BTC UPDATE! HOW LOW BTC CAN GO FROM HERE??
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is continuously dropping from the $24k resistance level and liquidate the most of the traders who opens a long position after seeing the break out. This is how market makers playing with retail traders. If you wants to earn money in this market you have to think like a whale. We clearly told you about this rejection in our previous update. Hope you listen and save your hard earned money.
So what's next?
Now the scenario is that BTC is back inside the triangle after giving a fake break out so there is high chances that BTC might test again the lower trendline of the triangle which is around $20k-$20.4k level. If BTC holds the lower trendline of the triangle and bounce from there then this time we see a real break out and BTC might pump again.
But the main concern here is Fed FOMC meeting which is held on 27th July so if we got some negative results then market might take more dip. Let's hope for the better.
As of now it's better to wait for the FOMC meeting results. After that we see some positive movement in the market.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update.
BTC is continuously dropping from the $24k resistance level and liquidate the most of the traders who opens a long position after seeing the break out. This is how market makers playing with retail traders. If you wants to earn money in this market you have to think like a whale. We clearly told you about this rejection in our previous update. Hope you listen and save your hard earned money.
So what's next?
Now the scenario is that BTC is back inside the triangle after giving a fake break out so there is high chances that BTC might test again the lower trendline of the triangle which is around $20k-$20.4k level. If BTC holds the lower trendline of the triangle and bounce from there then this time we see a real break out and BTC might pump again.
But the main concern here is Fed FOMC meeting which is held on 27th July so if we got some negative results then market might take more dip. Let's hope for the better.
As of now it's better to wait for the FOMC meeting results. After that we see some positive movement in the market.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
