Bitcoin BTC ahead of an important moment…
I’m waiting for the weekly close around the May peak at roughly $83,000 according to the platform.
A close above it? It could support a bullish strength scenario.
A close below it? It could increase the likelihood that we had a well-executed Fake Out, and then the weakness and the drop in Q4 would keep the probability.
But the key: there’s no certainty in the market… there are only possibilities and risk management.
Sometimes the most dangerous moment in the market isn’t when price is falling… the most dangerous moment is when the market makes you think the risk is over.
I’m waiting for the weekly close around the May peak at roughly $83,000 according to the platform.
A close above it? It could support a bullish strength scenario.
A close below it? It could increase the likelihood that we had a well-executed Fake Out, and then the weakness and the drop in Q4 would keep the probability.
But the key: there’s no certainty in the market… there are only possibilities and risk management.
Sometimes the most dangerous moment in the market isn’t when price is falling… the most dangerous moment is when the market makes you think the risk is over.
