FOMO ? Wait read full post $BTC is on its last stage to hit $55,000. Here is full detail .
Today we will not discuss BTC with only chart pattern or some other things . Today we will explain with a new strategy why bearish is not over yet. We will use background and foreground strategy for it. Before reading further assure you must have liked post and
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Look on chart we write 9 point on left side and 9 point on right side. Indicating low and high of each side respectively . If you look deeper you will see that same thing is happening that has happened behind on the chart. This strategy is know as Back-Fore Ground strategy . 8 point are already matched. Now it's time for 9th point. Also we have resistance between $62,000 - $62,800 for #BTCâ . We can see sell off from here. We work with facts not hopes. We are still looking for:
1. $57,500
2. $55,300 area. We can see bounce from these ranges. We want to clear a thing here that these analysis are for interaday trading not for bull run holding. Don't sell your Bull Run holding .
Also #PowellAtJacksonHole indicated a rate cut. Due to of which we saw a bounce in price from 60,500 to 62,300. But BTC unable to break resistance . Personally we bought 40% at $57,500 and holding still and waiting for Dip so we can buy 40% more at 55,300 area. For new readers we will mention again our personal buying ranges with proper ratios:
1. Buy with 40% portfolio at 57,500
2. Buy with 40% more portfolio at 55,300
Some more reason why we indicating dip from last few days:
1. 500M+ Liquidity at 55,300
2. FOMO is max after Powell today speech
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We will bullish once market hit our entry points. or close 1D above 62,800. By the way untill / at that time we are bearish.
