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BTC Staking
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$BTC
Urgent UPDATE for BTC and all ALT Coins
As I predicted earlier today BTC went up to liquidate and clear the liquidity at $69920-$70100 and has fallen back to retest it's previous low just below $69000.
If BTC should close the 4 hour chart (around 1 hour from now) below 69,000 then it's confirmation of bearish signal.
With this sign it is recommended to trade shorts only or take profit as soon as possible at any level above $69000-$74000.
A close below $69000 is confirmation that bears are now in charge of the market. In such situation, price may spring up to attempt a recovery but it will definitely go down again as smart traders take profit or close long positions to safeguard their money.
Note that meme alt coins will bleed the hardest during this temporary bear phase. So trade wisely and avoid using excessive leverage for futures trading.
I provide insights on trading psychology and tips to guide you on trading. Please do your own research and don't take my post as financial advice.
Thank you.
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