BTC- My Analysis.
BTC is still running in the accumulation phase. 2 weeks ago I shared the targets of 40k and now it's happening.
1st Scenario: If BTC doesn't hold 40k to 38k level on a daily candle then we will enter into the bearish market and the market will fully likely turn into the bearish market. ( Head and shoulder pattern break scenario )
2nd Scenario: One of the most likely scenarios is a reversal from 40k to 38k level.
What I am expecting: 65% up and 35% down Confidence level for the downtrend. As a trader, I will watch and put the stop losses on my longs as well as spot trades. Never Open any trade without stop loss.
-----Your Truly : Basit Khan
1st Scenario: If BTC doesn't hold 40k to 38k level on a daily candle then we will enter into the bearish market and the market will fully likely turn into the bearish market. ( Head and shoulder pattern break scenario )
2nd Scenario: One of the most likely scenarios is a reversal from 40k to 38k level.
What I am expecting: 65% up and 35% down Confidence level for the downtrend. As a trader, I will watch and put the stop losses on my longs as well as spot trades. Never Open any trade without stop loss.
-----Your Truly : Basit Khan
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