$BTC is this bullish trend stared?
Currently btc is showing a bullish wave towards 100k. But don’t be euphoric and get your longs enter here. Read the complete analysis before entering your position.
Btc has bounced well from 92k level and targeting levels above 100k. This is just to make your sentiments bullish. let me tell you about my analysis of market.
Market would fall back from 102-103k level to 92k level again in 2-3 days.
Reasons:
1.This is just a rally that could extend up to 103k. Everyone was thinking of entering a long position below 92k level. So they created a FOMO after this pump.
2.a lot of short positions were gathered at 100k level. That’s why it is necessary for the market to liquidate these position.
3. Market sentiments were bearish so they will oump it above 100k level to make everyone bullish again.
• BTC PRICE MOMENTS IN COMING DAYS:
This bullish rally will go to 100-103k level and then there would be a dump in 2-3 days. A good time to buy would b start of January.
•What mistake you can do:
Alot ppl would be entering long positions after 100k thinking of ATH. But don’t get fooled by this.
• What needs to be done:
For ppl who have their long position: that’s a good luck for you. you must exit your positions at 100-102k level.
For ppl who have short positions: If you have enough funds and your liquidations are beyond 103k level. You can hold them and exit once market dumps in 2-3 days.
•LONG TERM PLAN:
Selling All the positions at 100k level.
Rebuy them after dump in start of January.
Buy levels: 88k,90k ,92k, 94k.