BTC pumped high just before FED interest rate announcement f | Sajjad7 on Binance Square

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BTC pumped high just before FED interest rate announcement for september.
BTC is not on its support currently but trading above EMA 200 at 4H time frame and is closed to its resistance levels at 61,300-61,800-62,300

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BTC

68,866.26

+0.03%

835

0

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Based on 4H time frame , BTC can take support of EMA 200 at 66,700 zone and then start an upward move to retest the break down zone. Retracement zone is around 70,500-71,000. Considering the selling pressure we observed this week above 70,000 i can assume BTC will again face rejection upside. $BTC

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BTC was creating a bull flag pattern on weekly chart frame . in its Previous weekly closing , BTC gave a break out of the weekly resistnce trend line , and touched 73,600 . But the confirmation of this break out for bull flag performace was based on this current week closing. I marked 69,500-70,000 zone as closing (Such as if BTC gives weekly closing above this level) i will consider it a break out . Unfortunately , BTC closed below -near to 69,500-70,000 zone . Creating more confusion here. I will consider this a fake out. and to me we have to wait this week again for a confirmed break out for all time high or bull scenario. Till that , I will chose a short trading strategy rather than long. Trade safe , and trade with learning.🙏 $BTC $ETH $SOL

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BTC has given break down on daily trend line support , Weekly closing must be around 70,000 for upward resistance retest at 73,600-73900 . But it looks impossible for today to get a good daily closing around 70,000. BTC can touch its EMA 50 support soon at daily time frame . Dont short from here wait above 69,000 or 70,000 market will manage to go above these levels in coming days. $BTC $ETH $SOL

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Sometimes i feel bad for people who take a signal of trade from someone they dont actually know , and they trade on an unknown signal and get losses all the the time. How can people blindly follow someone trade when it involves money? If you run a business , you never trust on your manager either and take all money responsibilities in your hand , and here in future trading , you just allow someone to dictate your trading decision? Sorry to all who follow free or paid signals to get losses.🙏 Without knowledge and risk managment learning no one can do future trading. $BTC $ETH $SOL

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So hows the bull run going on ? I always say to my followers , dont be trapped by influncers who only has one piece of content that is " Bull Run" In future trading there is just one simple strategy , Take profit and exit whenever you get chance . I never analyzed market with resoect to bull run . So there is no point about holding losses in wait of bull run. Hold the losses only when you can manage your liquidity at zero. Look your fav. Alt coins right now . They are creating a new dip every day. $BTC $ETH $SOL

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