#BTC Brokeout will it sustain? Latest Trade Setup!

7 Mar 2021

This is a short update and a folowup to my previous BTC chart which is going exactly as planned.
BTC brokeout of the important 50k resistance and is ready to reach 54K+ and eventually above 63k.
All we need os a retest to the 49.5 to 50.2k level where you can consider an entry if you haven't entered yet.
I've already said in my updates to accumulate longs below 50k

Expecting the price to hold but since this is Sunday and the weekly candle close is still 15 hours left for the close it's better not to chase the pumps and wait for the retest and confirmations to enter a trade.

Do share your views and like this update if you want to stay updated.
Your likes and comments motivate me to work more for you all.

Stay safe

#PEACE

7 Mar 2021

Not

It will be healthy if BTC just retraces back to 49.2k to 50k level.
Seems likely. Don't chase BTC for long positions.

Ladder in slowly and with low leverage.
The weekly chart still needs to close after 13 hours or so.
So we need to be very careful with our long positions.