$WIF there is a falling wedge pattern and when WIF touches the price of 1$ the market sentiment is immediately fomo to buy, let's wait for WIF in the support area 🤔
#MarketDownturn $BTC BTC is now rising slowly, in this phase usually when it rises slowly after a drastic drop then it rises only to fall deeper. if btc can't stay above the red line then entering short is a good choice. 👍
#MarketSentimentToday $BTC there is something interesting about BTC in the 1h time frame there is a double bottom pattern, if this pattern is confirmed it will return to 62k😁
Lesson 3: this is an example where when a coin experiences a rejection from the resistance area (yellow line). we can enter on lower time frames but we also have to know where the limit of this coin to go up or down.
Can this be called a fake out?, no, because it already retested SnR (in this case it retested to the green line). it can't pass SnR so it gets rejected.
in this case we can enter in the green line area and take profit in the yellow line area and must know when to take profit.