Hello traders!
Today BTC showed a move that we were expecting from it. The market dipped and broke the pattern and touched true reversal point, I was expecting a pinpoint accurate reversal from 38786 but it dipped lower than that and that's not a good sign.
Now we have to take action according to reaction, it's only because it was not a pinpoint reversal. There is a strategy that we will use to tackle this situation.
BTC is gonna play with many traders and my methods know exactly how it will play.
I have drawn two scenarios on the chart and we will take action according to that.
The first scenario is when BTC retests the breakout perfectly and moves down then we will buy, it is the time when everyone will sell and we will buy.
The second scenario is if BTC continues its move towards the upside without retracement at the broken trendline. This is a scenario that I don't want because if BTC continues its movement towards the upside then it will fall and the next dip can touch 35K.
Let's wait and react.
Also, I thank the Almighty for the Perfect strategies which show me the correct way.
Don't forget to hit the like and follow to stay connected
Today BTC showed a move that we were expecting from it. The market dipped and broke the pattern and touched true reversal point, I was expecting a pinpoint accurate reversal from 38786 but it dipped lower than that and that's not a good sign.
Now we have to take action according to reaction, it's only because it was not a pinpoint reversal. There is a strategy that we will use to tackle this situation.
BTC is gonna play with many traders and my methods know exactly how it will play.
I have drawn two scenarios on the chart and we will take action according to that.
The first scenario is when BTC retests the breakout perfectly and moves down then we will buy, it is the time when everyone will sell and we will buy.
The second scenario is if BTC continues its move towards the upside without retracement at the broken trendline. This is a scenario that I don't want because if BTC continues its movement towards the upside then it will fall and the next dip can touch 35K.
Let's wait and react.
Also, I thank the Almighty for the Perfect strategies which show me the correct way.
Don't forget to hit the like and follow to stay connected
Comment:
Chart matched first scenario