Hello ๐ it's me your RAJ ๐ professional trader โจ
This idea ๐ก is completely my own analysis to explain situation on market conditions why bitcoin ๐ช BTCUSD will not reach $16000 below ๐ it's completely my view ๐ #DYOR
Note ๐ if BTCUSDT day close above 32k no visiting 20k ๐ 80% technical analysis comfirm no new low ๐ ๐ market sentiments and other sources with history cycle CONFIRM no new low ๐ ๐ month candle close above 36K we entered complete ๐ฏ bull ๐ run BTCUSD
๐ why I am bearish in short period โฐ
๐ DXY is pumping still top ๐ was not completed ๐ expecting $108 - $110 Majority of ALTS TOTALMARKETCAP2 not showing any upside ๐ move still considering down side ๐ฉธ still expecting bottom to ALTS so this one of reason BTCUSDT consider bearish ๐ untill alts completed bottom and confidence move upside ๐
๐ in my opinion better to accumulate BTCUSD 50% around $27000 remaining below $23000 Is very good ๐ if u wait for 23K below just flip of movement enough miss u complete chance Use ๐ง always keep 20% back-up as per ur portfolio , it helps when there was " wars " or economical damge
๐ I am expecting 22k
๐ if really BTCUSD reach $16 sign ๐ new low ๐ then I close 40% my bag ๐ฐ after comfirm ๐ I will re-buy , $16000 is range bond broken zone ๐ reaching there lose market value it's sign ETHUSD reach new low ๐ even damage total market cap also ๐ use basic knowledge , now BTC turn major index to whole Crypto ๐ฎ
๐ how can we confirm when BTCUSD hit 23K below ๐ that local bottom is completed ๐ It's very simple ๐ when month closed ๐ above 25K strong ๐ช๐ฏ ๐ฅ area ๐ sign โข๏ธ local bottom is completed ๐
๐ when DXY left โ๏ธ parabolic curve ๐ช it's other comfirm ๐
๐ keeping comments , reacting with emojis , pointing us is very easy to some people They think ๐ฌ what they see ๐ that was knowledge ๐
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull ๐ and bear ๐ป is more important