All I am back with another new chart confirming 11k in less than 3 weeks. I had my last chart suggesting the same but we luckily retraced twice into 8800s where whales bought as you can see here:
Since major players acquired BTC here chances for it to dump are very less untill they sell. In my opinion they may not sell untill they see lows like 8600s in which case when they sell we could see price in 7k range again. But good news is that as long as we stay above 8900s chances for 11k are as near as 3 weeks in my guess. Lets see how this will play out.
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I am unhappy with the trading volume hence cancelling this trade. I will come with new chart when needed or will update here again.
There is no fear of missing out of obtaining BTC at a lower price to sell at a higher price right now. Russia news, or if you want to call if Fear, Uncertainty, Doubt is exactly how it is at this point. Fear. Uncertainty. Doubt. Unless people have money to burn, they will not buy BTC in their right mind at this time. No one wants to go to prison for selling BTC after the law is passed. Hence, they are not going to wait for it to become a law. And exchanges are not going to buy these BTCs and other cryptos at higher prices.
Sell off will continue in phases in my honest opinion. Dead cat bounces.
Try only to catch the falling knife based on a strong bounce volume.
Sure you can open this trade, but I would it set up like this. This way you lower your risk if the price reaches this dumb zone between 9,8k and 10,3k . See those arrows - this is your short term pivot. secure 60-70% of your trade volume there and move s/l to former entry point. buy back in if it closes above 10,3k and set s/l to the old pivot.