Everyone is thinking of longing from here, but I am expecting a dump soon, probably in the next 2-3 hours. Short position here. DYOR
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Bitcoin is at a very crucial stage, any upside move will touch our SL and lead to 68K values. Any downside move will bring it to 57-58k ..
Next 1 HOUR , very important...
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The trade was started from 62960...
Looks like we are going on the upside. Will confirm in next 12 mins.. If 1 hour BTC candle closes above 62900...Then close your trade at 63500/- if price touches this... To reduce loss. Otherwise stay in short trade..
Will keep you updated..
Current price is 62557/-
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The candle closed at 62470/- We are still bearish and in short trade. Next 2 hours is crucial, At the same time, we saw a big drop few days back. Let us see and observe..
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BTC is very risky. Looks like upward pressure is more. Reverse your position. We're going long here. Stop loss at 62200/-
In the first example, there was a drop after an uptrend, but now you are expecting a drop after a downtrend. There is a difference.
ebadshafi89
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@traderisso Yess correct. Different patterns. I'm closing following it now. At 70k around 4B liquidations will happen. And below 50k are major liquidations. I am feeling btc might go up before coming down. Let's see.