Another risky idea to consider since BTC always never behave as expected.
With fear and greed index now at all time low and everyone is predicting holy turd we are going to 30k, are we really going down?
Long BTC
Leverage x20
High Risk (Tight stop loss as we are going against the stream!)
ENTRY 34800 - 35500
Stop Loss 34500
Target 1 : 36700 (watch closely, its going to either be a push or a retest before further drop)
Target 2 : 37800 (Critical point, breaking 38k solidify upwards movement. Rejection means we will likely drown to 30k)
Target 3 : 40000
Target 4 : 41400
Target 5 : Free range, bull takes over
Likely BTC will not move as much on weekend so expect any surge to happen late Sunday. Kind reminder again that this is a very high risk, but with basic charting knowledge you will notice 34800-34900 as BTC likely last bastion which we will try to capitalize.
The arrow patterns are possible movement path. It will not move exactly as how they were drawn. Use them as guidelines to consider your decision
Please always remember to put a stop loss when you first enter a position, a stop profit when you are already in profit, and never chase a trade.
Should you have any questions or inputs, please let me know in the comment section, I will always answer them as best as I can,
Thanks for stopping by to my post, hope it can help you better in your decision making.
Please support my idea with a like should you find my idea helpful.
Thank you for considering my analysis!
With fear and greed index now at all time low and everyone is predicting holy turd we are going to 30k, are we really going down?
Long BTC
Leverage x20
High Risk (Tight stop loss as we are going against the stream!)
ENTRY 34800 - 35500
Stop Loss 34500
Target 1 : 36700 (watch closely, its going to either be a push or a retest before further drop)
Target 2 : 37800 (Critical point, breaking 38k solidify upwards movement. Rejection means we will likely drown to 30k)
Target 3 : 40000
Target 4 : 41400
Target 5 : Free range, bull takes over
Likely BTC will not move as much on weekend so expect any surge to happen late Sunday. Kind reminder again that this is a very high risk, but with basic charting knowledge you will notice 34800-34900 as BTC likely last bastion which we will try to capitalize.
The arrow patterns are possible movement path. It will not move exactly as how they were drawn. Use them as guidelines to consider your decision
Please always remember to put a stop loss when you first enter a position, a stop profit when you are already in profit, and never chase a trade.
Should you have any questions or inputs, please let me know in the comment section, I will always answer them as best as I can,
Thanks for stopping by to my post, hope it can help you better in your decision making.
Please support my idea with a like should you find my idea helpful.
Thank you for considering my analysis!