Hello ð it's me your RAJ ð professional trader âĻ
This idea ðĄ is completely my own analysis to explain situation on market conditions why bitcoin ðŠ BTCUSD will not reach $16000 below ð it's completely my view ð #DYOR
Note ð if BTCUSDT day close above 32k no visiting 20k ð 80% technical analysis comfirm no new low ð ð market sentiments and other sources with history cycle CONFIRM no new low ð ð month candle close above 36K we entered complete ðŊ bull ð run BTCUSD
ð why I am bearish in short period â°
ð DXY is pumping still top ð was not completed ð expecting $108 - $110 Majority of ALTS TOTALMARKETCAP2 not showing any upside ð move still considering down side ðĐļ still expecting bottom to ALTS so this one of reason BTCUSDT consider bearish ð untill alts completed bottom and confidence move upside ð
ð in my opinion better to accumulate BTCUSD 50% around $27000 remaining below $23000 Is very good ð if u wait for 23K below just flip of movement enough miss u complete chance Use ð§ always keep 20% back-up as per ur portfolio , it helps when there was " wars " or economical damge
ð I am expecting 22k
ð if really BTCUSD reach $16 sign ð new low ð then I close 40% my bag ð° after comfirm ð I will re-buy , $16000 is range bond broken zone ð reaching there lose market value it's sign ETHUSD reach new low ð even damage total market cap also ð use basic knowledge , now BTC turn major index to whole Crypto ðŪ
ð how can we confirm when BTCUSD hit 23K below ð that local bottom is completed ð It's very simple ð when month closed ð above 25K strong ðŠðŊ ðĨ area ð sign âĒïļ local bottom is completed ð
ð when DXY left âïļ parabolic curve ðŠ it's other comfirm ð
ð keeping comments , reacting with emojis , pointing us is very easy to some people They think ðŽ what they see ð that was knowledge ð
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull ð and bear ðŧ is more important