BTC: BREAKOUT ON THE RIGHT MOMENT - SECURE 20K?
Bitcoin has shown breakdown moves more times, and we did learn from these moves a lot.
We know that there are different ways of breakdown trends, such as Stock market flow as today, and others as BTC bans, or any whale expecting that the price will go down.
But at the same time, you have also a buy low selling, this method is building to get the price action lower for more DCA buys on BTC.
And also, out of that, there is a lot of manipulation.
As we all don't know 100% where the price will go, good risk management will save the most from losses.
There is a high chance that at this point where we are now can get a breakout back to 21K. From there the trend can go further to 24K as the goal target.
We have seen this before when whales trying to make a downtrend, and with 1 whale increase most of the time at the same stricture volume we are back.
Trade safe.
This is not trading advice; markets can go on all sides.
We know that there are different ways of breakdown trends, such as Stock market flow as today, and others as BTC bans, or any whale expecting that the price will go down.
But at the same time, you have also a buy low selling, this method is building to get the price action lower for more DCA buys on BTC.
And also, out of that, there is a lot of manipulation.
As we all don't know 100% where the price will go, good risk management will save the most from losses.
There is a high chance that at this point where we are now can get a breakout back to 21K. From there the trend can go further to 24K as the goal target.
We have seen this before when whales trying to make a downtrend, and with 1 whale increase most of the time at the same stricture volume we are back.
Trade safe.
This is not trading advice; markets can go on all sides.
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