#BTCUSDT: Bloddy September Incoming?

Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.

As shown in the last post the channel worked perfectly fine.
However, before you go full-on bullish keep an eye on this rising channel that BTC has already broken down.
For BTC to continue the bullish momentum price needs to close inside the channel.
Else this could end up being just a retest before the red September arrives.
I am avoiding futures trades now. Closed most of the positions yesterday some on loss too.
The weekend is near.
In case there’s any change in the trend, I’ll let you know first!
Keeping it simple, back inside the channel and BTC could easily break through the 52k level by the end of Sept but the way it's looking.
It's not looking good, to be honest.
The only good thing is BTC is maintaining the 100MA.

Also, I have been accumulating altcoins on my Spot account.
IMHO, next few weeks we can get a good bargain on altcoins which will eventually go 2x to 5x by the end of this year. So follow me for the setups.



What's your thought on this?

Do you think this correction is over?
Do you think BTC could easily pump from here?

Do hit the like button if you like this update and share your views in the comment section.

Thank you


#PEACE



액티브 트레이드:

We wait for the weekly breakout for the next update.