Today PPI data will release , maximum chance come +ve. Should we still wait for $51K ? Here is our personal point of view.
Yesterday we shared our personal opinion about #BTC☀ according to that market can fall to :
1. $57,500
2. $55,000
3. $51,600
We are still waiting for these prices to buy as we already sold at $61,000. But today something happen different . As all of you know today USA #PPI data will be released. Maximum chance it comes positive for Market. We can see pump in $BTC around 3-5% but we will not buy. As market is in bearish state and it will be news pump so it will cool down with time and market will give us a correction . If you want to trade this news also then follow below steps.
1. PPI data will be released at 01:30 PM UTC +5. Buy alts like $ENS or PHB or $SOL 5 minutes before data release.
2. Sell them as soon as you gain 3-5% profit.
Most probably if BTC not dump before PPI then it can rise UpTo 60K-61K. But use only 10-20% funds for it. Our analysis about BTC is valid and we will wait for below given entries to buy properly . The above given setup for those only who want to scalp on this news. Here is our proper setup:
1. 20% portfolio at $57,500
2. 60% portfolio at $55,000
3. 20% portfolio at $51,600
As usual 3rd entry is just for unexpected senerio . You need to be patient to deal with market properly .
Theme of talk: We will wait for above given entry point only with mentioned ratio. On PPI news market can go upward but again dump.
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