$BTC đ $BTC : BREAKOUT OR FAKEOUT? đ„
A green candle doesn't always mean Bitcoin is ready to go higher.
When analysing $BTC, I look for 3 things before trusting a breakout:
đ 1. Price action: Does the candle close above resistance, or does price get rejected?
đ 2. Volume: Is there enough activity to support the move?
đŻ 3. Retest: After breaking resistance, can Bitcoin hold that level?
The biggest mistake is entering too early because of FOMO. Sometimes, waiting for confirmation is the better decision.
đ LET'S DISCUSS:
Which signal do you trust most?
đ °ïž Breakout with strong volume
đ ±ïž Breakout followed by a successful retest
Comment A or B and tell me why. I'm interested in seeing how other traders approach BTC! đ
#bitcoin #BTC #CryptoAnalysis #BinanceSquare
A green candle doesn't always mean Bitcoin is ready to go higher.
When analysing $BTC, I look for 3 things before trusting a breakout:
đ 1. Price action: Does the candle close above resistance, or does price get rejected?
đ 2. Volume: Is there enough activity to support the move?
đŻ 3. Retest: After breaking resistance, can Bitcoin hold that level?
The biggest mistake is entering too early because of FOMO. Sometimes, waiting for confirmation is the better decision.
đ LET'S DISCUSS:
Which signal do you trust most?
đ °ïž Breakout with strong volume
đ ±ïž Breakout followed by a successful retest
Comment A or B and tell me why. I'm interested in seeing how other traders approach BTC! đ
#bitcoin #BTC #CryptoAnalysis #BinanceSquare