In the last post i wrote about holding your position bcz it was a small correction.
See now we have achieved 90k$+ and more to go.
I am not saying that reversal can’t take from here. Just to make clear don’t let market manipulate you this time.
Do not just go on anyone’s analysis bcz again saying the resistance support method will not work in this market probably unless the market remains sideways for 4-5 days.
Correction is an important part of market for making a step upwards so hold tight.. make your position more stronger in spot. This is a bull phase so holding good projects won’t result loss.
Honestly speaking this is not a fair correction if it doesn’t go more down but still those who are just doing technical analysis especially based on support resistance I want to tell that there is no resistance in this type of market.
So please before taking any call for futures trade based on someone else analysis do your own research.
After revolving around 60k area btc broke out…. I already mentioned it in earlier post.
This area was very important for btc to take reversal.. Now we may see a retest towards 61-62k area and it would be a healthy movement.
Retest is a part of cycle we should never panic and take decisions with patience.
Today is Tuesday and we may see a good volume market. So, it is unlikely to see retest today but if it happens then we can take long entry with small leverages.
Everyone has different method and pov. I never take high leverages for good gains reason is simple i say no to greedy instinct.
Market always read our emotions and if you behave accordingly you will get caught and it will definitely break you.
I can recommend one thing we can take long entry especially from the retest area with small leverages for long time.
In the last post i mentioned where is #BlackRock 😂😂 and now the ceo tweeted #bitcoin☀ as digital gold. Wait for sometime you will hear more from the people who just went to graveyard
See! What i wrote about btc is exactly following. Nowadays i am not a big fan of futures trading just because of unusual motion in the market..
I literally feel that these are pre planned so i would keep my self away from futures.
But one thing i would like to share there might be very genuine traders who can give signals but believe me no one knows the the exact dump or pump level.
I am always up for spot entry at any current price in order to have a long term investment. Even if i open any trade in futures most likely i would not be posting it here just because of lack of confidence.
It is always upto you guys to open long/short. And please let me know what you all are going to do spot or futures in this time.
Always remember taking on spot will never fail in future.
I am not sure at this point we should open any long or short positions… I think watching market for some time is better rather than making any decision. 60k area is crucial and i think from that area btc may drop or if it goes up then it would be all green for long.