$BTC failed to break upward ( tried 4 times to break above 73k5)
- After a couples of falling back in the tri-angle mode, a breakout has been confirmed from 63-64k level in 1D timeframe
- We do have some support right 56k8. Let’s see how the price react at this level and watch out if this one holds
- We also have fvg at 52k5-54k
- OB sitting at 50k5 -52k
The worst case is the price goes fulfilled through fvg and retest OB at 50k.
Basically BTC needs to stay above 50k to keep the buying pressure alive. Anytime it stays below 50k the market will change significantly
At the moment the market facing fears from the fall of BTC, dragging most of the altcoins go down.
So we need to keep an eye on this and if you enter the trade during this time please remember to use SL. ‼️‼️‼️
📌Dislaimers: All my predictions based on my trading strategies, DYOR before entering the market.
📌 Trading Rules:
- Always put SL ( TP might not be needed ) to reduce the risk
- Using proper money management to make sure you do not miss the ideas entries
- Trailing your SL or using Break Even
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Thank you and Trade Safe ❤️
