ONE THING TO WATCH ON $BTC
Everyone is watching the breakout.
I’m watching what happens immediately after it.
If BTC breaks the recent high but quickly closes back below it, that would suggest buyers failed to hold the move.
If BTC breaks, holds above the level and successfully retests it, the structure becomes much stronger.
So I’m not trying to predict the breakout.
I’m waiting to see whether the market accepts it.
That distinction can save you from chasing a false move.
Follow for the next ONE THING.
Everyone is watching the breakout.
I’m watching what happens immediately after it.
If BTC breaks the recent high but quickly closes back below it, that would suggest buyers failed to hold the move.
If BTC breaks, holds above the level and successfully retests it, the structure becomes much stronger.
So I’m not trying to predict the breakout.
I’m waiting to see whether the market accepts it.
That distinction can save you from chasing a false move.
Follow for the next ONE THING.