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weslad
Oct 25, 2020 11:34 AM

BTCUSDT market update 

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

As we can see after BTC tested 13k3 zone it got massive rejection which is a good sign to believe that zone is a strong resistance level and we will likely go for the wave 4 retracement before final leg upward towards 14k plus zone.

This analysis goes in line with all my previous view with oscillating indicator pointing downward and RSI already in overbought range.

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

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Best shorting range 13100-13300 range

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Comments
hamidrezaaf
Hi, i m sorry if i give your time.
I m in his(WESLAD) VIP channel(WCSE) and we go to lose. i gave him 0.025 BTC at first subscription and don't give any response to others. be careful. most of his predictions is go wrong.
his success rate is less than 60%(3 of 5) average for 5 months from 9 months in 2020 in vip channel. I begin to complain for this poor success rate and my losing.
but he banned me. i have some evidences which show i m right.
kofzzong
Good!
kartongboarding
Nice
nabil92nar
is this idea is Valid now ?
schizaar
@nabil92nar, probably not. The other one with similar pattern was stop reached which is not Target reached ;)
InkyGrip
good chart! 🦐👍🏻
ttk100
Correlation to SPX and DJI is suddenly 0. You might think: yes, Bitcoin is Gold. But then there is BTC hodl whales that start moving 80,000 BTC first time for a loooong time. And then there is all the Altcoins that , again, don´t move. BTC is not moved by the market.... It might jump up but esp. when the stock market finally totall implodes: biiiiiig drop for BTC. Let´s see how far the big guys can get the dumb money into FOMO. Be aware!
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