Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
BTC broke the resistance level and is currently retesting the important support area around 60k to 62k. I expect BTC to bounce from here and rally all the way to the 65k level. BTC is consolidating just above the resistance-turned-support trendline. So there's nothing to panic about! It's better to hold more BTC at this point than Altcoins and also USDT to trade alts.
The secret is to wait for the right time to enter a trade. Like yesterday we took many trades like SHIB and made a killing profit! Entered at .028 and Closed at .047 with 5x leverage!!
I would just like to warn you about Risk Management as always. Do not overtrade, you'll eventually end up losing money and preserve your funds.
Remember for the next rally we need a confirmation candle close above 65k level! In a nutshell, BTC is good no issues as of now unless 57k is broken. I am Holding mostly BTC and scalping on Futures and Spot!
FOLLOW ME IF YOU WANT TO KNOW MY TRADES!
What's your thought on this? Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
Trade active
⋅
60k retraced, as expected! This level needs to hold. Let's see how the daily closes!
It seems that a falling wedge is forming on the 1hr timeframe