I had my fun, stop being delusional, and come back to reality. on all large timeframe, BTC looks bearish and BTC already had a good run from 3.3k all the way to 64k sorry if you missed out. Also, I don't care if the instantiations are in, those are going to be the same guys who dump on you and make you all bagholders. Play it smart and don't FOMO at the top. Here is some advice if everyone thinks something is going to happen in reality it does not happen, don't end up as a statistic. I will look for a rebuy only at 42k if the bulls are willing to step in, besides that I wish you all the best of luck and I will keep you all updated. :)
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We are right on track to 42k, 42K is the last area bulls need to hold for BTC to remain bullish in the short to mid term.
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Let's go thats how we do it, Subscribe for more Trading Idea's.:)
Trade closed: target reached
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The entire cryptocurrency market has been on a bear-market for the last couple months by now, since the post was created on May 11, 2021 BTC was above 55k and now BTC is 19k. To be a successful trader you must try your best to not hold any bias and make the appropriate bets/investments when the market is going a certain way. I will make a follow-up post when I believe bottom range has been hit :)
@jamesasb, Glad you agree 42k is most likely Bitcoin's last chance to prove the market is still bullish
mahatango747
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@Popwwe123 by Proving you mean retesting the 64,000 handle and then going down to 9000?
Popwwe123
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@jamesasb, We will see if BTC does break through 42k the whole crypto market with crash pretty hard and fast, That's when I will buy the dip
mahatango747
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Did you buy the dip?
jamesasb
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@mahatango747, fully loaded my friend, bags refilled
mahatango747
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@jamesasb, Nice, I sold late, but got in lower, not sure if the selling pressure is exhausted. I would think so since liquidations fueled the spike drop.