BTC UPDATE:
I was not wrong in my analysis.
The pattern was bearish continuation pattern and we already seen a dump by this same pattern which made earlier but this time we saw a fake breakout and there is some reasons behind it:
- BNP Paribas bank which is second largest European bank which exposures buying ETF.
- Hong Kong already approved ETF and this also can be a reason of this Pump.
- Market sentiments become positive which bring more investment by outside traders and lead BTC to high Pump.
ANALYSIS:
BTC haven't corrected itself to a proper level which is between 48k-52k and we see a Quick PUMP which was not according to the sequence, we May see a fall (DUMP) in BTC.
64.8k - 65.5k Resistance is important zone typically we can see a crash from this zone and price May fall badly to 50k even more below.
But if it survived and breakout this zone with candle closing on 4H then we can enter in our MAY mission.
Before judging me please read my old posts first 🙏🏻
NOTE: Do your own research before investing.
Your Beloved: Trader_mi395
