🚨$BTC is ready for $51K. Here is full detail why & what we are going to do with our portfolio ?
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Yesterday we call for bearish trend in #BTC☀ and today we are still bearish but with updated chart and analysis . First we will discuss market and then we will discuss how we are going to manage our portfolio .
So, first discuss market senerio . As you can see rising wedge pattern is forming , indicating bearish trend. First market give fake breakout and now again enter in this pattern . We will see breakdown of this pattern in upcoming hours or 2,4 days and market can fall UpTo below given levels:
1. $57,500
2. $55,000
3. $51,000
We will see some bounce like $800 - $2,000 on each support depend on market strength . As all of us know ( who is in this market from last 1.5+ years) it is unable to predict exact from which point market will bounce and make ATH. So, the most important thing is how we manage our funds. We personally took some exit like 20-40% from market for DCA. We will consider these 20% amount as 100% for better understanding . We will buy with this 100% amount as given below details :
1. 20% at $57,500
2. 60% at $55,000
3. 20% at $51,000
Maximum chance market hit our second entry point but if unexpected senerio created then for that we will use our 20% reserved fund to buy at 51,000 area. Here are some more reason why we are expecting dump:
1. $450M+ liquidation present at $55K region.
2. Many people are looking for ATH at that time due to of upcoming rate cuts. Market will manipulate them.
Note : We believe in current analysis . But there are always some point at which our analysis will failed. In today analysis invalidation is that if 1D close above $62,700 we will analyze market again and plan accordingly . At the moment follow given analysis .
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