Hello to everyone, I know these are difficult days for some of you – Bitcoin and many Altcoins are in the edge of a free fall – and you are confused what will happen. Was that a bull trap? Is this the end of the bull market?
Last days Ukraine – Russia tensions are boosted by media over and over again. News like energy crisis, financial crisis, even an imminent World War 3 are reproduced all over the world and cause panic and uncertainty to most people.
Whales control the Media and manipulate the crowd caused fear or greed. Then whales take advantage of situations and buy or sell respectively.
Crisis Brings Opportunity.
Uninformed investors give them their coins at the lowest prices.
Politics is a very complicated game. Do not bet your hard-earned money on bad news or FOMO. Keep calm and let the market shows you what will happen.
Let’s take a look at the charts. Bitcoin is trading in sideways for over a year.
The crucial support level for a bearish reversal confirmation is at $28.8k.
A decisive breakdown and close below that -in HTF 1M-, will signal the end of the primary trend (bull market) and the start bear market.
At the time of writing this report, BTC is traded at $40.4k. Earlier today $39.6k support violated. If this level break, price may reach $35 – 33K very quick.
Why? Because below $39.6k there are many stop loss order, novice traders will be panicked and some of them will short sell to cover their losses.
We are still above the: short term bullish trendline
Crucial support $39.6k
Medium term bearish trendline
The white rectangles on the chart are the most crucial support/demand areas for Bitcoin.
If you’re bullish on Bitcoin place your limit buys near there. There is no guarantee that it will hit $35k or $29k again – before the primary bear market.
Risk management – Stay to your plan – Control your emotions. The most important of all.
If you can’t manage this situation, take some days off with family and friends. Do not overtrade.
If you like my report, like, follow me here & on Twitter.
Last days Ukraine – Russia tensions are boosted by media over and over again. News like energy crisis, financial crisis, even an imminent World War 3 are reproduced all over the world and cause panic and uncertainty to most people.
Whales control the Media and manipulate the crowd caused fear or greed. Then whales take advantage of situations and buy or sell respectively.
Crisis Brings Opportunity.
Uninformed investors give them their coins at the lowest prices.
Politics is a very complicated game. Do not bet your hard-earned money on bad news or FOMO. Keep calm and let the market shows you what will happen.
Let’s take a look at the charts. Bitcoin is trading in sideways for over a year.
The crucial support level for a bearish reversal confirmation is at $28.8k.
A decisive breakdown and close below that -in HTF 1M-, will signal the end of the primary trend (bull market) and the start bear market.
At the time of writing this report, BTC is traded at $40.4k. Earlier today $39.6k support violated. If this level break, price may reach $35 – 33K very quick.
Why? Because below $39.6k there are many stop loss order, novice traders will be panicked and some of them will short sell to cover their losses.
We are still above the: short term bullish trendline
Crucial support $39.6k
Medium term bearish trendline
The white rectangles on the chart are the most crucial support/demand areas for Bitcoin.
If you’re bullish on Bitcoin place your limit buys near there. There is no guarantee that it will hit $35k or $29k again – before the primary bear market.
Risk management – Stay to your plan – Control your emotions. The most important of all.
If you can’t manage this situation, take some days off with family and friends. Do not overtrade.
If you like my report, like, follow me here & on Twitter.
Trade closed: target reached
