BTC Topping or going PARABOLIC? 🔥

KinaStar Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hey guys!

Kina here, I believe that after the strong uptrend a healthy retracement must play out at some point and this could potentially get you caught in the wrong side of the trade.

One thing for sure is that the DROP is coming, we don't know when and what will cause the massive correction but as for now this is my idea.

  1. BTC will hit a ceiling and then we can see what could potentially happen next but the ceiling I'm thinking about it's 68k it's a massive resistance zone. We need to see how price reacts as soon as it touches it.
  2. BTC I think, there will be a huge correction of the uptrend leading price to go back to 35k or 30k even. But We don't know yet how, why and when it's going to happen.

So for now let's set the 68k as potential zone to take profits in case things go south after it hits the ceiling!

Manage risk and be wise,
Kina 🔥 The girly trader
No re-test. it just pierced through the roof and now what we need to see it's a whole monthly candle close above the area to confirm the bull run otherwise it's a false breakout and we go down the hill into a full on correction mode!
Let's wait for a full candle close in the monthly to confirm the BUY BIAS!
Trade closed: target reached:
Target reached! Forgot to update this oops


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