Bitcoin Needs Correction!!!

12 окт.

As I had expected in the ✅previous post✅, Bitcoin started to pump after a Bear Trap.

Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel, and 200_SMA(Daily).

I expect Bitcoin to drop to at least the Support zone($61,840-$61,450).

⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️

⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

🔔Be sure to follow the updated ideas.🔔

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

13 окт.

Сделка активна

Trade was activated

13 окт.

Сделка закрыта: достигнута тейк-профит цена

First Target Done

14 окт.

Сделка закрыта вручную

I made the second 50% of the position risk-free, although it was less than $110 to touch the second target, which is normal in trading, and anyway, the position was closed with profit.