Let's face the fact that btc /USDT is in an indecision state that can either lead to a pump or more dump.
As a speculator I have to remember the effect sudden spike in can affect the price,
like what happened of recent when price broke out from consolidation and dump straight back into it with no remorse whatsoever about your Liquidation .
The shows a very interesting formation where the current XA swing retracement to B was less than 61.8% which fits a than a .
but don't forget that this pattern failure could occur if btc /USDT fails to cross the neckline zone around 10k to 10400 and this can lead to a dump to the 8700 zone or even further to 7500.
As traders, we have to be open to what ever direction BTC chooses, but this can only be caught if you are patient enough.
The current could take btcusdt on binance to a possibly 11k zone at-least, and that is only possible if BTC makes it above the current neckline.
Few questions about my current view on the market;
*ARE YOU CURRENTLY OR ON BTC /USDT?
my answer: I am neither or until I am sure of where the market is going, Better to be in USDT than loose money chasing winds.
*ARE YOU CURRENTLY ON ANY TRADE?
my answer: NO
my answer: I will prefer to wait and see how btc reacts to the neckline before taking any trade because only the patient dog stays fat in this game.
TOP ZONES TO WATCH :
Resistance for long
9950 - 1050
Support for short :
9200 - 9k
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