Friends according to the predictions that say about the day Sunday, I better withdraw or continue, please give me ideas๐๐ป๐๐ฐ
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CRYPTO MECHANIC
ยท
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I donโt really like to see direct breaks. When the market tries to break a key level right after several days of upside, it often turns out to be a fake-out mainly because the market runs out of momentum.
The last two times Bitcoin attempted to break out above a key high, it got rejected first time by around 30%, and the second time by roughly 11%.
Not saying weโll see another rejection here, but based on how I like to see price action develop, this setup isnโt my favorite. I usually prefer some kind of consolidations before breakout.
The last two times Bitcoin attempted to break out above a key high, it got rejected first time by around 30%, and the second time by roughly 11%.
Not saying weโll see another rejection here, but based on how I like to see price action develop, this setup isnโt my favorite. I usually prefer some kind of consolidations before breakout.