Hope you're all doing well today. ✌😁✌
Let's talk about the chaos that happened yesterday as we had an edge breakout and then a reversal.
Everybody and they baby mama was looking to long the 10k break with anticipation of a bull run.
Does anybody notice where the weekly sits on my chart?
R e s I s t a n c e
The whales set off the breakout to trap all of the people that went long to liquidate them on a short with severe market manipulation. People that bought the 10k break, most probably forgot to use a stop loss and now have married the trade with Hope's of returning. (Bad idea)
The breakout is not always a smooth operation, this was clearly a fakeout and now I really want to see how the 3day closes ro walk us into the weekly close since we do still sit back under the key Resistance. Multiple times the last couple weeks we approach 10k and got rejected multiple times and had a fakeout. I'm not convinced.
I currently have no bitcoin position, need a little bit more time to determine which way it wants to go. Will look for my next play based off the 3day close. Will play strict rules based off the Crossover strategy and the ema dots.
If this Resistance continues to hold, expect a big selloff and a prolonged bear market.
Stay on your toes and alert during these manipulated times.
Best of luck to you. Will update here.
🥇MLT | PRO TRADERS
Let's talk about the chaos that happened yesterday as we had an edge breakout and then a reversal.
Everybody and they baby mama was looking to long the 10k break with anticipation of a bull run.
Does anybody notice where the weekly sits on my chart?
R e s I s t a n c e
The whales set off the breakout to trap all of the people that went long to liquidate them on a short with severe market manipulation. People that bought the 10k break, most probably forgot to use a stop loss and now have married the trade with Hope's of returning. (Bad idea)
The breakout is not always a smooth operation, this was clearly a fakeout and now I really want to see how the 3day closes ro walk us into the weekly close since we do still sit back under the key Resistance. Multiple times the last couple weeks we approach 10k and got rejected multiple times and had a fakeout. I'm not convinced.
I currently have no bitcoin position, need a little bit more time to determine which way it wants to go. Will look for my next play based off the 3day close. Will play strict rules based off the Crossover strategy and the ema dots.
If this Resistance continues to hold, expect a big selloff and a prolonged bear market.
Stay on your toes and alert during these manipulated times.
Best of luck to you. Will update here.
🥇MLT | PRO TRADERS
