Bitcoin, along with the whole market, continues its decline. Yesterday CTK broke through the key level of $1.62, after which we did not see a strong momentum downwards, the price consolidated and has now broken through that level upwards. If this bar closes above the key level, a bullish structure will form on the chart - a complex false breakout. In this case, it could be a bear trap that the big players are using to collect liquidity. As a result of a false breakout, the price can reach the targets that are marked above.
But be careful with your risk management, as bitcoin might fall even lower, to $53-54K. Which would actually pull the whole altcoin market with it.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
But be careful with your risk management, as bitcoin might fall even lower, to $53-54K. Which would actually pull the whole altcoin market with it.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Trade closed: target reached:
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