-My previous update last November 30 has failed -Bitcoin drop down to its weekly key support area -The price also retested the 50week Moving Average -And currently, we can see the BTC is reacting to this level -A massive -30% flash crash hits my stop-loss of a few trades I opened -The good side though I'm following strict risk management -I only allocated less capital on these trades due to bad market condition -Looking at the current situation, if BTC will repeat the same pattern -On this weekly timeframe, we could expect a good bounce from 50W MA -This is only an "IF" statement, provide this moving average holds -Many altcoins broke their bullish daily structure -but there are still a few looking good coins on their weekly view -That has a potential big move for the next few weeks -Well, everything will still depend on Bitcoin's next direction -I will remain cautious and allocate a low position size -I hope many followed their stop-loss and proper risk management -Good luck everyone and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
`````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````