000 again for what people are waiting.
This is a super trap by Market to deal people or small investor to get exit of dump. The real and professional trader will stay here and new and gambler will take exit because of dump, the professional are calling it opportunity but a small trader afraid here and get exit as soon as possible. Which is called a whales and big companies game which they do repeatedly with retail investors
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As we can see now right know a slight upwards movement in btc and over al market btc yesterday drop to 91500 and again raised to 95k again after that btc drop to 91700 after few hours and the whole morning here in Pakistan time upto evening btc was in consolidation and after evening market got move studdly towards 96250 almost this was the movement what I discussed.
Now let's come what is going on trap and tactics are used against retail investors here, because small investors are in confusion they want to invest in market but market is volatile due to sudden dumps and pumps from the previous some days .
I have in mind two different kind of analysis in my mind.
1:: one analysis which is strong the dropping of btc to 88k or 87k and from that very area market could pump and the alt coin can go parabolicly after btc coming to 88k area in my analysis
2:: the second is my fresh update related analysis is that btc might go towards 98k after new year start and the alt can be be pushed hugely instead of btc the alt can explored hugely we should wait for the happy new years. Here is a chance in alt coin to open a long trade in alt coin with using a perfect stop loss,
Am not you financial advisor I just share my thoughts with my followers further everyome should trade with your own due diligence.
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