Projection one: We can continue the dropping and enter the short once we flip and retest the trendline as resistance.
Projection two: We can deviate to the upper side of the range near 63k and once we go back into the range and retest as resistance we can open the short here as well.
Note: Only enter these trades after confirmations no need to rush the trades.
Why am I expecting a move to the downside?
1. Liquidity at 57.2k 2. Imbalances near 56.5k 3. Most fed members are still data orient and Powell may give a tip for the September rate cut to 25bps, as the market is currently expecting 50bps.
$BTC moved as projected, booked 50% shorts here rest SL to BE.
Tachyon
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$BTC update Expecting a dump to 56.5k levels minimum followed by a mid week reversal and then by week closing expecting a dump again depending on many factors. However for now I'm short and looking for that 56.5k. That is all for now. Good luck and stay safe. I share free trades and updates on my TG if you want real time updates on my trades join our telegram (tachyon trades).
Things to watch this week:
1. Ukraine Russia tensions rising 2. Middle East unrest under control for now as negotiations are going on however keep an eye on this it develops fast. 3. On Aug 21 we have FOMC meeting minutes. 4. MonkeyPox spread.
$BTC update Expecting a dump to 56.5k levels minimum followed by a mid week reversal and then by week closing expecting a dump again depending on many factors. However for now I'm short and looking for that 56.5k. That is all for now. Good luck and stay safe. I share free trades and updates on my TG if you want real time updates on my trades join our telegram (tachyon trades).
Things to watch this week:
1. Ukraine Russia tensions rising 2. Middle East unrest under control for now as negotiations are going on however keep an eye on this it develops fast. 3. On Aug 21 we have FOMC meeting minutes. 4. MonkeyPox spread.
$BTC update, I'm expecting $BTC to do something like this over the next week, the invalidation is if it starts to trade above 64k and consolidate in the upper range it will open the targets of 66-67k.
$BTC update, I'm expecting $BTC to do something like this over the next week, the invalidation is if it starts to trade above 64k and consolidate in the upper range it will open the targets of 66-67k.
For real time updates on my trades join our telegram t.me/tachyontrades